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Market Overview of Global MEMS & Sensors IC market:
According to our latest research, the global MEMS & Sensors IC market looks promising in the next 5 years. As of 2022, the global MEMS & Sensors IC market was estimated at USD 17163.0 million, and it's anticipated to reach USD 26019.0 million in 2028, with a CAGR of 7.18% during the forecast years.
MEMS & Sensors IC is a technology that integrates mechanical structures and electronic systems on one chip at the same time, and its feature size is generally in the order of micrometers or even nanometers. MEMS & Sensors IC products are mainly various components manufactured based on MEMS technology. Such as accelerometer, gyroscope, magnetic and so on.
At present, MEMS & Sensors IC is still evolving towards miniaturization, integration, networking, low power consumption and intelligence. Specifically, there are the following development trends:
MEMS & Sensors IC presents a trend of high integration and combination of multiple functions. Due to the increasingly tight design space, cost and power consumption budget, integrating multiple sensitive components on the same substrate to make a multifunctional combined MEMS sensor capable of detecting multiple parameters has become an important solution.
Sensor intelligence and edge computing. Software is becoming an important part of MEMS sensors. With the further integration of multiple sensors, more and more data need to be processed, and software makes it possible to fuse multiple data. The development of MEMS products must start from the definition of system application, develop intelligent sensors with software fusion function, and promote the wider application of artificial intelligence in the sensor field.
The demand for low power consumption and self-supply of sensors is increasing day by day. With the rapid growth of sensing demand in applications such as the Internet of Things, the number of sensors used will increase dramatically, and the energy consumption will also double. The demand for reducing sensor power consumption, using ambient energy harvesting to achieve self-supply, and enhancing battery life will accompany the development of sensors and become increasingly strong.
Evolution from MEMS to NEMS. With the miniaturization and diversification of terminal equipment, the rapid development of microelectronics processing technology, especially nanofabrication technology, the evolution of smart sensors to smaller sizes is the general trend. Similar to MEMS, NEMS (Nano-Electro-Mechanical Systems) is a micro-nano system technology focused on the nanoscale field, but with a smaller size.
Application of MEMS & Sensors IC products in the automotive industry
Automotive electronics was one of the earliest application areas for MEMS products, and drove the first wave of MEMS sensor applications from the late 1980s to the 1990s, and is currently the second largest application area for MEMS products. At present, the world automobile industry is undergoing a technological revolution. The rapid development of electric drive-related technologies, artificial intelligence technology and Internet technology has provided strong technical support for the transformation and upgrading of the automobile industry. Electrification, intelligence, and networking are important directions for the transformation and upgrading of the automotive industry. In the process of transformation and upgrading, benefiting from the safety regulations of the automotive industry and the wave of informatization and intelligence, MEMS sensors have developed rapidly in the field of automotive electronics. At present, each car contains 10-30 MEMS sensors on average, and about 30 or even hundreds of MEMS sensors are used in high-end cars. Therefore, with the continuous development of the automotive industry, the market size of MEMS & Sensors IC continues to expand.
The industry has high technical barriers
The MEMS & Sensors IC industry is a typical technology-intensive industry. First and foremost, MEMS is an area of R&D where a mixture of multiple physical fields must be considered simultaneously. The development and manufacture of MEMS products requires expertise in physics, chemistry, biology, and more. Second, MEMS require multiple process development techniques. Every process needs to go through process development and optimization steps that include DRIE, bonding, thin film deposition, and more. Finally, MEMS require unique and proprietary device development techniques. Developing the key parameters of these etch processes requires specific MEMS process engineering skills, as well as a wealth of experience with this specialized equipment.
For example, MEMS chips are very sensitive to environmental factors such as noise, water, dust, stress, and electromagnetic interference. Therefore, compared to IC packaging, MEMS packaging is more challenging and requires custom development. Traditional IC testing is generally related to electrical signals, which is easy to standardize, while MEMS testing involves various physical excitation sources and is easily affected by various environmental factors, so MEMS testing is also a big challenge. MEMS batch packaging and testing capabilities are the core competitiveness of MEMS companies.
Region Overview:
Asia Pacific dominated the MEMS & Sensors IC market in 2022, with a market share of 42.3%.
Company Overview:
Bosch is one of the major players operating in the MEMS & Sensors IC market, holding a share of 11.43% in 2023.
Bosch
Bosch is a German multinational company with engineering and electronics as its primary business.
Broadcom
Broadcom Inc. is a global infrastructure technology leader built on 50 years of innovation, collaboration and engineering excellence.
Segmentation Overview:
Among different product types, High Pressure segment is anticipated to contribute the largest market share in 2028.
Application Overview:
The market's largest segment by application is the segment Consumer, with a market share of 45.46% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global MEMS & Sensors IC market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global MEMS & Sensors IC Market Report:
Market Size Estimates: MEMS & Sensors IC market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: MEMS & Sensors IC market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the MEMS & Sensors IC market
Segment Market Analysis: MEMS & Sensors IC market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: MEMS & Sensors IC market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the MEMS & Sensors IC Market: Revenue and sales volume of major countries in each region
MEMS & Sensors IC Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the MEMS & Sensors IC market in major regions.
MEMS & Sensors IC Industry Value Chain: MEMS & Sensors IC market raw materials & suppliers, manufacturing process, distributors, downstream customers
MEMS & Sensors IC Industry News, Policies & Regulations
Key players in the global MEMS & Sensors IC market are covered in Chapter 12:
Allegro
Knowles
Vesper
Qorvo
Amphenol
TE Connectivity
Rohm
TDK
Bosch
Hewlett Packard
MEMSIC
Infineon
ALPS
Texas Instruments
MEMSVision
Murata
Melexis
AAC
STMicroelectronics
AKM
MEMSensing
Analog Devices
Sensirion
Broadcom
NXP
Goertek
In Chapter 2 and Chapter 15.1, based on types, the MEMS & Sensors IC market from 2018 to 2028 is primarily split into:
Accelerometer
Gyroscope
Magnetic
Barometric
Differential
High Pressure
Humidity
Gas
Microphone
Optical
Other
In Chapter 3 and Chapter 15.2, based on applications, the MEMS & Sensors IC market from 2018 to 2028 covers:
IoT / IoV
Consumer
Mobility
Automotive
Industrial
Computing
Medical
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the MEMS & Sensors IC market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028