Experts worldwide are very optimistic in the context of the development of the MEMS global market. Tech units and solutions based on microelectromechanical systems are on-demand in the 21st century. According to the in-depth analysis of the MEMS market potential, it is expected that it will reach near $17 billion by 2026.
Such huge and reputable concerns as Canon, Bosch, and other flagship corporations are willing to provide end products using microelectromechanical systems. More and more American, European, and Asian companies related to various market niches are interested in the implementation of sensors, laser projectors, 2 axis MEMS mirror models, and other devices for consumer electronics, automotive, healthcare, and other industries and sectors.
Facts, Reports, Statistics: Latest Updates (2022)
Having analyzed the MEMS market at the end of 2021, there is a forecast for the next 5 years. The main segment will stay end-user products including MEMS-based consumer electronics devices, tech units for automotive and healthcare sectors, and microelectromechanical systems for industrial purposes.The range of other end-use items is expected to be developed in 2022-2026. The key market players are still located in the USA, Canada, Japan, and China. But other countries are successful in MEMS implementation as well. In 2022-2026, the geographical market coverage will increase through the innovations of the companies from:
- Europe (Germany, France, Italy, Great Britain, Spain, and Russia);
- Asia-Pacific (Australia, South Kore, and India);
- Latin America (Brazil, Mexico, and Argentina).
Speaking about the leading corporations that make a specialty out of manufacturing and implementation of MEMS tech units, they are Analog Devices, Inc., Robert Bosch GmbH, Texas Instruments, Panasonic Corporation, etc. The number of startups with a fresh vision of the areas of microelectromechanical system application is predicted to grow as well.
According to the 2021 MEMS market analysis, there are more than 111 companies worldwide that develop, produce, and implement MEMS-based sensors, lasers, mirrors, gyroscopes, and other solutions.
A Variety of MEMS Functions
Microelectromechanical systems are presented as compact tech units that can perform one or several functions at once. Among the main features and areas of MEMS application are:- Mechanics;
- Optics;
- Surgery;
- Electronics;
- Microchipping;
- Fluidics, etc.
The electronics sector can improve telecommunication performance with the help of absolutely adaptable MEMS solutions. Most of the tech units based on microelectromechanical systems are resistant to extreme weather, very compact, and light-weight.
The most potential industries for MEMS are still the healthcare and IoT sector. There are many microsurgery tools and diagnostic units right today that are tested and integrated into the medical environment. Internet of things will improve with the new-gen devices where MEMS sensors, mirrors, chips can complement smartphones, tablets, smartwatches with automated rotation options and immediate measurements of different parameters (pulse, humidity, physical dimensions, etc.).