YOLE Group Offers Snapshot of MEMS Sensors and Actuators Market and Projects Trends for 2023

2021 was an exceptional year for MEMS companies, says YOLE Group, the international market analysis firm, which has just released its latest MEMS market report. The MEMS industry is expected to exceed the $22 billion mark five years from now, growing annually at about 9% between 2021 and 2027, the firm predicts. Interesting findings in the report indicated that Bosch continues to be the overall MEMS leader, while STMicroelectronics and TDK sales grew significantly in 2021.

French market research firm Yole Développement just published its 2019 report on Microphones, Microspeakers, and Audio Solutions – Market and Technology Trends. The new report characterizes the main drivers behind the exponential growth in MEMS microphone applications and emerging MEMS speaker technologies, growth opportunities such as voice at the heart of new audio system applications, or the impact of Artificial Intelligence (AI) in the audio value chain.