Micro-Electro-Mechanical System Market Size, Share and Trends

Updated on : October 22, 2024

Micro-Electro-Mechanical System (MEMS) Market Size & Growth

The Micro-electro-mechanical System (MEMS) market size was valued at USD 16.5 billion in 2024 and is estimated to reach USD 24.2 billion by 2029, growing at a CAGR of 7.9% between 2024 to 2029.

The growth of MEMS market is driven by the growing adoption of RF MEMS technology in consumer electronics and LTE networks, rising adoption of Smart consumer electronics, growing deployment of miniaturization of devices, and widening application scope of MEMS technology.

Micro-Electro-Mechanical System (MEMS) Market Forecast to 2029

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Micro-Electro-Mechanical System (MEMS) Market Trends and Dynamics

Drivers: Rising demand for minituarization of devices.

The miniaturization enabled by MEMS technology opens up new possibilities for innovative applications in various fields. For example, in healthcare, miniaturized MEMS devices are used for medical diagnostics, drug delivery systems, and minimally invasive surgical tools. For instance, MEMS-based biosensors can detect biomarkers in bodily fluids for early disease diagnosis.. The automotive industry is embracing miniaturization to enhance vehicle performance, safety, and efficiency. MEMS sensors for airbag deployment, tire pressure monitoring, stability control, and navigation systems are becoming increasingly compact, enabling seamless integration into modern vehicles while optimizing space utilization and reducing weight. For instance, In January 2024, Melexis introduced the Triphibian microelectromechanical system pressure sensor tailored for automotive use. This miniaturized MEMS pressure sensor can manage measurements of gas and liquid media ranging from 2 to 70 bar.

Restraint: Lack of standardized fabrication processes for MEMS

Developing customized fabrication processes for MEMS devices incurs high development costs and time-intensive research and development efforts. Without standardized processes, manufacturers must invest significant resources in optimizing fabrication techniques for each individual device, leading to longer development cycles and higher overall costs. This can deter smaller companies and startups from entering the micro-electro-mechanical system (MEMS) market, limiting competition and innovation. Without standardized procedures for quality control and testing, manufacturers may struggle to ensure consistent performance and durability across their products. This can undermine customer confidence and lead to reluctance in adopting MEMS technology, particularly in safety-critical applications such as automotive and medical devices.

Opportunities: Widening application scope of MEMS technology

MEMS technology is increasingly being leveraged in healthcare and biomedical applications to enable remote monitoring, diagnostics, and personalized medicine. MEMS sensors for vital signs monitoring, such as heart rate, blood pressure, and oxygen saturation, are integrated into wearable health monitors, fitness trackers, and medical devices, enabling continuous health tracking and early detection of medical conditions. MEMS-based lab-on-a-chip devices facilitate rapid and portable diagnostic testing for infectious diseases, cancer biomarkers, and genetic disorders, revolutionizing healthcare delivery and improving patient outcomes. In January 2022, A.M. Fitzgerald & Associates (AMFitzgerald) and MEMS Infinity, a Sumitomo Precision Products company, have partnered to expedite the commercialization of thin-film PZT MEMS chip technologies for medical ultrasound imaging applications. As medical ultrasound continues to evolve and penetrate new healthcare sectors, the demand for MEMS-based ultrasound sensors is expected to rise,  driving the overall growth of the Micro-Electro-Mechanical System market.

Challenge: Shortage of skilled designers

MEMS devices involve intricate design, precise fabrication processes, and rigorous testing procedures, necessitating a skilled workforce with expertise in microelectronics, mechanical engineering, materials science, and semiconductor manufacturing. However, the demand for skilled MEMS professionals often outstrips the supply, leading to challenges in recruitment and talent retention within the industry. MEMS design requires a deep understanding of electromechanical principles, sensor technology, and system integration. The shortage of skilled designers can lead to delays in product development and innovation.

MEMS Ecosystem

Micro-Electro-Mechanical System (MEMS) Market Segmentation

The market for Inertial Sensor segment to hold largest market share during the forecast period.

Intertial sensor accounts for largest market share in the MEMS market, driven by the increasing demand in automotive industry. Rising government regulations and growing awareness of ADAS benefits, automotive OEMs such as Hyundai, Mahindra, Toyota, Kia, and MG, are gearing up to introduce ADAS-equipped vehicles. Hyundai Motor India plans to equip all models in its portfolio with Advanced Driver Assistance Systems (ADAS) within the next three years. As vehicle manufacturers integrate advanced driver assistance and autonomous driving systems, the need for accurate and reliable MEMS inertial sensors becomes paramount. These sensors contribute to optimizing energy efficiency, extending driving range, and enhancing vehicle dynamics and performance. The rising demand for ADAS in vehicles presents an opportunity for MEMS-based sensors to cater to the growing demand for advanced safety systems in automotive applications.

