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, 2026”, 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 2026.
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 2026 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 2026 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.
“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.
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“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, 2026” 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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