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

Abstract
The 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 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.

Content
Table of Contents

1INTRODUCTION29
1.1STUDY OBJECTIVES29
1.2MARKET DEFINITION29
1.3INCLUSIONS AND EXCLUSIONS30
1.4STUDY SCOPE30
1.4.1MARKETS COVERED30
FIGURE 1MEMS MARKET SEGMENTATION30
1.4.2REGIONAL SCOPE31
FIGURE 2MEMS MARKET, BY REGION31
1.4.3YEARS CONSIDERED31
1.5CURRENCY CONSIDERED32
1.6LIMITATIONS32
1.7STAKEHOLDERS32
1.8SUMMARY OF CHANGES33
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 3MEMS MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION34
FIGURE 4MEMS MARKET: RESEARCH DESIGN35
2.2SECONDARY AND PRIMARY RESEARCH35
FIGURE 5MEMS MARKET: RESEARCH APPROACH36
2.2.1SECONDARY DATA37
2.2.1.1Major secondary sources37
2.2.1.2Key data from secondary sources38
2.2.2PRIMARY DATA38
2.2.2.1Primary interviews with experts38
2.2.2.2Breakdown of primaries39
2.2.2.3Key data from primary sources39
2.2.2.4Key industry insights40
2.3MARKET SIZE ESTIMATION40
2.3.1BOTTOM-UP APPROACH41
2.3.1.1Approach to estimate market size by bottom-up analysis (demand side)41
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH41
2.3.2TOP-DOWN APPROACH42
2.3.2.1Approach to estimate market size by top-down analysis (supply side)42
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH42
FIGURE 8METHODOLOGY TO ESTIMATE MEMS MARKET SIZE USING SUPPLY-SIDE ANALYSIS43
2.4MARKET BREAKDOWN AND DATA TRIANGULATION44
FIGURE 9MEMS MARKET: DATA TRIANGULATION44
2.5RESEARCH ASSUMPTIONS AND LIMITATIONS45
2.5.1RESEARCH ASSUMPTIONS45
FIGURE 10ASSUMPTIONS FOR RESEARCH45
2.5.2RESEARCH LIMITATIONS45
2.6RISK ASSESSMENT46
FIGURE 11RISK ASSESSMENT46
3EXECUTIVE SUMMARY47
FIGURE 12INERTIAL SENSORS HELD LARGEST SHARE OF MEMS MARKET IN 202248
FIGURE 13RF ACTUATORS TO HOLD MAJOR SHARE OF MEMS MARKET THROUGHOUT FORECAST PERIOD49
FIGURE 14CONSUMER ELECTRONICS, AUTOMOTIVE, INDUSTRIAL, AND HEALTHCARE CONSIDERED TO BE MOST PROMISING VERTICALS IN MEMS MARKET49
FIGURE 15ASIA PACIFIC TO BE FASTEST-GROWING REGION IN MEMS MARKET DURING FORECAST PERIOD50
4PREMIUM INSIGHTS52
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MEMS MARKET52
FIGURE 16INCREASING DEMAND FOR MEMS FROM CONSUMER ELECTRONICS VERTICAL TO BOOST MARKET GROWTH52
4.2MEMS MARKET, BY SENSOR TYPE52
FIGURE 17MICROSPEAKERS TO REGISTER HIGHEST CAGR IN MEMS MARKET DURING FORECAST PERIOD52
4.3MEMS MARKET, BY ACTUATOR TYPE53
FIGURE 18RF ACTUATORS TO HOLD LARGEST SIZE IN 202853
4.4MEMS MARKET, BY VERTICAL53
FIGURE 19CONSUMER ELECTRONICS TO ACCOUNT FOR LARGEST SHARE OF MEMS MARKET IN 202353
4.5MEMS MARKET, BY SENSOR TYPE AND ACTUATOR TYPE54
FIGURE 20BY VOLUME, SENSORS TO ACCOUNT FOR LARGER SHARE OF MEMS MARKET, DURING FORECAST PERIOD54
4.6MEMS MARKET, BY COUNTRY54
FIGURE 21INDIA TO REGISTER HIGHEST CAGR IN GLOBAL MEMS MARKET DURING FORECAST PERIOD54
5MARKET OVERVIEW55
5.1INTRODUCTION55
5.2MEMS MARKET EVOLUTION55
5.3MARKET DYNAMICS57
FIGURE 22MEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES57
5.3.1DRIVERS57
FIGURE 23MEMS MARKET: ANALYSIS OF IMPACT OF DRIVERS57
5.3.1.1Growing use of RF MEMS technology in consumer electronics and LTE networks58
5.3.1.2Increasing demand for IoT devices by manufacturing firms58
5.3.1.3Rising demand for consumer electronics58
5.3.2RESTRAINTS59
