Press release
Micro-Electro-Mechanical System (MEMS) Market Growth, Analysis, Latest Trends and Forecast till 2028
The MEMS market is projected to grow from USD 14.8 billion in 2022 to USD 22.9 billion by 2028, registering a CAGR of 7.6% during the forecast period. Rising demand for consumer electronics and increasing demand for IoT devices are driving the market for MEMS. Advancement in sensor fusion technology will also boost market growth in the coming years.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13689179
RF MEMS switches are more robust than other switch technologies and can deliver better performance in harsh environments and extreme operating conditions. RF MEMS switches have proven their capability to operate under extreme shock, harsh temperature, and vibrations and are durable to function throughout their operating life for demanding applications. These features of RF MEMS switches are increasing their applications as virtually every market seeks smaller, lighter components that consume less power can be produced in high volume and are cost-effective. MEMS-based switches are expected to substitute existing products and be used in new applications, such as smartphones and consumer electronics devices. RF MEMS is also expected to replace the electromechanical relay (EMR) as it is comparatively slow, large, consumes more DC power, and has a short operating life. It will be used in telecommunications, aerospace, defense, and many other applications.
The IoT components and devices can be made much simpler using MEMS technology. MEMS components come in various forms, including magnetometers, microphones, oscillators, sensors, and switches. Their compact form factor, low power consumption, and manufacturing scalability make MEMS devices a good fit for cost-conscious IoT applications. The demand for IoT devices is increasing in smart homes, factories, and the automotive industry. It is estimated that there will be more than 31 billion connected IoT devices by 2025. As MEMS technology plays a key role in IoT devices, their growing demand is expected to be one of the key drivers for the MEMS market growth.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=13689179
The consumer electronics industry is witnessing rapid growth. Wearables, hearables, and smart home devices are in high demand. These devices are increasingly becoming essential to the daily routine, monitoring the environment, tracking vitals, and sending alerts. In 2021, the global shipment of wearables was over 140 million-a yearly growth of over 25%. The need for miniaturized components is increasing as the size of consumer electronics is becoming compact, and their functionalities and features are increasing. This is where MEMS technology plays a key role in supporting the growth of the wearable and hearable devices market. Major players in the wearable devices market, such as Samsung Electronics, Apple Inc., Garmin, and Google (Fitbit), are increasing the implementation of MEMS components in their wearable and hearable devices.
News also Covered: https://www.prnewswire.com/news-releases/micro-electro-mechanical-system-mems-market-worth-22-9-billion-by-2028---exclusive-report-by-marketsandmarkets-301717485.html
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Micro-Electro-Mechanical System (MEMS) Market Growth, Analysis, Latest Trends and Forecast till 2028 here
News-ID: 2878259 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for MEMS
MEMS Packaging Market
The latest research study released by HTF MI on MEMS Packaging Market with 123+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, sales, drivers, opportunities, market viewpoint and status. The market Study is segmented by key a region that is accelerating the marketization. MEMS Packaging study is a perfect mix of qualitative and quantitative Market…
Automotive MEMS Sensor Market Forecast to 2028 - Covid-19 Impact and Global Anal …
MSME sensors are used in the electronic system in automobiles. It is used for joining signal processing abilities on a single small chip. The rising technological advancement and set of automotive mems sensors products with some massive applications such as electronic stability control, electronic control unit, safety & security, & strict government rules to offer security, safety, and reliability in the vehicles are the key factors boosting the growth of…
Automotive MEMS Sensor Market Forecast to 2028 - Covid-19 Impact and Global Anal …
MSME sensors are used in the electronic system in automobiles. It is used for joining signal processing abilities on a single small chip. The rising technological advancement and set of automotive mems sensors products with some massive applications such as electronic stability control, electronic control unit, safety & security, & strict government rules to offer security, safety, and reliability in the vehicles are the key factors boosting the growth of…
Global RF-MEMS Market 2017 : DelfMEMS, MEMtronics, Radant MEMS, WiSpry, Cavendis …
A market study based on the "RF-MEMS Market" across the globe, recently added to the repository of Market Research, is titled ‘Global RF-MEMS Market 2017’. The research report analyses the historical as well as present performance of the worldwide RF-MEMS industry, and makes predictions on the future status of RF-MEMS market on the basis of this analysis.
Get Free Sample Copy of Report Here :
http://bit.ly/2qj78sg
Top Manufacturers Analysis Of This Research…
Bio MEMS Market - Cardio-MEMS to Lead, North America to Remain Frontrunner
Transparency Market Research has observed the competitive landscape in the global bio-MEMS market to be quite consolidated. The top five players held a whopping share of about 45% in the global market in 2015. Abbott Laboratories, Becton Dickinson, Baxter International Inc., Medtronic, and Boston Scientific have been dominating the global market with their persistent efforts to develop innovative products and continuous research and development to enhance their existing product portfolio.…
Bio MEMS Market: High Prevalence of Heart Diseases Gives Impetus to Cardio-MEMS
Transparency Market Research has observed the competitive landscape in the global bio-MEMS market to be quite consolidated. The top five players held a whopping share of about 45% in the global market in 2015. Abbott Laboratories, Becton Dickinson, Baxter International Inc., Medtronic, and Boston Scientific have been dominating the global market with their persistent efforts to develop innovative products and continuous research and development to enhance their existing product portfolio.…