MEMS Foundry Market Will Generate New Growth Opportunities in Upcoming Year 2028

The "MEMS Foundry Market" is projected to reach US$ 1,332.55 million by 2028, with an estimated CAGR of 9.7% from 2022 to 2028.

The micro-electro-mechanical systems (MEMS) technology can be defined as miniaturized mechanical and electro-mechanical elements produced using the techniques of microfabrication. There are various types of MEMS sensors-accelerometers, inertial measurement units, magnetometers, pressure sensors, oscillators, thermopiles, and gyroscopes. These MEMS sensors are used for various applications such as controlling and handling equipment, managing robots, navigation systems, pressure measurement, airbags of cars, and car grippers.

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Companies Profiled in this report includes:

• Asia Pacific Microsystems, Inc.
• Teledyne Digital Imaging Inc.
• Taiwan Semiconductor Manufacturing Co Ltd
• ROHM CO., LTD.
• Silex Microsystems
• STMicroelectronics
• X-FAB Silicon Foundries SE
• Koninklijke Philips NV
• Sony Semiconductor Solutions Corporation
• Atomica Corp

The market players either develop the MEMS sensors in-house or outsource them to the foundries for manufacturing. MEMS foundries provide advanced process development, prototyping, and low to high-volume manufacturing services. They offer the flexibility to use substrate materials such as silicon-on-insulator (SOI), gallium arsenide (GaAs), glass, silicon, quartz, and complementary metal-oxide-semiconductor (CMOS)-wafers.

Taiwan accounts for the largest share of the MEMS foundry market in Asia-Pacific & MEA, followed by Japan and China. Taiwan has top MEMS foundries such as Asia Pacific Microsystems, Inc., Taiwan Semiconductor Manufacturing Company, and UMC. Due to the rising demand for MEMS solutions for various applications such as consumer electronics, automotive, and others, the foundries are working on expanding their production capacity. For instance, in March 2022, UMC announced a new manufacturing facility in Singapore. The new fab (Fab12i P3) will be the most advanced semiconductor foundry providing UMC's 22/28nm processes. Thus, the growing initiatives to increase the MEMS manufacturing capacity in the country will further boost the growth of the MEMS foundry market. Moreover, China has seen unprecedented growth in microsystem and semiconductor manufacturing infrastructure due to the growing consumer electronics and automotive sectors. Also, the growing export of tablets, smartphones, drones, and other microsystem and semiconductor-enabled products is raising the demand for MEMS solutions. Consumer electronics and automotive are prominent industries in Japan. The growing demand for smartphones, laptops, tablets, and autonomous vehicles is raising the demand for semiconductor and MEMS solutions. All the above factors are expected to propel the MEMS foundry market growth.

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MEMS Foundry Market Segmentation:

MEMS Type:
• Accelerometer
• Gyroscope
• Radio Frequency Devices
• MEMS Microphone
• Pressure Sensor
• Temperature Sensor

Process:
• Deposition
• Lithography
• Etching & Fabrication
• Packaging

Foundry Type:
• Piezoelectric
• Electrostatic
• Ferroelectric
• Electromagnetic
• Others

End User:
• Consumer Electronics
• Automotive
• Industrial
• Healthcare

Setting up a foundry can require an investment of more than US$ 15 billion as it is not feasible for most semiconductor companies to produce MEMS sensors in-house. Hence, a rising number of fabless semiconductor companies, such as Qualcomm, NVIDIA, and Broadcom, are outsourcing their entire manufacturing requirements to foundries such as Taiwan Semiconductor Manufacturing Company (TSMC) and United Microelectronics Corporation (UMC). To cater to the rising demand for MEMS sensors for consumer electronic devices, MEMS foundries in countries such as Taiwan, the US, Germany, and the UK are developing innovative MEMS solutions. Such factors are expected to boost the MEMS foundry market growth during the forecast period.

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The overall growth size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the MEMS foundry market size with respect to all market segments. Also, industry participants and commentators have conducted multiple primary interviews to validate the data and gain more analytical insights. Participants in this process include VPs, business development managers, market intelligence managers, national sales managers, external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the MEMS foundry market.

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This release was published on openPR.