FIGURE 24MEMS MARKET: ANALYSIS OF IMPACT OF RESTRAINTS59
5.3.2.1High production and testing costs of MEMS devices59
5.3.2.2Lack of standardized fabrication processes for MEMS60
5.3.3OPPORTUNITIES60
FIGURE 25MEMS MARKET: ANALYSIS OF IMPACT OF OPPORTUNITIES60
5.3.3.1Advancements in sensor fusion technology60
5.3.3.2Widening application scope of MEMS technology61
5.3.4CHALLENGES61
FIGURE 26MEMS MARKET: ANALYSIS OF IMPACT OF CHALLENGES61
5.3.4.1Supply chain disruptions62
5.3.4.2Complexities associated with miniaturization of MEMS devices62
5.4VALUE CHAIN ANALYSIS62
FIGURE 27MEMS MARKET: VALUE CHAIN ANALYSIS63
5.5ECOSYSTEM ANALYSIS64
FIGURE 28MEMS MARKET: ECOSYSTEM ANALYSIS64
TABLE 1COMPANIES AND ROLES IN MEMS ECOSYSTEM64
5.6PRICING ANALYSIS66
FIGURE 29AVERAGE SELLING PRICE OF MEMS OFFERED BY KEY PLAYERS, BY SENSOR TYPE (USD)66
5.6.1AVERAGE SELLING PRICE TREND FOR ACCELEROMETERS66
5.6.2AVERAGE SELLING PRICE TREND FOR TEMPERATURE SENSORS66
5.6.3AVERAGE SELLING PRICE TREND FOR PRESSURE SENSORS67
5.7PRODUCT TREND ANALYSIS67
5.7.1ULTRA-LOW-POWER HALL SWITCH SENSORS67
5.7.2MEMS-BASED 3D VISION SCANNERS67
5.7.3HIGH-PERFORMANCE ANGULAR RATE SENSORS (GYROMETERS)67
5.7.4INTELLIGENT DIGITAL GAS MASS FLOW METERS68
5.7.4.1Use of piezoelectric film as functional film with silicon-based MEMS in ultrasonic sensors68
5.8REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN MEMS MARKET68
FIGURE 30REVENUE SHIFT IN MEMS MARKET68
5.9TECHNOLOGY ANALYSIS69
5.9.1CAPACITIVE MICROMACHINED ULTRASONIC TRANSDUCERS (CMUTS) AND PIEZOELECTRIC MICROMACHINED ULTRASONIC TRANSDUCERS (PMUTS)69
5.9.2FLEXIBLE RF MEMS69
5.9.33D-PRINTED MICROFLUIDIC MEMS69
5.9.4MEMS MICROMIRRORS70
 
5.10PORTER’S FIVE FORCES ANALYSIS70
TABLE 2IMPACT OF PORTER’S FIVE FORCES ON MEMS MARKET70
FIGURE 31MEMS MARKET: PORTER’S FIVE FORCES ANALYSIS, 202271
5.10.1THREAT OF NEW ENTRANTS71
5.10.2THREAT OF SUBSTITUTES71
5.10.3BARGAINING POWER OF SUPPLIERS72
5.10.4BARGAINING POWER OF BUYERS72
5.10.5INTENSITY OF COMPETITIVE RIVALRY72
5.11KEY STAKEHOLDERS AND BUYING CRITERIA72
5.11.1KEY STAKEHOLDERS IN BUYING PROCESS72
FIGURE 32INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS72
TABLE 3INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)73
5.11.2BUYING CRITERIA73
FIGURE 33KEY BUYING CRITERIA FOR TOP 3 VERTICALS73
TABLE 4KEY BUYING CRITERIA FOR TOP 3 VERTICALS74
5.12CASE STUDY ANALYSIS74
5.12.1SMAXTEC USES ST MEMS ACCELEROMETER TO RESOLVE INSEMINATION CHALLENGE74
5.12.2GERMAN AUTOLABS USES MCU AND ST MEMS MICROPHONES OFFERED BY STMICROELECTRONICS TO DESIGN INTERACTIVE, FEATURE-RICH PERSONAL ASSISTANT75
5.12.3TRUSTED POSITIONING USES MEMS IMU TO SIMPLIFY INERTIAL FRAME ALIGNMENT OF ITS SYSTEMS75
5.13TRADE ANALYSIS76
5.13.1PRESSURE SENSORS76
FIGURE 34EXPORT DATA FOR HS CODE 902690 OF MEMS MARKET, BY KEY COUNTRY, 2017–2021 (USD MILLION)76
FIGURE 35IMPORT DATA FOR HS CODE 902690 OF MEMS MARKET, BY KEY COUNTRY, 2017–2021 (USD MILLION)77
5.13.2MICROPHONE SENSORS78
FIGURE 36EXPORT DATA FOR HS CODE 851890 OF MEMS MARKET, BY KEY COUNTRY, 2017–2021 (USD MILLION)78
FIGURE 37IMPORT DATA FOR HS CODE 851890 OF MEMS MARKET, BY KEY COUNTRY, 2017–2021 (USD MILLION)79
5.14PATENT ANALYSIS80
FIGURE 38TOP COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS80
FIGURE 39NUMBER OF PATENTS GRANTED PER YEAR, 2012–202180
TABLE 5LIST OF TOP 20 PATENT OWNERS IN LAST 10 YEARS81
5.14.1LIST OF MAJOR PATENTS82
