Micro-Electro-Mechanical System (MEMS) Market Analysis

Micro-Electro-Mechanical System Market Analysis

In terms of type, the micro-electro-mechanical system (MEMS) market from the sensors segment is speculated to reach more than USD 15 billion in revenue by 2032. The report cites that the increasing application of MEMS Sensors in handling and controlling machinery, digital compass, GPS tracking, managing grippers, robotics, and automobiles in the automotive, chemical & pharmaceutical, industrial automation, and manufacturing sectors is slated to benefit segment outlook.
 

Micro-electro-mechanical system market share from the gyroscope sensors segment is anticipated to grow at over 5% CAGR from 2023 to 2032. The substantial use of gyroscopes in inertial navigation systems of airplanes, ships, drones, spacecraft, and satellites due to their size-suitability and affordability is set to propel product adoption. To cite an instance, all Indian Space Research Organization (ISRO) satellites are incorporated with gyro sensors to determine velocity and body rate information. Moreover, electronic devices, including wearable technology, mobile phones, and tablets, use these sensors to detect changes in orientation and motion.
 

With respect to industry vertical, the micro-electro-mechanical system market is divided into automotive, medical, consumer electronics, aerospace & defense, industrial, telecom, and others. In 2022, the consumer electronics segment captured nearly 40% share of the MEMS market, the report claims. Recent technological breakthroughs, the surging deployment of the Internet of Things (IoT) & AI, and the escalating need for small-sized consumer gadgets are improving the segment size. In February 2022, STMicroelectronics launched the Intelligent Sensors Processing Unit that combines Digital Signal Processor adapted to run AI algorithms and microelectromechanical sensors on the same silicon while reducing the size of system-in-package equipment.
 

Asia Pacific micro-electro-mechanical system market accounted for over 40% of the overall industry revenue in 2022. The presence of several significant consumer electronics companies and supportive R&D investments to create novel products in keeping with the changing demands of various industries in the APAC region is foreseen to drive industry growth over the next ten years.