Recently, Yole Group, a well-known semiconductor market consulting agency, released the latest annual MEMS industry report "Status of the MEMS Industry 2024", introducing the current development of the global MEMS industry.
The report mentions the rapid rise of China's MEMS power in the global MEMS industry and introduces it, giving the question of how long Western companies can stay ahead. The report updates the latest (2023) global MEMS TOP 30 list, and 5 Chinese MEMS companies have entered the global top 30.
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It is worth noting that this year's MEMS TOP 30 list has changed drastically, reflecting the current drastic changes and intensified competition in the global MEMS market.
The global MEMS market will reach 145.4 billion yuan in 2029, with a compound growth rate of 5% in the next five years.
Today, MEMS devices have become an indispensable part of daily life, embedded in various systems such as smartphones, automobiles, and fighter jets, such as MEMS silicon microphones in mobile phones and airbag detection sensors in automobiles. Due to the diversified application of MEMS devices, the global MEMS market has grown rapidly for many years, and its volume and related revenue are considerable.
In 2023, the global economic environment continues to be sluggish, many industries have experienced recession and high inventories, and 2023 is also a difficult year for the global MEMS industry.
According to Yole report data, the global MEMS market share in 2023 will be about 14.6 billion US dollars (about 106.1 billion yuan), a decrease of 14.6 million US dollars (about 106 million yuan) from 2022, a year-on-year decrease of 3%, mainly due to consumer electronics and the downturn in the economic cycle.
Some major trends are taking place in the end market, including the sensingization of consumer electronics, autonomous driving, the rise of smart cockpits, Industry 4.0, and artificial intelligence, and these trends are expected to grow over the long term, resulting in a significant demand for MEMS devices.
In order to sustain the growth of the MEMS industry, MEMS needs to be optimized in terms of efficiency, form factor, cost, robustness, and intelligence – and almost all MEMS companies are engaged in R&D in this direction.
Yole Group expects the global MEMS market to grow again in 2024, with shipments of about 34 billion units in 2024 (up 9% year-on-year) and revenue of US$15.6 billion (about 113.4 billion yuan).
The global MEMS market is expected to return to a steady pace by 2025, paving the way for renewed growth and stability of the MEMS market, which is expected to register a CAGR of 5% from 2023 to 2029. The MEMS market is expected to reach US$20 billion (about 145.4 billion yuan) in 2029, and shipments will reach nearly 43 billion units by 2029.
In terms of segmentation, the consumer market remains the largest market for MEMS, with a market of $7.7 billion in 2023 and will grow to $9.8 billion by 2029, with a five-year compound annual growth rate (CAGR) of 4%. The MEMS communications market (Telecom) is the fastest-growing market with a 5-year CAGR of 21% and will grow from $200 million in 2023 to $500 million in 2029.
The automotive market grew at a five-year compound annual growth rate of 7%, from $2.8 billion to $4.2 billion. The MEMS industry market grew from $2.6 billion to $3.6 billion at a 5-year CAGR of 5%.
Therefore, from the perspective of market growth rate, the markets with the fastest growth rate of global MEMS in the next five years are: communication (21%), defense and aviation (8%), automotive (7%), industrial (5%), consumer (4%), and medical (3%).
There are only 90,000 MEMS wafers in Chinese mainland! Can Chinese MEMS companies absorb local production? Looking forward to more Chinese companies going bankrupt or cessating MEMS activities?
In recent years, China has attached great importance to the development of the smart sensor industry, and has built MEMS production lines in many places, and from a global perspective, the output of MEMS wafers is also rising.
Yole Group estimates that the global MEMS industry processed nearly 4 million wafers in 2023 and is expected to grow to 5 million wafers by 2029.
Of these, about 60% of MEMS wafers are produced in Western countries (North America and Europe), about 19% in Japan, and the rest in Greater China and Southeast Asia (Malaysia and Singapore). At the same time, the report believes that although global semiconductor manufacturing, including MEMS, has a trend of returning to Western countries, Chinese mainland is expected to increase its MEMS manufacturing share in the next few years.
