Broadcom, enlarged by its reverse into Avago Technologies in 2016, has risen up the ranking on the strength of MEMS for RF and filtering applications, something that is set to influence the MEMS market for several years to come, Yole states in its annual Status of the MEMS industry report.
The climb of Broadcom to the top position was not unexpected. The company had already risen to number two position in 2016 from Avago's position ranked fourth in 2015 (see Bosch, ST lose market share in 2016 MEMS vendor ranking and Bosch leads, ST stalls, InvenSense climbs in 2015 MEMS top 30 ranking), according to Yole.
The top 7 ranking runs Broadcom, Robert Bosch, STMicroelectronics, Texas Instruments, Qorvo, Hewlett Packard and Knowles Electronics. This year Yole has not followed its past practice of making freely available its top 30 ranking.
In 2017 the top 30 MEMS vendors had cumulative revenues of US$9,881 million out of a total of about $11.5 billion. In 2018 the MEMS and sensors market is set to reach $13.5 billion and over the following five years to 2023 will enjoy a compound annual growth rate (CAGR) of 17.5 percent to reach an annual market size of about $31 billion that year.
RF MEMS and other MEMS markets from 2017 to 2023 in US$billions. Source: Yole Developpement.
Much of that growth will come from the addition of RF MEMS sales for 5G and other applications, according to Yole. In 2023 the RF MEMS market alone will be worth about $15 billion, the market research firm estimates.
RF Excluding RF, the MEMS market will grow at 9 percent per year over the 2018 to 2023 period. With RF MEMS devices, the CAGR is 17.5 percent over same period. The surge in RF MEMS is driven by the move to 5G and the higher number of radio frequency bands it brings and increasing need for RF switches and filters.
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