Micro-electromechanical System (MEMS) Market By MEMS-based Device (MEMS Sensors, MEMS Audio Devices, MEMS Switches, MEMS Actuators, MEMS Oscillators), By Application (Consumer Electronics, Automotive, Telecommunications, Industrial, Aerospace
The market for micro-electromechanical systems (MEMS) is expected to reach US$ 14.4 billion in 2022 and grow at a remarkable CAGR of 10.2%. (2022-2029). By 2029, it is expected that shipments of micro-electromechanical systems will total US$28.4 billion. 20% of the global semiconductor market is accounted for by sales of microelectromechanical systems. The growing emphasis on miniaturising consumer electronics and other devices is anticipated to have a significant impact on MEMS use.
Microelectromechanical Systems Demand Survey (2014–2021) Compared to Expected Statistics (2022 to 2029)
Recent years have seen a marked acceleration in technological development, which has had a considerable impact on demand for several semiconductor components. From 2014 to 2021, shipments of MEMS increased at a CAGR of 7.5%.
Surge in demand and shortage of supply has encouraged micro-electromechanical system manufacturers to invest in expanding their production capabilities to fulfil the demand-supply gap.
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What is the most lucrative regional market for suppliers of micro-electromechanical systems?
Increasing Demand for Micro-Electromechanical Devices in South Asia In this research report, FMI examines the MEMS market’s demand in regions including North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).
Over the projected period, it is expected that the North American MEMS market would account for a sizeable portion of the worldwide MEMS market. Micro-electromechanical device sales in this region are predicted to be heavily influenced by demand from the aerospace and defence and automotive industries.
Competitive Landscape
MEMS companies are investing in the research and development of innovative offerings for multiple verticals like automotive and aerospace.
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Key Segments of Micro-electromechanical System (MEMS) Industry Survey
Micro-electromechanical System (MEMS) Market by MEMS-based Devices:
Micro-electromechanical System (MEMS) Market by Application:
Micro-electromechanical System (MEMS) Market by Region:
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Demand Side Trends
1.4. Supply Side Trends
1.5. Analysis & Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Success Factors
3.1. Product Adoption / Usage Analysis
3.2. Product USPs / Features
3.3. Strategic Promotional Strategies
4. Market Structure Analysis
4.1. Market Analysis by Tier of Companies
4.2. Market Concentration
4.3. Market Share Analysis of Top Players
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Mar 22, 2023