HOME Top Market Reports Micro-Electro-Mechanical Systems (MEMS) Market by Sensor Type (Inertial, Pressure, Microphone, Environmental, and Optical), Actuator Type (Optical, Inkjet Head, Microfluidics, and RF), Vertical, and Geography - Global Forecast to 2022

Micro-Electro-Mechanical Systems (MEMS) Market by Sensor Type (Inertial, Pressure, Microphone, Environmental, and Optical), Actuator Type (Optical, Inkjet Head, Microfluidics, and RF), Vertical, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: SE 5263

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The MEMS market is expected to be valued at USD 18.88 Billion by 2022, at a CAGR of 9.8% between 2017 and 2022. This report provides a detailed analysis of the MEMS market based on sensor type, actuator type, vertical, and geography. The growing demand for smart consumer electronics and wearable devices and the introduction of efficient, economical, and compact MEMS technology are driving the growth of this market.

Years considered for this report

2016: Base Year
2017: Estimated year
2022: Forecast year
2017–2022: Forecast Period

The objectives of the report are:

  • To define, describe, and forecast the overall MEMS market on the basis of sensor type, actuator type, vertical, and geography
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the MEMS market
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To conduct a detailed value chain analysis of the MEMS market
  • To analyze the opportunities in the MEMS market for stakeholders and provide the details of the competitive landscape for the market leaders
  • To strategically profile the key players and comprehensively analyze their market share and core competencies
  • To analyze competitive developments such as expansions, mergers and acquisitions, and product launches, along with research and development (R&D) in the MEMS market

The research methodology used to estimate and forecast the MEMS market begins with capturing data on key vendor revenue through secondary sources such as Semiconductor Industry Association, Global Semiconductor Alliance, and MEMS & Sensors Industry Group. Moreover, the vendor offerings are taken into consideration to determine the market segmentation. A combination of top-down and bottom-up procedures has been employed to arrive at the overall size of the MEMS market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the following figure:

Micro-Electro-Mechanical Systems (MEMS) Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights on the ecosystem of the MEMS market such as raw material suppliers, MEMS manufacturers, system integrators and end users. The ecosystem of the MEMS market consists of raw material suppliers for MEMS device manufacturers. The main die manufacturers include IBM Corp. (US), Elmos Semiconductor AG (Germany), TSMC, Ltd. (Taiwan), ams AG (Austria), Goertek, Inc. (China), and ON Semiconductor Corp. (US). Some of the major OEMs of the MEMS market are Analog Devices Inc. (US), Honeywell International, Inc. (US), Robert Bosch GmbH (Germany), STMicroelectronics N.V. (Switzerland), and Colibrys Ltd. (Switzerland). The system integrators include Texas Instruments, Inc. (US),  Denso Corp. (Japan), Delphi Automotive PLC (UK), Aisin Seiki Co., Ltd. (Japan), Standard Motor Products, Inc. (US), HP, Inc. (US), Canon, Inc. (Japan), and Harman International Industries, Inc. (US). The end users of the MEMS market include Samsung Electronics Co., Ltd. (South Korea), Apple Inc. (US), Honda Motor Co., Ltd (Japan), General Motors (US), and Ford Motor Co. (US).

Key Target Audience:

  • Raw material and manufacturing equipment suppliers
  • Electronic design automation (EDA) and design tool vendors
  • Original equipment manufacturers (OEMs)
  • Integrated device manufacturers (IDMs)
  • Original design manufacturers (ODMs)
  • ODM and OEM technology solution providers
  • Assembly, testing, and packaging vendors
  • Technology, service, and solution providers
  • Intellectual property (IP) core and licensing providers
  • Suppliers and distributors
  • Governments and other regulatory bodies
  • Technology investors
  • Research institutes and organizations
  • Market research and consulting firms

The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to five years (depends on the range of forecast period) for prioritizing the efforts and investments.

Report Scope:

In this report, the MEMS market has been segmented into the following categories in addition to the industry trends, which have also been detailed below:

