An article written by Anne-Francoise Pelé for EE Times – Built-into millions of smart speakers, smart devices and smartphones across the globe, MEMS are securely ensconced in the smart home, and Internet giants such as Alibaba, Google and Amazon will continue to drive demand as they invest in smart cities, smart medicine, smart buildings — smart everything.
The MEMS market, which follows the semiconductor market, is holding up. It amounted to $11.6 billion in 2018 and is expected to exhibit an 8.2% growth in value and an 11.9% growth in units up to 2024, according to Yole Développement (Lyon, France).
A make-smarter capability
Large companies such as Alibaba, Google and Amazon are considering MEMS as a critical element in their smart applications, Dimitrios Damianos, technology market analyst with Yole Développement, told EE Times. “MEMS have a make-smarter enabling capability, as they can offer high accuracy, low power, small size and, if you have many MEMS in your system, you can have sensor fusion inside and increase the functionality of your system and provide context for new applications and services in various industries such as mobility, transportation, health and safety.”
This has a huge impact on all markets, but especially in consumer and automotive. In 2018, the consumer market generated almost $6.5 billion in 2018 — more than half of the total MEMS market — and is set to grow up to $10.5 billion in 2024. The main contributors, microcrophones and RF MEMS, account for half of the total revenue in consumer applications… Full article
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