5.15KEY CONFERENCES AND EVENTS, 202385
TABLE 6MEMS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS85
 
5.16REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS87
5.16.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO MEMS MARKET87
TABLE 7NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS87
TABLE 8EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS87
TABLE 9ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS88
5.16.2STANDARDS AND REGULATIONS89
5.16.2.1North America89
5.16.2.1.1US89
5.16.2.1.1.1SEMI MS12 - Specification for silicon substrates used in fabrication of MEMS devices89
5.16.2.1.1.2SEMI MS13 - Guide for use of test patterns for characterizing deep reactive ion etching (DRIE) process89
5.16.2.2Europe89
5.16.2.2.1CSN EN 62047-4 Semiconductor devices - Micro-electro-mechanical devices - Part 4: Generic specification for MEMS89
5.16.2.2.1.1CSN EN 62047-6 Semiconductor devices - Micro-electro-mechanical devices - Part 6: Axial Fatigue Testing Methods Of Thin-Film Materials (IEC 62047-6:2009)90
5.16.2.2.1.2CSN EN 62047-5 Semiconductor devices - Micro-electro-mechanical devices - Part 5: RF MEMS switches90
5.16.2.2.1.3BS IEC 62047-28:2017 Semiconductor devices - Micro-electro-mechanical devices - Performance testing method of vibration-driven MEMS energy harvesting devices90
5.16.2.2.1.4BS IEC 62047-33:2019 Semiconductor devices - Micro-electro-mechanical devices MEMS piezoresistive pressure-sensitive device91
6MEMS MARKET, BY SENSOR TYPE92
6.1INTRODUCTION93
TABLE 10MEMS MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)93
TABLE 11MEMS MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)93
FIGURE 40INERTIAL SENSORS TO HOLD LARGEST SHARE OF MEMS MARKET,
BY SENSOR TYPE, DURING FORECAST PERIOD94
TABLE 12MEMS MARKET, BY SENSOR TYPE, 2019–2022 (MILLION UNITS)94
TABLE 13MEMS MARKET, BY SENSOR TYPE, 2023–2028 (MILLION UNITS)95
6.2INERTIAL SENSORS95
6.2.1INCREASING DEMAND FOR MEMS IN AUTOMOTIVE, CONSUMER ELECTRONICS, AND COMMUNICATIONS APPLICATIONS95
TABLE 14INERTIAL SENSORS: MEMS MARKET, BY TYPE, 2019–2022 (USD MILLION)96
TABLE 15INERTIAL SENSORS: MEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)96
FIGURE 41COMBO SENSORS TO RECORD HIGHEST CAGR IN MEMS MARKET FOR INERTIAL SENSORS DURING FORECAST PERIOD96
TABLE 16INERTIAL SENSORS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)97
TABLE 17INERTIAL SENSORS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)97
6.2.2ACCELEROMETERS97
6.2.2.1Increasing need for vehicle safety97
TABLE 18ACCELEROMETERS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)98
TABLE 19ACCELEROMETERS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)98
6.2.3GYROSCOPES99
6.2.3.1Rising demand for efficient braking and suspension systems99
TABLE 20GYROSCOPES: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)99
TABLE 21GYROSCOPES: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)99
6.2.4MAGNETOMETERS100
6.2.4.1Surging use of electronic compass in portable consumer electronic devices100
TABLE 22MAGNETOMETERS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)100
TABLE 23MAGNETOMETERS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)100
6.2.5COMBO SENSORS101
6.2.5.1Growing adoption in high-end smartphones and tablets101
TABLE 24COMBO SENSORS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)101
