MEMS Mirror 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.
MEMS mirrors are miniature electromagnetic mirrors that incorporate MEMS technology. Within the magnetic field generated by the magnet, electrical current, flowing in the coil surrounding the mirror creates a Lorentz force based on Fleming's left-hand rule and this force drives the mirror. Moreover, MEMS mirrors feature an extensive optical deflection angle and high mirror reflectivity as well as low power utilization. In addition, there are two types of MEMS mirrors as 1D and 2D. These 1D and 2D MEMS mirrors are based on electrostatic (ES), electromagnetic (EM), electrothermal (ET), and piezoelectric (PE) actuation. Additionally, these MEMS mirrors are classified into three working modes such as resonance, non-resonance, or a combination of resonance and non-resonance scanning. Furthermore, MEMS mirrors offer a considerable way to spatially scan light and are being utilized for a wide range of applications such as raster scanning RGB light for Display Engines or scanning infra-red light for depth cameras (3D sensing) by applying structured light or Time of Flight (TOF) techniques. In addition, the role of the MEMS is significant and it is responsible for customizing the paths of the different wavelengths in either device. It would be beneficial to enhance the execution of such MEMS and thereby the performance of the optical components and optical systems they form part of. The inventors have established developments in the design and execution of such MEMS mirrors as well as optical waveguide technologies to in-plane optical processing as well as the mid-infrared for optical spectroscopy which helps the growth of the market during the forecast period.
Market Dynamics and Factors for the Global MEMS Mirrors Market:
Drivers:
MEMS Mirrors for Light Scanning and Projection Applications
MEMs mirrors are being utilized in developing technologies for visible projection and nonvisible IR scanning in a variety of applications. MEMS mirrors for scanning applications offer a small footprint, low power, and cheaper price solution. Popular applications exploiting MEMS scanning technology are AR/VR/XR head-mounted displays (HMD), all-day wearable smart glasses, and pico-projectors for visible projection and structured light or ToF 3D depth-sensing applications such as 3D cameras and LiDAR for consumer, industrial and automotive. A beneficial example of a combination of the visible and nonvisible scanning using LBS (laser beam scanner) in a single product is the Accuvein AV500 vein visualization product which utilizes ST's MEMs for nonvisible IR scanning to determine the vein location and then projects a visible red or green laser to outline the veins map directly on the skin to help medical personnel to access or avoid veins. Furthermore, other commercially accessible products that apply ST's MEMs are intel's 1'st and 2'nd generation real-sense 3D depth camera and LiDAR a well as North's (recently received by google) all-day wearable smart glasses. 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.
MEMS Mirrors to Assist LiDAR
Recognizing that MEMS mirrors can be utilized for laser deflection, a team of researchers from the University of Florida has produced a prototype LiDAR system that not only has an extensive field of view, but consumes very low amounts of power, and can be easily organized in small applications. The LiDAR system takes advantage of MEMS mirrors to play as the scanning element of the LiDAR system, and the result is that a 9V battery can power the LiDAR device. The LiDAR prototype also consolidates a passive IR sensor (generally used for security systems), to determine the presence of individuals, and if none are detected, then the system powers down. This makes the prototype ideal for residential and commercial applications that may use smart environmental control systems such as heating, and air-conditioning systems. Keeping the design simple, the prototype employs off-the-shelf parts to process distance data from the laser, but this is one of the larger and power-consuming components of LiDAR systems. The team plans to develop their LiDAR system to not only reduce the size further but also reduce the power.
Restraints:
Lack of technical awareness among end-users and scarcity of standardization & accuracy may hamper the growth of the MEMS mirrors market.
Opportunities:
Recently, the demand for solid-state lidars (MEMS mirror is the key part of solid-state Lidar) has significantly increased owing to the longer life cycle and lower cost of solid-state lidars. Furthermore, advancements in autonomous vehicles and ADAS-equipped automobiles are expected to increase the growth of solid-state lidar at a rapid rate, owing to the easy integration of solid-state lidars in automobiles. According to the current lidar market trends, major lidar manufacturers are focusing on the development of solid-state lidars instead of developing compact mechanical state lidars. The lidar chips are developed on 300mm-wafers and tend to be smaller, lighter, and cheaper than lidar systems and is estimated to be priced at $10, if sold in millions (volume wise). This potential growth of solid-state lidars provides opportunities to players in the supply chain of MEMS mirror manufacturers, including raw material suppliers and lidar developers.
Market Segmentation
Segmentation for the Global MEMS Mirrors Market:
Based on the type, the 2D type segment dominates the global MEMS mirrors market during the forecast period. 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. In general, there are numerous actuation mechanisms as well as multiple scanning modes to choose from. Determining which combination of actuation mechanism and scanning mode to pick depends on the application.
Based on the application, MEMS mirrors finds its usage in various technical application, ranging from automotive to the medical industry. The application of MEMS mirrors in the automotive industry is expected to show the highest market growth, backed by increased automation in automotive manufacturing and the launching of connected autonomous cars.
Players Covered in MEMS Mirror market are :
- 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)
Regional Analysis for the Global MEMS Mirrors Market:
- North America is seen as the most profitable region for the MEMS mirrors market, backed by high growth in the consumer electronics industry as well as raised demand for modern automobiles and wearable devices. Regional trends and regulatory policies act a significant role in the advancement of the MEMS mirrors and semiconductor markets.
