1. Introduction of Piezoelectric MEMS Market Types
According to the types, Piezoelectric MEMS can be divided into Sensor and Actuator.
Sensor: Piezoelectric MEMS sensors can sense the existence and intensity of some physical, chemical or biomass (such as pressure, visible light, sound, temperature, etc.), and can convert the perceived information into electrical signals or other required forms of information output according to certain laws to meet the system’s requirements for information transmission, processing, storage, display, recording and control. Including acoustic sensor, pressure sensor, inertial sensor and so on.
Actuator: Piezoelectric MEMS actuator is a device that realizes mechanical movement or generates force and torque and other behaviors, and is mainly responsible for receiving the electrical signal sent by the sensor and converting it into micro-actions or micro-operations, including piezoelectric MEMS RF devices, inkjet printing and so on.
2. Global Piezoelectric MEMS Market Size by Type
For the sensor segment, the market size is expected to grow from $225.25 million in 2023 to $1178.44 million by 2031, reflecting a CAGR of 22.98%. This substantial growth can be attributed to the increasing demand for sensors in various applications such as consumer electronics, industrial, and healthcare, where precision and miniaturization are key requirements.
The actuator segment also exhibits a strong growth pattern, with the market size expanding from $104.78 million in 2023 to $653.44 million by 2031, with a slightly higher CAGR of 25.71%. This growth can be linked to the rising integration of actuators in advanced systems that require precise control and motion, such as in robotics, automotive, and automation technologies.
Table Piezoelectric MEMS Market Size CAGR by Type (M USD)
| 2023 | 2031 | CAGR (2023-2031) |
Sensor | 225.25 | 1178.44 | 22.98% |
Actuator | 104.78 | 653.44 | 25.71% |
Total | 330.03 | 1831.89 | 23.89% |
Market share analysis for the global Piezoelectric MEMS by type from 2018 to 2023 demonstrates a relatively stable distribution between sensors and actuators, with sensors capturing the majority of the market. In 2018, sensors accounted for a substantial 70.79% of the market, with a market share that slightly fluctuated but remained in the range of 68% to 70% over the years, ending at 68.25% in 2023. This indicates a consistent demand for piezoelectric MEMS sensors across various industries throughout the period.
Actuators, while holding a smaller share, also show a slight increase in market presence, starting from 29.21% in 2018 and growing to 31.75% by 2023. This suggests a growing adoption of piezoelectric MEMS actuators in applications where precise mechanical movement or force generation is required.
Table Global Piezoelectric MEMS Market Size Market Share by Type (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Sensor | 70.79% | 70.24% | 69.72% | 69.21% | 68.77% | 68.25% |
Actuator | 29.21% | 29.76% | 30.28% | 30.79% | 31.23% | 31.75% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
3. APAC Piezoelectric MEMS Market Analysis by Type
Asia-Pacific (APAC) region has demonstrated a consistent growth in revenue for both sensor and actuator types of Piezoelectric MEMS from 2018 to 2023. In 2018, the revenue from sensors was $63.21 million, which gradually increased to $130.42 million in 2023, showing a significant uptake in the sensor technology across the APAC market. This growth can be attributed to the high demand for sensors in various applications such as smartphones, automotive, and medical devices, which are booming in the region.
On the other hand, the actuator segment also showed a positive trend, starting from $25.42 million in 2018 and reaching $59.33 million by 2023. Although the actuator market is smaller compared to the sensor market, the increase indicates a growing need for advanced actuation systems in industrial automation, robotics, and similar high-precision applications.
Overall, the combined revenue for both types in the APAC region increased from $88.63 million in 2018 to $189.74 million in 2023, reflecting the substantial growth and potential of the Piezoelectric MEMS market in this region. This upward trend is expected to continue as APAC remains a hub for technological advancements and manufacturing.
Table APAC Piezoelectric MEMS Revenue (M USD) by Types (2018-2023)
APAC | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Sensor | 63.21 | 70.52 | 75.86 | 91.50 | 112.27 | 130.42 |
Actuator | 25.42 | 29.15 | 32.17 | 39.76 | 49.84 | 59.33 |
Total | 88.63 | 99.66 | 108.03 | 131.26 | 162.10 | 189.74 |
4. Introduction of Piezoelectric MEMS Market Applications
According to the applications, Piezoelectric MEMS can be divided into Consumer Electronics, Industrial, Healthcare and others.
Consumer Electronics: Piezoelectric MEMS products are widely used in mainstream consumer electronics such as smart phones, smart wireless headphones, tablet computers, and in recent years, emerging applications such as smart wearable devices, smart homes, smart speakers, and smart TVS are also widely used in piezoelectric MEMS products.
Industrial: In the industrial field, the application of piezoelectric MEMS products can optimize industrial production management, improve industrial production efficiency, and enhance the level of intelligent production, and has a broad application space. For example, in the hydraulic system, safety control system, pressure monitoring system, refrigeration compressor system equipped with pressure sensors for feedback control, so as to achieve intelligent control.
