The MEMS market will grow due to new opportunities in audio for microphones, microspeakers and inertial MEMS, AR/VR for optical MEMS, and other emerging applications.
“Last year when COVID-19 erupted, the effects on various industries were felt immediately, which in turn had an after-effect on the MEMS business. But the crisis did not impact all end-markets the same way.” asserts Jérôme Mouly, Team Lead Analyst, Sensing & Actuating at Yole Développement (Yole). He adds: “The MEMS market relies heavily on consumer applications, which are 62% of the total market, and the automotive industry, which is 16% of the total market. We therefore expected that last year the MEMS market would suffer due to COVID-19’s negative effects on end-system shipments of smartphones and cars. But this was not the case. MEMS sensor sales recovered during H2 2020”.
Manufacturers resumed refilling their inventories after signs of stabilization and recovery in key end markets. In fact, the strong demand for consumer MEMS has completely offset the automotive industry slow-down. Therefore, the MEMS market was worth almost US$12.1 billion in 2020, up more than 2% from the year earlier.
After a weak 2019 and 2020, Yole’s analysts expect the market to grow by 11% in 2021, reaching US$13.4 billion. After that, high-single digit growth will increase annual MEMS revenue to US$18.2 billion by 2026.
In this context, Yole investigates disruptive technologies and related markets in depth, to point out the latest innovations and underline the business opportunities.
Released today, the Status of the MEMS Industry 2021 report updates 2020’s volumes, ASPs and market sizes. It provides an overview of the best future growth opportunities for MEMS and explores the ecosystem development product-wise and funding-wise and details the main stakeholders involved. This study also summarizes the status of the 2021 MEMS industry in a thorough manner, taking into account the trends for each application separately.
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