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Micro Electromechanical System Market Growth & Trends [2030]
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Micro Electromechanical System Market Growth & Trends [2030]

Segments - Global Micro Electromechanical System Market by Types (Sensors [Combo Sensors, Environment Sensors, Inertial Sensors {Magnetometer, Gyroscope, and Accelerometer}, Optical Sensors {Passive Infrared Sensor & Thermopile and Micro Bolometer}, Pressure Sensors, and Ultrasonic Sensors] and Actuators [Microfluidics, Micro Speakers, Optical MEMS, RF MEMS [Filter, Switch, and Oscillator], Ultrasonic Finger Prints, and Others]), Applications (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial, Telecommunication, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-4129 | 4.9 Rating | 77 Reviews | 212 Pages | Format : PDF Excel PPT

Report Description


The global micro electromechanical system market is estimated to register a high CAGR during the forecast period, between 2021 and 2028.  Micro electromechanical systems (MEMS) are advanced systems and deployment of technology that combine mechanical and electrical components. Micro-electromechanical systems technology consists of very small mechanical parts that move electrical components. Sensors such as gyroscopes, accelerometers, inertial modules, digital compasses, humidity sensors, pressure sensors, and microphones are made by using this technology. The impending requirement for device shrinking in various electronic devices such as wearable devices, smartphones, medical equipment, and other electronic devices are likely to propel the MEMS market forward.

Global Micro Electromechanical System Market summary

  • Growing smartphone penetration and rising popularity of the Internet of Things (IoT) are expected to fuel the market expansion.
  • Technology advancement that leads to mass production of micro sensors at lower cost is one of the primary factors driving market expansion growth.
  • Increasing demand for the micro electromechanical systems in the automation sector propels the expansion of the market.
  • Lack of a standardized production process for MEMS and the inclusion of sensors in devices lowers device life and adds extra cost are hindering market expansion.
  • The enormous complexity of these device systems and design is expected to be a major barrier to market growth.
  • Major development in driverless cars, increasing adoption of wearable devices, and new applications in the biomedical sector are likely to provide profitable opportunities for the expansion market.

Scope of the report:

The report on the global micro electromechanical system market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Micro Electromechanical System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Types (Sensors [Combo Sensors, Environment Sensors, Inertial Sensors {Magnetometer, Gyroscope, and Accelerometer}, Optical Sensors {Passive Infrared Sensor & Thermopile and Micro Bolometer}, Pressure Sensors, and Ultrasonic Sensors] and Actuators [Microfluidics, Micro Speakers, Optical MEMS, RF MEMS [Filter, Switch, and Oscillator], Ultrasonic Finger Prints, and Others]), Applications (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial, Telecommunication, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

STMicroelectronics N.V.; TE Connectivity Corp.; Sensata Technologies Holding N.V.; Panasonic Corp.; Denso Corp.; Texas Instruments Inc.; Broadcom Ltd.; NXP Semiconductors N.V.; Honeywell International Inc.; Analog Devices, Inc.; Knowles Corp.; Robert Bosch GmbH; and Taiwan Semiconductor Manufacturing Co. Ltd.

Micro Electromechanical System Market Segment Insights:

Sensors segment is projected to hold significant market share

Based on types, the micro electromechanical system market is bifurcated into sensors and actuators. The sensors segment is further classified into combo sensors, environment sensors, inertial sensors, optical sensors, pressure sensors, and ultrasonic sensors. The inertial sensors segment is further sub-divided into magnetometer, gyroscope, and accelerometer. The optical sensors segment is sub-bifurcated into passive infrared sensor & thermopile and micro bolometer. Furthermore, the actuators segment is further sub-categorized into microfluidics, micro speakers, optical MEMS, RF MEMS, ultrasonic finger prints, and others. The RF MEMS segment is further sub-segmented into filter, switch, and oscillator. The sensors segment is projected to hold significant market share. MEMS sensors are used in a wide range of technological applications across industries ranging from automotive to medical. MEMS sensor are widely applied in the automotive industry owing to greater automation in automotive manufacturing and the introduction of connected autonomous vehicles.

Global Micro Electromechanical System Market types

Consumer electronics segment is anticipated to account for substantial share

On the basis of applications, the market is divided into aerospace & defense, automotive, consumer electronics, healthcare, industrial, telecommunication, and others. The consumer electronics segment is anticipated to account for substantial share of the market owing to wide use of the system in various consumer electronics goods such as cellphones, incorporate a variety of accelerometers, gyroscopes, and other sensors. Furthermore, these sensors are increasingly being integrated into high-end low-cost phones, smartphones, and wearables such as fitness trackers and Internet of Things (IoT) apps. MEMS sensors frequently have lower costs and are smaller in size with less power than discrete sensor equivalents. They can also be incorporated for the manufacturing of signal conditioning circuitry in the same semiconductor package. 

