According to a new report published by The Insight Partners on “MEMS Packaging Market Size and Forecast (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Sensor Type (Inertial Sensor, Optical Sensor, Environmental Sensor, Ultrasonic Sensor, RF MEMS, Others); End User (Automotive, Mobile Phones, Consumer Electronics, Medical Systems, Industrial, Other), and Geography (North America, Europe, Asia Pacific, and South and Central America)” the market in terms of revenue was estimated to be worth $40.46 billion in 2022 and is poised to reach $96.65 billion by 2030, growing at a CAGR of 11.6% from 2022 to 2030.

The growth of the MEMS packaging market is driven by growing adoption of smartphones and connected devices. However, rise in global MEMS packaging technological advancements is emerging as a future trend in the industry.