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Global Micro-Electro-Mechanical System (MEMS) Market by Sensor Type (Inertial, Pressure, Microphone, Microspeaker, Environmental Sensor, Optical Sensor), Actuator Type (Optical, Inkjet Head, Microfluidics, RF), Vertical, and Region - Forecast to 2028

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    Report

  • 264 Pages
  • January 2023
  • Region: Global
  • Markets and Markets
  • ID: 5716880

Rising Use of RF MEMS Technology in Consumer Electronics and LTE Networks Driving Market Growth

The global MEMS market is projected to grow from USD 14.8 billion in 2022 to USD 22.9 billion by 2028, registering a CAGR of 7.6% during the forecast period. Rising adoption for consumer electronics, advancement in sensor fusion technology, and increasing demand for IoT devices are key factors propelling the MEMS market growth. However, lack of standardization fabrication processes for MEMS and high complexity issues attributed to miniaturization are some factors hindering the growth of the MEMS market.

Market for RF to grow at higher CAGR during forecast period

The RF segment of the MEMS market is expected to account for the largest market size and highest growth rate during the forecast period. The growth is attributed to the wide usage of RF MEMS in smartphones, wearables, and the Internet of Things (IoT). RF MEMS offers advantages such as reduced size, lower power, improved antenna performance and radiated power, and reduced power loss.

Asia-Pacific to witness highest growth among other regions during forecast period

Asia-Pacific is expected to dominate the MEMS market during the forecast period. Asia-Pacific is the rapidly growing MEMS market. The Asia-Pacific market is further segmented into China, Japan, South Korea, India, and the Rest of Asia-Pacific. Asia-Pacific is a major market for consumer electronics, automobiles, and industrial. This region has become a global focal point for large investments and business expansion opportunities. The growth of the automotive industry in the Asia-Pacific region is a major driver for the MEMS market. Additionally, Asia-Pacific also has the world’s largest oil refineries - the Reliance Jamnagar refinery in India and Ulsan refinery in South Korea - as well as major consumer electronics companies such as Samsung Group (South Korea), Toshiba Corp. (Japan), Panasonic Corp. (Japan), and LG Electronics (South Korea).

The report profiles key players in the MEMS market with their respective market ranking analyses. Prominent players profiled in this report include STMicroelectronics (Switzerland), Robert Bosch (Germany), Analog Devices (US), NXP Semiconductors (Netherlands), Texas Instruments (US), Panasonic Corp. (Japan), TE Connectivity (Switzerland), Broadcom (US), Honeywell International US), and Knowles Corp. LLC (US), among others.

Research Coverage

This research report categorizes the MEMS market on the basis of component, product, application, vertical, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the MEMS market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of companies in the MEMS ecosystem.

Key Benefits of Buying the Report

The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the MEMS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Frequently Asked Questions about the Global Micro-Electro-Mechanical System (MEMS) Market

What is the estimated value of the Global Micro-Electro-Mechanical System (MEMS) Market?

The Global Micro-Electro-Mechanical System (MEMS) Market was estimated to be valued at $14.8 Billion in 2022.

What is the growth rate of the Global Micro-Electro-Mechanical System (MEMS) Market?

The growth rate of the Global Micro-Electro-Mechanical System (MEMS) Market is 7.6%, with an estimated value of $22.9 Billion by 2028.

What is the forecasted size of the Global Micro-Electro-Mechanical System (MEMS) Market?

The Global Micro-Electro-Mechanical System (MEMS) Market is estimated to be worth $22.9 Billion by 2028.

Who are the key companies in the Global Micro-Electro-Mechanical System (MEMS) Market?

