- Large companies such as Alibaba, Google, and Amazon are considering MEMS as a critical element in their smart applications
- The number of smart speakers and smart displays is expected to reach about 250 million units by 2023
- In 2018, the consumer market generated almost $6.5 billion in 2018 — more than half of the total MEMS market — and is set to grow up to $10.5 billion in 2024
- The automotive market reached $2.3 billion in 2018 and is expected to grow at a 6 per cent annual rate, up to $3.2 billion in 2024
According to a recent report by EE Times, Internet giants like Google and Alibaba are all set to magnify micro-electro-mechanical systems (MEMS) demand.
Dimitrios Damianos, a technology market analyst with Yole Développement, told EE Times that Large companies such as Alibaba, Google, and Amazon are considering MEMS as a critical element in their smart applications.
He further stated that MEMS have a make-smarter enabling capability, as they can offer high accuracy, low power, small size and, if you have many MEMS in your system, you can have sensor fusion inside and increase the functionality of your system and provide context for new applications and services in various industries such as mobility, transportation, health, and safety.
A closer look
In 2018, the consumer market generated almost $6.5 billion in 2018 — more than half of the total MEMS market — and is set to grow up to $10.5 billion in 2024, reported the news daily.
Damianos also told EE Times that the number of smart speakers and smart displays is expected to reach about 250 million units by 2023. If two to seven microphones are used per device, which is the case of Google Home Mini and Amazon Alexa, we understand that there is a real potential for the MEMS microphone.
Talking about the automotive market, he stated that it reached $2.3 billion in 2018 and is expected to grow at a 6 per cent annual rate, up to $3.2 billion in 2024.
