A recent report published by Infinium Global Research on MEMS market provides in-depth analysis of segments and sub-segments in global as well as regional MEMS market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional MEMS market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global MEMS market. According to the report, the global MEMS market is projected to grow at a CAGR of 9.5% over the forecast period of 2018-2024.
Micro-electro-mechanical systems (MEMS) is a technology that can be defined as miniaturization of a machine that has both mechanical and electronic components. MEMS has been identified as one of the most promising technologies for the 21st Century and has the potential to revolutionize both industrial and consumer products by combining silicon-based microelectronics with micromachining technology. MEMS can be found in systems ranging across automotive, medical, electronic, communication and defense applications. The commercial application of the MEMS includes sensor driven heating and cooling system for building management system and disposable pressure sensors for use in healthcare. MEMS devices are also found in projection displays and for micro positioners in data storage systems.
Increasing demand for smart consumer electronics and wearables drives the growth of the MEMS market. MEMS is not just about the miniaturization of mechanical components or making things out of silicon. MEMS is a manufacturing technology, a prototype for designing and creating complex mechanical devices and systems as well as their integrated electronics using batch fabrication techniques. In addition, huge adoption of automation in industries and homes are strengthening the growth of the MEMS market. However, Lack of standardization in the fabrication process is relatively having a negative impact on the growth of the MEMS market. Furthermore, rising demand for connected devices to Implement IoT are providing several growth opportunities for the key players in the MEMS market.
Among the geographies, Asia Pacific dominated the global MEMS market. The growth in the Asia Pacific region is due to the global focal point for large investments and business expansion opportunities. Moreover, Asia Pacific is the major market for consumer electronics, automotive, and industrial verticals.
The report on global MEMS market covers segments such as sensor types, components, and application. On the basis of sensor types, the global MEMS market is categorized into accelerometers, pressure sensors, gas sensors, humidity sensors, and gyro sensors. On the basis of components, the global MEMS market is categorized into microsensors, microactuators, and microelectronics. On the basis of application, the global MEMS market is categorized into physical, chemical, and biological and medical.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the MEMS market. As a result, the APAC region is projected to experience a growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global MEMS market such as Infineon Technologies AG, Invensense, Inc., Murata Manufacturing Co., Ltd., Texas Instruments, Inc., Panasonic Corp, Analog Devices, Inc, NXP Semiconductors N.V., Robert Bosch GmbH, STMicroelectronics N.V., and Asahi Kasei Microdevices Corp.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global MEMS market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of MEMS market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the MEMS market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the MEMS market to understand the present and future trends in this market and formulate their strategies accordingly.
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