Microelectromechanical Systems (MEMS) Market to Witness Substantial Growth Through 2025
Launch of new devices such
as accelerometers, gyroscope and pressure sensors to drive global
Microelectromechanical Systems (MEMS) market
According to
TechSci Research report, “Global Microelectromechanical Systems (MEMS) Market By Product Type (Inertial Sensors (Magnetometer,
Combo Sensor, Gyroscopes, Actuators, Accelerometers), Pressure Sensors,
Microphones, Bio-MEMS, Micro Fluidic Devices, Oscillators, Others), By Manufacturing
Methods (Bulk Micromachining, Surface Micromachining, High Aspect Ratio (HAR)
Silicon Micromachining), By Material (Silicon, Polymers, Metals, Ceramics,
Others), By Application (Consumer Electronics, Automotive, Industrial,
Aerospace & Defense, Healthcare, Telecommunication, Others), By Region,
Forecast & Opportunities, 2025”, the market is expected to witness
tremendous growth during the forecast period owing to increasing demand from
consumer, healthcare and automotive sectors. There is a spurring demand for
microelectromechanical systems from automotive sector due to the launch of new
devices including accelerometers, pressure sensor, inertial sensors, gyroscope
and others. Moreover, increasing usage of microelectromechanical technology in
consumer electronic devices like wearable devices, tablets, and smart phones is
acting as key growth driver for this market. Also, shifting focus of
electronics industry from traditional sensors to MEMS technology is anticipated
to fuel the market growth through 2025.
Additionally, growing popularity of Internet of Things
(IoT) and innovative application in biomedical sector are some key factors
propelling the growth of Microelectromechanical Systems (MEMS) market. This
technology’s ability to communicate easily with semiconductor chips is leading
to its growing adoption in nearly every industrial sector. The market is also
witnessing increasing adoption of MEMS technology in automotive vertical for
vehicle security systems and airbag system. Further, rising demand for motion sensors,
microphones, and light sensors for IoT devices are providing huge growth
opportunities for global Microelectromechanical Systems (MEMS) market.
However, the market might also face some restraints.
High cost of Microelectromechanical Systems (MEMS) might limit the growth of
this market. Also, challenges related to size and changing technological
environment might hamper the growth of Microelectromechanical Systems (MEMS)
market.
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The global Microelectromechanical
Systems (MEMS) market is segmented based on product type, manufacturing method,
material, application and region. Based on product type, the market is
segmented into inertial sensors, pressure sensors, microphones, bio-mems, micro
fluidic devices, oscillators and others. The inertial sensors segment is further
segmented into magnetometer, combo sensor, gyroscopes, actuators and accelerometers.
Among them, the inertial sensors segment is expected to undergo fastest growth
through 2025 owing to rapid usage of inertial sensors including accelerometer,
magnetometer, inertial combo sensor, gyroscope in automotive vertical.
Based on
application, the global Microelectromechanical
Systems (MEMS) market is categorized into consumer electronics, automotive,
industrial, aerospace & defense, healthcare, telecommunication and others.
Among them, the consumer electronics application accounted for largest market share
in 2019 and is further expected to undergo fastest growth through 2025 owing to
increasing usage of microelectromechanical systems in electronics devices such
as smartphones, tablets, and laptops.
Major players operating in the global
Microelectromechanical Systems (MEMS) market include Panasonic Corporation,
STMicroelectronics N.V., Texas Instruments, Analog Devices Inc., Broadcom,
Denso Corporation, NXP Semiconductors, Knowles Corporation, Asahi Kasei
Microdevices Corporation (AKM), Freescale Semiconductors, Inc., GE Sensing
& Inspection Technologies GmbH, Sensata Technologies, Inc., Honeywell
International, Inc., Murata Manufacturing Company Ltd. and TriQuint
Semiconductor. The companies are engaging in partnerships and strategic
investments to increase their global market share.
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“Asia-Pacific is
the leading market for Microelectromechanical Systems (MEMS) as the region is
undergoing rapid industrial development. Countries such as Japan, South Korea,
etc., are acting as a lucrative market owing to increasing miniaturization and
communication capabilities in automobiles sector. Also, various government
initiatives in developing economies such as China to provide financial aid to its local semiconductor industry is
supporting the growth of Microelectromechanical Systems (MEMS) market,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Microelectromechanical Systems (MEMS) Market
By Product Type (Inertial Sensors (Magnetometer, Combo Sensor, Gyroscopes,
Actuators, Accelerometers), Pressure Sensors, Microphones, Bio-MEMS, Micro
Fluidic Devices, Oscillators, Others), By Manufacturing Methods (Bulk
Micromachining, Surface Micromachining, High Aspect Ratio (HAR) Silicon
Micromachining), By Material (Silicon, Polymers, Metals, Ceramics, Others), By Application
(Consumer Electronics, Automotive, Industrial, Aerospace & Defense,
Healthcare, Telecommunication, Others), By Region, Forecast & Opportunities,
2025” has evaluated
the future growth potential of global Microelectromechanical Systems (MEMS) market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global Microelectromechanical Systems (MEMS) market.
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