Market Overview:
The global MEMS actuator market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturized and energy-efficient devices across different applications. Additionally, the growing trend of automation and electrification is also fueling the demand for MEMS actuators globally. The global MEMS actuator market by type is segmented into electrostatic actuators, thermal actuators, piezoelectric actuators, magnetic actuators, and others. The electrostatic actuation segment dominates the global MEMS actuator market by type due to its high efficiency and low power consumption as compared to other types of MEMS actuation technologies.
Product Definition:
A MEMS actuator is a micro-electromechanical system that converts electrical energy into mechanical energy. MEMS actuators are used in a wide range of applications, including aerospace, automotive and medical devices. They are important because they offer high performance and reliability in a small package.
Electrostatic Actuator:
Electrostatic actuators are used in various applications such as consumer goods, medical devices, and automotive. The electrostatic actuator market is expected to grow at a significant rate owing to the increasing demand for MEMS (Micro Electro Mechanical System) sensors in this sector. These actuators are also known as piezoelectric or electromagnetic actuation systems which include various sub-types of electric motors that use the piezoelectric effect for activation.
Thermal Actuator:
They are also used in non-MEMS applications such as solar thermal energy conversion and fluid flow control. The market for thermal actuators is expected to witness significant growth over the forecast period owing to its increasing demand across various application areas including medical, aerospace & defense, automotive, industrial process automation and HVAC among others.
Application Insights:
The machine and equipment application segment accounted for the largest share of over 50.0% in 2017. MEMS actuators are widely used in industrial machinery, heavy equipment, construction equipment, agricultural machinery and other machines as they provide improved performance at a lower cost than hydraulic or pneumatic systems. The rising adoption of smart devices across the globe is expected to drive demand for microactuators over the next seven years owing to their ability to be smaller, consume less power and offer enhanced precision compared with traditional mechanical systems.
MEMS actuation technology has enabled smartphones with unprecedented levels of interactivity and functionality that go beyond human senses; this is likely to boost product demand during the forecast period.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of MEMS manufacturers and solution providers. The region is expected to maintain its dominance over the forecast period due to factors such as increasing R&D activities, technological advancements, and high adoption rate of new technologies. Europe accounted for significant share in 2017 owing to growing demand from several end-use industries including automotive, consumer electronics, industrial machinery etc.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising product demand from various application areas including machine tools & equipment manufacturing; automotive; sensors & actuators used in aerospace & defense applications; medical devices among others.
Growth Factors:
- Increasing demand for miniaturization in consumer electronics and automotive applications
- Rising demand for MEMS actuators in medical devices and implantable applications
- Growing popularity of MEMS actuators in aerospace and defense applications
- Proliferation of Internet of Things (IoT) and connected devices requiring advanced motion control capabilities
- Emergence of new MEMS actuator technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
MEMS Actuator Market Research Report
By Type
Electrostatic Actuator, Thermal Actuator, Piezoelectric Actuator, Magnetic Actuator, Others
By Application
Machine and Equipment, Automobile, Consumer Electronic Products, Others
By Companies
ROHM, MEMS Drive, Analog Devices, TDK InvenSense, Robert Bosch, Panasonic, NXP, STMicroelectronics, Menlo Micro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global MEMS Actuator Market Report Segments:
The global MEMS Actuator market is segmented on the basis of:
Types
Electrostatic Actuator, Thermal Actuator, Piezoelectric Actuator, Magnetic Actuator, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machine and Equipment, Automobile, Consumer Electronic Products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ROHM
- MEMS Drive
- Analog Devices
- TDK InvenSense
- Robert Bosch
- Panasonic
- NXP
- STMicroelectronics
- Menlo Micro
Highlights of The MEMS Actuator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrostatic Actuator
- Thermal Actuator
- Piezoelectric Actuator
- Magnetic Actuator
- Others
- By Application:
- Machine and Equipment
- Automobile
- Consumer Electronic Products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the MEMS Actuator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A MEMS actuator is a type of electronic control device that uses the principles of microelectromechanical systems (MEMS) to generate motion. MEMS actuators are often used in devices such as smartphones, tablets, and other portable electronics.
Some of the major players in the mems actuator market are ROHM, MEMS Drive, Analog Devices, TDK InvenSense, Robert Bosch, Panasonic, NXP, STMicroelectronics, Menlo Micro.
The mems actuator market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 MEMS Actuator Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 MEMS Actuator Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 MEMS Actuator Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the MEMS Actuator Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global MEMS Actuator Market Size & Forecast, 2020-2028 4.5.1 MEMS Actuator Market Size and Y-o-Y Growth 4.5.2 MEMS Actuator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electrostatic Actuator
5.2.2 Thermal Actuator
5.2.3 Piezoelectric Actuator
5.2.4 Magnetic Actuator
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Machine and Equipment
6.2.2 Automobile
6.2.3 Consumer Electronic Products
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global MEMS Actuator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 MEMS Actuator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electrostatic Actuator
9.6.2 Thermal Actuator
9.6.3 Piezoelectric Actuator
9.6.4 Magnetic Actuator
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Machine and Equipment
9.10.2 Automobile
9.10.3 Consumer Electronic Products
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electrostatic Actuator
10.6.2 Thermal Actuator
10.6.3 Piezoelectric Actuator
10.6.4 Magnetic Actuator
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Machine and Equipment
10.10.2 Automobile
10.10.3 Consumer Electronic Products
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electrostatic Actuator
11.6.2 Thermal Actuator
11.6.3 Piezoelectric Actuator
11.6.4 Magnetic Actuator
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Machine and Equipment
11.10.2 Automobile
11.10.3 Consumer Electronic Products
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electrostatic Actuator
12.6.2 Thermal Actuator
12.6.3 Piezoelectric Actuator
12.6.4 Magnetic Actuator
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Machine and Equipment
12.10.2 Automobile
12.10.3 Consumer Electronic Products
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electrostatic Actuator
13.6.2 Thermal Actuator
13.6.3 Piezoelectric Actuator
13.6.4 Magnetic Actuator
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Machine and Equipment
13.10.2 Automobile
13.10.3 Consumer Electronic Products
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 MEMS Actuator Market: Competitive Dashboard
14.2 Global MEMS Actuator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ROHM
14.3.2 MEMS Drive
14.3.3 Analog Devices
14.3.4 TDK InvenSense
14.3.5 Robert Bosch
14.3.6 Panasonic
14.3.7 NXP
14.3.8 STMicroelectronics
14.3.9 Menlo Micro