TABLE 25COMBO SENSORS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)101
6.3PRESSURE SENSORS102
6.3.1RISING OPPORTUNITIES FOR PROVIDERS OF INVASIVE AND IMPLANTABLE MEDICAL DEVICES102
TABLE 26PRESSURE SENSORS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)102
TABLE 27PRESSURE SENSORS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)103
6.4MICROPHONES103
6.4.1RAPID ADVANCEMENTS IN MEMS MICROPHONES USED IN AUTOMOTIVE APPLICATIONS103
TABLE 28MICROPHONES: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)104
TABLE 29MICROPHONES: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)104
6.5MICROSPEAKERS104
6.5.1GROWING USE OF MEMS MICROSPEAKERS IN AUTOMATED PRODUCTION LINES104
TABLE 30MICROSPEAKERS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)105
TABLE 31MICROSPEAKERS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)105
 
6.6ENVIRONMENTAL SENSORS105
6.6.1SURGING DEPLOYMENT IN SMARTPHONES, WEARABLE EQUIPMENT, AND SMART HOMES105
TABLE 32ENVIRONMENTAL SENSORS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)106
TABLE 33ENVIRONMENTAL SENSORS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)106
6.7OPTICAL SENSORS106
6.7.1INCREASING DEPLOYMENT IN VARIOUS INDUSTRIAL AND RESEARCH APPLICATIONS106
TABLE 34OPTICAL SENSORS: MEMS MARKET, BY TYPE, 2019–2022 (USD MILLION)107
TABLE 35OPTICAL SENSORS: MEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)107
FIGURE 42PIR & THERMOPILE SENSORS TO WITNESS HIGHER CAGR IN MEMS MARKET FOR OPTICAL SENSORS DURING FORECAST PERIOD107
TABLE 36OPTICAL SENSORS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)107
TABLE 37OPTICAL SENSORS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)108
6.7.2MICROBOLOMETERS108
6.7.2.1Rising applications ranging from night vision to medical imaging technologies108
TABLE 38MICROBOLOMETERS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)108
TABLE 39MICROBOLOMETERS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)109
6.7.3PIR & THERMOPILES109
6.7.3.1Growing adoption in applications such as remote temperature measurement, spectroscopy, and non-dispersive infrared gas detection109
TABLE 40PIR & THERMOPILES: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)109
TABLE 41PIR & THERMOPILES: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)110
6.8OTHERS110
TABLE 42OTHERS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)110
TABLE 43OTHERS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)111
7MEMS MARKET, BY ACTUATOR TYPE112
7.1INTRODUCTION113
TABLE 44MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (USD MILLION)113
TABLE 45MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (USD MILLION)113
FIGURE 43RF TO BE FASTEST-GROWING ACTUATOR TYPE IN MEMS MARKET DURING FORECAST PERIOD114
TABLE 46MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (MILLION UNITS)114
TABLE 47MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (MILLION UNITS)114
7.2OPTICAL115
7.2.1INCREASING DEMAND FOR OPTICAL MEMS IN PORTABLE CONSUMER DEVICES115
TABLE 48OPTICAL: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)115
TABLE 49OPTICAL: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)116
7.3MICROFLUIDICS116
7.3.1SURGING ADOPTION IN DIAGNOSTICS, PHARMACEUTICAL, AND LIFE SCIENCES APPLICATIONS116
FIGURE 44MICROFLUIDIC MEMS ACTUATOR MARKET FOR HEALTHCARE VERTICAL, 2019–2028 (USD MILLION)117
7.4INKJET HEAD117
