MEMS Market Outlook and Forecasts 2021 – 2028

MEMS Market Outlook and Forecasts 2021 – 2028

Microelectromechanical Systems (MEMS), represent miniaturized mechanical and electro-mechanical elements (devices and structures) that are created using various microfabrication techniques. One of the key areas for MEMS is sensors, particularly in certain emerging market opportunity areas such as virtual reality and Internet of Things (IoT).

Sensors are used for detection of changes in the physical and/or logical relationship of one object to another(s) and/or the environment. Physical changes may include temperature, light, pressure, sound, and motion. Logical changes include the presence/absence of an electronically traceable entity, location, and/or activity. Within an IoT context, physical and logical changes are equally important, so MEMS/sensor systems will increasingly rely upon support from software.

Global MEMS market is a fast-growing sector. Certain high-growth sub-segments, such as IoT, will represent significantly higher growth. APAC will lead the global marketplace by revenue with 40% market revenue following North America with 30% market share. The other three regions of Europe, Latin America, and Middle East & Africa will hold respectively 16%, 10%, and 4% revenue markets.

This report evaluates the MEMS marketplace including ecosystem, players, products, and services. The report provides detailed forecasts of MEMS by function, device, application, and industry vertical. These forecasts are global, regional, and by country for the period 2021 to 2028.

Companies in Report:
• ARM Holdings
• Bosch
• Cisco System Inc.
• InvenSense
• Knowles Electronics
• MediaTek Inc.
• Microchip Technology Inc.
• Micron Technology Inc.
• Qualcomm Atheros Inc.
• Renesas Electronics Corporation
• Samsung Developers
• STMicroelectronics
• Texas Instruments