Global MEMS & Sensors IC Market Applications and Competition: Bosch Holds a Share of 11.57% in 2024

Global MEMS & Sensors IC Market Overview

According to Global Market Monitor, the global MEMS & Sensors IC market size is $20.03 billion in 2024 with a CAGR of 7.27% from 2024 to 2029.

MEMS & Sensors IC is a technology that integrates mechanical structures and electronic systems on one chip at the same time, and its feature size is generally in the order of micrometers or even nanometers. MEMS & Sensors IC products are mainly various components manufactured based on MEMS technology. Such as accelerometer, gyroscope, magnetic, and so on.

Application in the Automotive Industry

Automotive electronics was one of the earliest application areas for MEMS products and drove the first wave of MEMS sensor applications from the late 1980s to the 1990s, and is currently the second largest application area for MEMS products. At present, the world automobile industry is undergoing a technological revolution. The rapid development of electric drive-related technologies, artificial intelligence technology, and Internet technology has provided strong technical support for the transformation and upgrading of the automobile industry. Electrification, intelligence, and networking are important directions for the transformation and upgrading of the automotive industry. In the process of transformation and upgrading, benefiting from the safety regulations of the automotive industry and the wave of informatization and intelligence, MEMS sensors have developed rapidly in the field of automotive electronics. At present, each car contains 10-30 MEMS sensors on average, and about 30 or even hundreds of MEMS sensors are used in high-end cars. Therefore, with the continuous development of the automotive industry, the market size of MEMS & Sensors IC continues to expand.

The Industry has High Technical Barriers.

The MEMS & Sensors IC industry is a typical technology-intensive industry. MEMS chips are very sensitive to environmental factors such as noise, water, dust, stress, and electromagnetic interference. Therefore, compared to IC packaging, MEMS packaging is more challenging and requires custom development. Traditional IC testing is generally related to electrical signals, which is easy to standardize, while MEMS testing involves various physical excitation sources and is easily affected by various environmental factors, so MEMS testing is also a big challenge. MEMS batch packaging and testing capabilities are the core competitiveness of MEMS companies.The MEMS & Sensors IC industry has obvious scale effects, and the industry's entry threshold is constantly increasing. Only leading companies can reduce production costs, improve product performance, improve product stability and reliability, and have the opportunity to complete the binding with downstream major customers and occupy a place in the industry.

Bosch is one of the major players operating in the MEMS & Sensors IC market, holding a share of 11.57% in 2024.

Company Name	Bosch
Website	www.bosch-sensortec.com
Established Time	1886
Plants Distribution	Mainly in Germany
Sales Region	Worldwide

For more industry information, please refer to our latest released "Sensors Market - Global Professional Analysis and Forecast to 2026".