Global Micro-Electro-Mechanical System (MEMS) Market, By Type (Sensor and Actuator), Application (Automotive, Consumer Electronics, Defence, Aerospace, Industrial, Healthcare and Telecom), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Micro-Electro-Mechanical System (MEMS) Market
Data Bridge Market Research analyses that the micro-electro-mechanical system (MEMS) market will exhibit a CAGR of 12.9% for the forecast period of 2021-2028 and is expected to reach USD 37.24 billion by 2028. Rising adoption of micro-electro-mechanical system (MEMS) technology into smartphones and other portable electronics and rising application of compact micro-electro-mechanical system (MEMS) technology by different industrial sectors such as aerospace, automobile, consumer electronics, defence and many more may drive the growth in the micro-electro-mechanical system (MEMS) market value.
Micro-electro-mechanical system (MEMS) are miniaturized mechanical and electromechanical elements that are used to fabricate sensors such as gyroscopes, digital compasses, accelerometers, pressure sensors, inertial modules, microphones and humidity sensors. The technology is widely used in applications such as automotive, consumer electronics, defence, aerospace, industrial, healthcare and telecom.
Implementation of sensors in consumer electronics is responsible for inducing growth of the micro-electro-mechanical system (MEMS) market. Rising demand for smart consumer electronics and incorporation of internet of things by the semiconductor industry will further create lucrative growth opportunities for the micro-electro-mechanical system (MEMS) market. Emerging trends in the automotive industry and technology will further directly propel the growth in demand for micro-electro-mechanical system (MEMS). Micro-electro-mechanical system (MEMS) is efficient, effective and compact technology. This will further promote growth of the market. Micro-electro-mechanical system (MEMS) is used in various laparoscopic devices, blood pressure devices and others. Thus, growth and expansion of healthcare or pharmaceutical industry will directly and positively impact the growth of micro-electro-mechanical system (MEMS).
However, lack of standardisation in fabrication process will act as a major micro-electro-mechanical system (MEMS) market growth limitation. Fluctuations or volatility in the prices of raw materials will also challenge the micro-electro-mechanical system (MEMS) market growth. Inadequate technological infrastructure in the underdeveloped economies will further slowdown the micro-electro-mechanical system (MEMS) market growth rate. Incorporation of sensors in devices incurs extra value. This will also hamper down the market growth rate.
This micro-electro-mechanical system (MEMS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on micro-electro-mechanical system (MEMS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Micro-Electro-Mechanical System (MEMS) Market Scope and Market Size
The micro-electro-mechanical system (MEMS) market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the micro-electro-mechanical system (MEMS) market is segmented into sensor and actuator. Sensor is further sub-segmented into inertial sensor, pressure sensor, microphone, environmental sensor and optical sensor. Inertial sensor is further segmented into accelerometer, gyroscope, and magnetometer and combo sensor. Optical sensor is bifurcated into micro bolometer and pir and thermophile. Actuator is further segmented into inkjet head, optical MEMS, microfluidic and bio- chips and RF MEMS. RF MEMS is further bifurcate into accelerometer, switch, filter and oscillator.
- On the basis of application, the micro-electro-mechanical system (MEMS) market is segmented into automotive, consumer electronics, defence, aerospace, industrial, healthcare and telecom.
Micro-Electro-Mechanical System (MEMS) Market Country Level Analysis
The micro-electro-mechanical system (MEMS) market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the micro-electro-mechanical system (MEMS) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific holds a dominant share in the global micro-electro-mechanical system (MEMS) market. Presence of major consumer electronics manufacturers in this region is propelling the growth of micro-electro-mechanical system (MEMS) market. Rising smartphone penetration is another factor determining the growth of micro-electro-mechanical system (MEMS) market. Growth and expansion of various end user verticals in the region is another factor fostering the growth of micro-electro-mechanical system (MEMS) market. Easy availability of cheap labour and abundant raw materials are some other growth determinants.
The country section of the micro-electro-mechanical system (MEMS) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Micro-Electro-Mechanical System (MEMS) Market Share Analysis
The micro-electro-mechanical system (MEMS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the micro-electro-mechanical system (MEMS) market.
The major players covered in the micro-electro-mechanical system (MEMS) market report are STMicroelectronics, Hewlett Packard Enterprise Development LP, Texas Instruments Incorporated., Bosch Limited, Robert Bosch GmbH, Knowles Electronics, LLC., Canon Inc., DENSO CORPORATION., Panasonic Corporation, Broadcom., InvenSense., Sensata Technologies, Inc., TDK Corporation., Elmos Semiconductor SE, Taiwan Semiconductor Manufacturing Company Limited, ams AG., Goertek, NXP Semiconductors., Murata Manufacturing Co., Ltd. and Asahi Kasei Microdevices Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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