“MEMS market will experience a 17.5% growth in value between 2018 and 2023, to reach US$ 31 billion at the end of the period,” asserts Dr. Eric Mounier, Principal Analyst, MEMS & Photonics, at Yole Développement (Yole). “The consumer market segment is showing the biggest share, with more than 50% . The good news is that almost all MEMS devices will contribute to this growth.” However, the RF industry is still playing a key role in the MEMS industry development. Excluding RF, the MEMS market will grow at 9% over 2018 – 2023. With RF MEMS devices, CAGR reaches 17.5% during the same period. Driven by the complexities associated with the move to 5G and the higher number of bands it brings, there is an increasing demand for RF filters in 4G/5G, making RF MEMS (mainly BAW filters) the largest-growing MEMS segment…
Amongst the numerous existing MEMS devices, inkjet heads will grow, with the consumer market representing more than 70% of printhead market demand. This market recorded its first signs of recovery in the first half of 2017, a trend confirmed in the second half of the year. This recovery was noticed both in disposable and fixed printheads. Most consumer players show discernable growth: for example, HP has recorded a 2% growth in consumer printer revenue since 2016, and Canon has confirmed a progression in sales for inkjet printers, with strong demand in Asia.
Numerous pressure sensor applications also contribute to market expansion. Indeed, it is interesting to see that, although it is one of the oldest MEMS technologies, pressure sensor keeps growing. In automotive, pressure sensors have the highest number of applications, with many advantages such resistance to toxic exhaust gas and harsh environments, higher accuracy, and the development of intelligent tires that deliver more information on tire status (especially for future autonomous cars). For consumer, mobiles and smartphones still account for 90% of pressure sensor sales, and cost reduction is the priority vs. size reduction because size is already very small. Although there are no big “killer” applications expected in the future, new applications are emerging: smart homes, electronic cigarette, drones, and wearables, to name several.
Then after, are coming the MEMS microphones. Such MEMS components have been in the spotlight for a long time and have expressed one of the highest CAGRs of any MEMS technology over the last five years.
Yole releases today its annual MEMS technology & market analysis: Status of the MEMS Industry. This 2018 edition presents the MEMS device market along with key industry changes and trends. The market research and strategy consulting company is following the MEMS industry for a while, tracking more than 200 applications and 300 MEMS companies. This report is a significant combination all of these applications into more than 15 major MEMS devices
