Dublin, April 06, 2023 (GLOBE NEWSWIRE) -- The "Micro-Electromechanical Systems (MEMS): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Micro-Electromechanical Systems (MEMS) estimated at US$12.8 Billion in the year 2022, is projected to reach a revised size of US$22.6 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030.
Consumer Electronics, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$13.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Automotive segment is readjusted to a revised 6.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 8.6% CAGR
The Micro-Electromechanical Systems (MEMS) market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6 Billion by the year 2030.
Select Competitors (Total 113 Featured) -
- Analog Devices, Inc.
- First Sensor AG
- GoerTek Inc.
- HP Development Company, L.P.
- Infineon Technologies AG
- Knowles Electronics, LLC
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors N.V.
- Omron Corporation
- Panasonic Corporation
- Robert Bosch GmbH
- ROHM Co., Ltd.
- STMicroelectronics N.V.
- TDK Corporation
- Texas Instruments Incorporated
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 409 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $12.8 Billion |
| Forecasted Market Value (USD) by 2030 | $22.6 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Micro-Electromechanical Systems (MEMS) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of COVID-19 Pandemic and Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Industrial Activity Remains Subdued, Inducing Weakness into MEMS Market
- Global PMI Index Points for the Years 2018, 2019 & 2020
- COVID-19 Impact on the MEMS Market
- Pandemic Highlights Importance of MEMS Biosensors
- Use of MEMS in Coronavirus Testing
- An Introduction to Micro-Electromechanical Systems (MEMS) Devices
- Types of MEMS Devices
- MEMS Manufacturing
- Advantages & Drawbacks of MEMS Devices
- Global Market Prospects & Outlook
- Consumer Electronics Leads the Global MEMS Devices Market
- Asia-Pacific Spearheads Long-term Market Growth
- Competition
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Need for Device Miniaturization in Varied Electronics Devices Fuels Market Growth
- Increasing Spending on Industrial Automation Initiatives to Boost Market Prospects
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- Expanding Role of Electronics in Automotive Vehicles Accelerate Growth Momentum
- Automotive Electronics as a Percentage (%) of Vehicle Production Cost for the Years 2010, 2020 & 2030
- Average Value of In-Vehicle Electronics Per Vehicle (In US$) for the Years 2018, 2025 & 2030
- World Automobile Production in Million Units: 2008-2022
- Sustained Growth of Automotive Sensors: Opportunity for MEMS Market
- As Autonomous Vehicles Come to the Fore, MEMS Market Poised to Benefit
- Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
- Autonomous Vehicles Commercialization & Technology Penetration Timeline
- Rising Use of MEMS Devices in Consumer Electronics
- Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028
- Rising Smartphone Adoption Drives Gains in the MEMS Market
- Global Market for Smartphones in Billions: 2016-2021
- Smartphone Penetration Rate as Share of Total Population: 2016-2021
- Increase in Consumer Spending on Smart Home Technologies Presents Growth Potential for MEMS Devices
- Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
- Global Smart Home Market Breakdown by Technology (in %) for 2018 and 2022
- Wearable Devices to Extend High-Growth Opportunities for MEMS Devices Market
- Global Wearable Electronics Market Breakdown of Unit Sales (in %) by Region (2018 & 2022)
- Global Wearables Shipments Breakdown (in %) by Product for 2020 & 2024
- Opportunities for MEMS Technology Emerge in Healthcare & Biomedical Sector
- Rising Prominence of Ultraminiature MEMS Sensors in Medical Industry
- MEMS Enables Medical Innovations
- Future Developments to Transform the MEMS Marketplace
- Emerging MEMS Technologies and Applications to Transform the Future Outlook
- Optical MEMS Technology Gains Momentum
- High Growth Potential for MEMS Combo Sensors
- Bio-MEMS: A High Potential Market
- Role of BioMEMS Amidst the COVID-19 Pandemic
- MEMS Biosensors and COVID-19 Pandemic
- Advances in MEMS Technology to Propel Maritime Sector
- Harnessing the Power of MEMS and Nanotechnology
- Addressing the Production Issues in MEMS Industry
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/miytxi
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