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.
MEMS Foundry Market Analysis
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 Market Overview
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.
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MEMS Foundry Market: Strategic Insights
Market Size Value in US$ 764.05 million in 2022 Market Size Value by US$ 1,332.55 million by 2028 Growth rate CAGR of 9.7% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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MEMS Foundry Market: Strategic Insights
| Market Size Value in | US$ 764.05 million in 2022 |
| Market Size Value by | US$ 1,332.55 million by 2028 |
| Growth rate | CAGR of 9.7% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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MEMS Foundry Market Drivers and Opportunities
Rise in the consumer electronic market
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.
Demand for pressure sensor
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.
MEMS Foundry Market Report Segmentation Analysis
Key segments that contributed to the derivation of the MEMS foundry market analysis are the MEMS type, process, foundry type, and end user.
- Based on the MEMS type, the MEMS foundry market is divided into accelerometer, gyroscope, digital compass, MEMS microphone, pressure sensor, temperature sensor, and others. The accelerometer segment held the largest share of the market in 2023.
- By process, the market is segmented into deposition, lithography, etching & fabrication, and packaging. The commercial segment held a significant share of the market in 2023.
- By foundry type, the market is segmented into piezoelectric, electrostatic, ferroelectric, electromagnetic, and others. The piezoelectric segment held a significant share of the market in 2023.
- By application, the market is segmented into consumer electronics, automotive, industrial, healthcare, and others. The consumer electronics segment held the largest share of the market in 2023.
MEMS Foundry Market Share Analysis by Geography
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.
MEMS Foundry Market Report Scope
MEMS Foundry Market News and Recent Developments
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:
- Sumitomo Precision Products Co., Ltd. (SPP), a leading manufacturer of high-precision industrial products, broadened its role in the microelectromechanical systems (MEMS) manufacturing ecosystem with the launch of MEMS Infinity, a 150mm and 200mm wafer foundry that meets growing customer demand for concept design and evaluation all the way through prototyping and mass production. (Source: Sumitomo Precision Products Co., Ltd. (SPP), Press Release, January 2024)
- Silex, the leading pure-play foundry globally of MEMS (micro-electromechanical systems), announced the first 12-inch wafer fab for pure-play MEMS manufacturing. (Source: Silex, Press Release, April 2024)
MEMS Foundry Market Report Coverage and Deliverables
The “MEMS Foundry Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- MEMS foundry market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- MEMS foundry market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- MEMS foundry market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the MEMS foundry market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
MEMS Type, Process, Foundry Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Canada, China, Germany, Israel, Japan, Sweden, Taiwan, United Kingdom, United States
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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