24 Jun 2021 -
 General

IC Insights: Global MEMS sales will reach a record high in 2021

According to IC Insights’ latest report, sales of semiconductor sensors and actuators made with microelectromechanical systems (MEMS) technology are expected to grow about 16% in 2021 to a record-high $15.9 billion after an 11% increase in 2020 during the economic havoc caused by the Covid-19 virus pandemic and the automotive industry’s worst year in decades.

Recovery growth in MEMS-based sensor/actuator products surged in the second half of 2020 when manufacturers quickly began to refill inventories after seeing signs of stabilization and recovery in key end-use markets.

The IC Insights report stated that between 2020 and 2025, sales of MEMS-based sensors and actuators are expected to increase by a compound annual growth rate (CAGR) of 11.8% to $24.1 billion with shipments rising by a CAGR of 13.4% to 32.1 billion units (Figure 1), based on the O-S-D Report’s five-year forecast.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics here

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