Microelectromechanical systems Market Expected to Reach $26.8 Billion, Globally, By Top Key Players: Denso Corporation, Avago Technologies, Freescale Semiconductor, and Analog devices, Inc.

The MEMS industry is undergoing rapid change as the electronics industry is shifting its focus from traditional sensors to MEMS technology. Furthermore, the thriving portable electronic market and increasing popularity of Internet of Things (IoT) are expected to drive the demand for MEMS devices in various applications such as smartphones, wearable devices, connected cares, and medical devices.

Microelectromechanical Systems (MEMS) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $26.8 billion by 2022, registering a CAGR of 11.1% during the period 2016-2022.

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MEMS are micrometer-scale devices that integrate electrical and mechanical elements. The global MEMS market is expected to witness high growth rate during the forecast period, owing to high usage in smartphones, major growth in portable electronic market and increase in popularity of Internet of Things (IoT), and robust demand in automation industry. Further, emerging trend of wearable devices, connected cars, smart watches, connected homes, and others are expected to offer new opportunities for market growth.

Consumer electronics was the foremost industry in 2015, and is expected to continue its lead, in terms of market size, in the future as well. Further, automotive and industrial are other lucrative sectors in the MEMS market. Increase in safety concerns and regulatory requirements have driven the growth of this market.

The market is classified based on type into sensors and actuators. Sensors held the largest market share in 2015 owing to the extensive use of gyroscope, accelerometer, and pressure sensor in smartphones, wearable devices, cars, and various medical devices.

Asia-Pacific generated the highest revenue in this market, followed by North America and Europe. China held over 45% revenue share of the overall Asia-Pacific market, due to growth of automobile and consumer electronics segment. Further, LAMEA is expected to witness considerable growth rate during the forecast period, owing to localization of manufacturing facilities within emerging consumer electronics market.

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The MEMS industry displays fair degree of consolidation, with top five industry participants occupying a significant market share. Robert Bosch, STMicroelectronics, and Texas Instruments are few of the leading companies in this industry. Other key players in the industry include Denso Corporation, Avago Technologies, Freescale Semiconductor, and Analog devices, Inc. These players have adopted product launches, expansions, acquisitions, partnerships, and agreements as their key strategies to strengthen their market position and expand their geographical presence.

Key Findings of the Microelectromechanical Systems (MEMS) Market

• In 2015, sensors segment accounted for maximum revenue, with over 50% share, and is projected to grow at a CAGR of 10.7% during the forecast period
• Inertial combos is projected to grow at a CAGR of 13.3%, owing to increase in application of these sensors in smartphones, tablets, and cars.
• Asia-Pacific is anticipated to exhibit the highest CAGR of over 12.2%.
• China is projected to maintain its lead in the MEMS market, in terms of revenue generation, until 2022.
• Consumer electronics and automotive contributed a significant revenue share in the overall market in 2015.

List of Tables

TABLE 1. MEMS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 2. SENSOR MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 3. GYROSCOPE MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 4. ACCELEROMETER MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 5. PRESSURE SENSOR MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 6. INERTIAL COMBOSMARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 7. MICROPHONE MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 8. MAGNETOMETER MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 9. OTHERS (ENVIRONMENT AND OPTICAL SENSOR) MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 10. ACTUATOR MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 11. INKJET SYSTEMS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 12. OPTICAL MEMS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 13. OSCILLATORS AND RESONATORS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 14. MICRO FLUIDIC AND BIO-CHIP MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 15. RF MEMS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 16. OTHERS (PIR AND THERMOPILES, MICROBOLOMETERS, AND DIGITAL COMPASS)MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 17. MEMS MARKET, BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 18. CONSUMER ELECTRONICS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 19. AUTOMOTIVE MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 20. INDUSTRIAL MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 21. AEROSPACE & DEFENCE MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 22. HEALTHCARE MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 23. TELECOMMUNICATION MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 24. MEMS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 25. NORTH AMERICA: MEMS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 26. NORTH AMERICA: MEMS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 27. EUROPE: MEMS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 28. EUROPE: MEMS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 29. ASIA-PACIFIC: MEMS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 30. ASIA-PACIFIC: MEMS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 31. LAMEA: MEMS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 32. LAMEA: MEMS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 33. ANALOG DEVICES, INC: COMPANY SNAPSHOT
TABLE 34. ANALOG DEVICES, INC: OPERATING SEGMENTS
TABLE 35. AVAGO TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 36. AVAGO TECHNOLOGIES: OPERATING SEGMENTS
TABLE 37. DENSO CORPORATION: COMPANY SNAPSHOT
TABLE 38. DENSO CORPORATION: OPERATING SEGMENTS
TABLE 39. HEWLETT-PACKARD CORPORATION: COMPANY SNAPSHOT
TABLE 40. HEWLETT-PACKARD CORPORATION: OPERATING SEGMENTS
TABLE 41. KNOWLES CORPORATION: COMPANY SNAPSHOT
TABLE 42. KNOWLES CORPORATION: OPERATING SEGMENTS
TABLE 43. NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
TABLE 44. NXP SEMICONDUCTORS N.V.: OPERATING SEGMENTS
TABLE 45. PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 46. PANASONIC CORPORATION: OPERATING SEGMENTS
TABLE 47. ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 48. ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 49. ST MICROELECTRONICS N.V.: COMPANY SNAPSHOT
TABLE 50. ST MICROELECTRONICS N.V.: OPERATING SEGMENTS
TABLE 51. TEXAS INSTRUMENTS, INC: COMPANY SNAPSHOT
TABLE 52. TEXAS INSTRUMENTS, INC: OPERATING SEGMENTS

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