MEMS Microelectromechanical Components CAGR of 17.5% from 2018 to 2023

The MEMS market will achieve a compound annual average growth of 17.5% between 2018 and 2023. The market size will reach USD 31 billion by 2023. The research institute Yole Développement (Yole) pointed out that RF components play a key role in the development of the MEMS industry. Excluding RF, the growth rate of the MEMS market in the same period fell to 9%. With the complexity of the transition to 5G and the higher bandwidth it brings, the demand for 4G/5G RF filters is increasing, making RF MEMS ( Mainly BAW filter) becomes the most rapidly developing MEMS application field.

In many existing MEMS components, inkjet heads will continue to grow, and the consumer market will account for more than 70% of the print head market demand. This market recovered in the first half of 2017, and this trend was confirmed in the second half of 2018. This recovery has been observed in both disposable and stationary printheads.

Many pressure sensor applications also help the market expand. In fact, it is interesting that although it is one of the oldest MEMS technologies, pressure sensors are still growing. In the automotive field, pressure sensors have the highest number of applications, Advantages of smart tires that are subject to toxic emissions and harsh environments, higher precision, and more tire status messages. For consumers, mobile phones and smart phones still account for 90% of the sales volume of pressure sensors, reducing costs. This is a priority, because the size is already very small. And new applications are emerging: smart homes, electronic cigarettes, drones and wearable devices, and more.

MEMS microphones have emerged as one of the highest CAGRs for MEMS technology in the past five years. In 2008, the scale reached US$105 million. The market size in 2012 reached US$402 million. In 2016, it officially exceeded the milestone of US$1 billion. Currently, MEMS buys winds. Each year, nearly 4.5 billion shipments are shipped. The main application is mobile phones, which account for 85% of shipments and 98% of the consumer market. Tablets and personal computers/laptops account for the second and third largest shipments respectively. The amount of 5% and 3.2%. In 2016, the top 30 MEMS manufacturers reported revenues of more than $9.238 billion. In 2017, they further increased to $98.81.

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