According to a new market report published by Lucintel, the future of the MEMS market looks promising with opportunities in the automotive, consumer electronics, defense, industrial, telecommunication, and medical industries. The global MEMS market is expected to reach an estimated $19 billion by 2027 with a CAGR of 6% from 2021 to 2027. The major drivers for this market are increasing popularity of IoT in semiconductors, increasing demand for smart consumer electronics and wearable devices, and growing adoption of automation in industries and homes.
In this market, sensors and actuators are the major type of MEMS. Lucintel forecasts that sensor will remain the largest segment over the forecast period as they are low-cost, high-precision inertial sensors used to serve a wide variety of industry applications.
Within the MEMS market, consumer electronics will remain the largest end use segment over the forecast period due to increasing adoption of smartphones and wearable devices.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the presence of emerging economies, like China and India, along with increasing growth of the automobile and consumer electronics segments.
Broadcom, Robert Bosch, STMicroelectronics, Texas Instruments, and Qorvo are among the major suppliers of MEMS.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global MEMS market by type, end use, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global MEMS Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global MEMS market by type, end use, and region as follows:
By Type [Value ($M) shipment analysis for 2016 – 2027]:
·Sensors
oInertial Sensor
oPressure Sensor
oOptical Sensor
oEnvironment Sensor
oUltrasonic Sensor
·Actuators
oOptical MEMS
oMicrofluidics
oRF MEMS
oOthers
By End Use [Value ($M) shipment analysis for 2016 – 2027]:
·Automotive
·Consumer Electronics
·Defense
·Industrial
·Medical
·Telecommunication
·Others
By Region [Value ($M) shipment analysis for 2016 – 2027]:
·North America
−US
−Canada
−Mexico
·Europe
−Germany
−The United Kingdom
−France
−Italy
·Asia Pacific
−China
−Japan
−India
−South Korea
The Rest of the World
Browse 68 market data tables and 107 figures spread through 205 pages and in-depth TOC on “MEMS Market"
To download report brochure, please go to and click "report brochure" tab from the menu. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/mems-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global MEMS market by type (sensor and actuator), end use (automotive, consumer electronics, defense, industrial, medical, telecommunication, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?