Key companies in the Global Micro-Electro-Mechanical System (MEMS) Market include 8Power, AAC Technologies, Advanced Hall Sensor Limited, Alps Alpine Co. Ltd., Amphenol Corporation, Analog Devices, Asahi Kasei Microdevices Corporation, Broadcom and Collins Aerospace Systems.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
Figure 1 MEMS Market Segmentation
1.4.2 Regional Scope
Figure 2 MEMS Market, by Region
1.4.3 Years Considered
1.5 Currency Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 3 MEMS Market: Process Flow of Market Size Estimation
Figure 4 MEMS Market: Research Design
2.2 Secondary and Primary Research
Figure 5 MEMS Market: Research Approach
2.2.1 Secondary Data
2.2.1.1 Major Secondary Sources
2.2.1.2 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Primary Interviews with Experts
2.2.2.2 Breakdown of Primaries
2.2.2.3 Key Data from Primary Sources
2.2.2.4 Key Industry Insights
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.1.1 Approach to Estimate Market Size by Bottom-Up Analysis (Demand Side)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Top-Down Approach
2.3.2.1 Approach to Estimate Market Size by Top-Down Analysis (Supply Side)
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Methodology to Estimate MEMS Market Size Using Supply-Side Analysis
2.4 Market Breakdown and Data Triangulation
Figure 9 MEMS Market: Data Triangulation
2.5 Research Assumptions and Limitations
2.5.1 Research Assumptions
Figure 10 Assumptions for Research
2.5.2 Research Limitations
2.6 Risk Assessment
Figure 11 Risk Assessment

3 Executive Summary
Figure 12 Inertial Sensors Held Largest Share of MEMS Market in 2022
Figure 13 RF Actuators to Hold Major Share of MEMS Market Throughout Forecast Period
Figure 14 Consumer Electronics, Automotive, Industrial, and Healthcare Considered to be Most Promising Verticals in MEMS Market
Figure 15 Asia-Pacific to be Fastest-Growing Region in MEMS Market During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities for Players in MEMS Market
Figure 16 Increasing Demand for MEMS from Consumer Electronics Vertical to Boost Market Growth
4.2 MEMS Market, by Sensor Type
Figure 17 Microspeakers to Register Highest CAGR in MEMS Market During Forecast Period
4.3 MEMS Market, by Actuator Type
Figure 18 RF Actuators to Hold Largest Size in 2028
4.4 MEMS Market, by Vertical
Figure 19 Consumer Electronics to Account for Largest Share of MEMS Market in 2023
4.5 MEMS Market, by Sensor Type and Actuator Type
Figure 20 By Volume, Sensors to Account for Larger Share of MEMS Market, During Forecast Period
4.6 MEMS Market, by Country
Figure 21 India to Register Highest CAGR in Global MEMS Market During Forecast Period

