Global Micro-electrical-mechanical-systems Market 2016-2020

This market research report analyzes the key players in the global MEMS market which include Analog Devices, Bosch, InvenSense, Knowles, STMicroelectronics, and Texas Instruments. The report also presents a competitive analysis of the market by product (accelerometers, gyroscopes, inertial combos, microphones, optical MEMS, pressure sensors, and RF MEMS), by end-users (automotive, consumer electronics, industrial, medical, and others), and by geography (the Americas, APAC, and EMEA).

Global outlook of the micro-electrical-mechanical- systems (MEMS) market

Technavio’s market research analysts have predicted that the global micro-electrical-mechanical- systems (MEMS) market will grow steadily during the predicted period and will post a CAGR of almost 12% by 2020. This industry research report identifies the increased use of MEMS in medical devices and telecommunication to be one of the major factors that will have a positive impact on the growth of this market in the coming years. MEMS pressure sensors are used in the blood pressure measuring devices, laparoscopic devices, and respiratory disorder diagnostic equipment and can enable medical personnel to accurately control, measure, and monitor the condition of patients. Also, the increasing adoption of smartphones, wearables, Internet of Things (IoT), and big data have resulted in the rise in demand for telecommunication bandwidth. This will increase the use of optical switching techniques, in turn, propelling market growth since optical MEMS are core elements in micromirrors, attenuators, and shutters.  

In terms of geographical regions, APAC will dominate this industry throughout the predicted period and will also account for more than 58% of the total shares of the market by 2020. This mainly attributes to the presence of a number of semiconductor manufacturing companies and end-user markets such as the consumer electronics and automotive components in countries such as China, South Korea, and Taiwan. The availability of low-cost labor and raw materials result in reducing the cost of production, which will also boost the growth of the microelectromechanical systems market in this region in the next four years.

Competitive landscape and key vendors

Characterized by the presence of several MEMS companies, ranging from large semiconductor companies to small pure-play players, that includes a number of international, regional, and local vendors, this market appears to be highly fragmented. Vendors mainly compete on the basis of several factors such as performance, innovation, product features, quality, low cost, selling price, distribution, and financial stability. An increase in product extensions, technological innovations, and M&A will intensify the competitive environment in this market in the next few years. To sustain the competition and to gain a considerable share of the market, it is important for MEMS manufacturers to distinguish their product and service offerings through a clear and unique value proposition. They also have the need to develop new technologies and keep ahead of emerging technologies that can have an impact on their products.

The leading vendors in the market are -

• Analog Devices
• Bosch
• InvenSense
• Knowles
• STMicroelectronics
• Texas Instruments

The other prominent vendors in the market are AAC Technologies, Delphi, GoerTek, Infineon, Maxim Integrated, Murata, Schneider Electric, Sensata Technologies, and Silicon Labs.

Segmentation by product and analysis of the MEMS market

• Accelerometers
• Gyroscopes
• Inertial combos
• Microphones
• Optical MEMS
• Pressure sensors
• RF MEMS

This market research and analysis estimates that the inertial combos segment accounted for more than 27% of the total market share and dominated the industry during 2015. Lower cost and better performance is the primary factor for the growth of this market segment. Inertial combos help integrate data from two different sensors and produce accurate results. The increasing need for sensory interfaces will also fuel the market’s growth prospects as it has resulted in the replacement of other MEMS devices such as discrete accelerometers and gyroscopes by inertial combos.

Segmentation by end-users and analysis of the MEMS market

• Automotive
• Consumer electronics
• Industrial
• Medical

According to this market study, the consumer electronics segment will be the major revenue contributor to the market during the predicted period, and analysts estimate that this segment will account for more than 53% of the total share of the market by 2020. MEMS technology is used to enable display control, motion control, navigation, and gesture recognition features in devices such as smartphones, tablets, cameras, gaming consoles, and wearables. The increase in demand for smartphones and wearable devices will subsequently lead to the growth of this market segment in the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global MEMS market?
• What are the key market trends impacting the growth of the global MEMS market?
• What are the challenges to market growth?
• Who are the key vendors in the global MEMS market?
• What are the market opportunities and threats faced by the vendors in the global MEMS market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global MEMS market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global MEMS Market for Mobile Devices 2016-2020
• Global MEMS Inertial Sensors Market 2015-2019
• Global MEMS Microdisplay Market 2015-2019