The Global Micro Electromechanical Systems MEMS Devices Market size was valued at USD 5.3 billion in 2017, which is expected to reach USD 10.8 billion by 2028, growing at a CAGR of 7.2%. It is growing at a significant pace and the trend continues to rise with the demand for smart devices followed by actuators and other types of MEMS devices during the forecast period 2018-2028. Asia Pacific region holds considerable potential in terms of growth rate due to the increase in adoption of smartphones and tablets as well as the rising number of industrial automation systems across various sectors such as automotive, medical, agriculture, etc.
Micro Electromechanical Systems MEMS Devices are small and versatile micro-sized mechanical or electro-mechanical systems that can be used for sensing, actuating, control of motion, chemical analysis. MEMS devices are made up of silicon components such as piezoelectric crystals (which produce a voltage when under pressure), capacitors (used to store charge), and mechanically sensitive resistors which bend according to the applied strain.
The most common micro-electromechanical systems (MEMS) are touchpads on laptop computers or smartphones, tiny switches found on computer keyboards, automobile airbag modules, gyroscopes for navigation applications such as GPS receivers, and virtual reality headsets. These devices have a variety of sensing capabilities including acceleration measurement which has been applied to measure G forces during automobile racing events. Others include pressure sensors to detect weight distribution across car seat cushions; displacement measurements can be used in automotive crash detection systems and data from linear accelerometers can be combined with data from angular sensors to provide a three-dimensional sense of orientation for the device.
On the basis of Type, the market is segmented into Actuators (smart switches), Sensors (pressure sensors).In 2017 actuators accounted for 54% of revenue in total microelectromechanical systems markets whereas sensors contributed to 46% of sales volume.
Actuators are a component of MEMS devices, which are used for actuation and control. Actuators are categorized as either electrostatic or thermal actuators. They can also be classified by the type of movable elements they use to produce motion: a piezo-electric actuator uses an electric charge to create movement; fluidic actuators move fluids within a chamber with pressure changes from pumps or valves; magnetostrictive actuators change lengths when exposed to magnetic fields.
Sensors are a type of electronic devices that pick up and convert physical data. They measure parameters such as temperature, pressure, speed, etc., which are translated into electrical signals for the microprocessor to analyze. In general terms, any device that picks up information from its environment and converts it to an appropriate signal is considered a sensor.
A typical example would be a thermometer used in homes or labs to measure temperature levels; while a motion sensor detects movement using infrared sensors or ultrasonic detectors. Other examples include gas sensors found on automobiles’ airbags, sonar (or echo sounders) commonly used for detecting submerged objects underwater by emitting pulses of high-frequency sound waves at regular intervals towards the water surface and measuring time.
On the basis of Application, the market is segmented into actuating applications, sensing applications, and others. Actuating Applications such as automobile steering and braking systems; automotive crash detection systems. Sensing applications which include pressure sensors to detect weight distribution across car seat cushions, displacement measurements can be used in automotive crash detection systems or linear accelerometers for navigation purposes like GPS receivers. The other application includes Gyroscopes for Virtual Reality Headsets.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the leading market in terms of revenue and share as it accounts for more than half of total volumes. North America holds its dominant position due to a high number of industrial robots integrated with MEMS devices. It expected to grow at a significant pace owing to high adoption rates of MEMS devices among end-users such as mobile phone manufacturers. Latin America offers promising prospects for growth owing to increasing awareness about products made using MEMS devices coupled with favorable government policies in the region.
Europe has been witnessing a surge in demand owing to increased investments by automotive OEMs, auto component makers, and consumer goods companies in production automation and higher adoption rate among end-users such as touchscreen displays from smartphones that employ micromechanical switches. Asia Pacific region is making rapid progress on the back of rising economies like China and India which are expected to drive increase penetration rates across diverse applications under several vertical sectors including agriculture, transportation & logistics industries.
Up Market Research published a new report titled “Micro Electromechanical Systems MEMS Devices Market research report which is segmented by Types (Actuator, Sensor, Other), By Applications (Actuating, Sensing, Other), By Players/Companies Robert Bosch GmbH, STMicroelectronics, Texas Instruments, Hewlett-Packard, Knowles Electronics, Canon, Denso, Panasonic, Avago Technologies, Freescale Semiconductor, InvenSense, Analog Devices, Sensata Technologies, TriQuint Semiconductor, Seiko Epson Corporation”.
|Report Attributes||Report Details|
|Report Title||Micro Electromechanical Systems MEMS Devices Market Research Report|
|By Type||Actuator, Sensor, Other|
|By Application||Actuating, Sensing, Other|
|By Companies||Robert Bosch GmbH, STMicroelectronics, Texas Instruments, Hewlett-Packard, Knowles Electronics, Canon, Denso, Panasonic, Avago Technologies, Freescale Semiconductor, InvenSense, Analog Devices, Sensata Technologies, TriQuint Semiconductor, Seiko Epson Corporation|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||234|
|Number of Tables & Figures||164|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Actuator, Sensor, Other and By Application Actuating, Sensing, Other.
Some of the companies that are profiled in this report are:
Micro Electromechanical Systems MEMS Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Micro Electromechanical Systems MEMS Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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