7.4.1GROWING IMPLEMENTATION IN LCDS, PLASMA DISPLAYS, AND BIOMEDICAL APPLICATIONS117
TABLE 50INKJET HEAD: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)117
TABLE 51INKJET HEAD: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)117
7.5RF118
TABLE 52RF: MEMS MARKET, BY TYPE, 2019–2022 (USD MILLION)118
TABLE 53RF: MEMS MARKET, BY TYPE, 2023–2028 (USD MILLION)118
FIGURE 45OSCILLATORS TO BE FASTEST-GROWING TYPE OF RF ACTUATOR DURING FORECAST PERIOD119
TABLE 54RF: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)119
TABLE 55RF: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)119
7.5.1SWITCHES120
7.5.1.1Rising adoption of RF switches in mobile applications120
TABLE 56SWITCHES: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)120
TABLE 57SWITCHES: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)120
7.5.2FILTERS121
7.5.2.1Advancements in radio technologies121
TABLE 58FILTERS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)121
TABLE 59FILTERS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)121
7.5.3OSCILLATORS122
7.5.3.1Increasing demand owing to smaller size and better shock-resistance capacity122
TABLE 60OSCILLATORS: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)122
TABLE 61OSCILLATORS: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)122
8MEMS MARKET, BY VERTICAL123
8.1INTRODUCTION124
TABLE 62MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)124
TABLE 63MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)124
FIGURE 46TELECOM TO BE FASTEST-GROWING VERTICAL IN MEMS MARKET DURING FORECAST PERIOD125
8.2AUTOMOTIVE125
8.2.1GROWING USE OF ELECTRONIC CONTROL SYSTEMS125
TABLE 64AUTOMOTIVE: MEMS MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)126
TABLE 65AUTOMOTIVE: MEMS MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)127
TABLE 66AUTOMOTIVE: MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (USD MILLION)127
TABLE 67AUTOMOTIVE: MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (USD MILLION)127
TABLE 68AUTOMOTIVE: MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)128
TABLE 69AUTOMOTIVE: MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)128
8.3CONSUMER ELECTRONICS128
8.3.1EMERGENCE OF INNOVATIVE WEARABLE GADGETS128
TABLE 70CONSUMER ELECTRONICS: MEMS MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)129
TABLE 71CONSUMER ELECTRONICS: MEMS MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)130
TABLE 72CONSUMER ELECTRONICS: MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (USD MILLION)130
TABLE 73CONSUMER ELECTRONICS: MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (USD MILLION)130
TABLE 74CONSUMER ELECTRONICS: MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)131
TABLE 75CONSUMER ELECTRONICS: MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)131
FIGURE 47INERTIAL SENSORS TO HOLD LARGEST SHARE OF MEMS MARKET FOR CONSUMER ELECTRONICS DURING FORECAST PERIOD132
8.4DEFENSE132
8.4.1INTEGRATION OF SMART SENSORS IN MILITARY DEVICES DESIGNED FOR NAVIGATION AND SATELLITE ANTENNA POSITIONING APPLICATIONS132
TABLE 76DEFENSE: MEMS MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)133
TABLE 77DEFENSE: MEMS MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)133
TABLE 78DEFENSE: MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (USD MILLION)133
TABLE 79DEFENSE: MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (USD MILLION)134