Specifically, in 2023, about 1.1 million MEMS wafers will be produced in North America and Europe, about 750,000 MEMS wafers will be produced in Japan, 520,000 MEMS wafers will be produced in Malaysia and Singapore, 260,000 MEMS wafers will be produced in Taiwan, and 90,000 MEMS wafers will be produced in Chinese mainland.
It can be seen that compared with the huge MEMS demand in Chinese mainland, the number of local MEMS wafer production is still small, only about 90,000 pieces - so in recent years, China has built a number of MEMS production lines and is committed to increasing local MEMS wafer production.
However, China's MEMS market is currently dominated by international brands, and many international MEMS giants already have their own MEMS factories or solid overseas foundries, and it remains to be seen whether Chinese MEMS companies will be able to absorb local MEMS wafer production.
Yole Group also mentioned that the growing number of MEMS companies and foundries has created a massive oversupply locally and is killing the profit margins of most players today. If demand doesn't pick up quickly, should we expect more Chinese companies to go bankrupt or stop MEMS activity? Or will this lead to greater integration of the Chinese ecosystem? How many of these companies will receive the financial support they need to survive?
It can also be seen that the participation of Chinese enterprises in the global MEMS industry competition has intensified the competitive pressure of the global MEMS market.
Bosch and Broadcom have been ranked as the top 2 MEMS in the world, and their revenues have declined! 5 Chinese MEMS companies have entered the top 30 in the world! Sai Microelectronics continues to be the No. 1 MEMS foundry in the world!
2023 has been a difficult year for MEMS participants. The consumer downturn has impacted demand for end systems, and high inventory levels in the supply chain have created supply imbalances and the automotive end market has declined. In addition, customer-level inventories are forcing sensor manufacturers to reduce production levels and reduce foundry utilization, thereby reducing sales.
Bosch, STMicroelectronics, and TDK continue to lead the MEMS sensor market, while Broadcom and Qorvo lead the RF MEMS market. Bosch and Broadcom are still ranked in the top 2 of the world's top 30 MEMS, but their revenues will decline in 2023. The third and fourth places – TDK and Qorvo – showed steady growth compared to the previous year. Broadcom lost a significant portion of orders in Apple's FBAR business, resulting in a more slump in revenue, while Qorvo boosted revenue with its BAW SMR filter business.
It is worth mentioning that in recent years, TDK has increased its investment in the MEMS sensor business through the acquisition of Invensense, Tronics and other companies, and has achieved results, and in 2023, TDK will enter the top three global MEMS for the first time, second only to Bosch and Broadcom.
It is worth noting that this year's MEMS TOP 30 list has changed drastically, reflecting the current drastic changes and intensified competition in the global MEMS market.
For example, TDK entered the global TOP3 for the first time, while Qualcomm, the world's third place in the previous year, fell 16 places to rank 19th, in addition, HP, Canon, Epson and other MEMS printer printhead companies have improved significantly, which reflects the drastic changes in the current global MEMS market.
The MEMS foundry business was also relatively flat last year, down 1% year-on-year. Most sensor manufacturers have reduced their orders due to declining demand for top/end-system level sensors, or excessively high channel inventory levels. However, this decline is offset by the continued growth of players entering the MEMS industry with new designs and technologies across the globe.
From the perspective of the TOP 30 list, Silex Microsystems, a wholly-owned subsidiary of Sai Microelectronics, ranks 27th, surpassing Teledyne MEMS (ranked 29th) and TSMC (ranked 30th), and continues to be the first place in the global MEMS wafer foundry.
In terms of Chinese MEMS companies, Goermicro ranks 11th, which is the highest-ranked Chinese MEMS company, in addition, AAC Technologies (AAC, 26) and Hikmicro (28) are also in the top 30.
Therefore, at present, five Chinese companies, including Goertek, AAC Technologies, Silex, Hikvision Microelectronics, and TSMC, have entered the top 30 of global MEMS.
2024 Global Top 30 MEMS Vendor Ranking and Introduction
TOP 1、Robert BOSCH（博世）
Ranking changes: 0
Headquarters: Germany
Main product types: covering 5 categories: inertial, environmental, intelligent, optical, and acoustic sensors.
Main application areas: Automotive manufacturing, consumer electronics, household appliancesBosch is a leading MEMS manufacturer, firmly occupying the automotive and consumer electronics markets.
