The Global MEMS Market Growth Accelerated By MEMS Technology Miniaturization

MICROELECTROMECHANICAL SYSTEMS (MEMS) MARKET
MEMS Market

Microelectromechanical systems (MEMS) refer to tiny integrated devices or systems that combine electrical and mechanical components utilizing semiconductor fabrication techniques. MEMS devices find wide applications in areas such as automobiles, consumer electronics, industrial, and medical devices due to their compact size and low manufacturing costs.


The global MEMS Market is estimated to be valued at Us$ 27946.62 Mn in 2023 and is expected to exhibit a CAGR Of 3.1% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:


Advancements in MEMS Technology Miniaturization is one of the major trends driving the growth of MEMS market. The miniaturization of MEMS devices allows fabrication of more compact and energy efficient systems. Ongoing research and development activities are focused on developing even smaller MEMS devices with improved functionality. For instance, development of NEMS (nanoelectromechanical systems) which are devices fabricated at the nanoscale level. NEMS promises to revolutionize various application areas by enabling creation of highly sensitive miniature sensors and actuators. Widespread adoption of IoT and integration of MEMS in various connected devices is also promoting miniaturization of MEMS technology.


Segment Analysis

The global microelectromechanical systems (MEMS) market comprises automotive, consumer electronics, industrial, healthcare, and others. The healthcare segment dominates the market and accounts for the largest market share owing to wide use of MEMS technologies in medical devices. Implantable and portable medical devices widely use pressure sensors, temperature sensors, and accelerometers for continuous monitoring of patients' health. These medical devices are small, affordable and reliable diagnostic tools powered by MEMS technologies. MEMS based pressure sensors find application in catheters, stents and oxygen saturation monitors. MEMS accelerometers help in fall detection devices which detect sudden falls of elderly people and patients.

Key Takeaways

The Global Microelectromechanical Systems (MEMS) Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 on account of growing demand from healthcare and automotive industries. The global MEMS market is estimated to be valued at US$ 27946.62 Mn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023 to 2030.


Regional analysis shows that Asia Pacific region dominates the market currently owing to presence of large consumer electronics manufacturing base in countries like China and India. Countries like China, Taiwan, South Korea and Japan are major manufacturing hubs for consumer electronic devices which use MEMS extensively.

Key players operating in the microelectromechanical systems (MEMS) market are focusing on development of new and innovative MEMS devices for healthcare and automotive applications. For instance, Coltene Holding acquired Osada Electric in 2021 to strengthen its product portfolio in dental equipment sector. Mocom focuses on manufacturing autoclave sterilizers for dental clinics. Getinge has a strong presence in production of sterilization equipment for hospitals worldwide. Shinva Medical Instrument focuses on manufacturing equipment like autoclaves and sterilizers for medical use.



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