Micro-Electro-Mechanical Systems (MEMS) Market

STMicroelectronics N.V. (Switzerland) and Robert Bosch GmbH (Germany) are the Top 2 Players in the Micro-Electro-Mechanical Systems (MEMS) Market

The MEMS market is expected to reach USD 18.88 Billion by 2022, at a CAGR of 9.8% between 2017 and 2022. The key opportunity for this market is the emerging demand for autonomous vehicles and rising demand for connected devices to implement IoT. Some of the key factors driving the growth of this market are the increasing demand for smart consumer electronics and wearable devices and stringent government regulations for the automotive vertical.

The key 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 new product launches to boost the revenue of the company.

Top 2 players in the MEMS Market:

STMicroelectronics N.V. (Switzerland) is one of the major semiconductor suppliers to the consumer electronics vertical. The company focuses on developing industry-leading products and solutions for application areas such as healthcare and wearables, which are expected to experience solid growth rates driven by long-term trends. Research is one of the growth strategies adopted by the company for growth and expansion. The company has strategically located research and development (R&D) centers across the globe in technologically developing countries such as France, Italy, Belgium, Canada, China, India, Singapore, and Sweden. Moreover, STMicroelectronics N.V. focuses on expanding geographically to reduce the business risks and strengthen its position by providing innovative products in such regions. To add to its organic strategies, the company focuses on new product developments. For instance, in February 2017, STMicroelectronics N.V., DSP Group, Inc. (US), and Sensory, Inc. (US) launched a highly power-efficient, voice-detecting, and processing microphone. Furthermore, the company focuses on inorganic growth strategies such as partnerships, collaborations, and acquisitions to remain competitive in the MEMS market. For instance, in February 2017, STMicroelectronics N.V. and USound GmbH (Germany) collaborated to industrialize and produce the world’s first miniature piezoelectric MEMS actuators for smart audio systems in portable devices.

Robert Bosch GmbH (Germany) is one of the leading companies that supplies MEMS since the last decade, through its wholly owned subsidiary—Bosch Sensortec GmbH (Germany). Since the start of mass production in 1995, the company has manufactured nearly 7 billion MEMS sensors. The company believes that connectivity is a global theme that affects all its business sectors – from connected mobility and connected industry to smart-home technology to connected solutions for buildings and energy technology. These factors present the company with huge opportunities given its expertise in many product areas, software, and sensor technology as one of the world’s leading suppliers of MEMS sensors. To grab this opportunity, the company focuses mainly on the organic growth strategy of product launches to grow in this market. For instance, in January 2017, Robert Bosch GmbH launched the ‘BMP380’, the smallest high-performance barometric pressure sensor. This product has a compact size of 2.0 x 2.0 x 0.75 mm³. This product is aimed at the growing markets of gaming, sports and health management, as well as indoor and outdoor navigation.

Related 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

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Micro-Electro-Mechanical Systems (MEMS) Market Size,  Share & Growth Report
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