Bosch is a German semiconductor and electronics giant, engaged in automotive and intelligent transportation technology, industrial technology, consumer goods and energy and building technology industries, and is currently the world's undisputed MEMS sensor king. At present, Bosch is promoting the construction of a 12-inch MEMS wafer production line in Dresden, a city in eastern Germany, with an investment of 1 billion euros.
TOP 2、Broadcom（博通）
Ranking changes: 0
Headquarters: United States
Main product types: optical sensors, proximity sensors, ambient brightness sensors, etc
Main application areas: communication applications, industrial applications
Broadcom is the world's leading wired and wireless communication semiconductor fabless company, with a wide range of business content, especially in the communication chip industry. Broadcom and Bosch, known as the two major MEMS giants in the world, have lagged behind Bosch in recent years, and their MEMS business has grown strongly in 2021 due to the demand for 5G communications.
TOP 3、TDK
Rank Change: +4
Headquarters: Japan
Main product types: inertial sensors, temperature sensors, pressure sensors, accelerometers, etc
Main application fields: mobile communications, automotive electronics, consumer electronics, industry
TDK is a global leader in electronic components and electronic raw materials, and its MEMS business is mainly derived from InvenSense and Tronics. InvenSense is an American sensor company that was acquired by TDK in 2016 as part of its MEMS Sensors business group. Tronics is a French sensor company that was acquired by TDK in 2016.
TOP 4、Qorvo
Ranking changes: 0
Headquarters: United States
Main product types: amplifiers, filters, passive components, oscillators, frequency converters
Main application fields: wireless communications, aerospace and defense, consumer electronics
Qorvo, which provides high-performance RF solutions for advanced wireless, defense radar and communications applications, is focused on the development of RF RF devices and is a major supplier of RF MEMS devices worldwide, with declining shipments in 2022. In 2021, it acquired NextInput to enter the field of human-machine interface pressure sensing.
TOP 5、Hewlett Packard（惠普）
Rank Change: +3
Headquarters: United States
Main product types: inkjet, laser printing MEMS printheads
Main application area: printers
HP is a global computer and printer giant, and the sales contribution of its MEMS devices comes mainly from the MEMS inkjet printheads of its own printers. In the early years of the MEMS industry, HP was ranked first for many years, but due to the sluggish growth of global laser printing demand, HP's MEMS business ranking fell year after year, but it was still among the top 10 MEMS in the world. MEMS inkjet printhead is one of the important application fields of MEMS, compared with the traditional mechanical printhead, it has the characteristics of smaller spout size, even up to a few microns, smaller thickness, higher precision, higher density, and excellent mechanical and electrical properties. MEMS inkjet printheads have a tendency to replace traditional mechanical printheads.
TOP 6、STMicroelectronics（意法半导体）
Ranking changes: -2
Headquarters: Switzerland
Main product types: MEMS sensors, including accelerometers, gyroscopes, digital compasses, inertial modules, pressure sensors, humidity sensors, smart sensors, Sensor Hubs, temperature sensors, and touch sensors
Main application areas: communications, automotive, industrial
STMicroelectronics (STMicroelectronics) is an international IDM company, a global sensor giant, in the early years has been the world's MEMS sensor devices TOP3, second only to Bosch and Broadcom, in recent years affected by the demand for 5G communication equipment, etc., fell to TOP4. In 2022, the demand for automotive MEMS sensors will grow strongly.
TOP 7、Texas Instruments（德州仪器）
Rank change: -1
Headquarters: United States
Main product types: Humidity Sensors, Capacitive Sensing, Gas/Chemical Sensing, Hall Effect Sensors, Inductive Sensing, Optical Sensing, Pressure Sensing, Ultrasonic Sensing, Current Sensing, Other Sensor Signal Conditioners
Main application areas: electronic products, automobile manufacturing, communication equipment, household appliances
Texas Instruments is a world-renowned semiconductor company, according to IC Insights statistics in 2021, Texas Instruments is the world's ninth-largest semiconductor manufacturer, mainly focusing on MEMS micromirror arrays in MEMS technology.
