MEMS for Mobile Devices Market Size (2024 - 2029)

MEMS for Mobile Devices Market Analysis

The MEMS for Mobile Devices Market size is estimated at USD 9.38 billion in 2024, and is expected to reach USD 14.30 billion by 2029, growing at a CAGR of 8.80% during the forecast period (2024-2029).

With an increase in demand for accelerometers and gyroscopes in smartphones, the MEMS for mobile devices market is expected to grow significantly during the forecast period. For instance, in 2022, the total number of mobile subscriptions globally is expected to reach around 8.4 billion. It is poised to increase further, according to Ericsson forecasts.

• The studied market has been marked by a trend toward lower power consumption of MEMS devices. Also, changing consumer needs, like faster charging speeds, shorter charging times, and better charging optimization, drive the need for sensors in smart mobile devices. These devices are made to use less power, which makes them charge much faster.
• Moreover, as smartphones are increasingly being used for image applications, the usage of optical image stabilization (OIS) and electronic image stabilization (EIS) is enabled by MEMS sensors. This broad set of features and innovative functions further augments MEMS sensor growth for smart mobile devices in the forecast period.
• Global trends in the market studied are boosted by the commercialization of 5G. For instance, the transition toward 5G accelerates the demand for advanced mobile devices. According to the Ericsson Mobility Report released in November 2022, 5G mobile subscriptions are anticipated to reach 5 billion by the end of 2028. Further, 5G population coverage is projected to reach 85%, while 5G networks are expected to carry around 70% of mobile traffic. Such events are also expected to drive the demand for RF MEMS, owing to the higher number of bands that 5G demands, triggering the demand for RF filters.
• MEMS companies have minimal access to MEMS fabrication facilities or foundries for prototypes and device manufacture. Also, most organizations expected to benefit from this technology do not currently have the required capabilities and competencies to support MEMS fabrication, directly impacting fabrication standardization. This is expected to hinder the market's growth.
• The effect of COVID-19 on the mobile device market has been moderate. Moreover, the pandemic changed the perception of the current global supply chain in manufacturing, potentially leading to more localized value chains and further regionalization to minimize similar risks in the near future.

MEMS for Mobile Devices Industry Segmentation

MEMS technology refers to miniaturized mechanical and electro-mechanical elements, such as devices and structures, that are manufactured and fabricated using microfabrication techniques.MEMS devices can range in size from well below one micron to several millimeters.

The market size is evaluated by analyzing various types of sensors, such as fingerprint sensors, accelerometer sensors, gyroscopes, pressure sensors, BAW sensors, and microphones, in multiple geographies, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.