WELLESLEY, Mass., Sept. 14, 2017 (GLOBE NEWSWIRE) --
The global nanoelectromechanical systems (NEMS) market is predicted to boom with a 37.4% CAGR through 2021. The increasing demand for precision microscopes and electronics with higher functionality and the rapidly transforming communication industry, along with a surging demand for BioNEMS, are galvanizing the market's growth, says a new BCC Research report. BCC Research estimates the global NEMS market to reach $55.4 million by 2021, up from $11.3 million in 2016.
Other factors driving the market's swift growth include demand for monitoring and detection techniques, emphasis on miniaturization of devices to serve multiple purposes and the automotive industry's changing standardizations, according to BCC Research's September report, Applications and Global Markets for Nanoelectromechanical Systems, as companies try to reduce the size from micro to nano through ongoing research and continuous advancements, this technology is expected to churn big demand.
A key application of NEMS is atomic force microscope (AFM) tips. The increased sensitivity achieved by NEMS leads to smaller and more-efficient sensors to detect stresses, vibrations, forces at the atomic level and chemical signals. AFM tips and other detection at the nanoscale rely heavily on NEMS.
In the semiconductor market, more transistors are being packaged into each device to impart higher functionality, but space constraints have created limitations. NEMS offers solutions to such problems. Thus, NEMS is expected to emerge as an enabling technology that merges life sciences with engineering, which is further expected to open new opportunities in the coming years.
Research Highlights
- Europe currently accounts for the second-largest market, but by 2021 will drop a slot due to the rapidly developing market in the Asia–Pacific region.
- Carbon nanotubes represent the ideas of NEMS, given their nearly one-dimensional structures with high-aspect ratio, perfect terminated surfaces, and excellent electrical and mechanical properties
- Several new technologies such as 2.5D and 3D packaging of ICs and usage of better substrates such as gallium nitride (GaN) and sapphire are leading the technology front.
"The NEMS market remains in a nascent stage, so competitive rivalry among the existing market players is moderate," says BCC Research analyst Rakesh Singh, who authored the report. "Manufacturers are adopting a core business strategy of forming strong partnerships with leading equipment manufacturers. Competition should continue to grow over the forecast period due to the emergence of several advanced NEMS and the growing awareness concerning NEMS benefits."
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.