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Microelectromechanical Systems (MEMS) Market - Global Industry Analysis

Microelectromechanical Systems (MEMS) Market For Automotive, Consumer Electronics, Industrial, Healthcare, Aerospace & Defense, And Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020-2028

Published Date: 30-Jul-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 120 Report Code: ZMR-2257 Status : Published

The global Microelectromechanical Systems (MEMS) accounted for USD 16.4 Billion in 2020 and are expected to reach USD 27.7 Billion by 2028, growing at a CAGR of around 6.5% between 2021 and 2028.

Description

Market Overview     

The global Microelectromechanical Systems (MEMS) accounted for USD 16.4 Billion in 2020 and are expected to reach USD 27.7 Billion by 2028, growing at a CAGR of around 6.5% between 2021 and 2028.   

Micro-Electro-Mechanical Systems, or MEMS, maybe a technology wont to create tiny integrated devices or systems that combine mechanical and electrical components using the techniques of microfabrication. Generally, these elements are fabricated using microcircuit (IC) execution techniques and their size gets vary from well below one micron on the lower end of the dimensional spectrum, allowing to several millimeters. MEMS has been well-known together as the foremost promising technologies and it prospective to develop both industrial and consumer products by combining silicon-based microelectronics with micromachining technology. MEMS devices are small in size. Their components are usually microscopic. Levers, gears, pistons, also as motors, and even steam engines, have all been fabricated by MEMS.

COVID-19 Impact Analysis  

The spread of the COVID-19 pandemic from China has impacted the worldwide Microelectromechanical Systems (MEMS) market considerably. The rapid spread of the pandemic has compelled governments to initiate lockdowns in several countries, disrupting supply chains and shutting down numerous manufacturing plants. The slowdown caused within the production of the latest Microelectromechanical Systems (MEMS) is predicted to hamper market growth over the forecast period. Industry players are increasingly adopting innovative and remote working policies to stop the spread of COVID-19 at workplaces. Thus, the demand for Microelectromechanical Systems (MEMS) is predicted to extend owing to the rising adoption of advanced technologies within the global automotive, medical, and chemical sectors.

Growth Factors

An increase in demand for consumer electronics and wearable devices is anticipated to spice up the microelectromechanical systems market over the forecast period. Moreover, increased demand from the automotive and healthcare sector is probably going to trigger the marketplace for microelectromechanical systems. Nonetheless, developing new applications areas for MEMS in commodity and therefore the medical, surgical or increasing adoption in healthcare segment is expected open new avenues for the market growth over subsequent few years.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

Based on sensor types, the MEMS market is divided into inertial, pressure, microphone, environmental, optical, and others.  Inertial is the largest segment of the global MEMS market in the year 2016 in terms of revenue and is anticipated to expand at a faster rate over the coming years.   Based on end-user, the global market for MEMS is divided into consumer electronics, aerospace & defense, automotive, industrial, healthcare and others. Consumer electronics dominated the segment in the year 2016 and anticipated to remain the leading segment over the forecast period, expanding at the fastest rate compared to all other applications. The growing popularity of connected lifestyles is creating a huge impact on the consumer electronics segment.

Regional Analysis Preview

Asia Pacific leads the segment and is expected to experience high demand for MEMS in electronics, information technology, automotive, and healthcare industries. Europe and North America are expected to grow at a significant rate in years to come.   Being a lucrative industry for consumer electronics like smartphones and laptops, the Asia Pacific MEMS market contributed to over 53% of the general revenue in 2015. Japan is estimated to witness tremendous growth over the approaching years due to increasing miniaturization and communication capabilities in automobiles.

Key Market Players & Competitive Landscape

The major players that are comprised in Microelectromechanical Systems (MEMS) market are STMicroelectronics, Texas Instruments Inc., Robert Bosch GmbH, Hewlett-Packard Company, Knowles Electronics, Canon Inc., Denso Corporation, Panasonic Corporation, Avago Technologies, InvenSense, Inc., Analog Devices, Inc., and Sensata Technologies, are some of the leading key players in microelectromechanical systems market.

