Sensors and actuators made with MEMS technology are forecast to grow by high double-digit percentages in the next several years after starting a recovery in 2H20, says new report.
Sales of semiconductor sensors and actuators made with microelectromechanical systems (MEMS) technology are expected to grow about 16% in 2021 to a record-high $15.9 billion after an 11% increase in 2020 during the economic havoc caused by the Covid-19 virus pandemic and the automotive industry’s worst year in decades, according to IC Insights’ 2021 O-S-D Report—A Market Analysis and Forecast for Optoelectronics, Sensors/Actuators, and Discretes. Recovery growth in MEMS-based sensor/actuator products surged in the second half of 2020 when manufacturers quickly began to refill inventories after seeing signs of stabilization and recovery in key end-use markets, says the 350-page O-S-D Report. Between 2020 and 2025, sales of MEMS-based sensors and actuators are expected to increase by a compound annual growth rate (CAGR) of 11.8% to $24.1 billion with shipments rising by a CAGR of 13.4% to 32.1 billion units (Figure 1), based on the O-S-D Report’s five-year forecast.