TABLE 80DEFENSE: MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)134
TABLE 81DEFENSE: MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)134
8.5AEROSPACE135
8.5.1TREMENDOUS GROWTH OPPORTUNITIES FOR ELECTRONIC COMPONENT MANUFACTURERS FOCUSED ON COMMERCIAL AIRCRAFT APPLICATIONS135
TABLE 82AEROSPACE: MEMS MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)135
TABLE 83AEROSPACE: MEMS MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)136
TABLE 84AEROSPACE: MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (USD MILLION)136
TABLE 85AEROSPACE: MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (USD MILLION)136
TABLE 86AEROSPACE: MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)137
TABLE 87AEROSPACE: MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)137
8.6INDUSTRIAL137
8.6.1RISING USE OF AUTOMATION TECHNOLOGY IN INDUSTRIAL SECTOR137
TABLE 88INDUSTRIAL: MEMS MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)138
TABLE 89INDUSTRIAL: MEMS MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)138
TABLE 90INDUSTRIAL: MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (USD MILLION)139
TABLE 91INDUSTRIAL: MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (USD MILLION)139
TABLE 92INDUSTRIAL: MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)139
TABLE 93INDUSTRIAL: MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)140
FIGURE 48ASIA PACIFIC TO HOLD LARGEST SHARE OF MEMS MARKET FOR INDUSTRIAL VERTICAL DURING FORECAST PERIOD140
8.7HEALTHCARE141
8.7.1RECENT MEMS TECHNOLOGY-RELATED INNOVATIONS IN SURGICAL TOOLS141
TABLE 94HEALTHCARE: MEMS MARKET, BY SENSOR TYPE, 2019–2022 (USD MILLION)141
TABLE 95HEALTHCARE: MEMS MARKET, BY SENSOR TYPE, 2023–2028 (USD MILLION)141
TABLE 96HEALTHCARE: MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (USD MILLION)142
TABLE 97HEALTHCARE: MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (USD MILLION)142
TABLE 98HEALTHCARE: MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)142
TABLE 99HEALTHCARE: MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)143
8.8TELECOM143
8.8.1SURGING DEMAND FOR BROADBAND INTERNET SERVICES143
TABLE 100TELECOM: MEMS MARKET, BY ACTUATOR TYPE, 2019–2022 (USD MILLION)143
TABLE 101TELECOM: MEMS MARKET, BY ACTUATOR TYPE, 2023–2028 (USD MILLION)144
TABLE 102TELECOM: MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)144
TABLE 103TELECOM: MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)144
FIGURE 49OPTICAL ACTUATORS TO WITNESS HIGHER CAGR IN MEMS MARKET FOR TELECOM VERTICAL DURING FORECAST PERIOD145
9MEMS MARKET, BY REGION146
9.1INTRODUCTION147
FIGURE 50MEMS MARKET: GEOGRAPHIC SNAPSHOT147
FIGURE 51MEMS MARKET: REGIONAL SNAPSHOT147
TABLE 104MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)148
TABLE 105MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)148
9.2NORTH AMERICA149
FIGURE 52NORTH AMERICA: MEMS MARKET SNAPSHOT149
FIGURE 53US TO HOLD LARGEST SHARE OF NORTH AMERICAN MEMS MARKET IN 2028150
TABLE 106NORTH AMERICA: MEMS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)150
TABLE 107NORTH AMERICA: MEMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)150
9.2.1US151
9.2.1.1Increasing demand for hybrid and electric cars151
9.2.2CANADA152
9.2.2.1Surging use of tablets, wearable devices, gaming consoles, speakers, and routers152
9.2.3MEXICO152
