Market Share of MEMS Industry
The market is relatively consolidated, and vendors increasingly spend on R&D to gain technological capabilities and a competitive edge over other enterprises. The vendors in the market are competing on technology and quality but not on price. Broadcom Inc., Robert Bosch GmBH, STMicroelectronics NV, Texas Instruments Inc., and Qorvo Inc. are major players in the market.
In March 2023, STMicroelectronics launched its first AI-enhanced smart accelerometers, a pair of MEMS-based sensors packing finite state machine (FMC) and machine learning core (MLC) hardware for on-device tinyML workloads. Based on STMicro's third-generation MEMS sensor platform, the new LIS2DUX12 and LIS2DUXS12 accelerometers aim to offload machine learning and artificial intelligence tasks from a host processor directly on-sensor.
In October 2022, Robert Bosch GMBH launched its new product, BMI323, a six-axis accelerometer and gyroscope suitable for motion-triggered applications in consumer goods. The BMI323 would be the first IMU device by Bosch Sensortec to include the I3C interface in addition to the I2C and SPI interfaces.
Micro-Electro-Mechanical System Market Leaders
Broadcom Inc.
Robert Bosch GmBH
STMicroelectronics NV
Texas Instruments Inc.
Qorvo Inc.
*Disclaimer: Major Players sorted in no particular order
