MEMS market decline in 2020 includes options for long-term growth

July 16, 2020 //By Peter Clarke
MEMS market decline in 2020 includes options for long-term growth
The impact of the Covid-19 pandemic on transportation markets – automotive and aerospace – will cause the global market for MEMS components to fall by 5.2 percent in 2020, according to Yole Developpement.

The market analyst says the market will be worth US$10.9 billion in 2019, down from US$11.5 billion in 2020. The weakest application sectors will be automotive, down 27.5 percent and defense/aerospace down 20.5 percent. While industrial and medical applications will both achieve double-digit percentage growth.

Yole is predicting a recovery to pre-Covid, 2019 market values in 2021 and growth to continue thereafter.

MEMS market forecasts by application sector, 2019 to 2025. Source: Yole Developpement.

Over the period 2019 to 2025 predicts an compound annual growth rate of 7.4 percent to reach US$17.7 billion in 2025. The consumer electronics market will enjoy robust growth to grow as the largest market although the needs of 5G telecommunications will be reflected in that sectors CAGR of 33 percent.

One of the reasons Yole marks industrial MEMS up so strongly is that thermal imagers and detectors for elevated body temperature detection are included in that category. Medical MEMS are following the same growth trend with pressure, flowmeter and microfluidics devices boosted by the covid-19 demand for ventilators and diagnostic tests.

MEMS for RF applications is supporting growth in consumer (smartphone) and telecommunications sectors. This is partly due to the expansion of 5G cellular and sub-6GHz bands for Wi-Fi, which precipitates the need for BAW filters.

Including relevant RF MEMS in the consumer market means it will only contract by 2.6 percent in 2020 but without RF MEMS it is poised to slump by 16 percent.

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