Microelectromechanical Systems (MEMS) Market

Global Microelectromechanical Systems (MEMS) Market Size (2024 to 2029):

The Global Microelectromechanical Systems (MEMS) Market was worth US$ 91.48 billion in 2023 and is anticipated to reach a valuation of US$ 153.43 billion by 2029 from US$ 99.72 billion in 2024, and it is predicted to register a CAGR of 9% during the forecast period 2024-2029.

Current Scenario of the Global Microelectromechanical Systems (MEMS) Market

The microelectromechanical systems (MEMS) market is experiencing rapid demand along with technological breakthroughs. Moreover, there is a rising demand for precision and dependable timing sources which is beneficial for the market growth. With the constant contraction in the size of electronic parts, this advancement in MEMS systems clock provides a bright outlook for sectors depending on accurate timekeeping, like data processing, navigation and telecommunications. In the ongoing digitalization and modernization efforts worldwide, oscillators have been broadly used in electronic devices and appliances as time-reference sources like global positioning systems (GPS), radar, and communication.

MARKET DRIVERS

The growing acceptance of radio frequency technology based on this in domestic customer electronics and LTE connectivity sector is boosting the microelectromechanical systems (MEMS) market growth.

The growing popularity of intelligent products, the surge in the use of tiny-sized devices, and broadened usages are further contributing to the expansion of the microelectromechanical systems (MEMS) market. The need for MEMS in the medical industry around the world is witnessing an upward trend due to these miniature systems having many diverse applications. They're employed in different healthcare tools and devices, making them important for enhancing medical services across the world. For instance, in the healthcare sector, ultra-small MEMS systems are applied for medical diagnosis, drug delivery platforms and non-invasive surgical tools. In the last few years, there have been major developments in the domain of biomedical Microelectromechanical Systems (BioMEMS), providing accurate and cost-effective accessories and equipment for diagnosis and disease management. For example, MEMS-based biosensors are capable of identifying biosignatures in humoral fluids for initial disease detection.

The growing usage of MEMs in the automotive industry further boosts the global market growth.

Automotive sector progressively implementing miniaturization to improve car performance, protection and effectiveness. MEMS sensors for navigation systems, stability control, tyre pressure monitoring and airbag deployment and are rising steadily small, providing seamless incorporation into modern cars while maximising space efficiency and lowering weight. For example, in January 2024, Melexis launched the Triphibian microelectromechanical system pressure sensor customized for automobile applications.

MARKET RESTRAINTS

Technical issues are believed to obstruct the expansion of the microelectromechanical systems (MEMS) market.

The industry’s progress is mainly hampered by quality problems and a lack of trained staff for MEMS technology. These challenges consist of problems associated with a reduction in size, stability, and ensuring steady outcomes. Solving these issues requires considerable financial support in research and development activities, which can limit the speed of innovation and the wider application of MEMS systems and equipment in several markets. As producers look to address these technical obstacles, they face intricacies in making sure that these devices fulfil strict performance expectations and consistency needs, hence posing restraints to extensive implementation and market growth.

MARKET OPPORTUNITIES

The broadening application scope of technology is expected to boost the expansion of the microelectromechanical systems (MEMS) market in the coming years. 

This technology is progressively being capitalized on for medical and biomedical purposes to strengthen distant monitoring, prognostics, and customized medicine. Moreover, sensors based on this technology for tracking important signs, like oxygen saturation, blood pressure, and heart rate, are incorporated into wearable medical devices, fitness trackers, and health monitors, furnishing 24/7 surveillance and early diagnosis of medical diseases. Besides this, MEMS-based lab-on-a-chip equipment enables swift and mobile diagnostic testing facilities for genetic disorders, cancer biomarkers, and communicable diseases, which are transforming healthcare delivery platforms and enhancing patient results. For instance, in January 2022, a Sumitomo Precision goods company called A.M. Fitzgerald & Associates (AM Fitzgerald) and MEMS Infinity reported the signing of a partnership contract to accelerate the commercial introduction of thin-film PZT MEMS chip technologies for healthcare ultrasound imaging uses.

MARKET CHALLENGES

The exorbitant upfront investment costs for production infrastructure is a significant challenge to the market participants in the MEMS market.

Additionally, strict performance requirements in industries including automobile and healthcare and the necessity for persistent technological and other advancements to be on par with quickly transforming technology and customer expectations.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Microelectromechanical Systems (MEMS) Market Analysis By Sensor Type

The inertial sensor segment is the most prevalent category and is estimated to account for a major portion of the microelectromechanical systems market share over the forecast period. The growing emphasis on technological developments and increased investment in establishing semiconductors and electronics breakthroughs and manufacturing facilities are fueling the segment’s market size. Moreover, other factors contributing to the expansion of the segment include higher budget allocations for research and development operations, industrialization and surging urbanization. Furthermore, supportive government policies and programs to accelerate adoption and elevate personal spending power are projected to influence the segment’s market size.