TOP 8、Skyworks
Rank change: +12
Headquarters: United States
Main product type: MEMS RF devices
Main application fields: mobile communication, wireless communication
Skyworks is an American semiconductor company that manufactures semiconductor chips for radio frequency (RF) and mobile communication systems, including power amplifiers, front-end modules, and RF products for mobile phones and wireless infrastructure equipment.
TOP 9、Honeywell（霍尼韦尔）
Rank Change: +4
Headquarters: United States
Main product types: pressure, inertia, temperature, humidity infrared, ultrasonic, magnetoresistive, Hall, current and other sensors
Main application areas: Aerospace/Defense, Transportation, Medical and Industrial
Honeywell has a broad range of businesses including consumer electronics manufacturing, engineering services and aerospace systems. Honeywell is also one of the world's leading suppliers of sensors, and its MEMS sensor business has always ranked among the top in the world.
TOP 10、Canon（佳能）
Rank changes: +7
Headquarters: Japan
Main product types: image sensors, MEMS inkjet printheads
Main application fields: consumer electronics, office equipment, industrial electronics
Canon is a global imaging and optics giant, and its main sensor products are CMOS image sensors and MEMS devices, and Canon's image sensors have always been equipped in its own cameras and camcorders. MEMS sales are similar to HP's, mainly due to the contribution of MEMS inkjet printheads from its own printers.
TOP 11、歌尔微电子（Goermicro）
Ranking changes: -2
Headquarters: China
Main product type: MEMS microphone
Main application fields: consumer electronics, automotive electronics
Goertek Microelectronics is Goertek, China's local TOP 1 MEMS company, Goertek is a subsidiary of Goertek spun off, is the only entity in the MEMS business in the Goertek system, Goertek is mainly based on MEMS acoustic sensor products, in addition to wafer manufacturing, business covers chip design, product development, packaging and testing and system application and other key links in the industrial chain.
TOP 12、TE Connectivify（泰科电子）
Rank change: -1
Headquarters: Switzerland
Main product types: pressure, temperature, inertia, humidity, infrared, ultrasonic, magnetoresistive, Hall, current and other sensors
Main application areas: transportation, industry, communications
TE is a global giant in electronic components and sensors, with a wide range of sensors and applications, and a wide range of MEMS sensors. In recent years, Tyco Electronics has continuously consolidated its position in the sensor market through the acquisition of a number of sensor giants, including well-known sensor companies such as Precision Electronics (MEAS) in the United States and First Sensor in Germany.
TOP 13、NXP（恩智浦）
Rank change: -3
Headquarters: Netherlands
Main product types: pressure, inertial, gyroscope and other sensors
Main application fields: medical electronics, industrial electronics, automotive electronics
NXP is a world-renowned semiconductor company, formerly known as Philips Semiconductors. NXP has a wide range of sensor business, and has invested more in MEMS sensors, especially MEMS pressure sensors, in recent years, according to Yole's data, NXP has entered the ranks of the top 5 sensor manufacturers in medical, automotive, industrial and other related fields. In 2016, Qualcomm planned to acquire NXP, but in 2018, the acquisition fell through because it was not offered by the Chinese government.
TOP 14、Analog Devices（ADI）
Rank changes: +2
Headquarters: United States
Main product types: acceleration sensors, gyroscopes, inertial sensors, magnetic field sensors, temperature sensors
Main application areas: consumer electronics, industrial, automotive, etc
Founded in 1965, ADI Analog Devices is one of the world's oldest semiconductor companies, as one of the world's top 1 analog circuit companies. ADI manufactures ADC, DAC, MEMS, DSP and other chips, and MEMS is one of its main businesses. In August 2021, ADI officially completed the acquisition of another analog giant, competitor Maxim Semiconductor, for approximately $21 billion, the largest acquisition in ADI's history.
TOP 15、Knowles Electronics（楼氏电子）
Rank change: -3
Headquarters: United States
Main product type: MEMS microphone
Main application areas: consumer electronics, mobile communications, medical technology (hearing), military, space
Knowles is a world-renowned manufacturer of acoustic and audio system electronics, and once held a leading position in the MEMS microphone market. In 1954, Knowles introduced the world's first miniature microphone and receiver for hearing aids, and in 2001, the first surface-mount MEMs (microelectromechanical systems) microphones were introduced. Knowles Electronics has fierce competition with Goertek, AAC and other manufacturers in the consumer electronics MEMS microphone business, and its current market share has been surpassed by Goertek.