5 Market Overview
5.1 Introduction
5.2 MEMS Market Evolution
5.3 Market Dynamics
Figure 22 MEMS Market: Drivers, Restraints, Opportunities, and Challenges
5.3.1 Drivers
Figure 23 MEMS Market: Analysis of Impact of Drivers
5.3.1.1 Growing Use of RF MEMS Technology in Consumer Electronics and LTE Networks
5.3.1.2 Increasing Demand for IoT Devices by Manufacturing Firms
5.3.1.3 Rising Demand for Consumer Electronics
5.3.2 Restraints
Figure 24 MEMS Market: Analysis of Impact of Restraints
5.3.2.1 High Production and Testing Costs of MEMS Devices
5.3.2.2 Lack of Standardized Fabrication Processes for MEMS
5.3.3 Opportunities
Figure 25 MEMS Market: Analysis of Impact of Opportunities
5.3.3.1 Advancements in Sensor Fusion Technology
5.3.3.2 Widening Application Scope of MEMS Technology
5.3.4 Challenges
Figure 26 MEMS Market: Analysis of Impact of Challenges
5.3.4.1 Supply Chain Disruptions
5.3.4.2 Complexities Associated with Miniaturization of MEMS Devices
5.4 Value Chain Analysis
Figure 27 MEMS Market: Value Chain Analysis
5.5 Ecosystem Analysis
Figure 28 MEMS Market: Ecosystem Analysis
Table 1 Companies and Roles in MEMS Ecosystem
5.6 Pricing Analysis
Figure 29 Average Selling Price of MEMS Offered by Key Players, by Sensor Type (USD)
5.6.1 Average Selling Price Trend for Accelerometers
5.6.2 Average Selling Price Trend for Temperature Sensors
5.6.3 Average Selling Price Trend for Pressure Sensors
5.7 Product Trend Analysis
5.7.1 Ultra-Low-Power Hall Switch Sensors
5.7.2 MEMS-based 3D Vision Scanners
5.7.3 High-Performance Angular Rate Sensors (Gyrometers)
5.7.4 Intelligent Digital Gas Mass Flow Meters
5.7.4.1 Use of Piezoelectric Film as Functional Film with Silicon-based MEMS in Ultrasonic Sensors
5.8 Revenue Shift and New Revenue Pockets for Players in MEMS Market
Figure 30 Revenue Shift in MEMS Market
5.9 Technology Analysis
5.9.1 Capacitive Micromachined Ultrasonic Transducers (CMUTs) and Piezoelectric Micromachined Ultrasonic Transducers (PMUTs)
5.9.2 Flexible RF MEMS
5.9.3 3D-Printed Microfluidic MEMS
5.9.4 MEMS Micromirrors
5.10 Porter's Five Forces Analysis
Table 2 Impact of Porter's Five Forces on MEMS Market
Figure 31 MEMS Market: Porter's Five Forces Analysis, 2022
5.10.1 Threat of New Entrants
5.10.2 Threat of Substitutes
5.10.3 Bargaining Power of Suppliers
5.10.4 Bargaining Power of Buyers
5.10.5 Intensity of Competitive Rivalry
5.11 Key Stakeholders and Buying Criteria
5.11.1 Key Stakeholders in Buying Process
Figure 32 Influence of Stakeholders on Buying Process for Top 3 Verticals
Table 3 Influence of Stakeholders on Buying Process for Top 3 Verticals (%)
5.11.2 Buying Criteria
Figure 33 Key Buying Criteria for Top 3 Verticals
Table 4 Key Buying Criteria for Top 3 Verticals
5.12 Case Study Analysis
5.12.1 Smaxtec Uses ST MEMS Accelerometer to Resolve Insemination Challenge
5.12.2 German Autolabs Uses MCU and ST MEMS Microphones Offered by STMicroelectronics to Design Interactive, Feature-Rich Personal Assistant
5.12.3 Trusted Positioning Uses MEMS IMU to Simplify Inertial Frame Alignment of Its Systems
5.13 Trade Analysis
5.13.1 Pressure Sensors
Figure 34 Export Data for HS Code 902690 of MEMS Market, by Key Country, 2017-2021 (USD Million)
Figure 35 Import Data for HS Code 902690 of MEMS Market, by Key Country, 2017-2021 (USD Million)
5.13.2 Microphone Sensors
Figure 36 Export Data for HS Code 851890 of MEMS Market, by Key Country, 2017-2021 (USD Million)
Figure 37 Import Data for HS Code 851890 of MEMS Market, by Key Country, 2017-2021 (USD Million)
5.14 Patent Analysis
Figure 38 Top Companies with Highest Number of Patent Applications
Figure 39 Number of Patents Granted Per Year, 2012-2021
Table 5 List of Top 20 Patent Owners in Last 10 Years
5.14.1 List of Major Patents
5.15 Key Conferences and Events, 2023
Table 6 MEMS Market: Detailed List of Conferences and Events
5.16 Regulatory Bodies, Government Agencies, and Other Organizations
5.16.1 Regulatory Bodies, Government Agencies, and Other Organizations Related to MEMS Market
Table 7 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
5.16.2 Standards and Regulations
5.16.2.1 North America
5.16.2.1.1 US
5.16.2.1.1.1 Semi MS12 - Specification for Silicon Substrates Used in Fabrication of MEMS Devices
5.16.2.1.1.2 Semi MS13 - Guide for Use of Test Patterns for Characterizing Deep Reactive Ion Etching (DRIE) Process
5.16.2.2 Europe
5.16.2.2.1 CSN EN 62047-4 Semiconductor Devices - Micro-Electro-Mechanical Devices - Part 4: Generic Specification for MEMS
5.16.2.2.1.1 CSN EN 62047-6 Semiconductor Devices - Micro-Electro-Mechanical Devices - Part 6: Axial Fatigue Testing Methods of Thin-Film Materials (IEC 62047-6:2009)
5.16.2.2.1.2 CSN EN 62047-5 Semiconductor Devices - Micro-Electro-Mechanical Devices - Part 5: RF MEMS Switches
5.16.2.2.1.3 BS IEC 62047-28:2017 Semiconductor Devices - Micro-Electro-Mechanical Devices - Performance Testing Method of Vibration-Driven MEMS Energy Harvesting Devices
5.16.2.2.1.4 BS IEC 62047-33:2019 Semiconductor Devices - Micro-Electro-Mechanical Devices MEMS Piezoresistive Pressure-Sensitive Device

