New Analysis From Global Industry Analysts Reveals Steady Growth In Micro-Electro-Mechanical Systems (MEMS), With Market Expected To Reach $16.9 Billion Worldwide By 2026

SAN FRANCISCO, February 22, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Micro-Electro-Mechanical Systems (MEMS) – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.

Micro-Electro-Mechanical Systems (MEMS) – FEB Report 2022

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Editing: 21; Published: February 2022
Executive Pool: 24089
Companies: 113 – Players covered include Analog Devices, Inc.; Canon, Inc.; Denso Corporation; Hewlett-Packard LP Development Company; InvenSense, Inc.; Knowles Electronics, LLC. ; Panasonic Corporation; Robert Bosch GmbH; Sensata Technologies, Inc.; STMicroelectronics SA; Texas Instruments, Inc. and others.
Blanket: All major geographies and key segments
segments: End use (consumer electronics, automotive, industrial, healthcare, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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ABSTRACT-

Global Micro-Electro-Mechanical Systems (MEMS) Market to Reach US$16.9 billion by 2026
Microelectromechanical systems (MEMS) include extremely small electrical components and moving mechanical parts. MEMS technology is used to produce sensors such as gyroscopes, microphones, accelerometers, digital compasses, pressure sensors, inertial modules and humidity sensors. MEMS are the primary enabling technology for developments in the healthcare, transportation and telecommunications sectors. Advantages such as reduced mass, small size, low cost and low power consumption contribute to increased adoption of MEMS devices in the telecommunications and consumer electronics industries. MEMS technology is increasingly preferred in the automotive industry as well as for vehicle safety systems, including airbag systems. The growing incorporation of MEMS sensors in several consumer electronics devices is another major driver for the growth of the global market. Factors such as growing demand for smart devices and increasing adoption of IoT in semiconductors are driving the growth. There is significant growth potential in the healthcare MEMS device market. MEMS technology is useful in diagnostic applications, medical tools such as insulin micropumps and endoscopic pills, and medical research. The segment is expected to be driven primarily by government initiatives, technological advancements, and rising healthcare spending.

Amid COVID-19 Crisis, Global Micro-Electro-Mechanical Systems (MEMS) Market Estimated at US$12.8 billion in 2022, is expected to reach a revised size of US$16.9 billion by 2026, growing at a CAGR of 6.7% over the analysis period. Consumer electronics, one of the segments analyzed in the report, is expected to grow at a CAGR of 7.3% to reach US$10.3 billion at the end of the analysis period. After an in-depth analysis of the business implications of the pandemic and induced economic crisis, Automotive segment growth is readjusted to a revised CAGR of 5.9% for the next 7-year period. This segment currently accounts for a 15.1% share of the global micro-electromechanical systems (MEMS) market. Consumer electronics segment accounts for the largest share owing to the increasing use of MEMS technology in smartphones, tablets, laptops, handheld devices, digital cameras, game consoles, media players and portable navigation devices in recent years. Rising demand for vehicle automation, growing trend towards driverless cars, increasing number of electric cars, and intense competition within the automotive industry are some of the major factors that are expected to drive the demand for sensors in the automotive industry.

The US market is estimated at $2.2 billion in 2022, when China is expected to reach $3.9 billion by 2026
The Micro-Electro-Mechanical Systems (MEMS) Market in the United States is estimated at US$2.2 billion in 2022. The country currently accounts for a 17.28% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$3.9 billion in 2026 with a CAGR of 8% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 5.2% and 5.7% respectively over the analysis period. In Europe, Germany is expected to grow around 6% CAGR while the rest of the European market (as defined in the study) will reach US$320.5 million at the end of the analysis period. Asia Pacific is the largest MEMS market. In Asia Pacificcountries like Japan, China, Taiwanand South Korea represent a major contribution to product manufacturing and process control. These countries are home to some market-leading vendors as well as contract manufacturing companies such as TSMC.

Industry segment to reach $2.3 billion by 2026

MEMS technology allows electronics to be combined with mechanical elements in devices such as valves, actuators and sensors embedded in semiconductor chips. This capability is driving increased adoption of MEMS in almost every industrial sector. Pressure sensors and inertial sensors such as gyroscopes and accelerometers are at the origin of the applications of MEMS technology in the field of industrial automation. In the global industrial segment, United States, Canada, Japan, China and Europe will drive the CAGR of 5.92% estimated for this segment. These regional markets representing a combined market size of US$994.7 million will reach a projected size of US$1.5 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$607.2 million by 2026, while Latin America will grow at a CAGR of 6.8% over the analysis period. Continued

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