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TAP TIMES -35- SEPTEMBER 2022
World Trade Goods Barometer
suggests growth is slowing
GENEVA, Switzerland — The lat-
est World Trade Organization Goods
Trade Barometer (August 23) was
steady, but below the recent trend-
line for merchandise trade, suggesting
that global goods trade continued to
grow in the second quarter of 2022.
Likely to remain weak in 2H
The pace of growth is slower than in Q1
and is likely to remain weak in the second
half of the year, WTO says.
The Goods Trade Barometer is a composite
leading indicator for world trade, provid-
ing real-time information on the trajectory
of merchandise trade relative to recent
trends.
The latest reading of 100.0 coincides ex-
actly with the baseline value of the index,
indicating on-trend trade expansion.
“Unprecedented” growth for MEMS with CAGR of 9% from 2021-27
LYON, France — MEMS are going
through an unprecedented growth
period, reaching $13.5B in 2021 (up
from $11.5B in 2020), effectively
growing by +17% Y/Y 20-21 after a
+10% Y/Y19-20 growth.
Market will cross the $22 billion mark
The market is expected to cross the $22B
mark five years from now, growing annu-
ally at a ~9% CAGR from 2021-27.
MEMS sensors and actuators are part of
everyday life and found in a variety of
systems, from smartphones to cars to
fighter jets.
The main growth is coming from tradi-
tional MEMS devices (microphones, RF,
Buoyed by COVID lockdown liftings
However, the overall barometer remains
below a companion index representing ac-
tual merchandise trade volumes.
These suggest that year-on-year trade
growth may slow further but remain posi-
tive when official Q2 statistics become
available, with trade simultaneously
weighed down by the conflict in Ukraine
and buoyed by the lifting of COVID-19
lockdowns in China. wto.org
inertial, optical) found across many ap-
plications such as wearables & hearables
(especially sensor-packed TWS), 5G
smartphones, ADAS, industrial monitor-
ing, and others, the Yole Group reports.
Emerging devices
Nevertheless, there is great promise for
future growth from emerging devices
(small market now) such as gas sensors
for air-quality monitoring and ultrasonic
MEMS for haptics and medical imaging,
with the big hype being around MEMS
timing/oscillators and microspeakers.
Both have the potential to replace de-
cades-old technologies, and they are on
the right track to do so.
yolegroup.com