Global Microelectromechanical Systems (MEMS) Market By Actuator Type

The radio frequency segment remains the most prevailing category of the microelectromechanical systems (MEMS) market. This is credited to the extensive use of RF MEMS systems throughout several sectors. It involves automotive, consumer electronics, aerospace and telecommunications. This RF MEMS equipment plays a vital role in offering radio frequency filters, wireless communication systems, and radar systems with improved output and effectiveness. In the telecommunications area, these switches and filters are implemented in satellite communication systems, smartphones and base stations to strengthen signal analysis and broadcast. Likewise, in the aerospace industry, RF MEMS parts are used in aircraft navigation systems, radar systems, and transmission to the center via satellite, furnishing modern features and enhanced performance. The flexibility and credibility of this technology make it the main facilitator for wireless transmission and network solutions, consolidating its prominence in the Microelectromechanical system (MEMS) market.

Global Microelectromechanical Systems (MEMS) Market By End-User Industry

The consumer electronics segment is projected to lead the microelectromechanical systems (MEMS) market throughout the estimation period. This is because of the increase in usage of intelligent consumer appliances. MEMS are primarily applied in mobile phones and wearable electronics owing to enhanced electrical efficiency at higher frequencies. Hence, the strong demand for domestic gadgets or devices is propelling the segment’s market share.

The aerospace segment is another area where the industry is steadily growing and is believed to experience a considerable rise in its market share in the coming years. This can be attributed to the extensive application of sensors produced from MEMS in automobiles for protective and preventative measures, navigation and automation.

REGIONAL ANALYSIS

Asia Pacific is the biggest regional segment in the global microelectromechanical systems (MEMS) market in 2023.

This region is also estimated to continue to follow the growth trajectory in the coming years. The domination of the Asia-Pacific region is majorly attributed to the existence of key consumer electronics producers. Moreover, the market is predicted to move forward with rising mobile phone users, 5G network rollout and developments over several end-user sectors. In addition, India, Japan, South Korea, and China, among others, are promising Asian-Pacific economies. Apart from this, APAC is a huge industry for MEMS sensor technologies. The region commands various production subindustries of other end-user sectors and the semiconductor-making sector. Countries such as China are delivering products at affordable rates to the market. In the Chinese automobile industry, pressure on MEMS is likely to remain upward due to the transformation into greater autonomy levels that require improved security and sustainable development. 

North America is believed to drive considerably during the forecast period for the microelectromechanical systems (MEMS) market.

This estimation is based on the elevating sales of microelectromechanical equipment, propelled by the heightening demand from both the area’s aerospace & defense and automobile sectors. As these sectors continue to strive for breakthroughs and implement modern technologies, the necessity for MEMS sensors and systems to improve operativeness and outcomes becomes more vital, placing North America as a major player in the MEMS market.

KEY PLAYERS IN THE GLOBAL MICROELECTROMECHANICAL SYSTEMS (MEMS) MARKET

Companies playing a prominent role in the global microelectromechanical systems (MEMS) market include Texas Instruments Incorporated, Analog Devices Inc., STMicroelectronics, Broadcom Inc., Robert Bosch GmbH, DENSO CORPORATION, Panasonic Corporation, HP Development Company, L.P., Knowles Electronics, LLC, and Others.

RECENT HAPPENINGS IN THE GLOBAL MICROELECTROMECHANICAL SYSTEMS (MEMS) MARKET

• In July 2024, Rogue Valley Microdevices, a Florida-based company received 6.7 million dollars from the US Chips Act and has attained government endorsement to create pure and specialized microelectromechanical systems (MEMS) and sensor foundry factory.
• In June 2024, a new research was published which stated the development of a Microelectromechanical Systems (MEMS) clock that provides enhanced accuracy, balance and steadiness. Moreover, a frequency compensation system and two synchronized MEMS oscillators both are part of the synchronization principle given by Christiaan Huygens which is also employed in the clock.

DETAILED SEGMENTATION OF THE GLOBAL MICROELECTROMECHANICAL SYSTEMS (MEMS) MARKET INCLUDED IN THIS REPORT

This research report on the global microelectromechanical systems (MEMS) market has been segmented and sub-segmented based on sensor type, actuator type, end-user industry, and region.

By Sensor Type

• Micro speaker
• Pressure Sensor
• Environmental Sensor
• Microphone
• Inertial Sensor
  • Accelerometer
  • Gyroscope
  • Magnetometer
  • Combo Sensor
• Optical Sensor
  • Microbolometer
  • Pir & Thermophile
• Others

By Actuator Type

• Radio Frequency
  • Switch
  • Filter
  • Oscillator
• Microfluidics
• Optical
• Inkjet Head

By End-User Industry

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

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa