MEMS market to experience reduced price erosion

September 07, 2018 //By Peter Clarke
MEMS market to experience reduced price erosion
The annual market for MEMS-based sensors and actuators is expected to be $12.7 billion, up 10.4 percent on the market in 2017, according to IC Insights.

Reduced price erosion is one of the major trends IC Insights is predicting for the next five years.

The ASP for MEMS-built sensors and actuators is projected to drop by a CAGR of -2.0 percent between 2017 and 2022 compared to a -4.7 percent annual rate of decline in the 2012 to 2017 period and the steep CAGR plunge of -13.6 percent between 2007 and 2012.

 The ASP for MEMS-built devices is expected to be $0.88 in 2022 versus $0.97 in 2017, $1.24 in 2012, and $2.57 in 2007.

MEMS-based sensor, actuator market in dollars and units from 2012 to 2022. Source: IC Insights.

The addition of processing and intelligence, such as artificial intelligence, into MEMS is expected to ASPs from falling as much as they did in the last 10 years. These additions of functionality will also make MEMS-based sensors and actuators increasingly application specific allowing them to price to the market and insulating them from more general pricing pressures.

Revenues for MEMS-built sensors – including accelerometers, gyroscope devices, pressure sensors, and microphone chips – are expected to grow 10 percent in 2018 to $6.8 billion compared to nearly $6.1 billion in 2017. Shipments of MEMS-built sensors are forecast to rise about 11 percent in 2018 to 11.1 billion after growing 19 percent in 2016.

The remaining $5.9 billion of the market is made of MEMS-based actuators, such as dispensing ink in printers or drugs in hospital patients, reflecting light on tilting micro-mirrors in digital projectors, or filtering radio-frequency signals by converting RF to acoustic waves across structures on chips.

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