Experts of the analytical company IC Insights have prepared a report related to the market of semiconductor products manufactured using MEMS technology. According to analysts, in the period from 2015 to 2020, the average annual growth in sales of these products was 10.3%. If we count in physical terms, supplies grew by an average of 14.1% per year.
Sales are expected to grow 16% this year to a record $ 15.9 billion. In 2020, growth was only 11%. Recovering from last year’s pandemic-related slowdown will see sales grow by an average of 11.8% per year between 2020 and 2025, according to IC Insights. In quantitative terms, the average annual growth during this period will be 13.4%. Note that the change in the ratio between growth in physical and monetary terms indicates an increase in the average selling price.
MEMS technology is widely used in sensors and actuators. In 2020, the segment of MEMS devices in the market of sensors and actuators, estimated at $ 16.5 billion, was about 83%. In quantitative terms, out of 30.9 billion sensors and actuators, about 55% are MEMS devices. It remains to add that about 44% of them are consumed by the automotive industry.
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