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Micro-Electro-Mechanical System (MEMS) Market Size, By Type (Sensors {Pressure Sensor, Accelerometer, Gyroscope, Temperature Sensor, Humidity Sensor, Gas Sensor}, Actuators {RF Actuators, Optical Devices}, Audio Devices {Microphones, Speakers}, Switches), By Industry Vertical (Automotive, Consumer Electronics, Medical, Aerospace & Defense, Telecom, Industrial), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI5439
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Statistics

Micro-Electro-Mechanical System Market size was recorded at over USD 14 billion in 2022 and is expected to grow at more than 5% CAGR between 2023 and 2032 driven by emerging trends in the automotive industry.

Micro Electro-mechnical System Market

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The burgeoning demand for smart consumer electronic devices globally is fueling the market growth. In addition, the growing adoption of the internet of things (IoT) by semiconductor companies is complementing the usage of electronics, including wearables, smartphones, laptops, cameras, cars, semiconductor devices, Internet of Things (IoT)-enabled gadgets, and so on.

Furthermore, a favorable increase in healthcare expenditure by governments, especially in Asia Pacific region is foreseen to escalate market standing. Constant improvements in the medical and pharmaceutical industries have boosted product adoption. In 2021, the total expenditure on healthcare institutions by the Japanese government increased by USD 14 billion or 4.6% compared to 2020. MEMS technology assists doctors in monitoring, analyzing, and controlling patient conditions.

High cost of manufacturing may restrain industry progression

High production and testing costs associated with the microelectromechanical system is a major factor restraining market share. The expensiveness of R&D programs for designing new components for MEMS is slated to impede product demand in the upcoming years. However, consistent efforts by players to find alternative MEMS wafer manufacturing components are likely to help them overcome this issue.

Integration in automotive tech devices to push MEMS sensors market expansion

Global Micro Electro-Mechanical System (MEMS) Market Revenue Share By Type

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In terms of type, the micro-electro-mechanical system (MEMS) market from the sensors segment is speculated to reach more than USD 15 billion in revenue by 2032. The report cites that the increasing application of MEMS Sensors in handling and controlling machinery, digital compass, GPS tracking, managing grippers, robotics, and automobiles in the automotive, chemical & pharmaceutical, industrial automation, and manufacturing sectors is slated to benefit segment outlook.

Extensive use in spacecrafts to help gyroscope gain traction

Micro-electro-mechanical system market share from the gyroscope sensors segment is anticipated to grow at over 5% CAGR from 2023 to 2032. The substantial use of gyroscopes in inertial navigation systems of airplanes, ships, drones, spacecraft, and satellites due to their size-suitability and affordability is set to propel product adoption. To cite an instance, all Indian Space Research Organization (ISRO) satellites are incorporated with gyro sensors to determine velocity and body rate information. Moreover, electronic devices, including wearable technology, mobile phones, and tablets, use these sensors to detect changes in orientation and motion.

Mounting AI integration to push consumer electronics segment development

Authors: Preeti Wadhwani, Aayush Jain

Frequently Asked Questions (FAQ) :

Global micro-electro-mechanical system (MEMS) market was valued at over USD 14 billion in 2022 and is set to progress at more than 5% CAGR between 2023 and 2032 owing to the burgeoning demand for smart consumer electronic devices globally and emerging trends in the automotive sector.

The sensors MEMS segment is anticipated to reach more than USD 15 billion by the end of the forecast period due to soaring use in handling and controlling machinery, digital compass, GPS tracking, managing grippers, robotics, and so on.

The consumer electronics segment captured nearly 40% share of the MEMS industry in 2022 as a result of recent technological breakthroughs, the surging deployment of the Internet of Things (IoT) & AI, and the soaring need for small-sized consumer gadgets.

The Asia Pacific MEMS market accounted for over 40% of the overall industry revenue in 2022 on account of supportive R&D investments to create novel products in keeping with the changing demands of various industries in the region.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 228
  • Countries covered: 18
  • Pages: 220

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