MEMS stands for Micro-Electro Mechanical Systems. Electronic circuits and Mechanical devices can be manufactured on a silicon chip with the help of MEMS techniques. Thus, making the manufacturing of complex microscopic items like sensor chips with built-in electronics possible. There are several different ways to manufacture MEMS. For thin-film fabrication of integrated MEMS parts, techniques like etching and electroplating are used. The whole fabrication of MEMS devices is conducted on a carrier wafer, which is fixed and bonded on a Printed Circuit Board (PCB). Thus PCB is one of the main constituent in the system and will reflect growth with the MEMS Systems.
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These can be applied in every sector like consumer electronics, industrial electronics, medical devices, gaming consoles, drones, imaging, and several other application. Moreover, integration of accelerometers and gyroscopes into a single module opened new prospects to advanced application scenarios devices for augmented/virtual reality (AR/VR), drone, robotics, and gaming console applications. Front-end fabrication and Back-end integration also contributed to the development of MEMS.
The day by day growing demand in consumer electronics with remarkable innovation is an indication towards the exponential growth in MEMS market. Similarly, advancements in the medical devices and imaging devices are also showing strong growth and one should not forget the recent high tide in the Internet of Things (IoT). These trends are rising steadily, so we can expect more products and applications in the upcoming future. Therefore, the MEMS market is all ready to grow even stronger, with an increasing number of product innovations.
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When taking about geographic regions, Asia Pacific region has the largest share of the MEMS market followed by the Americas and is expected to grow at the highest CAGR in the near future. Asia Pacific is also one of the largest market for consumer electronics, automotive, and industrial verticals and has became the centre point for large investments and business expansion opportunities.
The major key players in the MEMS Market are Orbotech Ltd., Robert Bosch GmbH, Taiwan Semiconductor Manufacturing Co. Ltd., HP Development Company, L.P., STMicroelectronics N.V., Honeywell International Inc., Panasonic Corp, Canon, Inc. and FUJIFILM Dimatix, Inc.
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