RadIio frequency actuator segment to grow at the highest CAGR in the actautor segment in the MEMS market during the forecast period.

In mobile devices, particularly smartphones, RF MEMS are utilized to address engineering challenges related to device size and component configuration. They enable the coverage of multiple frequency bands, support carrier aggregation across disparate bands, and facilitate beamforming directly on the device, complementing the capabilities of cell base stations. Smartphones, Internet of Things (IoT) devices  and wearables, the are the major application areas of RF MEMS. The development of flexible RF technology is driven by the need for lightweight and reconfigurable communication components, especially for 5G mobile smartphones. Flexible electronics offer several advantages, including flexibility, miniaturization, and high integration. These qualities make them suitable for various applications, such as bio-integrated electronics and conformal integration on complex structural surfaces.

Consumer electronics segment in application to the highest market share of the MEMS market during the forecast period

MEMS (Microelectromechanical Systems) have emerged as indispensable components in smartwatches, offering a host of advantages that surpass traditional technologies. Their miniature size enables seamless integration into compact smartwatch designs, while their low power consumption ensures extended battery life, a critical factor for wearables. MEMS sensors provide exceptional precision and accuracy, facilitating features like motion tracking, heart rate monitoring, and pressure sensing with unprecedented accuracy. As MEMS technology becomes increasingly affordable, it has become the go-to choose for mass-market wearables. In January 2024, France-based SilMach introduced TheTimeChanger, the world’s first watch featuring a revolutionary MEMS movement, offering lower power usage, anti-magnetic operation, and thinner profiles compared to Lavet motors, exceeding COSC precision standards.

Micro-Electro-Mechanical System (MEMS) Industry Regional Analysis

The Micro-Electro-Mechanical System (MEMS) industry in Asia Pacific is estimated to account for largest share during the forecast period.

Asia Pacific accounts for the prominent market for consumer electronics, industrial, and automobiles. This region has become a global focal point for large investments and business expansion opportunities. As automakers prioritize the development and production of electric vehicles to meet emission targets and consumer demand, there is a growing need for MEMS sensors and devices to support the functionality and performance of these vehicles, thereby fueling the growth of the MEMS industry in the region. According to data on Vahan, in 2023, India saw a surge in electric vehicle (EV) registrations, reaching 1,529,614 units, a 49% increase from the previous year.

Micro-Electro-Mechanical System (MEMS) Market by Region

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Top Micro-Electro-Mechanical System (MEMS) Companies - Key Market Players

Major vendors in the MEMS companies

• Robert Bosch GmbH (Germany), 
• Broadcom (US), 
• Qorvo, Inc (US), 
• STMicroelectronics (Switzerland), 
• Texas Instruments (US), 
• Goertek microelectronics Inc (China), 
• Hewlett Packard Enterprise Development LP (US), 
• TDK Corporation (Japan), 
• Knowles Electronics, LLC (US), 
• Infineon Technologies AG (Germany), 
• Honeywell International (US), 
• Analog Devices, Inc (US), among others.

Apart from this, TE Connectivity (Switzerland), NXP Semiconductors (Netherlands), Panasonic Holdings Corporation (Japan), Murata Manufacturing Co., Ltd (Japan), AAC Technologies (China), Amphenol Corporation (US), Sensata Technologies, Inc, (US), Melexis (Belgium), SiTime Corporation (US), Alps Alpine Co., Ltd (Japan), Collins Aerospace Systems (US), Teledyne FLIR (US), Flusso Ltd. (UK), Usound (Austria), Merit Medical Systems, Inc. (US), Mikrosens Elektronik (Turkey), Fibersystem AB (Sweden), Menlo Micro, Inc (US), Winsen (China),  Safran (France), are among a few emerging companies in the micro-electro-mechanical system  (MEMS) market.

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Scope of the Report

Micro-electro-mechanical System (MEMS) Market
Highlights

This research report categorizes the MEMS market into Sensor Type, Actuator Type, Vertical, and Region.

Recent Developments

• In January 2024, TDK Corporation has unveiled a range of MEMS sensors for consumer, industrial, and automotive applications, alongside an advanced edge machine learning solution, reflecting the growing market demand for MEMS technology.
• In October 2023, Analog Devices collaborates with Envision Energy to integrate MEMS sensor technology into smart wind turbines, aiming to enhance safety by monitoring vibration and tilt in real-time. This collaboration advances green energy efforts by adding intelligence at the edge for safer windmill operation and design..

Key Questions Addressed in the Report

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