6 MEMS Market, by Sensor Type
6.1 Introduction
Table 10 MEMS Market, by Sensor Type, 2019-2022 (USD Million)
Table 11 MEMS Market, by Sensor Type, 2023-2028 (USD Million)
Figure 40 Inertial Sensors to Hold Largest Share of MEMS Market, by Sensor Type, During Forecast Period
Table 12 MEMS Market, by Sensor Type, 2019-2022 (Million Units)
Table 13 MEMS Market, by Sensor Type, 2023-2028 (Million Units)
6.2 Inertial Sensors
6.2.1 Increasing Demand for MEMS in Automotive, Consumer Electronics, and Communications Applications
Table 14 Inertial Sensors: MEMS Market, by Type, 2019-2022 (USD Million)
Table 15 Inertial Sensors: MEMS Market, by Type, 2023-2028 (USD Million)
Figure 41 Combo Sensors to Record Highest CAGR in MEMS Market for Inertial Sensors During Forecast Period
Table 16 Inertial Sensors: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 17 Inertial Sensors: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.2.2 Accelerometers
6.2.2.1 Increasing Need for Vehicle Safety
Table 18 Accelerometers: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 19 Accelerometers: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.2.3 Gyroscopes
6.2.3.1 Rising Demand for Efficient Braking and Suspension Systems
Table 20 Gyroscopes: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 21 Gyroscopes: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.2.4 Magnetometers
6.2.4.1 Surging Use of Electronic Compass in Portable Consumer Electronic Devices
Table 22 Magnetometers: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 23 Magnetometers: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.2.5 Combo Sensors
6.2.5.1 Growing Adoption in High-End Smartphones and Tablets
Table 24 Combo Sensors: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 25 Combo Sensors: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.3 Pressure Sensors
6.3.1 Rising Opportunities for Providers of Invasive and Implantable Medical Devices
Table 26 Pressure Sensors: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 27 Pressure Sensors: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.4 Microphones
6.4.1 Rapid Advancements in MEMS Microphones Used in Automotive Applications
Table 28 Microphones: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 29 Microphones: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.5 Microspeakers
6.5.1 Growing Use of MEMS Microspeakers in Automated Production Lines
Table 30 Microspeakers: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 31 Microspeakers: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.6 Environmental Sensors
6.6.1 Surging Deployment in Smartphones, Wearable Equipment, and Smart Homes
Table 32 Environmental Sensors: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 33 Environmental Sensors: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.7 Optical Sensors
6.7.1 Increasing Deployment in Various Industrial and Research Applications
Table 34 Optical Sensors: MEMS Market, by Type, 2019-2022 (USD Million)
Table 35 Optical Sensors: MEMS Market, by Type, 2023-2028 (USD Million)
Figure 42 PIR & Thermopile Sensors to Witness Higher CAGR in MEMS Market for Optical Sensors During Forecast Period
Table 36 Optical Sensors: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 37 Optical Sensors: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.7.2 Microbolometers
6.7.2.1 Rising Applications Ranging from Night Vision to Medical Imaging Technologies
Table 38 Microbolometers: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 39 Microbolometers: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.7.3 PIR & Thermopiles
6.7.3.1 Growing Adoption in Applications Such as Remote Temperature Measurement, Spectroscopy, and Non-Dispersive Infrared Gas Detection
Table 40 PIR & Thermopiles: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 41 PIR & Thermopiles: MEMS Market, by Vertical, 2023-2028 (USD Million)
6.8 Others
Table 42 Others: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 43 Others: MEMS Market, by Vertical, 2023-2028 (USD Million)

