New York, NY, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Microelectromechanical Systems (MEMS) Market for Automotive, Consumer Electronics, Industrial, Healthcare, aerospace & defense, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2022”. According to the report, global microelectromechanical systems market was valued at USD 10.73 Billion in 2016 and is expected to generate revenue of USD 19.20 Billion by end of 2022, growing at a CAGR of slightly above 10.18% between 2017 and 2022.
Micro-Electro-Mechanical Systems, or MEMS, is a technology used to create tiny integrated devices or systems that combine mechanical and electrical components using the techniques of microfabrication. Generally, these elements are fabricated using integrated circuit (IC) batch processing techniques and its size gets vary from well below one micron on the lower end of the dimensional spectrum, all the way to several millimeters. MEMS has been well-known as one of the most promising technologies and it perspective to develop both industrial and consumer products by combining silicon-based microelectronics with micromachining technology. MEMS devices are small in size. Their components are usually microscopic. Levers, gears, pistons, as well as motors and even steam engines, have all been fabricated by MEMS.
Browse through 29 Tables & 21 Figures spread over 110 Pages and in-depth TOC on "Global Microelectromechanical Systems Market: By Type, Application, Size, Share and Forecast 2016 – 2022”.
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The global market for microelectromechanical systems is segmented on the basis of type, application, and region. On the basis of sensor types, the MEMS market is divided into inertial, pressure, microphone, environmental, optical and others. Inertial is the largest segment of the global MEMS market in the year 2016 in terms of revenue and are anticipated to expand at a faster rate over the coming years. On the basis of end-user, the global market for MEMS is divided into consumer electronics, aerospace & defense, automotive, industrial, healthcare and others. Consumer electronics dominated the segment in the year 2016 and anticipated to remain the leading segment over the forecast period, expanding at the fastest rate compared to all other applications.
Increase in demand for consumer electronics and wearable devices are anticipated to boost the microelectromechanical systems market over the forecast period. Moreover, increased demand from the automotive and healthcare sector is likely to trigger the market for microelectromechanical systems. Nonetheless, developing new applications areas for MEMS in consumer goods and the medical, surgical or increasing adoption in healthcare segment are expected open new avenues for the market growth over the next few years.
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The Asia Pacific dominated the microelectromechanical systems market in 2016 due to the high penetration of broadband services and continuous technological adoption in the region. Asia Pacific is expected to fastest growing regional markets for MEMS due to rising demand for consumer electronics products such as smartphones, tablet, and laptops. Government organization also provides funding supports to several research projects in this field. Japan is expected to observe incredible growth over the forecast period due to increasing miniaturization and communication capabilities in automobiles sector. Increase in sales of tablets, smartphones, and other mobile devices are expected to drive demand for microelectromechanical systems in China.
North America and Europe closely follow the Asia Pacific. In addition, technological advancement in smartphones also increases the demand for MEMS. Rising safety concerns in automotive sectors, growing consumer electronics industry and development in the industry sectors are some of the factors increasing the growth of MEMS market across the globe. The healthcare facilities in North America are very well developed as compared to other regions. Therefore, booming healthcare industry also drives the market at a fast pace. The U.S. is the key region in North America and plays the key role in the development of the future microelectromechanical systems.
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Europe is expected to show moderate growth during the forecast period due to technological development and expertise compared to developing regions. The considerable economic growth of countries such the Germany, UK, and France drives the market and is likely to remain a determinant factor for the MEMS market’s growth in the next few years. Middle East & Africa is expected to show the considerable growth in the years to come. Growing demand for the healthcare industry is expected to boost the market growth in the next few years. The demand for NEMS in Latin America is enormous due to the continued globalization of microelectronics industry and localization of manufacturing capabilities in rising electronics market.
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The key players in the global market for microelectromechanical systems include STMicroelectronics, Texas Instruments Inc., Robert Bosch GmbH, Hewlett-Packard Company, Canon Inc., Denso Corporation, Panasonic Corporation, Avago Technologies, InvenSense, Inc., Analog Devices, Inc., among others.
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This report segments global microelectromechanical systems market as follows:
Microelectromechanical Systems Market: Sensor Type Segment Analysis
- Inertial Combo
- Pressure
- Microphone
- Environmental
- Optical
Microelectromechanical Systems Market: Application Segment Analysis
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Aerospace & Defense
- Others
Microelectromechanical Systems Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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