Global Micro Electromechanical System Market application

Asia Pacific is expected to dominate the market

In terms of regions, the micro electromechanical system market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market owing to wide investment to improve the process control and manufacturing from major countries such as Japan, China, Taiwan, and South Korea. Furthermore, the region is home to numerous well-known market vendors and contract fabrication firms. Furthermore, government legislation to boost industrial automation, passenger safety, environmental monitoring, and other areas are pushing the development of new MEMS sensors. South Korea is one of the world's largest makers and exporters of semiconductors. China is substantially investing in the development of a MEMS supply chain. The presence of senior population in Japan, China, and South Korea is expected to increase demand for healthcare services during the forecast period, creating opportunities for devices such as ventilators, dialysis, inhalers, and blood pressure monitoring devices.

Global Micro Electromechanical System Market region

Segments

By Types

  • Sensors
    • Combo Sensors
    • Environment Sensors
    • Inertial Sensors
      • Magnetometer
      • Gyroscope
      • Accelerometer
    • Optical Sensors
      • Passive Infrared Sensor & Thermopile
      • Micro bolometer
    • Pressure Sensors
    • Ultrasonic Sensors
  • Actuators
    • Microfluidics
    • Micro Speakers
    • Optical MEMS
    • RF MEMS
      • Filter
      • Switch
      • Oscillator
    • Ultrasonic Finger Prints
    • Others

By Applications

  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Industrial
  • Telecommunication
  • Others

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • STMicroelectronics N.V.
  • TE Connectivity Corp.
  • Sensata Technologies Holding N.V.
  • Panasonic Corp.
  • Denso Corp.
  • Texas Instruments Inc.
  • NXP Semiconductors N.V.
  • Broadcom Ltd.
  • Honeywell International Inc.
  • Analog Devices, Inc.
  • Knowles Corp.
  • Robert Bosch GmbH
  • Taiwan Semiconductor Manufacturing Co. Ltd.

Competitive Landscape

Key players in the global micro electromechanical system market are STMicroelectronics N.V.; TE Connectivity Corp.; Sensata Technologies Holding N.V.; Panasonic Corp.; Denso Corp.; Texas Instruments Inc.; Broadcom Ltd.; NXP Semiconductors N.V.; Honeywell International Inc.; Analog Devices, Inc.; Knowles Corp.; Robert Bosch GmbH; and Taiwan Semiconductor Manufacturing Co. Ltd. These players have adopted several business development activities such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Global Micro Electromechanical System Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro Electromechanical System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Micro Electromechanical System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Micro Electromechanical System Market - Supply Chain
  4.5. Global Micro Electromechanical System Market Forecast
     4.5.1. Micro Electromechanical System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Micro Electromechanical System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Micro Electromechanical System Market Absolute $ Opportunity
5. Global Micro Electromechanical System Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Micro Electromechanical System Market Size and Volume Forecast by Types
     5.3.1. Sensors
     5.3.2. Actuators
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Micro Electromechanical System Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Micro Electromechanical System Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Micro Electromechanical System Demand Share Forecast, 2019-2026
7. North America Micro Electromechanical System Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Micro Electromechanical System Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Micro Electromechanical System Market Size and Volume Forecast by Types
     7.4.1. Sensors
     7.4.2. Actuators
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Micro Electromechanical System Demand Share Forecast, 2019-2026
8. Latin America Micro Electromechanical System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Micro Electromechanical System Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Micro Electromechanical System Market Size and Volume Forecast by Types
     8.4.1. Sensors
     8.4.2. Actuators
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Micro Electromechanical System Demand Share Forecast, 2019-2026
9. Europe Micro Electromechanical System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Micro Electromechanical System Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Micro Electromechanical System Market Size and Volume Forecast by Types
     9.4.1. Sensors
     9.4.2. Actuators
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Micro Electromechanical System Demand Share Forecast, 2019-2026
10. Asia Pacific Micro Electromechanical System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Micro Electromechanical System Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Micro Electromechanical System Market Size and Volume Forecast by Types
     10.4.1. Sensors
     10.4.2. Actuators
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Micro Electromechanical System Demand Share Forecast, 2019-2026
11. Middle East & Africa Micro Electromechanical System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Micro Electromechanical System Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Micro Electromechanical System Market Size and Volume Forecast by Types
     11.4.1. Sensors
     11.4.2. Actuators
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Micro Electromechanical System Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Micro Electromechanical System Market: Market Share Analysis
  12.2. Micro Electromechanical System Distributors and Customers
  12.3. Micro Electromechanical System Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. STMicroelectronics N.V.
     12.4.2. TE Connectivity Corp.
     12.4.3. Sensata Technologies Holding N.V.
     12.4.4. Panasonic Corp.
     12.4.5. Denso Corp.
     12.4.6. Texas Instruments Inc.
     12.4.7. Broadcom Ltd.

Methodology

Our Clients

The John Holland Group
FedEx Logistics
Dassault Aviation
General Electric
General Mills
Pfizer
Deloitte
Siemens Healthcare