A piezoelectric microelectromechanical system (piezoMEMS) is a miniature or microscopic device that uses piezoelectricity to generate motion and carry out its tasks. It is a microelectromechanical system that takes advantage of an electrical potential that appears under mechanical stress. PiezoMEMS can be found in a variety of applications, such as switches, inkjet printer heads, sensors, micropumps, and energy harvesters.
Piezoelectric technology is increasing its momentum in MEMS markets. More and more gyroscopes, BAW filters, and inkjet heads are being developed using this technology, and now microphones, microspeakers, autofocus, and pMUT (for fingerprint sensors, ultrasound, and gesture recognition) are also underway. Furthermore, several MEMS foundries have already integrated a piezo process (PZT, AlN) in their fabs.
Presently, there are mainly Bosch, STMicroelectronics and ROHM in the market. The total three players accounted for about 85% revenue share in 2020. The industry has high technology barrier.
The Global market for piezoelectric MEMS is forecast to reach $ 651.55 million by 2026, growing at a CAGR of 22.72% from 2021 to 2026. The market growth is attributed to its growing applications along verticals including consumer electronics, automotive, healthcare, telecommunication, aerospace, oil& gas and others. Moreover real time monitoring data requirement by industries to make their work efficient, flexible, accurate and cost savings contributes to the market growth of piezoelectric MEMS sensor. The piezoMEMS based inertial sensors are widely used in automotive for ABS, electronic stability control and so on. Rising stringency in safety regulations and declining components cost will drive the penetration of advanced safety systems based on acoustic emission and piezoelectric transducers in economy class of vehicles. Additionally, growing implementation of Industry 4.0 is driving the demand for various types of sensors including MEMS resonators and sensors in machine condition monitoring, predictive maintenance, digital twins and other applications. The development of MEMS based inertial sensors that can withstand harsh industrial environment is thereby witnessing significant R&D to up bring the successful products. Moreover the launch of Bulk Acoustic Wave (BAW) MEMS technology based gyroscope sensor by Qualtre Inc., that are suitable for various applications such as precision robotics, platform stabilization, precision agriculture and so on is boosting the growth of the MEMS market.
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