MEMS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2021 - 2028)

Market Analysis and Insights : Global Micro-Electro-Mechanical System (MEMS) Market
Data Bridge Market Research analyses that the micro-electro-mechanical system (MEMS) market will exhibit a CAGR of 12.9% for the forecast period of 2021-2028 and is expected to reach USD 37.24 billion by 2028. Rising adoption of micro-electro-mechanical system (MEMS) technology into smartphone and other portable electronics and rising application of compact micro-electro-mechanical system (MEMS) technology by different industrial sectors such as aerospace, automobile, consumer electronics, defence and many more may drive the growth in the micro-electro-mechanical system (MEMS) market value.

Micro-electro-mechanical system (MEMS) are miniaturized mechanical and electromechanical elements that are used to fabricate sensors such as gyroscopes, digital compasses, accelerometers, pressure sensors, inertial modules, microphones and humidity sensors. The technology is widely used in applications such as automotive, consumer electronics, defence, aerospace, industrial, healthcare and telecom.

Implementation of sensors in consumer electronics is responsible for inducing growth of the micro-electro-mechanical system (MEMS) market. Rising demand for smart consumer electronics and incorporation of internet of things by the semiconductor industry will further create lucrative growth opportunities for the micro-electro-mechanical system (MEMS) market. Emerging trends in the automotive industry and technology will further directly propel the growth in demand for micro-electro-mechanical system (MEMS). Micro-electro-mechanical system (MEMS) is efficient, effective and compact technology. This will further promote growth of the market. Micro-electro-mechanical system (MEMS) is used in various laparoscopic devices, blood pressure devices and others. Thus, growth and expansion of healthcare or pharmaceutical industry will directly and positively impact the growth of micro-electro-mechanical system (MEMS).
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