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Global Microelectromechanical System (MEMS) Market Size by Type (Accelerometers, Gyroscopes, Digital E-compasses, Temperature Sensors), By Actuation Type (Thermal Actuation, Magnetic Actuation, Piezoelectric Actuation, Electrostatic Actuation), By End-User (Automotive, Consumer Electronics, Defense, Aerospace), By Geographic Scope and Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Microelectromechanical System (MEMS) Market Size by Type (Accelerometers, Gyroscopes, Digital E-compasses, Temperature Sensors), By Actuation Type (Thermal Actuation, Magnetic Actuation, Piezoelectric Actuation, Electrostatic Actuation), By End-User (Automotive, Consumer Electronics, Defense, Aerospace), By Geographic Scope and Forecast

Microelectromechanical System (MEMS) Market Size and Forecast

Microelectromechanical System (MEMS) Market size was valued at USD 90.03 Billion in 2024 and is projected to reach 190.82 USD Billion by 2031 growing at a CAGR of 10.86% from 2024 to 2031.

  • Micro-electromechanical System (MEMS) refers to the microchips that combine mechanical and electrical components on a small scale. They are employed in a variety of applications, including sensors, actuators and microphones, to provide precise measurements and control in small form factors.
  • Micro-electromechanical systems (MEMS) are used in a variety of applications, including sensors, actuators and resonators, due to their small size, low power consumption and precise mechanical functionality. They are used in a variety of applications, including medical equipment, consumer electronics and automotive systems.
  • Micro-electromechanical systems (MEMS) are positioned for substantial future use in industries such as healthcare (biosensors), automotive (pressure sensors) and consumer electronics (motion sensors). Their tiny size, low power consumption, and cost-effectiveness make them excellent for developing IoT, wearables, and autonomous systems.

Global Microelectromechanical System (MEMS) Market Dynamics

The key market dynamics that are shaping the global microelectromechanical system (MEMS) market include

Key Market Drivers

  • Miniaturization and Portability The MEMS industry is driven by the growing need for smaller, more portable electronic devices like as smartphones, wearables and tablets. MEMS sensors and actuators enable functions such as accelerometers, gyroscopes, microphones and pressure sensors in these small devices.
  • Advancements in Automotive Technology The rise of self-driving cars and advanced driver assistance systems (ADAS) rely significantly on MEMS sensors. These sensors provide crucial data for features such as airbag deployment, collision avoidance, and lane departure warning, driving the MEMS market in the automobile industry.
  • Expanding Applications in Healthcare MEMS technology is finding more applications in the healthcare field. Examples include microfluidics for lab-on-a-chip devices, biocompatible micro-pumps and miniaturized pressure sensors. This broadens the application spectrum of MEMS and fuels market growth.

Key Challenges

  • High Manufacturing Costs and ComplexityCreating and producing MEMS devices can be costly and time-consuming. The sophisticated fabrication techniques and specialized materials used result in significant upfront expenses. Furthermore, the lack of standardized fabrication procedures hampers mass production and drives up costs.
  • Shortage of Qualified Workers Designing and developing MEMS devices necessitates a highly qualified workforce with experience in microfabrication, micromachining, and microfluidics. The current talent pool in this specialized industry may be insufficient to meet the increasing demand for MEMS technology.
  • Integration and Reliability Concerns Integrating MEMS devices with current electronic systems can be difficult due to size and compatibility difficulties. Furthermore, assuring the long-term dependability and performance of these small mechanical components within complex systems is a substantial challenge.

Key Trends

  • Integration and Miniaturization MEMS components and microelectronics are increasingly being integrated on a single chip. This downsizing not only saves space, but it also boosts performance and lowers power usage. This development is especially important for applications in wearables and internet-of-things (IoT).
  • Advanced Materials and Fabrication Techniques Advances in materials science enable the development of MEMS with improved functionality and performance. Furthermore, new production processes, including as 3D printing, are being investigated to generate more complex and personalized MEMS structures.
  • Focus on Low-Power and Wireless Technologies As battery life becomes more important for portable devices and IoT applications, the demand for low-power MEMS sensors grows. Furthermore, there is an increasing emphasis on developing wireless MEMS devices for improved data transmission and decreased wiring complexity.

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Global Microelectromechanical System (MEMS) Market Regional Analysis

Here is a more detailed regional analysis of the global microelectromechanical system (MEMS) market

North America

  • According to Market Research, North America is expected to dominate the global micro-electromechanical system (MEMS) market.
  • North America leads the global MEMS (Micro-electromechanical Systems) market due to several factors.  It boasts a strong ecosystem of technological businesses, research institutions, and semiconductor manufacturers driving innovation in MEMS devices.
  • The region benefits from significant R&D investments, which drive continual breakthroughs in sensor technology, automotive applications and consumer electronics.
  • Furthermore, North America’s early adoption of MEMS in a variety of industries, including healthcare and aerospace, contributes to its dominant position.
  • The presence of important market participants, as well as supportive legislative frameworks, strengthens North America’s position as a global hub for MEMS development and commercialization.

