MEMS Foundry Market Size, Statistics Report 2022, 2028

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MEMS Foundry Market Forecast to 2028 - COVID-19 Impact and Global Analysis By MEMS Type (Accelerometer, Gyroscope, Digital Compass, MEMS Microphone, Pressure Sensor, Temperature Sensor, and Others), Process (Deposition, Lithography, Etching & Fabrication, and Packaging), Foundry Type (Piezoelectric, Electrostatic, Ferroelectric, Electromagnetic, and Others), and End User (Consumer Electronics, Automotive, Industrial, Healthcare, and Others)

Publication Month: Oct 2022 | Report Code: TIPRE00009141 | No. of Pages: 163 | Category: Electronics and Semiconductor | Status: Published

The MEMS foundry market is expected to grow from US$ 764.05 million in 2022 and it is expected to grow at a CAGR of 9.7% from 2022 to 2028.

Sensors used in military and defense applications must be reliable in every aspect, as they are a critical part of devices used in defense applications, including monitoring and surveillance at borders. Systems such as drones, missiles, spacecraft, ships, satellites, and rockets require various MEMS sensors, including accelerometers and gyroscopes, to collect data for proper functioning. Several companies have developed MEMS-based defense system sensors for ballistic testing, jet engine test stands, marine propulsion systems, jet fuel analyzers, and missile guidance systems. Thus, with the growing demand for advanced security and defense systems, the need for sensors is also increasing. Moreover, MEMS-based advanced Global Positioning System (GPS) to ensure better guidance and navigation of missiles has been a major area of research for a long. Researchers have been combining radio frequency (RF) velocity and range sensors with micro-MEMS and inertial measurement units (IMUs) to achieve superior navigation accuracy. MEMS technologies are also used in chemical attack warning sensors, micro-robotic electronic disabling systems, earth mapping, etc. Such applications of MEMS are supporting the MEMS foundry market growth.

Radio-frequency MEMS (RF-MEMS) and optical MEMS are gaining significant traction in the design and development of military sensors. Low power consumption, compact size, and ultrahigh reliability of MEMS are the major factors bolstering its need in battlefield tanks, drone electronic components, hostile territory surveillance systems, unmanned air vehicles (UAVs), covert communication devices, and missiles meant to shoot down hostile targets. Furthermore, MEMS-based sensors help in monitoring the working condition of weapons and environmental parameters on battlefields. Therefore, the rising adoption of MEMS solutions in military applications is encouraging MEMS manufacturers to expand their manufacturing capabilities, thereby driving the growth of the MEMS.

Strategic Insights

Report Coverage - MEMS Foundry Market
Report CoverageDetails
Market Size Value inUS$ 764.05 million in 2022
Market Size Value byUS$ 1,332.55 million by 2028
Growth rateCAGR of 9.7% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages163
No. of Tables59
No. of Charts & Figures75
Historical data availableYes
Segments coveredMEMS Type, Process, Foundry Type, and End User
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on MEMS Growth

The US was the most affected country in Americas due to the COVID-19 pandemic. In 2020, due to the strict government regulations and lockdowns, many electronics and semiconductor manufacturers in the US operated with a limited workforce or temporarily stopped their production. This adversely affected the supply chain and the import & export of semiconductor chips and electronic products. As a result, semiconductor manufacturers were unable to meet their delivery timelines. In May 2020, Rogue Valley Microdevices Inc., a biomedical company, played a strategic role in the development of COVID-19 diagnostic tests. Thus, due to such activities by companies, the demand for MEMS increased in the healthcare industry in the Q2 of 2020. Moreover, the growth of the automotive & consumer electronics industries and the rising focus on the expansion of IoT technology bolstered the demand for MEMS. Thus, from Q1 of 2021, the supply lines of the automotive & electronics industries started to stabilize, and the revenue of these industries showcased positive momentum, which contributed to the MEMS foundry market growth in Americas.

Lucrative Regions for MEMS Foundry Market

Lucrative Regions for MEMS Foundry Market

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Market Insights – MEMS Foundry Market

Environmental sensors, such as gas sensors, temperature sensors, and smoke sensors, integrated with artificial intelligence-based interfaces are expected to aid in enhanced environmental protection. Also, AI-enabled environmental sensors are beneficial at an industrial scale for monitoring chemical releases, which would contribute to environmental resource protection. Numerous environmental sensors, including biosensors, have been introduced in the market for monitoring harmful environmental substances. Thus, the rising use of environmental sensors is likely to boost the demand for MEMS sensors, thereby creating new opportunities for the MEMS foundry market growth in the coming years.

