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Report Highlights
The global microelectromechanical systems (MEMS) technology market should reach $41.5 billion by 2028 from $28.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.8% for the forecast period of 2023 to 2028.
Report Includes
- 37 data tables and 28 additional tables
- An overview of the current and future global market for microelectromechanical systems (MEMS) technology
- An estimate of the market size and analyses of market trends, with data from 2022, estimates for 2023 and projection of CAGRs through 2028
- A discussion of the market potential for MEMS technology based on device type, application and region
- An analysis of the market dynamics, including growth drivers, inhibitors and opportunities, and insights into the regulatory environments impacting the market
- Examinations of ESG developments; a patent activity; mergers and acquisitions (M&A) and venture fundings; and emerging MEMS technologies
- Profile descriptions of the leading market players in the market of the industry, including Amphenol Corp., GoerTek Inc., Knowles Corp., NXP Semiconductors N.V. and Sensata Technologies Inc.
Report Scope
In this report, the MEMS market was segmented by device type, application and region. The report provides an overview of the global MEMS market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period, 2023 through 2028.
Revenue forecasts for this period are segmented into:
- Device Type: sensors and actuators.
- Application: automotive, consumer electronics, defense/aerospace, industrial, life science, telecom/communications and others.
- Region: North America is segmented into the U.S., Canada and Mexico; Europe is segmented into the UK, France, Germany and Rest of Europe; Asia-Pacific (APAC) is segmented into China, Japan, India and Rest of Asia-Pacific; Rest of the World is segmented into Middle East, Africa and Latin America.
This report was prepared in a simple, easy-to-understand format, with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for MEMS, with reasons given for variations in the growth of the industry in certain regions. The report examines each component of MEMS technology, determines current market size and estimates its future market. The report also analyzes the market from the manufacturers’ viewpoint, as well as that of the final consumer. A number of technical issues arising from MEMS technologies are discussed and solutions are indicated.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||||||||
| Base year market size | $26.8 billion | ||||||||||||||||||||||
| Market size forecast | $41.5 billion | ||||||||||||||||||||||
| Growth rate | CAGR of 7.8% for the forecast period of 2023-2028 | ||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||
| Segments covered | device type, materials, application, and region | ||||||||||||||||||||||
| Regions covered | North America, Asia-Pacific, Europe, and Rest of the World (ROW) | ||||||||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Rest of Europe, China, Japan, India, Rest of Asia-Pacific, Latin America, and Middle East and Africa | ||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Robert Bosch
- Broadcom
- Analog Devices
- STMicroelectronics
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for MEMS devices and production equipment was worth $11.7 billion in 2014. This market is expected to reach $12.8 billion in 2015 and $21.9 billion by 2020, a compound annual growth rate (CAGR) of 11.5% between 2015 and 2020.
Report Includes
- An overview of the global markets for microelectromechanical systems (MEMS) technologies.
- Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Evaluations of the challenges that must be overcome for each segment to realize its potential in order to estimate the probability of successful commercialization.
- Milestones in the development of MEMS.
- Current and potential MEMS applications.
- MEMS applications and end users with the greatest commercial potential through 2020.
- Factors that will influence the long-term development of MEMS.
- MEMS market shares and industry structure.
- Profiles of major players in the industry.
Report Highlights
- The global market for MEMS devices and production equipment was worth $7.2 billion in 2008, and $7.6 billion in 2009. This market will reach $13.2 billion in 2014, a compound annual growth rate (CAGR) of 11.8% between 2009 and 2014.
- Microfluidic MEMS were the largest segment of the MEMS market in 2008 but are expected to lose market share. This sector was valued at $3.5 billion in 2009 and is expected to increase at a compound annual growth rate (CAGR) of 4% to reach $4.3 billion in 2014.
- Accelerometers, which have a projected compound annual growth rate (CAGR) of 29.9% through 2014, are expected to be the second-largest MEMS market segment (after microfluidics MEMS), with more than 20% of the market. This sector was valued at $720 million in 2009 and is expected to be worth $2.7 billion by 2014.
Report Highlights
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Microfluidic MEMS were the largest segment of the MEMS market in 2004, with a market share of over 44%. MEMS inkjet heads totalled $1.8 billion or almost 40% of the global MEMS market in 2004.
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Optical MEMS accounted for nearly 20% of the market in 2004 and MEMS pressure sensors over 18%.
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Accelerometers, which have a projected AAGR of 45% between 2005 and 2010, are expected to be the second largest MEMS market segment by 2010, with over 22% of the market. Gyroscopic MEMS and particularly RF MEMS are also projected to gain significant market share between 2004 and 2010.
Report Highlights
-
By 2007, market revenues will approach $26.4 billion, at an average annual growth rate (AAGR) of 19.1%.
-
Transportation and consumer products currently are two of the largest market sectors, representing respectively, some 31% and 36% of current revenues.
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By 2005, lab-on-a-chip products and services should finally enter the market place in large quantities.
-
MEMS sales in both fiber-optics equipment and wireless systems, including next generation cell phones, will be the major market drivers in the telecom industry.
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However, there still are impediments to growth in almost every sector.
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The global microelectromechanical systems (MEMS) technology market should reach $41.5 billion by 2028 from $28.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.8% for the forecast period of 2023 to 2028.
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