According to a new research report, titled "MEMS Foundry Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 1,332.55 million by 2028, registering a CAGR of 9.7% from 2022 to 2028.

The COVID-19 pandemic has negatively affected the operations of electronics and semiconductor manufacturers, as they discontinued their operations completely or continued with limited workforces. As a result, product deliveries were delayed in 2020. Mercedes, Volkswagen, Skoda, BMW, Audi, and other automotive manufacturers experienced challenges that led to a loss of revenue due to the impacts of the pandemic, such as supply chain disruption and semiconductors shortage. However, owing to the adoption of the work-from-home model, there was a surge in demand for electronics products. Consumers and businesses purchased new laptops for the staff working remotely, and children were also being home-schooled. As a result, the demand for semiconductors grew from Q3 of 2020 to 2021. Such factors boosted the MEMS foundry market growth.

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The MEMS foundry market is segmented on the basis of MEMS type, process, foundry type, and end user. Based on MEMS type, the market is segmented into accelerometer, gyroscope, digital compass, mems microphone, pressure sensor, temperature sensor, and others. Based on process, the market is categorized into deposition, lithography, etching & fabrication, and packaging. Based on foundry type, the market is segmented into deposition, lithography, etching & fabrication, and packaging. Based on end user, the MEMS foundry market is segmented into large enterprises and SMEs. Based on vertical, the MEMS foundry market is segmented into consumer electronics, automotive, industrial, healthcare, and others.

Based on end user, the global MEMS foundry market is segmented into consumer electronics, automotive, industrial, healthcare, and others. The growing deployment of electronic components that includes various types of microelectromechanical systems across different industries is contributing to the MEMS foundry market growth across the world. The consumer electronics segment accounts for the largest share of the MEMS foundry market. This is mainly due to the rising penetration of different types of consumer electronic devices such as smartphones, tablets, computers, home appliances, electronic gadgets, smart wearables, etc.

The five leading global MEMS foundry market players include Silex Microsystems AB; Teledyne Dalsa; Sony Semiconductor Solutions Corporation; Taiwan Semiconductor Manufacturing Company, Limited; and X-FAB Silicon Foundries SE. The positioning of these “Five Key Players” is derived by giving weightage to the following key performance parameters—overall revenue, segment revenue, geographical reach, customer base, new solution/service launches, market initiatives, investment in technology up-gradation, R&D investments, mergers & acquisitions, and other market-related activities. Other notable MEMS foundry market players profiled in the global report are Asia Pacific Microsystems, Inc.; Atomica Corp.; ROHM Co., Ltd.; STMicroelectronics, N.V.; and Koninklijke Philips N.V.

The top five companies in the MEMS foundry market are Silex Microsystems AB; Teledyne Dalsa; Sony Semiconductor Solutions Corporation; Taiwan Semiconductor Manufacturing Company, Limited; and X-FAB Silicon Foundries SE. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current general aviation portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities

Key Findings of Market Study:

Environmental sensor networks have evolved with the requirement of wireless sensor networks for many applications in earth science research. These sensors are used for sensing volcanoes, oceans, glaciers, and forests. The sensor network is also installed in various cities to monitor the concentration of harmful gases. Environmental sensors, such as gas sensors, temperature sensors, and smoke sensors, integrated with artificial intelligence-based interfaces are expected to aid in enhanced environmental protection. Also, AI-enabled environmental sensors are beneficial at an industrial scale for monitoring chemical releases, which contributes to environmental resource protection. Such trends are expected to boost the MEMS foundry market growth in the coming years.

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global MEMS foundry market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global MEMS foundry market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Mems Foundry Industry Analysis Up to 2028