The MEMS foundry market size is projected to reach US$ 1829.83 million by 2031 from US$ 838.26 million in 2023. The market is expected to register a CAGR of 10.3% during 2023–2031. The growing electronics and semiconductor industry and rising demand for pressure sensors are likely to remain key trends in the market.
The rising number of consumer electronics and wearable devices is driving the market growth. The growing semiconductor industry is fueling the market growth further. The rise in the application of MEMS sensors in the defense sector fosters the market. The growing market for vehicles, robotics, equipment handling equipment, and others further drives the market.
MEMS foundry is a specialized manufacturing facility where MEMS design devices are designed and fabricated. These devices are small integrated systems that combine electrical and mechanical components that are used for sensors, actuators, micromotors, and other small components. They offer the flexibility to use substrate materials such as gallium arsenide (GaAs), silicon-on-insulator (SOI), quartz, glass, silicon, and complementary metal-oxide-semiconductor (CMOS)-wafers.
The growing consumer electronics market mainly drives the MEMS foundry market. Growing penetration of different types of consumer electronic devices such as tablets, computers, smartphones, electronic gadgets, home appliances, smart wearables, etc. Moreover, the demand for semiconductor chips has also been mainly driven by the consumer electronics sector across the world. The MEMS foundry is mostly engaged in the manufacturing of micro components for consumer electronics products only as they have a large volume of contracts for the same as well.
Pressure sensors are used across a variety of applications, such as automotive, medical, building & construction, industrial, and aeronautics applications. The demand for MEMS foundry services for pressure sensor applications is mainly driven by the need for manufacturing chips & semiconductor components for developing pressure sensors. Further, some of the major applications that are driving the demand for MEMS foundry for pressure sensor applications.
Automotive: The automotive industry uses pressure sensors for a variety of applications, such as different types of power trains that include MAP, BAP, particle filters, fuel tank evaporation power trains, exhaust gas power trains, engines, and transmission oil power trains.
Medical: Medical applications of pressure sensors include blood monitoring of patients (invasive and non-invasive), respiratory systems, smart inhaler equipment, and other treatment equipment & systems that are used across hospitals and medical emergencies.
Key segments that contributed to the derivation of the MEMS foundry market analysis are the MEMS type, process, foundry type, and end user.
The geographic scope of the MEMS foundry market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific region is expected to grow with the highest CAGR. The growing electronics & semiconductor industry in the APAC countries is driving the adoption of MEMS sensors, which further supports the expansion of the MEMS foundry market. Moreover, the mass production of electronic devices such as wearables, smartphones, and TVs in Taiwan and China is anticipated to boost the demand for sensors, leading to the growth of the MEMS foundry market.
The regional trends and factors influencing the MEMS Foundry Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses MEMS Foundry Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 838.26 Million |
| Market Size by 2031 | US$ 1829.83 Million |
| Global CAGR (2023 - 2031) | 10.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By MEMS Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The MEMS Foundry Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the MEMS Foundry Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The MEMS foundry market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the MEMS foundry market are listed below:
The “MEMS Foundry Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The estimated value of the MEMS foundry market will be US$ 1829.83 million by 2031.
Ensinger Group; Teledyne Digital Imaging Inc.; Taiwan Semiconductor Manufacturing Co Ltd; ROHM CO, LTD.; Silex Microsystems; STMicroelectronics; X-FAB Silicon Foundries SE; Koninklijke Philips NV; Sony Semiconductor Solutions Corporation; Atomica Corp are some of the key players operating in the MEMS foundry market.
The growing electronics and semiconductor industry and rising demand for pressure sensors are the key driving factors impacting the MEMS foundry market.
Advancement in environmental sensors is a key trend in the MEMS foundry market.
The global MEMS foundry market is estimated to register a CAGR of 10.3% during the forecast period 2023–2031.