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.
North American MEMS technology market is expected to grow from $9.0 billion in 2023 to $13.2 billion in 2028 at a CAGR of 7.9% for the forecast period of 2023 to 2028.
Asia-Pacific MEMS technology market is expected to grow from $11.0 billion in 2023 to $16.7 billion in 2028 at a CAGR of 8.7% for the forecast period of 2023 to 2028.
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 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.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing the Study
Scope of Report
What's New in This Update?
Research Methodology
Information Sources
Geographic Breakdown
Chapter 2 Summary and Highlights
Market Outlook
Market Summary and Highlights
Chapter 3 Market Overview
Overview
MEMS Manufacturing Technologies
Micromachining
Etching
Laser Microfabrication
Powder Blasting
Micro-molding
Hot Embossing Lithography (HEL)
Computer Aided Design (CAD)
MEMS Packaging
Value Chain Analysis
Research and Development (R&D)
Design and Simulation
Fabrication and Manufacturing
Packaging and Assembly
Testing and Quality Control
Distribution and Sales
Integration into End Products
End Users
Porter's Five Forces Analysis
Threat of New Entrants
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of Substitutes
Intensity of Competitive Rivalry
Chapter 4 Market Dynamics
Overview
Market Drivers
High Adoption Rate of MEMS, Consumer Electronics Devices
Rising Popularity of Internet of Things (IoT) in Manufacturing Industry
Market Challenges
Lack of Standardized Fabrication Processes for MEMS
Substitution of MEMS, by Nano Electromechanical Systems (NEMS)
Market Opportunities
High Growth in Automotive Applications
Rising Use of Radio Frequency (RF) MEMS
Chapter 5 Market Breakdown by Material
Overview
Silicon
Polymer
Metals
Chapter 6 Market Breakdown by Device Type
Overview
Sensors
Inertial Sensors
Pressure Sensors
Microphones
Environmental Sensors
Optical Sensors
Other Sensor Types
Actuators
Optical Actuators
Microfluidics
Radio Frequency (RF)
Other Actuator Types
Chapter 7 Market Breakdown by Application
Overview
Consumer Electronics
Automotive
Life Sciences
Industrial
Others
Chapter 8 Market Breakdown by Region
Overview
North American Market Outlook
European Market Outlook
Asia-Pacific (APAC) Market Outlook
Rest of the World Market Outlook
Chapter 9 Environmental, Social and Governance (ESG) Developments