Growth Ahead for MEMS Foundry Market
New York, N.Y. – The global MEMS foundry outsourcing market is expected to increase from $685.9 million in 2014, and reach$860.4 million in 2020, growing with a CAGR of 3.7% during 2015-2020.
The global market of MEMS foundry outsourcing is mainly driven by the growth of the fabless business model segment in the MEMS industry. The fabless MEMS players, such as Knowles Electronics, InvenSense Inc., along with Goertek Inc., have witnessed significant growth in their revenue during 2011-2014. The continuously dropping average selling price, emerging new application of MEMS, along with looming adoption of 300mm technologies for MEMS are expected to be the growth drivers for the global MEMS foundry outsourcing market during the forecast period.