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Microelectromechanical systems Market 2017-2022 Analysis and Forecast

Microelectromechanical Systems (MEMS) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $26.8 billion by 2022, registering a CAGR of 11.1% during the period 2016-2022.

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Microelectromechanical systems Market 2017-2022 Analysis and Forecast

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  1. Microelectromech anical systems (MEMS) Market Expected to Reach $26.8 Billion, Opportunity Analysis and Industry Forecast, 2016-2023 Globally, by 2022 Global Opportunity Analysis and Industry Forecast, 2016-2023 Pages: 232 Tables: 52 Charts: 100

  2. MICROELECTROMECHANICAL SYSTEMS MARKET Microelectromechanical Systems (MEMS) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $26.8 billion by 2022, registering a CAGR of 11.1% during the period 2016-2022. Access Full Summary at: https://www.alliedmarketresearch.com/micro-electromechanical-systems-MEMS- market MEMS are micrometer-scale devices that integrate electrical and mechanical elements. The global MEMS market is expected to witness high growth rate during the forecast period, owing to high usage in smartphones, major growth in portable electronic market and increase in popularity of Internet of Things (IoT), and robust demand in automation industry. Further, emerging trend of wearable devices, connected cars, smart watches, connected homes, and others are expected to offer new opportunities for market growth. Consumer electronics was the foremost industry in 2015, and is expected to continue its lead, in terms of market size, in the future as well. Further, automotive and industrial are other lucrative sectors in the MEMS market. Increase in safety concerns and regulatory requirements have driven the growth of this market.

  3. MICROELECTROMECHANICAL SYSTEMS MARKET The market is classified based on type into sensors and actuators. Sensors held the largest market share in 2015 owing to the extensive use of gyroscope, accelerometer, and pressure sensor in smartphones, wearable devices, cars, and various medical devices. Asia-Pacific generated the highest revenue in this market, followed by North America and Europe. China held over 45% revenue share of the overall Asia-Pacific market, due to growth of automobile and consumer electronics segment. Further, LAMEA is expected to witness considerable growth rate during the forecast period, owing to localization of manufacturing facilities within emerging consumer electronics market. Request for Sample Report (PDF) @: https://www.alliedmarketresearch.com/request-sample/1936 The MEMS industry displays fair degree of consolidation, with top five industry participants occupying a significant market share. Robert Bosch, STMicroelectronics, and Texas Instruments are few of the leading companies in this industry. Other key players in the industry include Denso Corporation, Avago Technologies, Freescale Semiconductor, and Analog devices, Inc. These players have adopted product launches, expansions, acquisitions, partnerships, and agreements as their key strategies to strengthen their market position and expand their geographical presence.

  4. MICROELECTROMECHANICAL SYSTEMS MARKET Key Findings of the Microelectromechanical Systems (MEMS) Market In 2015, sensors segment accounted for maximum revenue, with over 50% share, and is projected to grow at a CAGR of 10.7% during the forecast period • Inertial combos is projected to grow at a CAGR of 13.3%, owing to increase in application of these sensors in smartphones, tablets, and cars. • Asia-Pacific is anticipated to exhibit the highest CAGR of over 12.2%. • China is projected to maintain its lead in the MEMS market, in terms of revenue generation, until 2022. • Consumer electronics and automotive contributed a significant revenue share in the overall market in 2015. •

  5. MICROELECTROMECHANICAL SYSTEMS MARKET Segment Review The global MEMS market is segmented on the basis of type, industry vertical, and geography. Based on type, the market is divided into sensors (gyroscopes, accelerometers, pressure sensors, inertial combos, microphones, magnetometers, and others) and actuators (inkjet systems, optical MEMS, oscillators & resonators, microfluidic & bio- chips, RF MEMS, and others). Based on industry vertical, it is categorized into consumer electronics, automotive, industrial, aerospace & defense, healthcare, and telecommunication. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. For Purchase Report Enquiry @: https://www.alliedmarketresearch.com/purchase-enquiry/1936 Global MEMS Market Scenario MEMS is extensively used in smartphones, wearable devices, and other electronic devices, owing to its enhanced electrical performance at high frequencies. The MEMS market is expected to gain popularity as the consumer electronics industry is shifting its focus from traditional sensors to MEMS technology. Smartphone manufacturing companies have increased the number of MEMS in their devices to enhance the overall user interface experience and to gain a competitive edge over their competitors in the market.

  6. MICROELECTROMECHANICAL SYSTEMS MARKET By Geography North America • Europe • Asia-Pacific • LAMEA •

  7. MICROELECTROMECHANICAL SYSTEMS MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/contact-us Follow Us On

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