The MEMS market garnered a market value of US$ 14.32 Bn in 2021. The market for MEMS is expected to register a CAGR of 18.01% by accumulating a market value of US$ 75 Bn through the forecast period 2022-2032.

With the fast development of 5G network technology, MEMS sensors are set to play a more critical role in providing information to modern-day consumers. Combining with the benefits of IoT, AI, and VR, the next-generation of MEMS sensors will assist end users in interacting with devices, ranging from consumer electronics to industrial equipment.

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Key Segments Covered

• Type

  • Mechanical MEMS Sensors
  • Optical MEMS Sensors
  • Thermal MEMS Sensors
  • Chemical & Biological MEMS Sensors
  • Other MEMS Sensors

• Fabrication Material

  • Silicon MEMS Sensors
  • Polymer MEMS Sensors
  • Ceramic MEMS Sensors
  • Metal MEMS Sensors

• Application

  • Automotive MEMS Sensors
  • Consumer MEMS Sensors
  • Medical MEMS Sensors
  • Industrial MEMS Sensors
  • Other MEMS Sensors

Competitive Landscape

• In December 2021, STMicroelectronics N.V introduces a smart sensor evaluation kit that accelerates design with IO-Link Transceiver and STM32 MCU. The device eases workload and is designed for easy integration with additional X-cube software to expand the sensors functionality.
• In September 2021, STMicroelectronics N.V announces the first multi-zone Flightsense time of flight sensor for various general purpose applications. The company is focusing on providing the same to a wide spectrum of industrial and consumer products.