The micro-electromechanical system (MEMS) market is expected to grow at a remarkable CAGR of 10.2 percent, reaching US$ 14.4 billion in 2022. (2022-2029). By 2029, it is expected that shipments of micro-electromechanical systems will total US$28.4 billion.
| Micro-electromechanical System (MEMS) Market Size (2022) | US$ 14.4 Bn |
| Predicted Market Valuation (2029) | US$ 28.4 Bn |
| Global Market Growth Rate (2022-2029) | 10.2% CAGR |
| Automotive Application Market Share | 30.7% |
MEMS technology is utilised to boost communication circuit performance and lower power consumption expenses. Military uses of micro-electromechanical system technologies include information gathering, missile guidance, and security monitoring in wireless communication satellite systems.
When compared to conventional macro systems for mechanical and electrical functions, micro-electromechanical systems provide a number of advantages, such as faster response times, more effective power use, and lighter construction. MEMS-based devices are more appealing for communication and connectivity applications as a result of these advantages. For electronics in wireless communication applications including radars, steerable antennae, and global positioning satellite systems, radiofrequency (RF) MEMS technology is specifically created (GPS).
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Key Takeaways of Micro-electromechanical System Market Study
- Application of micro-electromechanical systems in consumer electronics is expected to gain traction, owing to increasing demand for MEMS-based microphones, sensors, and oscillators in smart devices such as wearables, smartphones, laptops, and others.
- Adoption of MEMS sensors is projected to increase at a striking rate during the forecast period, due to growing usage of gyroscopes, accelerometers, pressure sensors, humidity sensors, temperature sensors, and proximity sensors for applications in medical devices, home automation devices, autonomous vehicles, and others.
- Asia Pacific Excluding Japan is anticipated to dominate the global micro-electromechanical system market due to rising demand from major industries such as automotive, consumer electronics, and industrial verticals in developing economies such as China, India, and other South-East Asian countries.
Increasing Application in Automobile Sector to Boost Growth of MEMS Market
MEMS are used in various applications in the automobile sector, such as navigation assistance, telematics, airbag systems, anti-theft systems, electronic stability control of vehicles, and other vehicle dynamic applications. Moreover, MEMS-based lead frames packaging solutions provide superior thermal conductivity to ensure that appropriate heat dissipation properties required by specific applications such as vehicle security systems and rollover detection. Moreover, these micro-electromechanical systems are also used for passenger safety purposes, tire pressure detection, rollover, and skidding detection.
For instance, in May 2021, STMicroelectronics, a leading provider of MEMS motion sensors for customer products, added a new high-accuracy and high-stability MEMS motion sensor (IIS3DHHC). This IIS3DHHC MEMS sensor is a 3-axis accelerometer to secure accuracy over time and temperature, with 10-year product longevity for advanced industrial sensing.
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More Valuable Insights on Micro-Electromechanical System Market
FMI’s report on the micro-electromechanical system market is segmented into major sections, such as MEMS-based device (MEMS sensors [accelerometers, gyroscopes, humidity, pressure, proximity, and temperature sensors], MEMS audio devices [MEMS microphones and MEMS speakers], MEMS switches, MEMS actuators, and MEMS oscillators), and application (consumer electronics, automotive, aerospace & defense, healthcare, telecommunications, and industrial), and region, to help readers understand and evaluate lucrative opportunities in the MEMS market.
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