IC Insights: Global MEMS sales will reach a record high in 2021

According to IC Insights’ latest report, Sales of Semiconductor sensors and actuators made with microelectromechanical systems (MEMS) technology are expected to grow about 16% in 2021 to a record-high $15.9 billion after an 11% increase in 2020 during the economic havoc caused by the Covid-19 virus pandemic and the automotive industry’s worst year in decades. Recovery growth in MEMS-based sensor/actuator products surged in the second half of 2020 when manufacturers quickly began to refill inventories after seeing signs of stabilization and recovery in key end-use markets.

The IC Insights report stated that between 2020 and 2025, sales of MEMS-based sensors and actuators are expected to increase by a compound annual growth rate (CAGR) of 11.8% to $24.1 billion with shipments rising by a CAGR of 13.4% to 32.1 billion units (Figure 1), based on the O-S-D Report’s five-year forecast.

IC Insights: Global MEMS sales will reach a record high in 2021

Around half of the semiconductor sensors and nearly all actuators sold each year contain tiny MEMS transducer structures and circuit functions to perform their jobs in end-use applications.

IC Insights pointed out that in 2020, about 83% of sales in the total $16.5 billion sensor/actuator market came from devices built with MEMS technology. About 55% of the total 30.9 billion sensors and actuators shipped worldwide in 2020 contained MEMS, based on data in the IC Insights’ O-S-D Report. Approximately 44% of sales in MEMS-based sensors and actuators are generated annually by automotive applications. Total sales of MEMS-based pressure sensors, microphone chips, accelerometers, gyroscope devices, and actuators are expected to increase annually by double-digit percentages until 2024, when the next cyclical economic slowdown is expected to cut growth to 4%, followed by a modest 9% rebound in 2025.

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