Core Insights - The MEMS industry is expected to see new growth opportunities in 2024, with global revenue reaching $15.4 billion, a 5% year-over-year increase, driven by the end of the "inventory effect" in Q2 [1] - The demand for MEMS devices is anticipated to grow significantly in 2025, as markets recover to pre-COVID levels and driven by trends across various end markets [1][6] Consumer Electronics - Integration of new sensors in smartphones is expected to stagnate, while interest in MEMS devices in wearable technology, such as TWS earbuds, is on the rise [1] - The AR/VR headset market is projected to grow significantly by 2030, creating substantial demand for LBS, inertial sensors, and microphones [1] - Environmental sensors will see increased application in air purifiers, thermostats, and HVAC systems due to growing concerns about air quality [1] Automotive Sector - The automotive market remains stable, with a decline in MEMS pressure sensors used in BEVs, but growth in other automotive applications such as ADAS and safety features [2] - MEMS inertial sensors will find opportunities in battery impact detection and vehicle parking status monitoring [2] Industrial Applications - The trend towards Industry 4.0 and warehouse automation is leading to a shift from traditional vehicles to AGVs and smart factory vehicles, increasing the demand for motion sensors, microphones, and ultrasonic sensors [2] - Machine health monitoring is a key application area for MEMS inertial sensors and microphones [2] Medical Market - The emergence of OTC hearing aids is expected to drive sales growth for MEMS microphones, micro speakers, and motion sensors [3] - The use of ultrasound in diagnostics is predicted to expand, with handheld ultrasound probes being utilized in telemedicine [3] Telecommunications - The continuous growth of global data traffic and significant investments in AI will drive the use of telecom equipment such as optical MEMS and MEMS-based oscillators [3] - MEMS technology offers advantages in cooling systems due to its smaller size compared to traditional technologies [3] Defense and Aerospace - The defense and aerospace markets are expected to grow in 2024, driven by the demand for precise positioning in drones and missiles, as well as stable antennas [3] Market Trends and Projections - The MEMS industry is projected to achieve a compound annual growth rate (CAGR) of 3.7% from 2024 to 2030, with sales expected to reach 35 billion units and revenue of $19.2 billion by 2030 [3] - Major players in the MEMS sensor market include Bosch, STMicroelectronics, and TDK, with Bosch expected to generate $2 billion in revenue in 2024, a 12% increase [6] - The overall wafer foundry business is expected to remain stable, with a 3.2% year-over-year revenue growth in 2024 [6] Technological Developments - The MEMS market is evolving with a focus on smart sensors that offer various functionalities, optimizing size, power consumption, and data privacy [10][11] - The adoption of piezoelectric MEMS in applications such as PMUT, inkjet print heads, and RF MEMS is on the rise [10] - The trend towards 12-inch MEMS manufacturing is gaining traction, facilitating better integration with ICs and improved performance [10] Ecosystem Development - 2024 is seen as a transitional year for the MEMS ecosystem, with ongoing participation in 300mm MEMS manufacturing and advancements in MEMS micro-speaker production [7]