MEMS industry: A titans battle

An article written by Anne-Francoise Pelé for EETIMES Europe – The global MEMS revenue is set to grow at a 7.4-percent CAGR, from $11.5 billion in 2019 to $17.7 billion in 2025, according to Yole Développement (Lyon, France). The consumer market is and will continue to be the foremost driver for MEMS with about 60 percent of the total, followed by the automotive market at less than 20 percent of the total. But who is leading the race? Who are the followers, the challengers, the changers, and the nichers?

In 2004, market leaders were so dominant that they left many contemporaries far behind. In 2016, the market composition changed and became more balanced. The year 2019, however, has a strong sense of déjà vu. 

“When I did the ranking in 2004, we were moving toward a consolidation of the semiconductor industry, and I thought that the MEMS industry would follow the same path and end up with only the big players,” Éric Mounier, fellow analyst at Yole, told EE Times Europe. However, “when I did the ranking in 2016, I was surprised to see that the big ones were not so big and that the smaller ones had grown. I was wrong about the Battle Royale theory. This year again, I am surprised to see that we are back to the Titans Battle with Broadcom and Bosch, followed by smaller companies.” 

Is this indicating a broader trend? Hard to say, but Broadcom and Bosch now lead the industry with almost $1.4 billion revenue each, while the other key MEMS stakeholders compete in the $400-million-$600-million range… Full article