“After a challenging correction cycle, MEMS companies have emerged more resilient and strategically aligned,” says Yole’s Clyde Midelet, “MEMS leaders are leveraging diversified portfolios, smart sensing technologies, and targeted market focus to secure their positions.”

Bosch, the market leader, hit $2 billion in MEMS revenue, growing 12% YoY, benefiting from the end of the inventory crisis and the robust performance of its smart sensor portfolio, which integrates intelligence to deliver value beyond basic sensing. Its strong positioning in high-end systems that were less affected during downturns has also shielded it from deeper.

The 2nd and 3rd places in the ranking are held by RF MEMS leaders: Broadcom and Qorvo. However, Broadcom’s revenue stagnated during the year as major OEMs shifted away from its FBAR RF technology.

With Samsung now favouring high-performance SAW, only Apple continues using FBAR in its flagship phones.

While new technologies like XBAW/XBAR may offer future upside, Broadcom’s RF MEMS outlook is dimming in the short term.

In contrast, Qorvo still benefits from its strong position in providing BAW-SMR filters for leading OEMs, such as Samsung, Oppo, Apple, and Xiaomi.

TDK, following in 4th position after Bosch, Broadcom and Qorvo, held its ground in 2024. This result is based on its presence in motion sensors in consumer electronics, particularly smartphones and wearables. Without doubt, though not exhibiting dramatic growth, TDK remains a stable force in the MEMS landscape.

In 6th position, ST had a steady year, recovering from the inventory downturn and maintaining its position in inertial sensors for smartphones. ST is increasingly engaging in manufacturing partnerships. The company supports players like NXP, USound, and Chirp through lab-in-fab models. This strategy positions STMicroelectronics to benefit from AR/VR and wearable tech in the coming decade.

The Chinese MEMS sector is expanding rapidly, spurred by state-driven funding and a desire for semiconductor self-sufficiency amid global tensions. However, this growth has also triggered oversupply, fierce price competition, and questions over sustainability.

“The MEMS industry is on the rise,” says Yole’s Pierre-Marie Visse, “success depends on innovation, market opportunities and the strength of the surrounding ecosystem and recovery, with total MEMS revenue climbing to $15.4 billion and 31 billion units shipped.”

By: DocMemory
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