TOP 16、Murata（村田制作所）
Rank Change: +3
Headquarters: Japan
Main product types: AMR sensors, barometric pressure sensors, vibration sensors, thermoelectric infrared sensors, magnetic recognition sensors, rotary position sensors, ultrasonic sensors, acceleration sensors, gyroscopes
Main application areas: healthcare, automotive manufacturing, mobile communications, industrial electronics, personal computers, security and protection
Murata Manufacturing is a well-known manufacturer of electronic components in Japan, and its sensor technology is characterized by ceramic technology as the core, making full use of MEMS, process technology, magnetoresistive components, etc., to study sensing functions, and Murata Manufacturing has a wide variety of sensors.
TOP 17、Infineon Technologies（英飞凌）
Rank change: -3
Headquarters: Germany
Main product types: LiDAR, Magnetic Sensor, Current Sensor, Pressure Sensor, Image Sensor
Main application areas: automotive manufacturing, consumer electronics, industrial applications, medical equipment
Infineon is a global sensor and semiconductor giant, formerly known as Siemens Semiconductors. Infineon's sensor business is broad and used in many areas, and its MEMS sensor business is one of the world's leading companies. In 2016, Infineon acquired Innoluce and entered the MEMS solid-state LiDAR market.
TOP 18、EPSON（爱普生）
Rank change: +10
Headquarters: Japan
Main product type: MEMS inkjet printhead
Seiko Epson, is a Japanese company that mainly manufactures inkjet printers, laser printers, dot matrix printers, and other related electronic devices. Its MEMS shipments are mainly from MEMS inkjet printheads.
TOP 19、Qualcomm（高通）
Ranking change: -16
Headquarters: United States
Main product type: MEMS filter
Main application fields: automotive, consumer electronics, drones, robots, etc
Qualcomm is a global leader in mobile communication technology, known for pioneering CDMA technology, Qualcomm has Qualcomm MEMS Technologies, RF360 and other subsidiaries, mainly engaged in the research and development and sales of radio frequency (RF) front-end MEMS devices, its MEMS filters are based on surface acoustic wave (SAW), temperature compensated surface acoustic wave (TC-SAW) and bulk acoustic wave (BAW) solutions. Benefiting from the strong demand for MEMS RF devices for 5G communications, Qualcomm achieved a high growth rate of 21% in 2022. In 2023, its MEMS business will decline severely.
TOP 20、Sensirion（盛思锐）
Rank change: +1
Headquarters: Switzerland
Main product types: gas/particulate matter sensors, temperature sensors, flow sensors, differential pressure sensors, mass flow controllers, etc
Main application areas: heating, ventilation and air conditioning (HVAC), home appliances, gas meters and industrial automation
Sensirion is a well-known Swiss high-tech company and the world's leading sensor manufacturer specializing in solutions for humidity, differential pressure and flow sensors, with sales offices in the United States (California), Japan, Korea, China and Germany, employing around 300 people. Sensirion develops and manufactures high-quality image sensors and systems for a wide range of OEM applications, i.e. contract manufacturing.
TOP 21、Sensata(森萨塔)
Rank change: +1
Headquarters: United States
Main product types: pressure sensors, air flow sensors, analytical sensors, automotive sensors, pressure sensors, temperature sensors, etc
Main application areas: automotive manufacturing, HVAC, military defense
Sensata is a leading global sensor company with a broad sensor business that develops a wide range of sensor-based solutions, including controllers and software, as well as other mission-critical products under a portfolio of 17 related brands.
TOP 22、Amphenol（安费诺）
Rank changes: +2
Headquarters: United States
Main product types: pressure sensors, hygrometers, gas sensors, temperature sensors
Main application areas: aerospace, military electronics, transportation, automotive, industrial
Amphenol is the world's largest electronic and optical fiber connector company, and in recent years, it has acquired a number of well-known sensor companies around the world, such as advanced sensors, to expand the field of industrial sensors.