9.2.3.1Growing demand for smartphones152
TABLE 108NORTH AMERICA: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)153
TABLE 109NORTH AMERICA: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)153
9.3EUROPE154
FIGURE 54EUROPE: MEMS MARKET SNAPSHOT154
FIGURE 55FRANCE TO RECORD HIGHEST CAGR IN EUROPEAN MEMS MARKET DURING FORECAST PERIOD155
TABLE 110EUROPE: MEMS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)156
TABLE 111EUROPE: MEMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)156
9.3.1GERMANY156
9.3.1.1Increasing adoption of MEMS technology in automotive industry156
9.3.2FRANCE157
9.3.2.1Growing demand for portable electronic products by automobile companies157
9.3.3UK158
9.3.3.1Thriving market for wearable electronics and connected devices158
9.3.4ITALY158
9.3.4.1Booming consumer electronics sector158
9.3.5REST OF EUROPE159
TABLE 112EUROPE: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)159
TABLE 113EUROPE: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)159
9.4ASIA PACIFIC160
FIGURE 56ASIA PACIFIC: MEMS MARKET SNAPSHOT160
FIGURE 57CHINA TO HOLD LARGEST MARKET SHARE IN ASIA PACIFIC DURING FORECAST PERIOD161
TABLE 114ASIA PACIFIC: MEMS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)161
TABLE 115ASIA PACIFIC: MEMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)161
9.4.1CHINA162
9.4.1.1Prominent presence of MEMS fabrication equipment suppliers162
9.4.2JAPAN162
9.4.2.1Presence of manufacturers of cars, construction vehicles, and motorcycles162
9.4.3SOUTH KOREA163
9.4.3.1Robust presence of major consumer electronic companies163
9.4.4INDIA163
9.4.4.1Ongoing research activities in MEMS technology163
9.4.5REST OF ASIA PACIFIC164
TABLE 116ASIA PACIFIC: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)165
TABLE 117ASIA PACIFIC: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)165
9.5ROW165
FIGURE 58SOUTH AMERICA TO EXHIBIT HIGHER CAGR IN MEMS MARKET IN ROW DURING FORECAST PERIOD166
TABLE 118ROW: MEMS MARKET, BY REGION, 2019–2022 (USD MILLION)166
TABLE 119ROW: MEMS MARKET, BY REGION, 2023–2028 (USD MILLION)166
9.5.1SOUTH AMERICA167
9.5.1.1Brazil to dominate market for PCs, smartphones, and other consumer electronic products167
9.5.2MIDDLE EAST & AFRICA167
9.5.2.1Increased demand for fuel-efficient and safe vehicles167
TABLE 120MIDDLE EAST & AFRICA: MEMS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)168
TABLE 121MIDDLE EAST & AFRICA: MEMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)168
TABLE 122ROW: MEMS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)168
TABLE 123ROW: MEMS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)169
10COMPETITIVE LANDSCAPE170
10.1INTRODUCTION170
10.2KEY STRATEGIES ADOPTED BY MAJOR PLAYERS/RIGHT TO WIN170
10.3MARKET EVALUATION FRAMEWORK170
10.3.1PRODUCT PORTFOLIO172
10.3.2REGIONAL FOCUS172
10.3.3ORGANIC/INORGANIC STRATEGIES172
10.4REVENUE ANALYSIS OF TOP 5 PLAYERS, 2022172
FIGURE 59REVENUE ANALYSIS OF TOP 5 PLAYERS, 2022172
TABLE 124SHARE OF KEY PLAYERS IN MEMS MARKET, 2022173
10.5COMPANY EVALUATION QUADRANT, 2022175
10.5.1STARS175
10.5.2EMERGING LEADERS175
10.5.3PERVASIVE PLAYERS175
10.5.4PARTICIPANTS175
FIGURE 60MEMS MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022176
10.6START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022177
10.6.1PROGRESSIVE COMPANIES177
10.6.2RESPONSIVE COMPANIES177
