A spectacular CAGR of 10.2 percent is predicted for the micro-electromechanical system (MEMS) market, which is projected to reach US$ 14.4 billion in 2022. (2022-2029). Shipments of micro-electromechanical systems are anticipated to reach a value of US$28.4 billion by 2029.
MEMS technology is used to improve communication circuit performance and cut costs associated with power consumption. Information collecting, missile guiding, and security monitoring in wireless communication satellite systems are some of the military applications of microelectromechanical system technology.
Micro-electromechanical systems have a number of benefits over typical macro systems for mechanical and electrical operations, including quicker response times, more efficient power consumption, and lighter design. These benefits make MEMS-based devices more desirable for communication and connection applications. Radiofrequency (RF) MEMS technology is specifically developed for electronics in wireless communication applications such as radars, steerable antennae, and global positioning satellite systems (GPS).
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Key Takeaways of Micro-electromechanical System Market Study
- Application of micro-electromechanical systems in consumer electronics is expected to gain traction, owing to increasing demand for MEMS-based microphones, sensors, and oscillators in smart devices such as wearables, smartphones, laptops, and others.
- Adoption of MEMS sensors is projected to increase at a striking rate during the forecast period, due to growing usage of gyroscopes, accelerometers, pressure sensors, humidity sensors, temperature sensors, and proximity sensors for applications in medical devices, home automation devices, autonomous vehicles, and others.
- Asia Pacific Excluding Japan is anticipated to dominate the global micro-electromechanical system market due to rising demand from major industries such as automotive, consumer electronics, and industrial verticals in developing economies such as China, India, and other South-East Asian countries.
Increasing Application in Automobile Sector to Boost Growth of MEMS Market
In the automotive industry, MEMS are utilised in a variety of applications including telematics, airbag systems, anti-theft systems, electronic stability control of automobiles, and other dynamic applications for vehicles. Additionally, MEMS-based lead frame packaging solutions offer the best thermal conductivity to guarantee the optimum heat dissipation qualities needed by certain applications like rollover detection and car security systems. Additionally, these micro-electromechanical systems are employed for tyre pressure detection, rollover detection, and sliding detection in order to ensure the safety of the passengers.
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For instance, in May 2021, STMicroelectronics, a leading provider of MEMS motion sensors for customer products, added a new high-accuracy and high-stability MEMS motion sensor (IIS3DHHC). This IIS3DHHC MEMS sensor is a 3-axis accelerometer to secure accuracy over time and temperature, with 10-year product longevity for advanced industrial sensing.
More Valuable Insights on Micro-Electromechanical System Market
FMI’s report on the micro-electromechanical system market is segmented into major sections, such as MEMS-based device (MEMS sensors [accelerometers, gyroscopes, humidity, pressure, proximity, and temperature sensors], MEMS audio devices [MEMS microphones and MEMS speakers], MEMS switches, MEMS actuators, and MEMS oscillators), and application (consumer electronics, automotive, aerospace & defense, healthcare, telecommunications, and industrial), and region, to help readers understand and evaluate lucrative opportunities in the MEMS market.
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