Microelectromechanical systems Market 2017-2022 Analysis and Forecast with Top Companies- Robert Bosch, STMicroelectronics, and Texas Instruments

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?utm_source=OpenPR_V

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.

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.

Download Sample Copy (PDF) @: https://www.alliedmarketresearch.com/request-sample/1936?utm_source=OpenPR_V

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.

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.

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, and aerospace & defense, healthcare, and telecommunication. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

For More Enquiry about Report @: https://www.alliedmarketresearch.com/purchase-enquiry/1936?utm_source=OpenPR_V

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.

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.