The global Microelectromechanical Systems (MEMS) is segmented as follows:

By Application

  • Automotive
  • Consumer Electronics
  • Industrial
  • Healthcare
  • Others

By Type

  • Inertial Combo 
  • Pressure
  • Microphone
  • Environmental
  • Optical

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Microelectromechanical Systems (MEMS), 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Microelectromechanical Systems (MEMS) – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Industrial
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Automotive
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Healthcare
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Consumer & Electronics
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Microelectromechanical Systems (MEMS) – Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 5.2. Inertial Combo
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Pressure
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Microphone
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Environmental
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Optical
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Plant Factory Grow Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Microelectromechanical Systems (MEMS) – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. By Application Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Microelectromechanical Systems (MEMS): Company Market Share, 2019
      • 8.1.2. Global Microelectromechanical Systems (MEMS), Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Microelectromechanical Systems (MEMS), Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Microelectromechanical Systems (MEMS): Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. STMicroelectronics
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Texas Instruments Inc.
    • 9.3. Robert Bosch GmbH
    • 9.4. Hewlett-Packard Company
    • 9.5. Knowles Electronics
    • 9.6. Canon Inc.
    • 9.7. Denso Corporation
    • 9.8. Panasonic Corporation
    • 9.9. Avago Technulogies
    • 9.10. InvenSense, Inc.
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Microelectromechanical Systems (MEMS) market. Zion Research has collected and analyzed key data belong to the global Microelectromechanical Systems (MEMS) market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Microelectromechanical Systems (MEMS) across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Microelectromechanical Systems (MEMS) industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Microelectromechanical Systems (MEMS) market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Microelectromechanical Systems (MEMS) have played key roles in many important areas such as automated manufacturing, health care, transportation, communication, environmental monitoring, defense systems, and a wide range of consumer products. MEMS offering attractive characteristics such as reduced size, weight, and power dissipation and improved speed and precision compared to their macroscopic counterparts. Integrated circuits (IC) fabrication technology has been the primary enabling technology for MEMS besides a few special etching, bonding, and assembly techniques.

Increasing adoption of this technology in consumer electronic devices such as tablets and smart phones are expected to be the major drivers for the global MEMS market. Advancement in sensor fusion technology and Growing IoT sector is expected to support the Microelectromechanical systems market growth in the near future. However, lack of technical awareness and highly complex manufacturing process may curb the demand for MEMS within the forecast period.

icroelectromechanical-Systems-(MEMS)-Market

Inertial, pressure, microphone, environmental, optical are the sensor types of MEMS systems. The inertial segment includes the accelerometer, gyroscope, magnetometer sensor. Inertial combo sensor segment dominated the market in the year 2016 and is expected to continue leading the market for next few years. Microphone and environmental are also expected to grow at significant rate in years to come.

Different end-user segments of the microelectromechanical systems market include consumer electronics, aerospace & defense, automotive, industrial, healthcare and others. Consumer electronics dominated the MEMS market in 2016 and accounted for over 40% share of the total market. It is expected to grow at a significant rate during the forecast period due to the increasing usage of MEMS in electronics such as wearable devices, smartphones, tablets, and laptops, portable devices as well as e-readers. Automotive and aerospace & defense are expected to a most attractive segment of this market. Healthcare segment is expected to grow at the highest rate due to rising healthcare expenditure, high adoption of MEMS for clinical monitoring applications, imaging applications, diagnostic and treatment equipment positioning applications.

Asia Pacific emerged as largest market of Microelectromechanical systems that accounted for the highest revenue share of the total market in 2016. It is also predicted to be the fastest-growing market of MEMS due to the growing consumer electronics such as smart phones and laptops. Rising sales of tablets, smart phones, and other mobile devices in countries such as China and India are likely to witness the exponential expansion of MEMS market in the region during the coming years. Europe and North America are expected to show strong growth in automotive sector due to advanced technology. Additionally, Latin America is projected to grow at a moderate rate within the forecast period.

Some of the key players in microelectromechanical systems market include  STMicroelectronics, Texas Instruments Inc., Robert Bosch GmbH, Hewlett-Packard Company, Knowles Electronics, Canon Inc., Denso Corporation, Panasonic Corporation, Avago Technologies, InvenSense, Inc., Analog Devices, Inc. and Sensata Technologies, among others.


Frequently Asked Questions

The global Microelectromechanical Systems (MEMS) were valued at USD 16.4 Billion in 2020.

The global Microelectromechanical Systems (MEMS) is expected to reach USD 27.7 Billion by 2028, growing at a CAGR of 6.5% between 2021 to 2028.

Rising acceptance of new technology in consumer electronic equipment such as smartphones, wearable devices, and tablets are anticipated to augment Microelectromechanical Systems (MEMS) market size in the years ahead.

Asia Pacific has been leading the worldwide Microelectromechanical Systems (MEMS) and is anticipated to continue in the dominant position in the years to come.

The major players that are comprised in Microelectromechanical Systems (MEMS) market are STMicroelectronics, Texas Instruments Inc., Robert Bosch GmbH, Hewlett-Packard Company, Knowles Electronics, Canon Inc., Denso Corporation, Panasonic Corporation, Avago Technologies, InvenSense, Inc., Analog Devices, Inc., and Sensata Technologies, are some of the leading key players in microelectromechanical systems market.

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