10.6.3DYNAMIC COMPANIES177
10.6.4STARTING BLOCKS177
FIGURE 61MEMS MARKET (GLOBAL): START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022178
10.7MEMS MARKET: COMPETITIVE BENCHMARKING179
TABLE 125COMPANY SENSOR TYPE FOOTPRINT (12 COMPANIES)179
TABLE 126COMPANY VERTICAL FOOTPRINT (12 COMPANIES)180
TABLE 127COMPANY REGIONAL FOOTPRINT (12 COMPANIES)181
TABLE 128COMPANY FOOTPRINT (10 COMPANIES)181
 
10.8COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES182
TABLE 129MEMS MARKET: DETAILED LIST OF KEY START-UPS/SMES182
TABLE 130MEMS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES184
10.9COMPETITIVE SCENARIOS AND TRENDS185
10.9.1PRODUCT LAUNCHES185
TABLE 131MEMS MARKET: PRODUCT LAUNCHES185
10.9.2DEALS186
TABLE 132MEMS MARKET: DEALS186
10.9.3OTHERS188
TABLE 133MEMS MARKET: OTHERS188
11COMPANY PROFILES189
11.1INTRODUCTION189
11.2KEY PLAYERS190
(Business Overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices, Weaknesses/Competitive threats))*
11.2.1ROBERT BOSCH190
TABLE 134ROBERT BOSCH: COMPANY OVERVIEW190
FIGURE 62ROBERT BOSCH: COMPANY SNAPSHOT191
11.2.2BROADCOM195
TABLE 135BROADCOM: COMPANY OVERVIEW195
FIGURE 63BROADCOM: COMPANY SNAPSHOT196
11.2.3QORVO, INC199
TABLE 136QORVO: COMPANY OVERVIEW199
FIGURE 64QORVO: COMPANY SNAPSHOT200
11.2.4STMICROELECTRONICS203
TABLE 137STMICROELECTRONICS: COMPANY OVERVIEW203
FIGURE 65STMICROELECTRONICS: COMPANY SNAPSHOT204
11.2.5TEXAS INSTRUMENTS211
TABLE 138TEXAS INSTRUMENTS: COMPANY OVERVIEW211
FIGURE 66TEXAS INSTRUMENTS: COMPANY SNAPSHOT212
11.2.6GOERTEK MICROELECTRONICS (GOERMICRO)216
TABLE 139GOERTEK MICROELECTRONICS: BUSINESS OVERVIEW216
11.2.7HEWLETT PACKARD217
TABLE 140HEWLETT PACKARD: COMPANY OVERVIEW217
FIGURE 67HEWLETT PACKARD: COMPANY SNAPSHOT218
11.2.8TDK CORPORATION220
TABLE 141TDK CORPORATION: COMPANY OVERVIEW220
FIGURE 68TDK CORPORATION: COMPANY SNAPSHOT221
11.2.9KNOWLES ELECTRONICS, LLC226
TABLE 142KNOWLES ELECTRONICS: COMPANY OVERVIEW226
FIGURE 69KNOWLES ELECTRONICS: COMPANY SNAPSHOT227
11.2.10INFINEON TECHNOLOGIES, INC.230
TABLE 143INFINEON TECHNOLOGIES: COMPANY OVERVIEW230
FIGURE 70INFINEON TECHNOLOGIES: COMPANY SNAPSHOT231
11.2.11HONEYWELL INTERNATIONAL236
TABLE 144HONEYWELL INTERNATIONAL: COMPANY OVERVIEW236
FIGURE 71HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT237
11.2.12ANALOG DEVICES240
TABLE 145ANALOG DEVICES: BUSINESS OVERVIEW240
FIGURE 72ANALOG DEVICES: COMPANY SNAPSHOT241
11.3OTHER PLAYERS244
11.3.1CANON INC.244
11.3.2TE CONNECTIVITY245
11.3.3NXP SEMICONDUCTORS246
11.3.4PANASONIC GROUP247
11.3.5ASAHI KASEI MICRODEVICES CORPORATION248
11.3.6MURATA MANUFACTURING CO., LTD.249
11.3.7AAC TECHNOLOGIES250
11.3.8AMPHENOL CORPORATION251
11.3.9SENSATA TECHNOLOGIES, INC.252
11.3.10MELEXIS253
11.3.11SITIME CORPORATION254
11.3.12ALPS ALPINE CO., LTD.255
11.3.13COLLINS AEROSPACE SYSTEMS256
11.3.14TELEDYNE FLIR257
11.3.15FLUSSO LTD.258
11.3.16HANKING ELECTRONICS (LIAONING) CO. LTD.259
11.3.17ULTRASENSE SYSTEMS259
11.3.18USOUND260
11.3.198POWER261
11.3.20ADVANCED HALL SENSOR LIMITED262
*Details on Business Overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices, Weaknesses/Competitive threats) might not be captured in case of unlisted companies.
12APPENDIX263
12.1DISCUSSION GUIDE263
12.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL266
12.3CUSTOMIZATION OPTIONS268
12.4RELATED REPORTS268
12.5AUTHOR DETAILS269