TOP 23、Teledyne(FLIR,MEMS)
Rank change: -5
Headquarters: United States
Main product types: thermal imaging cameras, temperature sensors, MEMS wafer foundry, etc
Main application areas: industrial, military defense, drones
Teledyne is a long-established U.S. industrial conglomerate with more than 150 subsidiaries at various times in four major business groups: Digital Imaging, Instrumentation, Engineered Systems, and Aerospace & Defense Electronics. FLIR is the world's No. 1 brand of infrared sensors, mainly producing thermal imagers and sensors, and most of the sensor products are used in military and defense, and the U.S. government is its largest customer, accounting for about 31% of its revenue. Teledyne MEMS is the world's second-largest pure-play MEMS foundry, specializing in the design and manufacture of specialized electronic imaging components (image sensors, cameras, frame grabbers, imaging software), as well as specialized semiconductor manufacturing (MEMS, high voltage ASICs).
TOP 24、Si Time
Ranking changes: -9
Headquarters: United States
Main product types: MEMS clock generators, oscillators
Main application areas: industrial, aerospace, military electronics, transportation,
Si Time mainly focuses on the R&D and production of MEMS clock generators, and is the global leader and market leader in MEMS clock technology. Also affected by the demand for 5G communication equipment, Si Time's MEMS business grew strongly.
TOP 25、Melexis
Ranking changes: 0
Headquarters: Belgium
Main product types: sensor chips for current, pressure, temperature, magnetic position, acceleration, etc
Main application areas: automotive, industrial
Melexis is a Belgian MEMS sensor chip company, mainly engaged in the research and development and sales of various MEMS sensor chips. Today, Melexis employs more than 1,500 people and operates in 19 countries on three continents.
TOP 26、瑞声科技（AAC）
Rank change: -3
Headquarters: China
Main product types: MEMS microphones, wireless RF, vibration motors, micro cameras, etc
Main application areas: mobile communications, IT products, consumer electronics, household appliances, automobiles and medical instruments
AAC Technologies is the top 2 MEMS companies in China, second only to Goertek, and AAC Technologies' MEMS devices are mainly MEMS microphone products, which are used in consumer electronics business. Also affected by the weak overall demand for consumer electronics, AAC Technologies' MEMS business grew sluggishly and fell in the rankings.
TOP 27、Silex Microsystems AB
Rank change: -1
Headquarters: China
Main product type: MEMS sensor foundry manufacturing
Silex Microsystems AB, located in Jarfalla, Sweden, is a pure MEMS foundry, and is now a subsidiary of China Sai Microelectronics, Silex is mainly engaged in MEMS wafer foundry business, ranking first in the global MEMS foundry for three consecutive years in 2019, 2020 and 2021.
TOP 28、海康微影（Hikmicro）
Rank change: +1
Headquarters: China
Main product types: MEMS sensors, infrared detectors
Hikvision is a leading enterprise in China and the world's security monitoring system, and its MEMS business mainly comes from its subsidiary Hikvision Microfilm, according to Hikvision, Hikvision has built an 8-inch MEMS production line and packaging line, with an annual production capacity of 10,000 wafers and one million detectors.
TOP 29、Teledyne MEMS
Ranking Changes: - (New)
Headquarters: Canada
Main product type: MEMS sensor foundry manufacturing
Teledyne MEMS, or Teledyne DALSA, is currently the world's second largest pure-play MEMS foundry and is a Canadian company specializing in the design and manufacture of specialized electronic imaging components (image sensors, cameras, frame grabbers, imaging software), as well as specialty semiconductor manufacturing (MEMS, high-voltage ASICs). Teledyne DALSA is part of the Teledyne Imaging Group, an imaging company owned by Teledyne.
TOP 30、TSMC（台积电）
Rank change: -3
Headquarters: China
Main product type: MEMS sensor foundry manufacturing
TSNC (TSMC) is the world's first wafer foundry, TSMC is not only the world's top 1 wafer foundry, but its MEMS foundry business is also among the top 3 in the world. At present, TSMC is working on the construction of a 12-inch wafer line with Butterfly Networks, an American ultrasonic chip design company.
Part of this article is from:
Yole reports
https://www.yolegroup.com/product/report/status-of-the-mems-industry-2024/