Global Piezoelectric MEMS Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Piezoelectric MEMS Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Piezoelectric MEMS (Micro-Electro-Mechanical Systems) are tiny devices that integrate both mechanical and electrical components on a small chip using microfabrication techniques. These devices use the piezoelectric effect, which converts mechanical stress into electrical charge, and vice versa. Piezoelectric MEMS technology finds applications in various industries, including consumer electronics, industrial, and healthcare.

Market Overview:

The latest research study on the global Piezoelectric MEMS market finds that the global Piezoelectric MEMS market reached a value of USD 379.92 million in 2023. It’s expected that the market will achieve USD 1195.33 million by 2029, exhibiting a CAGR of 21.05% during the forecast period.

Demand in the fields of consumer electronics and automotive electronics continues to grow

Currently, piezoelectric MEMS are widely used in consumer electronics, automotive electronics and other fields. With the rapid development of emerging technologies such as the Internet of Things, virtual reality, artificial intelligence, and 5G, the electronic technology industry is being rapidly updated. In the field of consumer electronics, piezoelectric MEMS products such as MEMS radio frequency devices, MEMS acoustic sensors, pressure sensors, accelerometers, and gyroscopes are widely used in mainstream consumer electronics products such as smartphones, smart wireless headsets, and tablet computers. In addition, piezoelectric MEMS products are also widely used in emerging application fields such as smart wearable devices, smart homes, smart speakers, and smart TVs that have emerged in recent years. In the future, as the type and quantity of consumer electronics products increases and the intelligence of devices increases, the demand for the number of MEMS products will also continue to increase.

Currently, the world's 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 connectivity are important directions for the transformation and upgrading of the automobile industry. In the process of transformation and upgrading, benefiting from the automotive industry's safety regulations and the wave of informatization and intelligence, piezoelectric MEMS sensors have developed rapidly in the field of automotive electronics.

Region Overview:

In 2022, the share of the Piezoelectric MEMS market in APAC stood at 57.37%.

Company Overview:

Bosch is one of the major players operating in the Piezoelectric MEMS market, holding a share of 31.85% in 2023.

Segmentation Overview:

Among different product types, Sensor segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Consumer Electronics segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Piezoelectric MEMS market covered in Chapter 3:

STMicroelectronics
Bosch
ROHM

In Chapter 4 and Chapter 14.2, on the basis of types, the Piezoelectric MEMS market from 2019 to 2030 is primarily split into:

Sensor
Actuator

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Piezoelectric MEMS market from 2019 to 2030 covers:

Consumer Electronics
Industrial
Healthcare
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) 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)