Asia Pacific

  • According to Market Research, Asia Pacific is fastest growing region in global micro-electromechanical system (MEMS) market.
  • The Asia Pacific area is experiencing increasing smartphone adoption, which is driving demand for MEMS sensors used in mobile devices.
  • GSMA Intelligence predicts that unique mobile subscriber penetration in Asia Pacific will increase to 73% by 2025, up from 67% in 2020. The increase in smartphone users is pushing up demand for MEMS accelerometers, gyroscopes, and other sensors required for device functionality.
  • As consumers adopt mobile technology in a variety of industries such as communication, entertainment, and e-commerce, the demand for MEMS sensors is expected to rise further, highlighting Asia Pacific’s critical position in defining global smartphone and MEMS markets.

Global Microelectromechanical System (MEMS) MarketSegmentation Analysis

The Global Microelectromechanical System (MEMS) Market is segmented based on Type, Actuation Type, End-User and Geography.

 

Microelectromechanical System (MEMS) Market, By Type

  • Accelerometers
  • Gyroscopes
  • Digital E-compasses
  • Temperature Sensors
  • Pressure Sensors
  • Humidity Sensors
  • MEMS Microphones
  • Inertial Measurement Units (IMU)

Based on Type, the Global Micro-electromechanical System (MEMS) Market is separated into Accelerometers, Gyroscopes, Digital E-compasses, Temperature Sensors, Pressure Sensors, Humidity Sensors, MEMS Microphones, Inertial Measurement Units (IMU). Accelerometers and gyroscopes lead the global Micro-electromechanical Systems (MEMS) market because they are widely used in smartphones, car safety systems, and wearable gadgets. These sensors provide motion detection, orientation sensing, and stabilization, which are essential for applications ranging from navigation and gaming to vehicle stability control and health monitoring.

Microelectromechanical System (MEMS) Market, By Actuation Type

  • Thermal Actuation
  • Magnetic Actuation
  • Piezoelectric Actuation
  • Electrostatic Actuation
  • Chemical Actuation

Based on Actuation Type, Global Micro-electromechanical System (MEMS) Market is divided into Thermal Actuation, Magnetic Actuation, Piezoelectric Actuation, Electrostatic Actuation, Chemical Actuation. Electrostatic actuation dominates the global Micro-electromechanical Systems (MEMS) market because it is widely used in a variety of applications such as accelerometers, gyroscopes and micromirrors. It provides precise control and economical energy usage, making it ideal for devices that require quick response times and great dependability in areas such as consumer electronics and automobiles.

Microelectromechanical System (MEMS) Market, By End-User

  • Automotive
  • Consumer Electronics
  • Defense
  • Aerospace
  • Industrial
  • Healthcare
  • IT and Telecom

Based on End-User, Global Micro-electromechanical System (MEMS) Market is divided into Automotive, Consumer Electronics, Defense, Aerospace, Industrial, Healthcare, IT and Telecom. Consumer electronics now leads the global Micro-electromechanical Systems (MEMS) industry, thanks to increasing adoption in smartphones, wearables, and IoT devices. Automotive follows closely, propelled by the need for MEMS sensors in advanced driver assistance systems (ADAS) and vehicle connection. The aerospace and healthcare industries also make important contributions, using MEMS for precision and dependability in crucial applications.

Microelectromechanical System (MEMS) Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on the Geography, the Global Micro-electromechanical System (MEMS) Market divided into North America, Europe, Asia Pacific and Rest of the World. North America currently dominates the worldwide micro-electromechanical systems (MEMS) market, owing to rising technology adoption and a robust industrial base. Asia Pacific, on the other hand, is the fastest-growing area, driven by rising demand in a variety of industries such as consumer electronics and automobiles, as well as rapid technical breakthroughs and expanded production capacity.

Key Players

The Global Micro-Electromechanical System (MEMS) Market study report will provide valuable insight with an emphasis on the global market. The major players in the market are STMicroelectronics, Analog Devices, Inc., Robert Bosch GmbH, NXP Semiconductors, Panasonic Corporation, Honeywell International, Inc., Infineon Technologies AG, TE Connectivity, Omron Corporation, Murata Manufacturing Co. Ltd., Sensata Technologies, ROHM SEMICONDUCTOR.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Microelectromechanical System (MEMS) Market Recent Developments

  • In January 2023, TDK Corporation launched the InvenSense T5838 and T5837 MEMS microphones, together with the SmartSound One Development Platform. These MEMS microphones offer superior acoustic performance, power efficiency, and sophisticated features in a compact design. Package footprints. SmartSound One provides a solder-free, plug-and-play interface for testing and developing various microphone kinds and setups.
  • In January 2023, Knowles Corporation launched new SiSonic MEMS microphonesTitan (digital), Falcon (differential analog), and Robin (single ended analog). The new microphones offer superior performance for space-constrained ear and wearable applications, including True Wireless Stereo (TWS) earbuds, smartwatches, Augmented Reality (AR) glasses, and VR headsets.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

UNIT

Value in USD Billion

KEY COMPANIES PROFILED

STMicroelectronics, Analog Devices, Inc., Robert Bosch GmbH, NXP Semiconductors, Panasonic Corporation, Honeywell International, Inc., Infineon Technologies AG, TE Connectivity, Omron Corporation, Murata Manufacturing Co. Ltd., Sensata Technologies, ROHM SEMICONDUCTOR.

Segments Covered

By Product, By Actuator Type, By End-User, By Geography

Customization

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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