  • MEMS Market, by Sensor Type:
    • Inertial
      • Accelerometer
      • Gyroscope
      • Magnetometer
      • Combo Sensor
    • Pressure
    • Microphone
    • Environmental
    • Optical
      • Microbolometer
      • Passive Infrared Sensor (PIR) and Thermopile
  • MEMS Market, by Actuator Type:
    • Optical
    • Inkjet Head
    • Microfluidics
    • Radio Frequency (RF)
      • Switch
      • Filter
      • Oscillator
  • MEMS Market, by Vertical:
    • Automotive
    • Consumer Electronics
    • Defense
    • Industrial
    • Healthcare
    • Telecom
    • Aerospace
  • MEMS Market, by Geography:
    • Americas:
      • US
      • Canada
      • Mexico
      • Brazil
      • Rest of the Americas
    • Europe:
      • Germany
      • UK
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific (APAC):
      • Japan
      • China
      • South Korea
      • India
      • Rest of APAC
    • Rest of the World:
      • Middle East
      • Africa
  • Competitive Landscape
  • Company Profiles: Detailed analysis of the major companies present in the MEMS market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that provides a detailed comparison of product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
                    2.1.2.4 Breakdown of Primaries
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in the Overall MEMS Market
    4.2 MEMS Market, By Vertical
    4.3 MEMS Market, By Sensor and Actuator Types
    4.4 Country-Wise Analysis of the MEMS Market
    4.5 MEMS Market, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Evolution for MEMS
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Demand for Smart Consumer Electronics and Wearable Devices
                    5.3.1.2 Stringent Government Regulations for the Automotive Vertical
                    5.3.1.3 Introduction of Efficient, Economic, and Compact MEMS Technology
                    5.3.1.4 Huge Adoption of Automation in Industries and Homes
           5.3.2 Restraints
                    5.3.2.1 Highly Complex Manufacturing Process and Demanding Cycle Time
                    5.3.2.2 Lack of Standardized Fabrication Process for MEMS
           5.3.3 Opportunities
                    5.3.3.1 Emerging Demand for Autonomous Vehicles
                    5.3.3.2 Rising Demand for Connected Devices to Implement Iot
                    5.3.3.3 Advancement in Sensor Fusion Technology
                    5.3.3.4 Increasing Adoption in Healthcare Vertical
           5.3.4 Challenges
                    5.3.4.1 Low Return on Investment
                    5.3.4.2 Miniaturization Leading to A High Level of Complexity
    5.4 Value Chain Analysis
    5.5 MEMS Players Business Model

6 MEMS Market, By Sensor Type (Page No. - 50)
    6.1 Introduction
    6.2 Inertial Sensor
           6.2.1 Accelerometer
           6.2.2 Gyroscope
           6.2.3 Magnetometer
           6.2.4 Combo Sensor
    6.3 Pressure Sensor
    6.4 Microphone
    6.5 Environmental Sensor
    6.6 Optical Sensor
           6.6.1 Microbolometer
           6.6.2 Pir & Thermophile

7 MEMS Market, By Actuator Type (Page No. - 67)
    7.1 Introduction
    7.2 Optical
    7.3 Microfluidics
    7.4 Inkjet Head
    7.5 RF
           7.5.1 Switch
           7.5.2 Filter
           7.5.3 Oscillator

8 MEMS Market, By Vertical (Page No. - 78)
    8.1 Introduction
    8.2 Automotive
    8.3 Consumer Electronics
    8.4 Defense
    8.5 Aerospace
    8.6 Industrial
    8.7 Healthcare
    8.8 Telecom

9 Geographic Analysis (Page No. - 95)
    9.1 Introduction
    9.2 Americas
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
           9.2.4 Brazil
           9.2.5 Rest of the Americas
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Italy
           9.3.5 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 South Korea
           9.4.4 India
           9.4.5 Rest of APAC
    9.5 RoW
           9.5.1 Middle East
           9.5.2 Africa

10 Competitive Landscape (Page No. - 112)
     10.1 Overview
     10.2 Market Ranking Analysis
     10.3 Vendor Dive Overview
             10.3.1 Vanguards (Leaders)
             10.3.2 Dynamic
             10.3.3 Innovator
             10.3.4 Emerging
     10.4 Business Strategy (For All 25 Players)
     10.5 Product Offering (For All 25 Players)
*Top 25 Companies Analyzed for This Study are - Stmicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), Texas Instruments Inc. (US), Panasonic Corp. (Japan), Murata Manufacturing, Co., Ltd. (Japan), Invensense, Inc. (US), Infineon Technologies AG (Germany), Asahi Kasei Microdevices Corp. (Japan), Te Connectivity Corp. (Switzerland), Sensata Technologies Holding N.V. (Netherlands), Rohm Co., Ltd. (Japan), Denso Corp. (Japan), Broadcom Ltd. (US), Honeywell International Inc. (US), Knowles Corp. (US), Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), Omron Corp. (Japan), Seiko Epson Corp. (Japan), AAC Technologies Holdings Inc. (China), Alps Electric Co., Ltd. (Japan), Amphenol Corp. (US), Utc Aerospace Systems (US), and Goertek Inc. (China).
     10.6 Competitive Scenario
             10.6.1 New Product Launches
             10.6.2 Mergers and Acquisitions
             10.6.3 Partnerships, Collaborations, and Expansions

