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

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

Microelectromechanical Systems (MEMS) is a manufacturing technology used to create miniature mechanical devices with integrated electronics using integrated circuit (IC) batch processing techniques. These components range from few micrometers to millimeters in size and have the ability to sense, control and actuate on the micro scale, and generate effects on the macro scale.

Radio Frequency Microelectromechanical Systems (RF MEMS) are MEMS based Radio Frequency passives components that offer various advantages over conventional microwave devices including improved isolation, lower power dissipation, and reduced cost, size, and weight.

Market Overview:

The latest research study on the global RF MEMS market finds that the global RF MEMS market reached a value of USD 2729.08 million in 2022. It’s expected that the market will achieve USD 6198.14 million by 2028, exhibiting a CAGR of 14.65% during the forecast period.

Influence of COVID-19 Outbreak on RF MEMS Industry Development

The epidemic will have a short-term impact on RF MEMS industry. The influence of COVID-19 on RF MEMS industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was hindered, production plans were hindered, and the company's development strategy and marketing methods were forced to adjust. In addition, during the COVID-19 period, the logistics speed slowed down or even stopped, and the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. The company's production is limited to some extent, and the production of related enterprises in the hardest hit areas is greatly affected. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for the market share.

Drivers

The Asian Development Bank released its forecast on December 14th, 2021, saying that the GDP growth rate of Asian emerging market countries will be 5.3% in 2022.
After South Korea, China and a few other markets took the lead in launching 5G services in 2019. In 2020, despite the negative impact of COVID-19 epidemic on network deployment, 5G commercial services were launched in several markets such as Thailand, Japan, Hong Kong, Taiwan Province, Philippines and Singapore. 5G development promotes the growth of telecom field, consumer electronics and other fields in Asia. 5G is regarded as the representative field of information infrastructure. 5G has been deployed in 689 cities in the Asia-Pacific region. As one of the largest economies in the world, 356 cities in China now cover 5G. The Philippines ranks third in the world with 98 cities. Since the commercial application of 5G, as of September 2021, China has built a total of 993,000 5G base stations. In the future, as the penetration rate of 5G increases, the number of base stations will also increase. MEMS circulators and filters will be widely used in the construction of 5G base stations, and the demand for RF MEMS in 5G base stations is increasing.
On January 1, 2022, the Regional Comprehensive Economic Partnership Agreement (RCEP) came into effect. Six ASEAN member countries, including Brunei, Cambodia, Laos, Singapore, Thailand and Vietnam, and four non-ASEAN member countries, including China, Japan, New Zealand and Australia, will fulfill the relevant agreements in the RCEP agreement text in the fields of import and export trade and investment. RCEP, as a modern, comprehensive, high-quality and mutually beneficial free trade agreement, plays a positive role in promoting trade, investment and the overall regional economic growth.
Asia's developing communication infrastructure construction, consumer electronics market, the improvement of industrialization level and the development of regional economic cooperation are some of the main factors supporting the growth of this industry in this region. China, India and emerging economies in Southeast Asia, with the improvement of economic level and the development of potential downstream markets, have driven the growth of RF MEMS equipment market.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Broadcom is one of the major players operating in the RF MEMS market, holding a share of 43.49% in 2022.

Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor-based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates through two segments, Mobile Products, and Infrastructure and Defense Products.

Segmentation Overview:

Among different product types, RF Filter segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Personal Communication Devices segment occupied the biggest share from 2017 to 2022.

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

Teledyne DALSA
Broadcom
Murata
Analog Devices
Seiko Epson
SiTime Corp
Skyworks Solutions
Radant MEMS (CPI)
Qorvo
AAC Technologies

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

Tunable Capacitor
RF Inductors
RF Switches and Derivatives
RF Filter
Others

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

Personal Communication Devices
Telecom Infrastructure
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)