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2019
Microelectromechanical System (mems) Market

Microelectromechanical System (MEMS) Market by Type (Sensors, & Actuators), and Application (Consumer Electronics, Automotive, Industrial, Aerospace & Defense, Healthcare, and Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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A01606
Pages: 182
Oct 2019 | 22530 Views
Author(s) : Divyanshi Tewari , Supradip Baul
Tables: 53
Charts: 52
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Microelectromechanical System (MEMS) Market Outlook - 2026

The global microelectromechanical system market size was valued at $48.74 Billion in 2018, and is projected to reach $122.83 Billion by 2026, registering a CAGR of 11.30% from 2019 to 2026.

Microelectromechanical systems (MEMS) are micrometer-scale devices that integrate electrical and mechanical elements. The Micro-electromechanical systems (MEMS) technology includes very small, moving mechanical parts, and electrical components. This technology is used to fabricate sensors such as accelerometers, gyroscopes, digital compasses, inertial modules, pressure sensors, humidity sensors, and microphones.

Impending need of device miniaturization in various electronic devices such as smartphones, wearable devices, medical instruments, and other electronic devices fuel the growth of the MEMS market. The demand for these devices is on a continuous rise with the decline in average selling prices (ASPs) and increase in benefits of MEMS devices, such as low cost, less space consumption, and high accuracy. Moreover, these devices are small enough to be soldered directly onto the circuit boards, which reduces the cost of the technology.

Microelectromechanical System (MEMS) Market

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High adoption in smartphones, developments in the portable electronic market, increase in popularity of Internet of Things (IoT), and robust demand in the automation industry drive the growth of the overall microelectromechanical system (MEMS) industry. The sensor manufacturing companies use MEMS technology to fabricate a wide range of sensors, owing to its low power consumption, small size, and high precision. These manufacturers are developing new MEMS-based sensors for various applications to increase their market presence in distinctive areas as well as globally.

Factors such as growing demand for smart consumer electronics, emerging trends in automation industry, and increasing popularity of IoT in semiconductor boost the growth of the global microelectromechanical system market share. However, lack of standardized fabrication process for MEMS and incorporation of sensor in devices incurs extra value and reduces life of device. This hampers the market growth. Furthermore, emerging trends toward autonomous vehicles and increase in adoption of wearable devices and innovative application in biomedical sector are expected to offer lucrative opportunities for microelectromechanical system market expansion.

Segmentation

The global MEMS market share is analyzed by type, application, and region. Based on system type, the market is analyzed across sensors and actuators. The sensor type is further bifurcated into inertial sensors, pressure sensor, optical sensors, environment sensors, and ultrasonic sensors. Further, the actuators type is further sub-segmented into optical MEMS, microfluidics, RF MEMS, and others. On the basis of industry vertical, the market is divided into consumer electronics, automotive, industrial, aerospace & defense, healthcare and telecommunication. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. 

The key microelectromechanical system (MEMS) leaders profiled in the report include Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics N.V., Texas Instruments, Analog Devices Inc., Broadcom, Denso Corporation, HP Inc., NXP Semiconductors, and Knowles Corporation. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

Top Impacting Factors

The factors such as rise in demand for smart consumer electronics, development of trends in automotive industry, increase in popularity of IoT, lack of standardized fabrication process of MEMS, incorporation of sensors in devices incurs extra value and reduces life of device, and increase in adoption of wearable devices and innovative application in biomedical sector are expected to significantly affect the growth of the global MEMS market. These factors are anticipated to either drive or hamper the microelectromechanical system (MEMS) market growth.

Microelectromechanical System (MEMS) Market Top Impacting Factors

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Emerging trends in the automotive industry

Sensors have become an intrinsic part of the production process, as they help increase the efficiency and precision through automation. Sensors are used to keep a track of various parameters such as temperature, pressure, flow, level, and other parameters to control the whole process and ease it through robots. Smart MEMS sensors such as pressure sensors and sensors used in accelerometers are used in vehicles in the automobile industry to provide benefits such as safety and fuel efficiency. For instance, a smart sensor processes real-time data and notifies the engine-related problems. Moreover, these facilitate communication between engine, suspension, braking, and other controls of vehicles. Vehicle safety issues have led vehicle manufacturers to adopt smart sensors at a high rate, such as in airbags for safety. These air bags are more effective compared to the conventional air bags in sensing accidents, thus minimizing accidents and injuries sustained by the passengers. This factor is expected to drive the growth of global MEMS market size.