11 Company Profiles (Page No. - 124)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     11.1 Introduction
     11.2 Stmicroelectronics N.V.
     11.3 Robert Bosch GmbH
     11.4 Analog Devices, Inc.
     11.5 NXP Semiconductors N.V.
     11.6 Texas Instruments, Inc.
     11.7 Panasonic Corp.
     11.8 Murata Manufacturing Co., Ltd.
     11.9 Invensense, Inc.
     11.10 Infineon Technologies AG
     11.11 Asahi Kasei Microdevices Corp.
     11.12 Key Innovators
             11.12.1 Rohm Co., Ltd.
             11.12.2 Seiko Epson Corp.
             11.12.3 Alps Electric Co., Ltd.
             11.12.4 Amphenol Corp.
             11.12.5 AAC Technologies Holdings, Inc.

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 163)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (65 Tables)

Table 1 Various Government Regulations for the Automotive Vertical
Table 2 MEMS Market, By Device Type, 2015–2022 (USD Million)
Table 3 MEMS Market, By Device Type, 2015–2022 (Million Units)
Table 4 MEMS Market, By Sensor Type, 2015–2022 (USD Million)
Table 5 MEMS Market, By Sensor Type, 2015–2022 (Million Units)
Table 6 MEMS Market for Sensor, By Vertical, 2015–2022 (USD Million)
Table 7 MEMS Market, By Inertial Sensor Type, 2015–2022 (USD Million)
Table 8 MEMS Market for Inertial Sensor, By Vertical, 2015–2022 (USD Million)
Table 9 MEMS Market for Accelerometer, By Vertical, 2015–2022 (USD Million)
Table 10 MEMS Market for Gyroscope, By Vertical, 2015–2022 (USD Million)
Table 11 MEMS Market for Magnetometer, By Vertical, 2015–2022 (USD Million)
Table 12 MEMS Market for Combo Sensor, By Vertical, 2015–2022 (USD Million)
Table 13 MEMS Market for Pressure Sensor, By Vertical, 2015–2022 (USD Million)
Table 14 MEMS Market for Microphone, By Vertical, 2015–2022 (USD Million)
Table 15 MEMS Market for Environmental Sensor, By Vertical, 2015–2022 (USD Million)
Table 16 MEMS Market, By Optical Sensor Type, 2015–2022 (USD Million)
Table 17 MEMS Market for Optical Sensor, By Vertical, 2015–2022 (USD Million)
Table 18 MEMS Market for Micro Bolometer, By Vertical, 2015–2022 (USD Million)
Table 19 MEMS Market for Pir & Thermopiles, By Vertical, 2015–2022 (USD Million)
Table 20 MEMS Market, By Actuator Type, 2015–2022 (USD Million)
Table 21 MEMS Market, By Actuator Type, 2015–2022 (Million Units)
Table 22 MEMS Market for Actuator, By Vertical, 2015–2022 (USD Million)
Table 23 MEMS Market for Optical Actuator, By Vertical, 2015–2022 (USD Million)
Table 24 MEMS Market for Microfluidics, By Vertical, 2015–2022 (USD Million)
Table 25 MEMS Market for Inkjet Head, By Vertical, 2015–2022 (USD Million)
Table 26 MEMS Market, By RF Actuator Type, 2015–2022 (USD Million)
Table 27 MEMS Market for RF Actuator, By Vertical, 2015–2022 (USD Million)
Table 28 MEMS Market for RF Switch, By Vertical, 2015–2022 (USD Million)
Table 29 MEMS Market for RF Filter, By Vertical, 2015–2022 (USD Million)
Table 30 MEMS Market for Oscillator, By Vertical, 2015–2022 (USD Million)
Table 31 MEMS Market, By Vertical, 2015–2022 (USD Million)
Table 32 MEMS Market for Automotive, By Sensor Type, 2015–2022 (USD Million)
Table 33 MEMS Market for Automotive, By Actuator Type, 2015–2022 (USD Million)
Table 34 MEMS Market for Automotive, By Region, 2015–2022 (USD Million)
Table 35 MEMS Market for Consumer Electronics, By Sensor Type, 2015–2022 (USD Million)
Table 36 MEMS Market for Consumer Electronics, By Actuator Type, 2015–2022 (USD Million)
Table 37 MEMS Market for Consumer Electronics, By Region, 2015–2022 (USD Million)
Table 38 MEMS Market for Defense, By Sensor Type, 2015–2022 (USD Million)
Table 39 MEMS Market for Defense, By Actuator Type, 2015–2022 (USD Million)
Table 40 MEMS Market for Defense, By Region, 2015–2022 (USD Million)
Table 41 MEMS Market for Aerospace, By Sensor Type, 2015–2022 (USD Million)
Table 42 MEMS Market for Aerospace, By Actuator Type, 2015–2022 (USD Million)
Table 43 MEMS Market for Aerospace, By Region, 2015–2022 (USD Million)
Table 44 MEMS Market for Industrial, By Sensor Type, 2015–2022 (USD Million)
Table 45 MEMS Market for Industrial, By Actuator Type, 2015–2022 (USD Million)
Table 46 MEMS Market for Industrial, By Region, 2015–2022 (USD Million)
Table 47 MEMS Market for Healthcare, By Sensor Type, 2015–2022 (USD Million)
Table 48 MEMS Market for Healthcare, By Actuator Type, 2015–2022 (USD Million)
Table 49 MEMS Market for Healthcare, By Region, 2015–2022 (USD Million)
Table 50 MEMS Market for Telecom, By Sensor Type, 2015–2022 (USD Million)
Table 51 MEMS Market for Telecom, By Actuator Type, 2015–2022 (USD Million)
Table 52 MEMS Market for Telecom, By Region, 2015–2022 (USD Million)
Table 53 MEMS Market, By Region, 2015–2022 (USD Million)
Table 54 MEMS Market in Americas, By Country, 2015–2022 (USD Million)
Table 55 MEMS Market in Americas, By Vertical, 2015–2022 (USD Million)
Table 56 MEMS Market in Europe, By Country, 2015–2022 (USD Million)
Table 57 MEMS Market in Europe, By Vertical, 2015–2022 (USD Million)
Table 58 MEMS Market in APAC, By Country, 2015–2022 (USD Million)
Table 59 MEMS Market in APAC, By Vertical, 2015–2022 (USD Million)
Table 60 MEMS Market in RoW, By Region, 2015–2022 (USD Million)
Table 61 MEMS Market in RoW, By Vertical, 2015–2022 (USD Million)
Table 62 Market Ranking of Top 10 Players in the MEMS Market, 2016
Table 63 25 Most Recent New Product Launches in the MEMS Market
Table 64 10 Most Recent Mergers and Acquisitions in the MEMS Market
Table 65 10 Most Recent Partnerships, Collaborations, and Expansions in the MEMS Market


