Piezoelectric MEMS Foundry Service Market Size, Share, Growth, And Industry Analysis, By Type (MEMS Sensor Foundry, MEMS Actuator Foundry), By Application (Consumer Electronics, Industrial Electronics, Medical), Regional Insights, and Forecast from 2023 to 2030

Updated On: 20 November 2023

Piezoelectric MEMS Foundry Service Market Report Overview

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The Piezoelectric MEMS Foundry Service Market size is expected to grow USD 102 million in 2022 to USD 316.2 Million by 2028 at a Compound Annual Growth (CAGR) of 20.8% from 2022 to 2028.

Piezoelectric MEMS foundry service refers to the provision of fabrication services for the manufacturing of piezoelectric microelectromechanical systems (MEMS) by a foundry or a third-party service provider. These services typically involve the production of piezoelectric MEMS devices based on customer specifications, which may include the design, fabrication, packaging, and testing of the devices. Piezoelectric MEMS foundry services are utilized in various applications, including medical devices, consumer electronics, automotive, aerospace, and defense, where the piezoelectric effect is used to convert mechanical energy into electrical energy or vice versa. The market for piezoelectric MEMS foundry services is expected to grow due to the increasing demand for these systems in various industries and the development of new materials and fabrication technologies.

Piezoelectric MEMS (microelectromechanical systems) devices are made using microfabrication techniques, allowing for the production of small, precise structures with high accuracy and repeatability. Compared to traditional counterparts, such as piezoelectric crystals or bulk ceramics, piezoelectric MEMS devices can be miniaturized to a much greater extent, enabling them to be integrated into much smaller and more compact systems. This miniaturization is achieved by using lithographic techniques to pattern and etch thin films of piezoelectric materials, such as lead zirconate titanate (PZT), onto a substrate. These thin films can be as thin as a few microns or even less, enabling the production of very small devices. Miniaturization of piezoelectric MEMS devices has several benefits. It allows for the creation of smaller and more compact systems, which can be particularly useful in applications where space is limited, such as in implantable medical devices or wearable sensors. Miniaturization can also lead to lower power consumption, as smaller devices require less power to operate. This is particularly important in battery-powered applications, where power consumption is a critical factor. Third, miniaturization can enable the production of more sensitive and precise sensors, due to the smaller dimensions and higher resolution of piezoelectric MEMS devices. It can lead to cost savings, as smaller devices require less material and can be produced more efficiently.

COVID-19 Impact: Pandemic disrupted the supply chain and reduced demand in the market

With the outbreak of the pandemic, many countries imposed strict lockdown measures, leading to the disruption of supply chains and the closure of manufacturing facilities. The pandemic has had an impact on the demand for piezoelectric MEMS foundry services across a range of sectors, including consumer electronics, automotive, healthcare, and aerospace. The demand for consumer electronics has witnessed a surge due to remote working and online learning, leading to a rise in demand for piezoelectric MEMS devices used in smartphones, laptops, and tablets. The automotive and aerospace industries have experienced a decline in demand due to travel restrictions and the overall economic slowdown. The supply chain disruptions and the closure of manufacturing facilities have led to a shortage of raw materials and a delay in product launches. The amount spent on research and development has decreased as a result of the economy being unstable, which has slowed the development of new products. The requirement for tracking and diagnosing COVID-19 patients has significantly increased demand for healthcare applications. Piezoelectric MEMS devices have found their use in medical devices such as sensors and ultrasound equipment, which has led to the growth of the market in the healthcare sector. The impact of COVID-19 on the piezoelectric MEMS foundry service industry has been mixed, with some sectors experiencing growth, while others have witnessed a decline in demand.

Latest Trends

"Need for precise haptic feedback and touch sensing in consumer electronics driving the popularity "

Piezoelectric MEMS (microelectromechanical systems) technology is increasingly being used in consumer electronics, such as smartphones, wearables, and IoT (Internet of Things) devices, for haptic feedback and touch-sensing applications. Haptic feedback refers to the use of tactile feedback, such as vibrations or pulses, to provide users with sensory cues, such as confirmation of an action or a notification. Touch sensing, on the other hand, refers to the ability of a device to detect touch or pressure on its surface, enabling a range of user interactions. Due to its great sensitivity and precision, low power consumption, and small size, it is ideal for these applications. It can be utilized to generate vibrations or pulses for haptic feedback that are more accurate and reliable than those produced by conventional vibration motors. This enables more realistic and nuanced feedback, such as different types of vibrations for different types of notifications or interactions. These devices consume less power than vibration motors, which can help to prolong battery life. For touch sensing, piezoelectric MEMS devices can be used to detect changes in pressure or deformation on a device's surface, allowing for a range of user interactions, such as tapping, swiping, or squeezing. The touch sensors are highly sensitive and can detect even very small changes in pressure, making them ideal for applications where precision and accuracy are important. Piezoelectric MEMS technology is becoming increasingly popular in consumer electronics due to the demand for more accurate and effective haptic feedback and touch sensing capabilities as well as the trend towards smaller and more compact products. In the future, we can anticipate seeing even greater usage of piezoelectric MEMS in consumer electronics due to ongoing developments in piezoelectric materials and fabrication techniques.

Piezoelectric MEMS Foundry Service Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into MEMS sensor foundry, and MEMS actuator foundry.

• By Application Analysis

Based on application, the market can be divided into consumer electronics, industrial electronics, and medical.

