Global Micro Electro Mechanical Systems (MEMS) Market: Consumer Electronics and Automotive Fuelling the Market Growth
According to a new report published by Reports Monitor titled, “Global Micro Electro Mechanical Systems (MEMS) Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the MEMS market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
A Micro Electro Mechanical Systems (MEMS) is a minuscule machine which is a combination of both electrical and mechanical systems. The physical size of MEMS varies from several millimeters to one micrometer. MEMS fabrication includes the use of micro sensors for gathering the data and micro-actuators for converting energy into motion.
Increased adoption of smart phones and wearable devices by the consumers has contributed in majorly driving the market growth. Moreover increasing popularity of internet of things and robust demand in the automotive industry is also one of the significant factors in boosting the market growth. However the highly complex procedure involved in the manufacturing of this nano product and lack of standardization may result in hampering the market growth.
This report provides a detailed analysis of MEMS market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources and with bottom-up and top-down approaches.
The MEMS market is majorly segmented on the basis of sensor type, actuator type and end use. Based on the senor type, market is bifurcated into: inertial sensor, pressure sensor, microphone, optical sensor and environmental sensor. Depending upon the actuator type, market is segmented into: optical, inkjets, microfluidics and RF. On the basis of end use, market is classified into: automotive, consumer electronics, defense, aerospace, healthcare and Telecom.
Based on the geographical regions covered, market is studied across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Among the following regions covered, Asia Pacific is expected to achieve the dominant position owing to the expansion in the manufacturing and automotive sector. Presence of major electronics company specifically in China and Japan is also contributing in the market growth. North America is anticipated to achieve a stable growth owing to the immense investment in R&D sector and presence of well-established infrastructure.
The key players of global MEMS market are: STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), Texas Instruments Inc. (US), Panasonic Corp. (Japan), TE Connectivity Corp. (Switzerland), Sensata Technologies Holding N.V. (Netherlands), Denso Corp. (Japan), Broadcom Ltd. (US), Honeywell International Inc. (US), Knowles Corp. (US), and Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan).
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