Nano Positioning Systems Market - Rising Demand for Feasible Consumer Electronics Is Prime Reason Behind the Rising Deployment

The nano positioning system market is prognosticated to grow significantly in the span of upcoming years. Surge in demand for Micro-Electro-Mechanical Systems (MEMS), as per the capacitive sensors in wearables and consumer is one of the major factor surging the demand for nano positioning systems market.

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Moreover, increase in requirement for piezoelectric actuators is aerospace sector, and rising demand for ceramic technology are also some important factors contributing in the growth of global nano positioning systems market.

According to a report by Transparency Market Research the global market for nano positioning systems is anticipated to expand at a healthy CAGR OF 13.4% during the forecast period from 2017 to 2025. The market as valued in 2016, was around worth of US$85.4 mn. This value is likely to reach around worth of US$264.1 mn by the end of 2025.

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The global nano positioning systems market is divided based on the type of actuators into magneto-strictive, MEMS-based electrostatic, Piezo Actuator, Electromagnetic, and pneumatic and hydroelectric actuators among others. Out of these segments, the piezo actuators accounted for major share of 37.15% in the market.

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The region is anticipated to maintain its position in the forecast period as well. As per the market share, piezo actuators are trailed by the electromagnetic actuators. The segment is foreseen to surge the initial share marginally because of the increase in optics and aerospace industry.

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