The MEMS (Micro-Electro-Mechanical Systems) market is experiencing a phase of consolidation, driven by recent acquisitions and divestitures across the sector. In 2024, the global MEMS market reached an estimated revenue of $15.4 billion, reflecting a 5% increase compared to the previous year. The industry is projected to grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2030.
As the market matures, companies are focusing on scaling operations, specializing in core technologies, and refining their strategic priorities. This restructuring aims to enhance competitiveness and address evolving customer demands within the MEMS ecosystem.
**Why this matters**
The consolidation trend signals a shift toward greater efficiency and innovation in the MEMS industry. By streamlining portfolios and concentrating on key strengths, companies are better positioned to capitalize on emerging applications and market opportunities. This evolution is expected to support sustained growth and technological advancement in the sector over the coming years.
Source: NewsData