The global microelectromechanical system (MEMS) and sensor market is expect to grow from $38 billion in 2016 to $66 billion in 2021, growing at a CAGR of 12% . The microelectromechanical system market is expect to grow at a CAGR of 14% (CAGR) from 2017 to 2022 and is expect to continue to form the basis of the global sensor industry. In 2016, the global integrate circuit market was value at USD 365 billion, and the share of microelectromechanical systems, sensors and actuators is expect to increase from 9% to 12% (2021).
By 2022, devices such as RF MEMS, oscillators, microfluidics, and environmental MEMS (gas sensors) are expect to become a new driving force for the growth of the microelectromechanical system market (Yore, 2017).
After the stage of rapid market growth caused by the smartphone market, which was the largest demand for microelectromechanical systems, the demand for microelectromechanical systems is leading the way in robots, autonomous vehicles, and IoT industries to respond to the era of the 4th industrial revolution. It is expect that the global market size will continue to increase (Yole, 2018).
Global microelectromechanical system companies have entered the stage of fierce price competition to secure more market share. As the demand for RF filters increases with the advent of the 5G era, RF MEMS has emerg as the field with the largest growth rate (RF market size is expect to increase from $230 million in 2017 to $1.5 billion in 2023).
As MEMS devices are becoming more complex and miniaturized
MEMS combo sensors are emerging as a combination of various sensors to respond to the market’s low-cost needs, and combo sensors for realizing new high value-added functions. Looking at the sales trend by type of MEMS motion sensor, sales of individual sensors (accelerometer, gyroscope) are on the decline, while sales of MEMS combo sensors (accelerometer-gyroscope combo sensor and 9-axis combo sensor) are continuously increasing. Expected to do the demand for miniaturization, low-cost, and complex-related technologies for developing combo sensors in line with the MEMS market trend is also increasing.
Microelectromechanical system technology is developing into a technology to produce a Combo type that produces a multi-complex sensor structure, and is developing core parts for the IoT industry. We are developing MEMS parts for data collection necessary for the 4th industrial revolution, and developing products that express new functions by combining bio and nano technologies.
Research is underway to develop products into new fields such as unmanned vehicles and soft robots by utilizing microelectromechanical system technology in fields such as automobiles, drones, and robots. Demand for products using user experiences (UX, UI) that includes personal experiences and stories is increasing, and research and development to respond to consumer discretionary costs is accelerating.
While the strength of automobile and consumer electronics-based companies that were leading the existing MEMS market continues, the sales of RF MEMS companies such as Broadcom and Qorvo have grown significantly due to the growth of the RF MEMS market. Japanese semiconductor companies, such as TDK (acquisition of Tronics Microsystems in France and InvenSence in the US) and ROHM (acquisition of Kionix in the US), are seeking growth into the MEMS field through mergers and acquisitions with existing MEMS companies.
Domestic MEMS companies are actively developing the field of physical sensor products such as automobile parts, gyro, and angular velocity, as well as the MEMS probe card field for IC chip inspection that can be link with large domestic semiconductor companies. The unique thing is that the core technology secured through the MEMS foundry service is being use for the development of ultra-fine parts, so it can be said that the expandability of the domestic MEMS industry is very large.
The microelectromechanical system field is a field in which various participants such as large corporations, SMEs, and public research institutes exist by technology classification.
In the future, small and medium-sized enterprises (SMEs) will focus on research and development of microscanner device technology that realizes wide field of view (FOV), which is relatively easy to enter the market, rather than ultra-precision displacement detection technology and high-reliability MEMS switch technology, where competition from large enterprises is fierce. In this active high-sensitivity gas sensing MEMS technology field, it seems desirable to supplement the insufficient R&D capability through technology purchase or licensing.