Market Overview:
MEMS Mirror Market Size Was Valued at USD 26.06 Million in 2023, and is Projected to Reach USD 43.62 Million by 2032, Growing at a CAGR of 5.89% From 2024-2032.
Miniature electromagnetic mirrors that use MEMS technology are known as MEMS mirrors. Electrical current flowing in the coil enclosing the mirror generates a Lorentz force based on Fleming's left-hand rule within the magnetic field produced by the magnet, and this force drives the mirror. MEMS mirrors also have a large optical deflection angle, good mirror reflectivity, and low power consumption. Moreover, MEMS mirrors come in 1D and 2D varieties. These 1D and 2D MEMS mirrors use piezoelectric (PE), electrostatic (ES), electromagnetic (EM), and electrothermal (ET) actuation. The three working modes of these MEMS mirrors are resonance, non-resonance, and a combination of resonance and non-resonance scanning.
Top Key Players Covered In The MEMS Mirrors Market:
- Hamamatsu (Japan)
- MicroVision Inc. (US)
- Fraunhofer (Germany)
- Mirrorcle Technologies Inc. (US)
- Opus Microsystems Corp (Taiwan)
- Wiotek (China)
- OQmented GmbH (Germany)
- Preciseley (US)
- Sercalo (UK)
- Schott (Germany), and Other Major Players.
Market Dynamics and Factors:
In a wide range of applications, MEMs mirrors are being used in emerging technologies for visible projection and nonvisible IR scanning. MEMS mirrors provide a tiny footprint, low power, and more affordable alternative for scanning applications. AR/VR/XR head-mounted displays (HMD), all-day wearable smart glasses, pico-projectors for visible projection, structured light or ToF 3D depth-sensing applications such as 3D cameras, and LiDAR for consumer, industrial, and automotive use MEMS scanning technology. Every day inventive companies find the latest innovative ways to apply MEMS mirror scanning technology for producing the latest products and applications. ST's newly formed LaSAR alliance is an ecosystem of technology manufacturers, providers, and producers collaborating to stimulate the development of AR smart-glass solutions and shorten the time to market.
Due to their longer lifespan and lower price, solid-state lidars have recently seen a sharp rise in demand. MEMS mirrors are the fundamental component of these devices. Additionally, due to the simplicity of integrating solid-state lidars in autos, developments in autonomous vehicles and vehicles equipped with ADAS are predicted to accelerate the expansion of solid-state lidars. Current lidar industry trends indicate that key lidar producers are concentrating on the development of solid-state lidars rather than compact mechanical state lidars. Opportunities for participants in the supply chain of MEMS mirror producers, including raw material suppliers and lidar developers, are presented by the prospective rise of solid-state lidars.
MEMS Mirrors Market Report Highlight:
- By Type, the 2 D segment is anticipated to lead the growth of the MEMS Mirrors market in the forecasted timeframe. Some 1D electromagnetic and electrostatic MEMS mirrors seem especially suitable for most LiDAR applications. Nevertheless, to acquire 3D point clouds with 1D MEMS mirrors, either large detector arrays or motorized stages are required, which muddle the LiDAR system. Therefore, 2D MEMS mirrors are preferred for high-performance LiDAR
- By Application, the Automotive industry segment is expected to have the highest share of the MEMS Mirrors market over the projected period. Due to the increased automation in the automotive industry and launching the of connective automotive vehicles.
- The North American region is expected to have the highest share of the MEMS Mirrors market over the projected period. The presence of prominent key players, as well as an increase in technological advancement and growth in the consumer electronics industry, are the main factors driving the development of the market in this region.
Key Industry Development:
In January 2023, Israeli startup Innoviz was viewed as one of the leaders in the emerging market for automotive LiDAR sensors. The company was one of the first to design a sensor that used a MEMS-based sensor, and its first volume commercial product is due to launch with BMW later in 2022, most likely on the new seven series.
MEMS Mirrors Market Segmentation:
By Type
- 1D
- 2D
By Application
- Automobiles
- Robotics
- Industrial
For this report, Introspective Market Research has segmented the MEMS Mirrors Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of SA