List of Figures (47 Figures)

Figure 1 MEMS Market: Research Design
Figure 2 Process Flow of Market Size Estimation
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Inertial Sensor to Hold the Largest Share of the MEMS Market During the Forecast Period
Figure 8 The RF MEMS Actuator Held the Major Share of the MEMS Market in 2016
Figure 9 Consumer Electronics, Automotive, Industrial, and Healthcare are the Four Most Promising Verticals of the MEMS Market
Figure 10 APAC Expected to Be the Fastest-Growing Region in the MEMS Market During the Forecast Period
Figure 11 Growing Demand for Smart Consumer Electronics and Wearable Devices is Driving the Growth of the MEMS Market
Figure 12 Top 3 Verticals Hold Almost 90 Percent Share of the Overall MEMS Market Throughout the Forecast Period
Figure 13 Inertial Sensor and RF Actuator Hold the Highest Market Share
Figure 14 US Accounted for the Largest Share of the MEMS Market in 2017
Figure 15 MEMS Market in APAC is Expected to Grow at the Highest Rate During the Forecast Period
Figure 16 Growing Demand for Smart Consumer Electronics and Wearable Devices and Stringent Government Regulations for the Automotive Vertical are Going to Drive the Growth of the MEMS Market
Figure 17 Total Smartphone Users in the World (2013–2020)
Figure 18 Number of Connected Devices to Reach Approximately 50 Billion By 2020: Cisco Perspective
Figure 19 Increasing Penetration Rate of Connected Objects (2012–2020)
Figure 20 Value Chain Analysis: Major Value Added During the Raw Material Supply and Original Equipment Manufacturing Phase
Figure 21 Sensor Type to Hold the Largest Share of the MEMS Market During the Forecast Period
Figure 22 Inertial Sensor to Hold the Largest Share of the MEMS Market for Sensor Type During the Forecast Period
Figure 23 Combo Sensor to Be the Fastest Growing MEMS Inertial Sensor During the Forecast Period
Figure 24 Pir and Thermophile to Be the Fastest Growing MEMS Optical Sensor During the Forecast Period
Figure 25 RF to Be the Fastest Growing MEMS Actuator During the Forecast Period
Figure 26 Oscillator to Be the Fastest Growing RF Actuator During the Forecast Period
Figure 27 Healthcare to Be the Fastest Growing Vertical in the MEMS Market During the Forecast Period
Figure 28 MEMS Market: Geographic Snapshot
Figure 29 Americas: MEMS Market Snapshot
Figure 30 Europe: MEMS Market Snapshot
Figure 31 Asia Pacific: MEMS Market Snapshot
Figure 32 RoW: MEMS Market Snapshot
Figure 33 Companies in the MEMS Market Adopted New Product Launches as the Key Growth Strategy Between January 2014 and March 2017
Figure 34 Dive Chart
Figure 35 MEMS Market Evaluation Framework
Figure 36 Battle for the Market Share
Figure 37 Geographic Revenue Mix for Major Market Players
Figure 38 Stmicroelectronics N.V. : Company Snapshot
Figure 39 Robert Bosch GmbH.: Company Snapshot
Figure 40 Analog Devices, Inc.: Company Snapshot
Figure 41 NXP Semiconductors N.V.: Company Snapshot
Figure 42 Texas Instruments, Inc.: Company Snapshot
Figure 43 Panasonic Corp.: Company Snapshot
Figure 44 Murata Manufacturing Co., Ltd.: Company Snapshot
Figure 45 Invensense, Inc.: Company Snapshot
Figure 46 Infineon Technologies AG: Company Snapshot
Figure 47 Asahi Kasei Microdevices Corp.: Company Snapshot