7 MEMS Market, by Actuator Type
7.1 Introduction
Table 44 MEMS Market, by Actuator Type, 2019-2022 (USD Million)
Table 45 MEMS Market, by Actuator Type, 2023-2028 (USD Million)
Figure 43 RF to be Fastest-Growing Actuator Type in MEMS Market During Forecast Period
Table 46 MEMS Market, by Actuator Type, 2019-2022 (Million Units)
Table 47 MEMS Market, by Actuator Type, 2023-2028 (Million Units)
7.2 Optical
7.2.1 Increasing Demand for Optical MEMS in Portable Consumer Devices
Table 48 Optical: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 49 Optical: MEMS Market, by Vertical, 2023-2028 (USD Million)
7.3 Microfluidics
7.3.1 Surging Adoption in Diagnostics, Pharmaceutical, and Life Sciences Applications
Figure 44 Microfluidic MEMS Actuator Market for Healthcare Vertical, 2019-2028 (USD Million)
7.4 Inkjet Head
7.4.1 Growing Implementation in LCDs, Plasma Displays, and Biomedical Applications
Table 50 Inkjet Head: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 51 Inkjet Head: MEMS Market, by Vertical, 2023-2028 (USD Million)
7.5 RF
Table 52 RF: MEMS Market, by Type, 2019-2022 (USD Million)
Table 53 RF: MEMS Market, by Type, 2023-2028 (USD Million)
Figure 45 Oscillators to be Fastest-Growing Type of RF Actuator During Forecast Period
Table 54 RF: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 55 RF: MEMS Market, by Vertical, 2023-2028 (USD Million)
7.5.1 Switches
7.5.1.1 Rising Adoption of RF Switches in Mobile Applications
Table 56 Switches: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 57 Switches: MEMS Market, by Vertical, 2023-2028 (USD Million)
7.5.2 Filters
7.5.2.1 Advancements in Radio Technologies
Table 58 Filters: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 59 Filters: MEMS Market, by Vertical, 2023-2028 (USD Million)
7.5.3 Oscillators
7.5.3.1 Increasing Demand Owing to Smaller Size and Better Shock-Resistance Capacity
Table 60 Oscillators: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 61 Oscillators: MEMS Market, by Vertical, 2023-2028 (USD Million)

