MEMS growing at 9% CAGR, says Yole

Author: EIS Release Date: Sep 16, 2022

The MEMS industry is expected to exceed the $22 billion mark five years from now, growing annually at about 9% between 2021 and 2027, says Yole Developpement

 

MEMS players’ revenue grew by 17% YoY, up from $11.5B in 2020 to ~$13.6B in 2021

 

Bosch continues to be the MEMS leader, with an exceptional business and growth followed by Broadcom, Qorvo and ST.

 

2021 revenues were driven by the continuous sensorization of both consumer and automotive applications and advances in the medical and industrial end markets and associated applications.

 

The ASPs of some MEMS devices, such as inertial and pressure MEMS, increased slightly in 2021 due to the chip shortage and global allocation problems, creating additional revenue growth in the market.