The MEMS market is expected to be valued at USD 18.88 Billion by 2022, at a CAGR of 9.8% between 2017 and 2022. The drivers for this market are the growing demand for smart consumer electronics and wearable device, huge adoption of automation in industries and homes, stringent government regulations for the automotive vertical, and introduction of efficient, economical, and compact MEMS technology.

Among all the major verticals in the MEMS market, the consumer electronics vertical held the largest share in 2017. The main driver for the growth of this vertical is the increasing usage of MEMS in electronics such as wearable devices; smartphones, tablets, and laptops; portable navigation devices; portable media players; digital cameras; and gaming consoles; as well as e-readers. The MEMS market for healthcare is expected to grow at the highest CAGR during the forecast period because of the high adoption of MEMS for clinical monitoring applications, imaging applications, diagnostic and treatment equipment positioning applications, and prostheses and patient monitoring applications.

The inertial sensor type is expected to hold the major share of the MEMS market during the forecast period. This growth is attributed to the increasing usage of inertial sensors, such as accelerometer, gyroscope, magnetometer, and inertial combo sensor, in automotive applications such as electronic stability control (ESC), traction control system (TCS), and anti-lock braking system (ABS). Moreover, this growth is attributed to the high adoption in consumer and wearable applications for location-based services, gaming, built-in compass app providing screen orientation and for undoing actions by shaking the device. The MEMS market for environmental sensors is expected to grow at the highest CAGR during the forecast period because of the increasing opportunities in areas such as home automation, smartphones, and wearables.

The MEMS market for RF actuator is expected to hold the largest share, and is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the wide usage of RF actuators in smartphones, wearables, and Internet of Things (IoT). RF actuators offer advantages such as reduced size, less power, improved antenna performance and radiated power, and reduced power loss.

In terms of the different geographic regions, Asia Pacific (APAC) held the largest share of the MEMS market in 2016 and is expected to grow at the highest CAGR during the forecast period. APAC is a major market for consumer electronics, automotive, and industrial verticals. Moreover, APAC has become a global focal point for large investments and business expansion opportunities. The Americas accounted for the second-largest share of the MEMS market in 2016. This growth is attributed to the presence of some of the major MEMS manufacturing companies and MEMS foundries; the growing industrial and home automation; and the adoption of emerging applications such as augmented reality (AR) and virtual reality (VR) and Internet of Things (IoT).

Micro-Electro-Mechanical Systems (MEMS) Market

MEMS are widely being used in the automotive and consumer electronics verticals. However, the manufacturing of MEMS is highly complex, and requires advanced and increasingly costly equipment, which has to be continuously modified or maintained to improve yields and product performance and lower the cost of production. Currently, the industry has no standardized process for a majority of MEMS fabrication needs because the fabrication process for a MEMS device is dependent on the application it is intended for.

The major players in the MEMS market include STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), Texas Instruments Inc. (US), Panasonic Corp. (Japan), TE Connectivity Corp. (Switzerland), Sensata Technologies Holding N.V. (Netherlands), Denso Corp. (Japan), Broadcom Ltd. (US), Honeywell International Inc. (US), Knowles Corp. (US), and Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan). Most of the leading companies have followed the organic strategy of product launches to boost the revenue of the company.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Sensors and Controls Markets on KnowledgeStore
Request Demo