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Micro-Electro-Mechanical System (MEMS) Market Share

Report ID: GMI5439
Published Date: Feb 2023
Report Format: PDF

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Micro-Electro-Mechanical System Market Share

STMicroelectronics
Bosch Sensortec GmbH
TDK Corporation
TE Connectivity
Murata Manufacturing Co., Ltd.
Honeywell International Inc.

are some key players involved in the micro-electro-mechanical system (MEMS) market. These firms majorly focus on product range expansion and promising collaborations to attain a competitive edge. In a recent instance, in January 2023, xMEMS Labs, a MEMS specialty firm, introduced the Skyline, the distinct solid-state MEMS DynamicVent supporting smart TWS earbuds & listening aids that combine the benefits of open-fit and closed-fit & spatially aware earbuds to deliver smooth user experiences. Advanced TWS earbuds' adaptive transparency and active noise cancellation features can be improved by Skyline's unique DynamicVent technology.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Global micro-electro-mechanical system (MEMS) market was valued at over USD 14 billion in 2022 and is set to progress at more than 5% CAGR between 2023 and 2032 owing to the burgeoning demand for smart consumer electronic devices globally and emerging trends in the automotive sector.

The sensors MEMS segment is anticipated to reach more than USD 15 billion by the end of the forecast period due to soaring use in handling and controlling machinery, digital compass, GPS tracking, managing grippers, robotics, and so on.

The consumer electronics segment captured nearly 40% share of the MEMS industry in 2022 as a result of recent technological breakthroughs, the surging deployment of the Internet of Things (IoT) & AI, and the soaring need for small-sized consumer gadgets.

The Asia Pacific MEMS market accounted for over 40% of the overall industry revenue in 2022 on account of supportive R&D investments to create novel products in keeping with the changing demands of various industries in the region.