How big is the MEMS Market?

The MEMS Market size is expected to reach USD 16.81 billion in 2024 and grow at a CAGR of 8.43% to reach USD 25.19 billion by 2029. Read More

What is the current MEMS Market size?

In 2024, the MEMS Market size is expected to reach USD 16.81 billion. Read More

Who are the key players in MEMS Market?

Broadcom Inc., Robert Bosch GmBH, STMicroelectronics NV, Texas Instruments Inc. and Qorvo Inc. are the major companies operating in the MEMS Market. Read More

Which is the fastest growing region in MEMS Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in MEMS Market?

In 2024, the Asia Pacific accounts for the largest market share in MEMS Market. Read More

What years does this MEMS Market cover, and what was the market size in 2023?

In 2023, the MEMS Market size was estimated at USD 15.5 billion. The report covers the MEMS Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the MEMS Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

MEMS Market - Size, Share & Industry Forecast

MEMS Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The MEMS Market is segmented by type (RF MEMS, oscillators, microfluidics, environmental MEMS, optical MEMS, MEMS microphones, inertial MEMS, pressure MEMS, thermopiles, microbolometers, inkjet heads, accelerometers, and gyroscopes), by application (automotive, healthcare, industrial, consumer electronics, telecom, aerospace, and defense), and by geography (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa). The report offers the value (in USD) for the above segments. The market size and forecasts are provided in terms of value in USD for all the segments.

Micro-Electro-Mechanical System Industry Overview

The MEMS market is moderately fragmented with the presence of significant players like Broadcom Inc., Robert Bosch GmBH, STMicroelectronics NV, Texas Instruments Inc., and Qorvo Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

May 2023 - SPEA and GongJin Microelectronics have entered into a strategic partnership that is expected to strengthen the development of their MEMS testing and calibration business in the Mainland China territory. The agreement brings together GJM’s leading manufacturing services and quality management capabilities with SPEA's world-class testing technologies and expertise and is expected to accelerate growth for both companies in the fast-growing MEMS field in China.
June 2023 - Rogue Valley Microdevices announced its acquisition of a 50,000 sqft commercial building in Florida to serve as its second microfabrication facility. The space will be reconfigured for a cleanroom and office space, with initial production of its first MEMS devices slated for 2025. The company's expansion to Palm Bay will aid it in increasing supply-chain resilience and to boost production volume.