8 MEMS Market, by Vertical
8.1 Introduction
Table 62 MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 63 MEMS Market, by Vertical, 2023-2028 (USD Million)
Figure 46 Telecom to be Fastest-Growing Vertical in MEMS Market During Forecast Period
8.2 Automotive
8.2.1 Growing Use of Electronic Control Systems
Table 64 Automotive: MEMS Market, by Sensor Type, 2019-2022 (USD Million)
Table 65 Automotive: MEMS Market, by Sensor Type, 2023-2028 (USD Million)
Table 66 Automotive: MEMS Market, by Actuator Type, 2019-2022 (USD Million)
Table 67 Automotive: MEMS Market, by Actuator Type, 2023-2028 (USD Million)
Table 68 Automotive: MEMS Market, by Region, 2019-2022 (USD Million)
Table 69 Automotive: MEMS Market, by Region, 2023-2028 (USD Million)
8.3 Consumer Electronics
8.3.1 Emergence of Innovative Wearable Gadgets
Table 70 Consumer Electronics: MEMS Market, by Sensor Type, 2019-2022 (USD Million)
Table 71 Consumer Electronics: MEMS Market, by Sensor Type, 2023-2028 (USD Million)
Table 72 Consumer Electronics: MEMS Market, by Actuator Type, 2019-2022 (USD Million)
Table 73 Consumer Electronics: MEMS Market, by Actuator Type, 2023-2028 (USD Million)
Table 74 Consumer Electronics: MEMS Market, by Region, 2019-2022 (USD Million)
Table 75 Consumer Electronics: MEMS Market, by Region, 2023-2028 (USD Million)
Figure 47 Inertial Sensors to Hold Largest Share of MEMS Market for Consumer Electronics During Forecast Period
8.4 Defense
8.4.1 Integration of Smart Sensors in Military Devices Designed for Navigation and Satellite Antenna Positioning Applications
Table 76 Defense: MEMS Market, by Sensor Type, 2019-2022 (USD Million)
Table 77 Defense: MEMS Market, by Sensor Type, 2023-2028 (USD Million)
Table 78 Defense: MEMS Market, by Actuator Type, 2019-2022 (USD Million)
Table 79 Defense: MEMS Market, by Actuator Type, 2023-2028 (USD Million)
Table 80 Defense: MEMS Market, by Region, 2019-2022 (USD Million)
Table 81 Defense: MEMS Market, by Region, 2023-2028 (USD Million)
8.5 Aerospace
8.5.1 Tremendous Growth Opportunities for Electronic Component Manufacturers Focused on Commercial Aircraft Applications
Table 82 Aerospace: MEMS Market, by Sensor Type, 2019-2022 (USD Million)
Table 83 Aerospace: MEMS Market, by Sensor Type, 2023-2028 (USD Million)
Table 84 Aerospace: MEMS Market, by Actuator Type, 2019-2022 (USD Million)
Table 85 Aerospace: MEMS Market, by Actuator Type, 2023-2028 (USD Million)
Table 86 Aerospace: MEMS Market, by Region, 2019-2022 (USD Million)
Table 87 Aerospace: MEMS Market, by Region, 2023-2028 (USD Million)
8.6 Industrial
8.6.1 Rising Use of Automation Technology in Industrial Sector
Table 88 Industrial: MEMS Market, by Sensor Type, 2019-2022 (USD Million)
Table 89 Industrial: MEMS Market, by Sensor Type, 2023-2028 (USD Million)
Table 90 Industrial: MEMS Market, by Actuator Type, 2019-2022 (USD Million)
Table 91 Industrial: MEMS Market, by Actuator Type, 2023-2028 (USD Million)
Table 92 Industrial: MEMS Market, by Region, 2019-2022 (USD Million)
Table 93 Industrial: MEMS Market, by Region, 2023-2028 (USD Million)
Figure 48 Asia-Pacific to Hold Largest Share of MEMS Market for Industrial Vertical During Forecast Period
8.7 Healthcare
8.7.1 Recent MEMS Technology-Related Innovations in Surgical Tools
Table 94 Healthcare: MEMS Market, by Sensor Type, 2019-2022 (USD Million)
Table 95 Healthcare: MEMS Market, by Sensor Type, 2023-2028 (USD Million)
Table 96 Healthcare: MEMS Market, by Actuator Type, 2019-2022 (USD Million)
Table 97 Healthcare: MEMS Market, by Actuator Type, 2023-2028 (USD Million)
Table 98 Healthcare: MEMS Market, by Region, 2019-2022 (USD Million)
Table 99 Healthcare: MEMS Market, by Region, 2023-2028 (USD Million)
8.8 Telecom
8.8.1 Surging Demand for Broadband Internet Services
Table 100 Telecom: MEMS Market, by Actuator Type, 2019-2022 (USD Million)
Table 101 Telecom: MEMS Market, by Actuator Type, 2023-2028 (USD Million)
Table 102 Telecom: MEMS Market, by Region, 2019-2022 (USD Million)
Table 103 Telecom: MEMS Market, by Region, 2023-2028 (USD Million)
Figure 49 Optical Actuators to Witness Higher CAGR in MEMS Market for Telecom Vertical During Forecast Period