- Europe is anticipated to hold a significant share of the MEMS mirrors market, due to rising consciousness about technically advanced and eco-friendly electronic equipment. With pleasing regulatory compliances and sustained demand for renewable energy infrastructure, power electronics, and automotive, emerging countries such as India and China are emerging as the fastest-growing markets for MEMS mirrors.
Key Industry Developments in the Global MEMS Mirrors Market:
- In September 2021, with a mission to make lightweight AR/VR smart glasses a practical reality, venture-backed innovator OQmented on this day declared that the industry's first one-chip MEMS mirror-based laser beam scanning (LBS) solution. The development gives product developers the latest ultra-compact projection display option to allow glasses that are light and stylish yet entitled with advanced visualization capabilities. In a tiny package optimized for smooth integration and easy optomechanical alignment, OQmented's high-speed LBS solution allows the highest resolution, largest operating time, and lowest power utilization with industry-leading cost importance.
- In March 2021, Hamamatsu Photonics UK Ltd and Medical Technologies Innovation Facility (MTIF) declared that they have entered into a partnership agreement enabling customers the ability to view and utilize Hamamatsu's Functional Drug Screening System (FDSS) µCELL. This is the first FDSS/µCELL to be made available in the UK in this way. This new partnership focuses to leverage the photonics expertise, novel proprietary technology, and applications of Hamamatsu, with the significant medical technology research and development capabilities of MTIF.
- In August 2020, Preciseley Microtechnology Corporation a leading designer and supplier of MEMS-based micro-mirror solutions that form a critical component of high-speed optical communication network equipment declared a collaboration with ACE Equity Partners and BDC Capital to support the Company with its next stage of growth. Through this new equity investment by ACE Equity and the Growth Equity division of BDC Capital, Preciseley will be allowed to leverage ACE Equity's domain expertise in cross-border latest industrial technologies and its relationships over the telecom value chain, as well as BDC Capital's network and experience assisting scale Canadian technology businesses, to continue Preciseley's global expansion.
Global MEMS Mirror Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2016 to 2022 |
Market Size in 2023: |
USD 26.06 Mn. |
Forecast Period 2024-32 CAGR: |
5.89% |
Market Size in 2032: |
USD 43.62 Mn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: MEMS Mirrors Market by Type
5.1 MEMS Mirrors Market Overview Snapshot and Growth Engine
5.2 MEMS Mirrors Market Overview
5.3 1D
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 1D: Grographic Segmentation
5.4 2D
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 2D: Grographic Segmentation
Chapter 6: MEMS Mirrors Market by Application
6.1 MEMS Mirrors Market Overview Snapshot and Growth Engine
6.2 MEMS Mirrors Market Overview
6.3 Automobiles
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Automobiles: Grographic Segmentation
6.4 Robotics
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Robotics: Grographic Segmentation
6.5 Industrial
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Industrial: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 MEMS Mirrors Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 MEMS Mirrors Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 MEMS Mirrors Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 HAMAMATSU
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 MICROVISION INC.
7.4 FRAUNHOFER
7.5 MIRRORCLE TECHNOLOGIES INC.
7.6 OPUS MICROSYSTEMS CORP
7.7 WIOTEK
7.8 OQMENTED GMBH
7.9 PRECISELEY
7.10 SERCALO
7.11 SCHOTT
7.12 OTHER MAJOR PLAYERS
Chapter 8: Global MEMS Mirrors Market Analysis, Insights and Forecast, 2016-2028
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Type
8.2.1 1D
8.2.2 2D
8.3 Historic and Forecasted Market Size By Application
8.3.1 Automobiles
8.3.2 Robotics
8.3.3 Industrial
Chapter 9: North America MEMS Mirrors Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Type
9.4.1 1D
9.4.2 2D
9.5 Historic and Forecasted Market Size By Application
9.5.1 Automobiles
9.5.2 Robotics
9.5.3 Industrial
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe MEMS Mirrors Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 1D
10.4.2 2D
10.5 Historic and Forecasted Market Size By Application
10.5.1 Automobiles
10.5.2 Robotics
10.5.3 Industrial
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific MEMS Mirrors Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 1D
11.4.2 2D
11.5 Historic and Forecasted Market Size By Application
11.5.1 Automobiles
11.5.2 Robotics
11.5.3 Industrial
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa MEMS Mirrors Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 1D
12.4.2 2D
12.5 Historic and Forecasted Market Size By Application
12.5.1 Automobiles
12.5.2 Robotics
12.5.3 Industrial
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America MEMS Mirrors Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 1D
13.4.2 2D
13.5 Historic and Forecasted Market Size By Application
13.5.1 Automobiles
13.5.2 Robotics
13.5.3 Industrial
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global MEMS Mirror Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2016 to 2022 |
Market Size in 2023: |
USD 26.06 Mn. |
Forecast Period 2024-32 CAGR: |
5.89% |
Market Size in 2032: |
USD 43.62 Mn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the MEMS Mirror Market research report is 2024-2032.
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.
MEMS Mirror Market is segmented into Type, Application, and region. By Type, the market is categorized into 1D, 2D. By Application, the market is categorized into Automobiles, Robotics, and Industrial. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
MEMS mirrors are miniature electromagnetic mirrors that incorporate MEMS technology. Within the magnetic field generated by the magnet, electrical current, flowing in the coil surrounding the mirror creates a Lorentz force based on Fleming's left-hand rule and this force drives the mirror.
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