New figures from Yole Developpement counsel that the MEMS trade shall be value over $22bn throughout the subsequent 5 years, with an annual progress price of about 9% between 2021 and 2027.
MEMS gamers’ income grew by 17% YoY, up from $11.5bn in 2020 to over $13bn in 2021
Bosch continues to be the largest provider of MEMS gadgets, adopted by Broadcom, Qorvo and ST.
In 2021 revenues have been pushed by the continual sensorisation of each client and automotive purposes and by advances within the medical and industrial finish markets and related purposes.
The ASPs of some MEMS gadgets, similar to inertial and strain MEMS, elevated barely in 2021 because of the chip scarcity and world allocation issues, creating extra income progress available in the market.
The highest-10 gamers haven’t modified considerably up to now couple of years: Bosch, Broadcom, STMicroelectronics, Qorvo, TDK, Goermicro, Texas Devices, HP, Infineon, Knowles, however there’s a rising ‘tail’ of smaller specialised MEMS gamers who’re anticipated to get pleasure from progress over the following 5 years pushed by rising MEMS gadgets and purposes. These embody: SiTime, USound, xMEMS, OQmented, and Sensirion, amongst others.
Of the entire income, $570 million in 2020 and $690 million in 2021 have been generated by gamers providing foundry companies to fabless corporations and people IDMs that can’t fulfil 100% of sensor manufacturing internally.
Till just a few years in the past the highest MEMS foundries had little income (usually lower than $60 million) however now, as new corporations more and more flip to outsourced MEMS manufacturing, MEMS foundries have seen revenues rising strongly. Silex, Teledyne MEMS, and TSMC are a part of this section.
With demand surging, Yole mentioned that MEMS gamers are at the moment investing in new manufacturing fabs: Bosch, SilTerra, Silan Microelectronics (160kwpy), FormFactor.
Growing capability is at the moment the final pattern within the semiconductor area following the chip scarcity, and the tools market is absolutely saturated with excessive tools costs and >15 months’ supply occasions.
With the rise in demand being seen Yole Intelligence’s analysts have recognized a number of important examples of acquisitions and merger exercise similar to Silex’s acquisition of Elmos’ 200mm wafer line, and Mitsumi acquisition of Omron’s MEMS enterprise.
Bosch has additionally introduced the development of a 300mm MEMS line that can open in 2026 to consolidate its main place.
Key drivers and tendencies throughout the market, in line with Yole, embody:
- Continued sturdy demand for MEMS, with some MEMS foundries’ schedules already crammed to end-2023.
- Lowering margins due to increased working prices because of the present microeconomic and macroeconomic state of affairs resulting in a rise in ASP throughout some MEMS gadgets.
- And future stock over-stocking by integrators stockpiling chips (amongst them MEMS), probably resulting in a downturn in MEMS gamers’ actions in 2023