Driving Factors

"Growing demand for sensors and actuators for monitoring and control purposes across many sectors is a result of the trend toward automation and smart systems"

The demand for sensors and actuators is increasing in various industries as a result of the growing trend toward automation and the development of smart systems. Sensors and actuators are essential components in these systems, providing feedback and control that enable machines and devices to operate autonomously or in response to changing conditions. In industrial applications, sensors and actuators are used in areas such as robotics, process control, and quality assurance. They provide real-time monitoring and management of devices and processes, which helps to increase productivity, decrease waste, and increase safety. For example, sensors can be used to detect changes in temperature, pressure, or vibration, while actuators can be used to adjust valves, motors, or other mechanical components. In consumer applications, sensors and actuators are used in products such as smartphones, wearables, and home automation systems. They provide features such as touch sensing, gesture recognition, and voice control, enabling users to interact with devices in new and intuitive ways. For example, sensors can be used to detect the orientation of a smartphone, while actuators can be used to provide haptic feedback or adjust the brightness of a display. The desire for more automation, efficiency, and safety is what's driving the increase in demand for sensors and actuators across a variety of industries. As new technologies such as the Internet of Things (IoT) and Industry 4.0 continue to emerge, the demand for sensors and actuators is expected to grow even further. With ongoing innovation in sensor and actuator technologies, we can expect to see new and exciting applications of these components in the years to come.

"Low power consumption due to microfabrication leads to increased use in battery-powered applications like wearables and IoT devices"

Piezoelectric MEMS (microelectromechanical systems) devices have low power consumption compared to traditional counterparts, such as piezoelectric crystals or bulk ceramics. This is because piezoelectric MEMS devices are made using microfabrication techniques, allowing for the production of small, precise structures that consume less power. These devices have low power dissipation, meaning that the electrical energy input is converted almost entirely into mechanical energy, with very little energy loss. The low power consumption of piezoelectric MEMS devices makes them ideal for battery-powered applications, such as medical devices, wearables, and IoT devices. These applications often require low power consumption to prolong battery life and reduce the need for frequent charging. Piezoelectric MEMS technology can also be used to harvest energy from sources such as vibration or motion, enabling self-powered or energy-harvesting devices. These devices have other advantages, such as high sensitivity and precision, small size, and low cost. These advantages have led to their increasing use in a wide range of applications, from automotive and aerospace to consumer electronics and healthcare. The low power consumption of piezoelectric MEMS foundry service devices is a key advantage that makes them well-suited for battery-powered applications, and this is driving their increasing popularity in a wide range of industries. With ongoing advancements in piezoelectric materials and fabrication technologies, we can expect to see greater piezoelectric MEMS foundry service market growth.

Restraining Factors

"High initial investment costs may deter new market entrants because of the complex design and production requirements"

Piezoelectric MEMS devices require a significant amount of investment in research and development due to the complex design and fabrication process involved in creating these devices. This process involves microfabrication techniques, which require specialized equipment and expertise and may involve multiple steps to create the final product. Additionally, the materials used in the manufacturing process, such as piezoelectric ceramics and thin films, can be expensive. All these factors contribute to the high initial investment cost in the development of Piezoelectric MEMS devices, which can make it difficult for new players to enter the market and compete with established players. However, the benefits of Piezoelectric MEMS devices, such as their small size and low power consumption, can make them attractive for certain applications, leading to continued investment and development in this field.

Piezoelectric MEMS Foundry Service Market Regional Insights

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"Asia Pacific is the leading region in the market due to the growing consumer electronics and automotive sectors"

The market has witnessed significant growth in recent years, and Asia-Pacific is currently the leading region in terms of Piezoelectric MEMS Foundry Service market share. This dominance can be attributed to several factors, such as the presence of a large number of key players in the region and the increasing demand for piezoelectric MEMS devices in various applications. The increasing demand for piezoelectric MEMS devices in consumer electronics, healthcare, and automotive applications has also contributed to the growth of the market in the region. Consumer electronics, such as smartphones and wearables, require piezoelectric MEMS devices for haptic feedback and touch sensing, while the healthcare industry uses these devices for medical imaging and diagnostics. The automotive industry is also adopting piezoelectric MEMS devices for applications such as pressure sensing and energy harvesting. The region is witnessing significant investments in research and development of piezoelectric MEMS technology, which is expected to further drive the growth of the market. In conclusion, the Asia-Pacific region is expected to continue its dominance in the piezoelectric MEMS foundry service industry in the coming years, owing to favorable government policies, advanced fabrication facilities, and increasing demand for these devices in various industries.

Key Industry Players

"Key players are taking strategic initiatives like partnerships, collaborations, acquisitions, and product innovations to stay competitive"

The market has numerous players, each with their initiatives. Some companies focus on expanding their product portfolio, while others aim to strengthen their market position through partnerships and collaborations. Other initiatives include R&D investments to develop innovative products, expand their customer base, and enhance their production capacity. Some companies also aim to increase their geographical presence by expanding their operations globally. Overall, the market is highly competitive, and the key players are taking various steps to maintain or enhance their market position.

List of Market Players Profiled

• Bosch (Europe)
• STMicroelectronics (Europe)
• ROHM - (Asia Pacific)
• Silex Microsystems (Europe)

Report Coverage

With a thorough presentation of the global market and both quantitative and qualitative analysis, this report aims to assist readers in formulating business/growth strategies, evaluating the competitive landscape, determining their position in the market, and making defensible business decisions. By using 2021 as the base year and using historical and projected data, the market size, estimates, and projections are given in terms of revenue. The global industry is segmented in-depth in this report. The sizes of the regional markets for various product categories, applications, and players are also supplied. When calculating market sizes, COVID-19's impact was taken into account.