Following a difficult 2023 marked by excessive inventories, 2024 marked a year of stabilization and recovery, with total MEMS revenue climbing to $15.4 billion, up 5% year-over-year, and 31 billion units shipped. So states Yole Group.
According to its 2025 MEMS market report, Bosch remains the leader in MEMS, with revenues of $2bn in 2024, with a year-on-year increase of 12%. Bosch benefited from the end of the inventory crisis and the robust performance of its smart sensor portfolio, which integrates intelligence to deliver value beyond basic sensing. Its strong positioning in high-end systems that were less affected during downturns has also shielded it from deeper volatility, says Yole.
The second and third places in the ranking are held by RF MEMS makers: Broadcom and Qorvo. However, Broadcom’s revenue stagnated during the year as major OEMs shifted away from its FBAR RF technology. With Samsung now favouring high-performance SAW, only Apple continues using FBAR in its flagship phones. While new technologies like XBAW/XBAR may offer future upside, Broadcom’s RF MEMS outlook is dimming in the short term. In contrast, Qorvo still benefits from its strong position in providing BAW-SMR filters for leading OEMs, such as Samsung, Oppo, Apple, and Xiaomi.
TDK is in the fourth place of the ranking, holding its ground in 2024, thanks to its presence in motion sensors in consumer electronics, particularly smartphones and wearables.
Although sixth on the list, STMicroelectronics has had a steady year, recovering from the inventory downturn and maintaining its position in inertial sensors for smartphones. Looking ahead, STMicroelectronics is increasingly engaging in manufacturing partnerships. The company supports players like NXP, USound, and Chirp through lab-in-fab models. This strategy positions STMicroelectronics to benefit from AR/VR and wearable tech in the coming decade.