9 MEMS Market, by Region
9.1 Introduction
Figure 50 MEMS Market: Geographic Snapshot
Figure 51 MEMS Market: Regional Snapshot
Table 104 MEMS Market, by Region, 2019-2022 (USD Million)
Table 105 MEMS Market, by Region, 2023-2028 (USD Million)
9.2 North America
Figure 52 North America: MEMS Market Snapshot
Figure 53 US to Hold Largest Share of North American MEMS Market in 2028
Table 106 North America: MEMS Market, by Country, 2019-2022 (USD Million)
Table 107 North America: MEMS Market, by Country, 2023-2028 (USD Million)
9.2.1 US
9.2.1.1 Increasing Demand for Hybrid and Electric Cars
9.2.2 Canada
9.2.2.1 Surging Use of Tablets, Wearable Devices, Gaming Consoles, Speakers, and Routers
9.2.3 Mexico
9.2.3.1 Growing Demand for Smartphones
Table 108 North America: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 109 North America: MEMS Market, by Vertical, 2023-2028 (USD Million)
9.3 Europe
Figure 54 Europe: MEMS Market Snapshot
Figure 55 France to Record Highest CAGR in European MEMS Market During Forecast Period
Table 110 Europe: MEMS Market, by Country, 2019-2022 (USD Million)
Table 111 Europe: MEMS Market, by Country, 2023-2028 (USD Million)
9.3.1 Germany
9.3.1.1 Increasing Adoption of MEMS Technology in Automotive Industry
9.3.2 France
9.3.2.1 Growing Demand for Portable Electronic Products by Automobile Companies
9.3.3 UK
9.3.3.1 Thriving Market for Wearable Electronics and Connected Devices
9.3.4 Italy
9.3.4.1 Booming Consumer Electronics Sector
9.3.5 Rest of Europe
Table 112 Europe: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 113 Europe: MEMS Market, by Vertical, 2023-2028 (USD Million)
9.4 Asia-Pacific
Figure 56 Asia-Pacific: MEMS Market Snapshot
Figure 57 China to Hold Largest Market Share in Asia-Pacific During Forecast Period
Table 114 Asia-Pacific: MEMS Market, by Country, 2019-2022 (USD Million)
Table 115 Asia-Pacific: MEMS Market, by Country, 2023-2028 (USD Million)
9.4.1 China
9.4.1.1 Prominent Presence of MEMS Fabrication Equipment Suppliers
9.4.2 Japan
9.4.2.1 Presence of Manufacturers of Cars, Construction Vehicles, and Motorcycles
9.4.3 South Korea
9.4.3.1 Robust Presence of Major Consumer Electronic Companies
9.4.4 India
9.4.4.1 Ongoing Research Activities in MEMS Technology
9.4.5 Rest of Asia-Pacific
Table 116 Asia-Pacific: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 117 Asia-Pacific: MEMS Market, by Vertical, 2023-2028 (USD Million)
9.5 RoW
Figure 58 South America to Exhibit Higher CAGR in MEMS Market in RoW During Forecast Period
Table 118 RoW: MEMS Market, by Region, 2019-2022 (USD Million)
Table 119 RoW: MEMS Market, by Region, 2023-2028 (USD Million)
9.5.1 South America
9.5.1.1 Brazil to Dominate Market for Pcs, Smartphones, and Other Consumer Electronic Products
9.5.2 Middle East & Africa
9.5.2.1 Increased Demand for Fuel-Efficient and Safe Vehicles
Table 120 Middle East & Africa: MEMS Market, by Country, 2019-2022 (USD Million)
Table 121 Middle East & Africa: MEMS Market, by Country, 2023-2028 (USD Million)
Table 122 RoW: MEMS Market, by Vertical, 2019-2022 (USD Million)
Table 123 RoW: MEMS Market, by Vertical, 2023-2028 (USD Million)

10 Competitive Landscape
10.1 Introduction
10.2 Key Strategies Adopted by Major Players/Right to Win
10.3 Market Evaluation Framework
10.3.1 Product Portfolio
10.3.2 Regional Focus
10.3.3 Organic/Inorganic Strategies
10.4 Revenue Analysis of Top 5 Players, 2022
Figure 59 Revenue Analysis of Top 5 Players, 2022
Table 124 Share of Key Players in MEMS Market, 2022
10.5 Company Evaluation Quadrant, 2022
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
Figure 60 MEMS Market (Global): Company Evaluation Quadrant, 2022
10.6 Start-Ups/Small and Medium-Sized Enterprises (SMEs) Evaluation Quadrant, 2022
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
Figure 61 MEMS Market (Global): Start-Ups/Small and Medium-Sized Enterprises (SMEs) Evaluation Quadrant, 2022
10.7 MEMS Market: Competitive Benchmarking
Table 125 Company Sensor Type Footprint (12 Companies)
Table 126 Company Vertical Footprint (12 Companies)
Table 127 Company Regional Footprint (12 Companies)
Table 128 Company Footprint (10 Companies)
10.8 Competitive Benchmarking of Key Startups/SMEs
Table 129 MEMS Market: Detailed List of Key Start-Ups/SMEs
Table 130 MEMS Market: Competitive Benchmarking of Key Start-Ups/SMEs
10.9 Competitive Scenarios and Trends
10.9.1 Product Launches
Table 131 MEMS Market: Product Launches
10.9.2 Deals
Table 132 MEMS Market: Deals
10.9.3 Others
Table 133 MEMS Market: Others

