The global microelectromechanical systems (MEMS) market size was estimated at USD 18.0 million in 2023 and is projected to reach USD 35.1 million by 2030, growing at a CAGR of 11.1% from 2024 to 2030. This growth is primarily driven by the increasing demand for advanced consumer electronics across the globe.

The widespread adoption of the Internet of Things (IoT) in the semiconductor industry has significantly enhanced the applicability of MEMS technology, offering valuable advantages to IoT devices, automotive systems, and semiconductor components. Furthermore, ongoing innovations in the automotive industry—particularly in areas like vehicle safety, connectivity, and autonomy—are contributing to the accelerated adoption of MEMS technologies.

Continuous research and development within the tech sector have fostered the creation of improved and innovative technologies. The MEMS market is benefiting from these advancements, with new products and enhanced applications emerging across diverse industries such as healthcare and automotive.

Over recent years, MEMS components have become integral to various everyday devices, including pressure sensors, accelerometers, fluid pumps, optical sensors, analyzers, and micro-robots. These systems are widely implemented in sectors like consumer electronics, biomedical equipment, optical displays, wireless and optical communication, aerospace, chemical processing, and microfluidics. The increasing number of application areas is expected to further propel market growth in the coming years.

Key Market Trends & Insights

• Regional Insight: North America emerged as the largest revenue-generating region in 2023.

• Segment Insight: Inertial sensors generated USD 18.0 million in revenue in 2023 and are expected to remain the fastest-growing sensor type during the forecast period.

Market Size & Forecast Summary

• 2023 Market Size: USD 18.0 Million

• 2030 Projected Market Size: USD 35.1 Million

• CAGR (2024–2030): 11.1%

• Largest Market (2023): North America

Order a free sample PDF of the Microelectromechanical Systems Market Intelligence Study, published by Grand View Research.

Key Company Insights

Leading players in the MEMS market are actively working to expand their global presence and customer base through strategies such as mergers and acquisitions, product innovation, geographic expansion, and strategic partnerships. Prominent companies include Broadcom, Goertek, Honeywell International Inc., Texas Instruments Incorporated, Panasonic Corporation, and HP Development Company, L.P.

• Panasonic Corporation, a renowned name in electronics, offers advanced MEMS products including gyro sensors and 6-in-1 inertial sensors.

• HP Development Company, L.P. provides low-power, ultra-sensitive MEMS accelerometers and seismic sensors tailored for the oil and gas sector.

Leading Microelectromechanical Systems Companies

• Analog Devices, Inc.
• Broadcom
• DENSO CORPORATION
• Goertek
• HP Development Company, L.P.
• Honeywell International Inc.
• Infineon Technologies AG
• Knowles Electronics, LLC
• NXP Semiconductors
• Panasonic Corporation
• Qualcomm Technologies, Inc.
• Robert Bosch GmbH
• STMicroelectronics
• TDK Corporation
• Texas Instruments Incorporated

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global microelectromechanical systems market is witnessing robust growth, fueled by the proliferation of consumer electronics, expanding IoT adoption, and innovations in key industries such as automotive and healthcare. With North America leading in market share and inertial sensors dominating the segment, the future outlook remains strong. Continued advancements and strategic initiatives by major players are expected to further strengthen the market, making MEMS a cornerstone technology across various industrial applications.