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 prospective 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.
Request Free Sample Report of Microelectromechanical Systems (MEMS) Market Report @ www.zionmarketresearch.com/sample/microelectromechanical-systems-market
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.
On the basis of region, the global market for microelectromechanical systems is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific leads the segment and is expected to experience high demand for MEMS in electronics, information technology, automotive and healthcare industries. Europe and North America are expected to grow at significant rate in years to come.
Download Free PDF Report Brochure @ www.zionmarketresearch.com/requestbrochure/microelectromechanical-systems-market
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.
This report segments global microelectromechanical systems market as follows:
Microelectromechanical Systems Market: Sensor Type Segment Analysis
- Inertial Combo
Microelectromechanical Systems Market: Application Segment Analysis
- Consumer Electronics
- Aerospace & Defense
Inquire more about this report @ www.zionmarketresearch.com/inquiry/microelectromechanical-systems-market
Microelectromechanical Systems Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Browse New Press Release: www.zionmarketresearch.com/news/microelectromechanical-systems-industry
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.