Microelectromechanical Systems (MEMS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Microelectromechanical Systems (MEMS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest

Global Microelectromechanical Systems (MEMS) Market: Overview

The technology of microelectromechanical Systems (MEMS) is used to create miniatures integrated devices or systems that combine mechanical and electro-mechanical properties. The process technology has gathered considerable steam in creating a wide variety of high-performing consumer and industrial products using microfabrication techniques.  A range of inertial devices have gained traction in the global MEMS market. Application of accelerometers and rate gyroscopes reiterates the commercial success of the MEMS technology. The capabilities of MEMS technology in range of emerging applications are fueled by leveraging the strength of micromachined structures, actuators, and sensors.

The global report on the global MEMS market offers in-depth assessments of current avenues and emerging application frontiers. The analyses help stakeholders, new entrants, and fast-emerging players to gain insights into the expected trajectory of the global MEMS market. 

Global Microelectromechanical Systems (MEMS) Market: Notable Developments

  • Microelectronics companies are recently leveraging the transformative potential of MEMS in industrial applications and in niche applications in systems used for wearables and electronic appliances. Underpinning their pursuits are advances in sensor technologies used in MEMS.
  • One such initiatives was recently (March 2019) led by ST Microelectronics. The multinational electronics and semiconductor manufacturer equipped fitness trackers, vacuum cleaners, and industrial sensing technology with liquid-resistant microelectromechanical systems (MEMS) pressure sensor. The system featured an application-specific integrated circuit built into the sensor.
  • Developed markets, notably the U.S., are keen on using MEMS as a key enabler of positioning, navigation and timing (PNT) applications in in GPS-denied environments.

The Precise Robust Inertial Guidance for Munitions (PRIGM), a program for miniature inertial sensors technologies, has developed a navigation-grade inertial measurement unit (NGIMU) that is based on MEMS platforms. Growing focus of numerous players advanced inertial micro sensor (AIMS) technologies will create new frontiers for the global MEMS market in the defense applications. 

Some of the most prominent competitors operating in the competitive landscape of global microelectromechanical systems (MEMS) market include –

  • Panasonic
  • Knowles Electronics
  • Broadcom Inc.
  • Microelectronics N.V.
  • Robert Bosch GmbH 

Global Microelectromechanical Systems (MEMS) Market: Key Evolution Dynamics

Electronics and automotive industries have been by far two of the most attractive markets for MEMS. The automobile industry in recent years has made substantial strides driven by the demand for safer automotive. This has propelled the demand for various safety features based on MEMS, such as air bags and tire pressure monitoring systems, thus boosting the MEMS market. Further, growing incorporation of advanced sensor based on MEMS in wearables and the growing popularity of such wearables are factors boosting the global MEMS market. The demand for high-performance fitness trackers is a case in point.

The global MEMS market has also been receiving substantial leg up from its rising relevance in sensors used in internet of things (IoT). Growing popularity of actuators in connected devices has spurred the uptake of MEMS. Rapid technological strides made in IoT is influencing the growth dynamics of the global MEMS market in developing and developed regions. The demand for MEMS also gained robust impetus from growing integration of the system into a spectrum of consumer electronics.

Global Microelectromechanical Systems (MEMS) Market: Regional Assessment

Regionally, developed and developing countries in North America and Asia Pacific are poised to play a greater role in the global MEMS market in the near future. Emerging and developed economies in Asia Pacific have held vast potential in the global MEMS market. This may attributed to the rapid strides being made by microelectronics fabrication in various end-use industries. Moreover, growing popularity of IoT based connected technologies in industrial and consumer markets will fetch profuse revenues in these regional markets for MEMS. Meanwhile, considerable development initiatives relating to autonomous vehicles in various parts of North America will keep the global MEMS market increasingly lucrative. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.