Lack of standardized fabrication process for MEMS

There is a drastic decrease in the standardization in MEMS technology over the years. MEMS fabrication is developed through IC fabrication. However, MEMS fabrication involves variety of materials ac against conventional IC fabrication techniques. MEMS fabrication techniques are more customized and diversified and are used in various applications. This diversification in fabrication process imposes difficulties in achieving standardization in its process. For instance, pressure sensor and inkjet nozzles are fabricated by bulk micromachining, and accelerometers are fabricated by surface micromachining. This fabrication process lacks standardized rules and mandates which is being followed in the semiconductor industry. Such factors hamper the market growth for microelectromechanical system market globally.

Emerging trends toward autonomous vehicle

The concept of driverless cars is based on the data collected by various MEMS sensors such as speed sensor, accelerometer, position sensor, proximity sensor, and others. This data is constantly collected and processed through a centralized control system, which controls the motion of car and the need for driver is eliminated. Companies such as Google and Tesla are investing heavily on R&D of these cars, and the technology is currently in testing phase. Positive results from tests are anticipated to drive the growth of the market in the future. For instance, in October 2016, Google tested its driverless car in the UK for a 1-km stretch, near a railway station, and a fleet of 40 such cars is anticipated to be available for public use by next year, thus fueling the demand for MEMS in the years to come, and offering lucrative opportunities for microelectromechanical system (MEMS) market globally.

Key Benefits for Stakeholders:

  • This study includes the analytical depiction of the global microelectromechanical system market size along with the current trends and future estimations to determine the imminent investment pockets.
  • The microelectromechanical system (MEMS) market size is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact on microelectromechanical system (MEMS) market analysis.
  • The current microelectromechanical system market forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the MEMS market.
  • The report includes the industrial hearables market share of key vendors and MEMS market trends.

Global Mems Market Segmentation:

By Type

  • Sensors
    • Inertial Sensors
    • Pressure Sensors
    • Optical Sensors
    • Environment Sensors
    • Ultrasonic Sensors
  • Actuators
    • Optical MEMS
    • Microfluidics
    • RF MEMS
    • Others (Microspeakers, Ultrasonic Finger Prints)

By Application

  • Consumer Electronics
  • Automotive
  • Industrial
  • Aerospace & Defense
  • Healthcare
  • Telecommunication
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

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Microelectromechanical systems (MEMS) are micrometer-scale devices that integrate electrical and mechanical elements. MEMS technology includes very small, moving mechanical parts, and the electrical components. This technology is used to fabricate sensors such as accelerometers, gyroscopes, digital compasses, inertial modules, pressure sensors, humidity sensors, and microphones.

Recent advances in ubiquitous computing, miniature as well as mobile devices have nurtured a vivid growth of wearable technologies. Wearable biosensor systems are an emerging trend and are expected to be revolutionary in many application areas, ranging from cardiovascular monitoring to battle field monitoring, and sports medicine. Furthermore, infrastructure systems such as smart grid, smart homes, smart water networks, and intelligent transportation connect our world through the concept of Internet of Things (IoT), where there is extensive use of sensors.

The U.S. is the fastest adopter of technology owing to which the growth of consumer electronics device, upcoming automobile technology such as electric & hybrid vehicles, healthcare monitoring systems, and others, is high. Increase in disposable income of the people in the U.S. drives the sale of sensors in this region. In addition, growth in the semiconductor industry, paired with the rise in trends of advanced devices among industries propel the growth of the U.S. MEMS market.

The key players profiled in the report include Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics N.V., Texas Instruments, Analog Devices Inc., Broadcom, Denso Corporation, HP Inc., NXP Semiconductors, and Knowles Corporation.

 

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