Global MEMS & Sensors IC Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global MEMS & Sensors IC Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global MEMS & Sensors IC market finds that the global MEMS & Sensors IC market reached a value of USD 17163.0 million in 2022. It’s expected that the market will achieve USD 26019.0 million by 2028, exhibiting a CAGR of 7.18% during the forecast period.

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.

Key Companies in the global MEMS & Sensors IC market covered in Chapter 3:

Texas Instruments
Bosch
Hewlett Packard
Allegro
TDK
STMicroelectronics
Goertek
NXP
MEMSIC
Vesper
Broadcom
Amphenol
Analog Devices
Melexis
AKM
AAC
MEMSVision
ALPS
Knowles
Qorvo
Rohm
Murata
Sensirion
Infineon
TE Connectivity
MEMSensing

In Chapter 4 and Chapter 14.2, on the basis of types, the MEMS & Sensors IC market from 2018 to 2029 is primarily split into:

Accelerometer
Gyroscope
Magnetic
Barometric
Differential
High Pressure
Humidity
Gas
Microphone
Optical
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the MEMS & Sensors IC market from 2018 to 2029 covers:

IoT / IoV
Consumer
Mobility
Automotive
Industrial
Computing
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)