Healthcare: Piezoelectric MEMS enables medical devices to be miniaturized and improve their level of automation, intelligence and reliability, making medical testing, diagnosis, surgery and treatment more convenient, accurate and even painless. For example, MEMS acoustic sensors can be used in hearing AIDS to achieve miniaturization, high noise reduction performance, low power consumption, high reliability and stability.
5. Global Piezoelectric MEMS Market Size by Application
Consumer Electronics is anticipated to experience the highest growth, with the market size escalating from $164.05 million in 2023 to $987.25 million by 2031, marking a CAGR of 25.15%. This significant expansion can be attributed to the increasing incorporation of MEMS technology in smart devices and wearables.
Industrial sector also foresees considerable growth, with a CAGR of 22.47%, growing from $83.43 million in 2023 to $422.18 million by 2031. This can be linked to the ongoing automation and precision requirements in manufacturing processes.
Healthcare sector is projected to grow steadily, with a CAGR of 24.63%, increasing from $29.72 million in 2023 to $172.98 million by 2031. The growth is driven by the demand for advanced medical equipment and systems that necessitate high accuracy and reliability provided by MEMS technology.
Table Global Piezoelectric MEMS Market Size CAGR by Application (M USD)
| 2023 | 2031 | CAGR (2023-2031) |
Consumer Electronics | 164.05 | 987.25 | 25.15% |
Industrial | 83.43 | 422.18 | 22.47% |
Healthcare | 29.72 | 172.98 | 24.63% |
Other | 52.83 | 249.48 | 21.41% |
Total | 330.03 | 1831.89 | 23.89% |
Global market share distribution for Piezoelectric MEMS by application from 2018 to 2023 highlights the dominance of the Consumer Electronics sector, which has consistently held the largest share of the market. In 2018, this sector commanded a substantial 47.24% share, gradually increasing to 49.71% by 2023. This growth underscores the pervasive use of MEMS technology in smartphones, smart wearables, and other consumer gadgets.
The Industrial sector also maintains a significant presence, with a market share ranging from 26.78% in 2018 to 25.28% in 2023. This indicates the substantial reliance on MEMS technology in industrial automation, process control, and safety systems.
Healthcare occupies a smaller but stable market share, increasing marginally from 8.74% in 2018 to 9.00% in 2023. The growth can be attributed to the increasing integration of MEMS in medical devices for diagnostics, monitoring, and treatment.
In summary, while the Consumer Electronics sector leads in market share, all application areas have maintained a relatively steady presence over the years, with slight fluctuations reflecting the dynamic nature of technological adoption across different industries.
Table Global Piezoelectric MEMS Market Share by Application (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Consumer Electronics | 47.24% | 47.81% | 48.28% | 48.68% | 49.25% | 49.71% |
Industrial | 26.78% | 26.52% | 26.23% | 25.86% | 25.58% | 25.28% |
Healthcare | 8.74% | 8.79% | 8.85% | 8.89% | 8.94% | 9.00% |
Other | 17.24% | 16.88% | 16.64% | 16.56% | 16.23% | 16.01% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
6. APAC Piezoelectric MEMS Market Analysis by Application
Asia-Pacific (APAC) region has shown a significant increase in revenue from Piezoelectric MEMS across various applications from 2018 to 2023. The Consumer Electronics segment has been the most lucrative, starting at $42.57 million in 2018 and experiencing a substantial rise to $95.84 million by 2023. This growth is indicative of the high demand for MEMS technology in smartphones, wearable devices, and other consumer gadgets that are popular in the APAC market.
Industrial sector has also seen a notable uptick, with revenue growing from $24.86 million in 2018 to $50.15 million in 2023. This increase reflects the region’s rapid industrial automation and the adoption of smart manufacturing technologies.
Healthcare has consistently been a growing application for Piezoelectric MEMS, with revenue increasing from $6.78 million in 2018 to $14.98 million in 2023. The growth can be attributed to the region’s advancements in medical devices and systems that utilize MEMS for improved accuracy and reliability.
Lastly, the Other Applications category has also shown a gradual increase, from $14.42 million in 2018 to $28.77 million in 2023, suggesting that MEMS technology is finding its way into a diverse range of applications beyond the traditional sectors.
In summary, the Piezoelectric MEMS market in the APAC region has exhibited a strong upward trend across all application areas, with Consumer Electronics leading the charge. This growth pattern signifies the expanding role of MEMS technology in the region’s technological advancements and industrial growth.
Table APAC Piezoelectric MEMS Revenue (M USD) by Applications (2018-2023)
APAC | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Consumer Electronics | 42.57 | 48.44 | 53.01 | 64.94 | 81.13 | 95.84 |
Industrial | 24.86 | 27.68 | 29.66 | 35.51 | 43.36 | 50.15 |
Healthcare | 6.78 | 7.67 | 8.37 | 10.23 | 12.70 | 14.98 |
Other | 14.42 | 15.88 | 16.98 | 20.57 | 24.92 | 28.77 |
Total | 88.63 | 99.66 | 108.03 | 131.26 | 162.10 | 189.74 |