MEMS Type-Based Insights

Based on MEMS type, the global MEMS foundry market is segmented into accelerometer, gyroscope, radio frequency devices, mems microphone, pressure sensor, temperature sensor, and others. MEMS-based radio frequency devices are estimated to be the most ordered product from MEMS foundries, followed by pressure sensor and accelerometer in 2021. An accelerometer is one of the major applications of MEMS and is used across various industries, such as consumer electronics, automotive, industrial, healthcare, aeronautics, and defense industries. Electronic devices comprise a variety of sensors for better performance of their respective operations, which is ultimately driving the demand for MEMS foundry services for the accelerometer segment.

The MEMS foundry market is segmented on the basis of MEMS type, process, foundry type, and end user. Based on MEMS type, the market is segmented into accelerometer, gyroscope, digital compass, mems microphone, pressure sensor, temperature sensor, and others. Based on process, the market is categorized into deposition, lithography, etching & fabrication, and packaging. Based on foundry type, the market is segmented into deposition, lithography, etching & fabrication, and packaging. Based on end user, the MEMS foundry market is segmented into large enterprises and SMEs. Based on vertical, the MEMS foundry market is segmented into consumer electronics, automotive, industrial, healthcare, and others.

Silex Microsystems AB; Teledyne Dalsa; Sony Semiconductor Solutions Corporation; Taiwan Semiconductor Manufacturing Company, Limited; X-FAB Silicon Foundries SE; Asia Pacific Microsystems, Inc.; Atomica Corp.; ROHM Co., Ltd.; STMicroelectronics, N.V.; and Koninklijke Philips N.V. are among the key MEMS foundry market players.

MEMS foundry market players are utilizing several strategies to focus on growth.

  • In July, 2022, STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, and GlobalFoundries Inc., a global leader in feature-rich semiconductor manufacturing, announced that they have signed a Memorandum of Understanding to create a new, jointly-operated 300mm semiconductor manufacturing facility in Crolles, France.
  • In April, 2022, Bosch Sensortec acquired Arioso Systems to diversify its product portfolio. Arioso Systems is one of the world’s most innovative providers of MEMS micro speaker technology. Acquisition with Bosch, it will leverage the full potential of its micro speakers.

Frequently Asked Questions

The estimated global market size for the MEMS foundry market in 2022 is expected to be around US$ 764.05 million
1. Rising Demand for Smart Consumer Electronics and Wearable Devices
2. Growing Applications of MEMS Sensors in Military and Defense
1. Advancements in Environmental Sensors
2. Increasing Number of MEMS-Based Product Launches
Silex Microsystems AB; Teledyne Dalsa; Sony Semiconductor Solutions Corporation; Taiwan Semiconductor Manufacturing Company, Limited; and X-FAB Silicon Foundries SE are the key market players expected to hold a major market share of MEMS foundry market in 2022
Asia & MEA is expected to register highest CAGR in the MEMS foundry market during the forecast period (2022-2028)
Taiwan, China, and US are expected to register high growth rate during the forecast period
Taiwan is expected to hold a major market share of MEMS foundry market in 2022
Others segment is expected to hold a major market share of MEMS Foundry market in 2022
The global market size of MEMS foundry market by 2028 will be around US$ 1332.55 million
The MEMS foundry market is expected to register an incremental growth value of US$ 568.50 million during the forecast period

The List of Companies - MEMS Foundry Market

  1. Asia Pacific Microsystems, Inc.
  2. Teledyne Digital Imaging Inc.
  3. Taiwan Semiconductor Manufacturing Co Ltd
  4. ROHM CO., LTD.
  5. Silex Microsystems
  6. STMicroelectronics
  7. X-FAB Silicon Foundries SE
  8. Koninklijke Philips NV
  9. Sony Semiconductor Solutions Corporation
  10. Atomica Corp
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global MEMS foundry market.
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  • The key findings and recommendations highlight crucial progressive industry trends in the global MEMS foundry market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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