11 Company Profiles
11.1 Introduction
11.2 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices, Weaknesses/Competitive Threats))*
11.2.1 Robert Bosch
Table 134 Robert Bosch: Company Overview
Figure 62 Robert Bosch: Company Snapshot
11.2.2 Broadcom
Table 135 Broadcom: Company Overview
Figure 63 Broadcom: Company Snapshot
11.2.3 Qorvo, Inc.
Table 136 Qorvo: Company Overview
Figure 64 Qorvo: Company Snapshot
11.2.4 STMicroelectronics
Table 137 STMicroelectronics: Company Overview
Figure 65 STMicroelectronics: Company Snapshot
11.2.5 Texas Instruments
Table 138 Texas Instruments: Company Overview
Figure 66 Texas Instruments: Company Snapshot
11.2.6 Goertek Microelectronics (GoerMicro)
Table 139 Goertek Microelectronics: Business Overview
11.2.7 Hewlett Packard
Table 140 Hewlett Packard: Company Overview
Figure 67 Hewlett Packard: Company Snapshot
11.2.8 TDK Corporation
Table 141 TDK Corporation: Company Overview
Figure 68 TDK Corporation: Company Snapshot
11.2.9 Knowles Electronics, LLC
Table 142 Knowles Electronics: Company Overview
Figure 69 Knowles Electronics: Company Snapshot
11.2.10 Infineon Technologies, Inc.
Table 143 Infineon Technologies: Company Overview
Figure 70 Infineon Technologies: Company Snapshot
11.2.11 Honeywell International
Table 144 Honeywell International: Company Overview
Figure 71 Honeywell International: Company Snapshot
11.2.12 Analog Devices
Table 145 Analog Devices: Business Overview
Figure 72 Analog Devices: Company Snapshot
11.3 Other Players
11.3.1 Canon Inc.
11.3.2 TE Connectivity
11.3.3 NXP Semiconductors
11.3.4 Panasonic Group
11.3.5 Asahi Kasei Microdevices Corporation
11.3.6 Murata Manufacturing Co. Ltd.
11.3.7 AAC Technologies
11.3.8 Amphenol Corporation
11.3.9 Sensata Technologies, Inc.
11.3.10 Melexis
11.3.11 Sitime Corporation
11.3.12 Alps Alpine Co. Ltd.
11.3.13 Collins Aerospace Systems
11.3.14 Teledyne Flir
11.3.15 Flusso Ltd.
11.3.16 Hanking Electronics (Liaoning) Co. Ltd.
11.3.17 Ultrasense Systems
11.3.18 uSound
11.3.19 8Power
11.3.20 Advanced Hall Sensor Limited
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices, Weaknesses/Competitive Threats) Might Not be Captured in Case of Unlisted Companies

12 Appendix
12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options

Executive Summary

Companies Mentioned

  • 8Power
  • AAC Technologies
  • Advanced Hall Sensor Limited
  • Alps Alpine Co. Ltd.
  • Amphenol Corporation
  • Analog Devices
  • Asahi Kasei Microdevices Corporation
  • Broadcom
  • Canon Inc.
  • Collins Aerospace Systems
  • Flusso Ltd.
  • Goertek Microelectronics (GoerMicro)
  • Hanking Electronics (Liaoning) Co. Ltd.
  • Hewlett Packard
  • Honeywell International
  • Infineon Technologies, Inc.
  • Knowles Electronics, LLC
  • Melexis
  • Murata Manufacturing Co. Ltd.
  • NXP Semiconductors
  • Panasonic Group
  • Qorvo, Inc.
  • Robert Bosch
  • Sensata Technologies, Inc.
  • Sitime Corporation
  • STMicroelectronics
  • TDK Corporation
  • TE Connectivity
  • Teledyne Flir
  • Texas Instruments
  • Ultrasense Systems
  • uSound

Methodology

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