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Micro-Electro-Mechanical System Market worth $22.48 billion by 2030, growing at a CAGR of 7.95% - Exclusive Report by 360iResearch
Micro-Electro-Mechanical System Market | 360iResearch
The Global Micro-Electro-Mechanical System Market to grow from USD 13.15 billion in 2023 to USD 22.48 billion by 2030, at a CAGR of 7.95%.
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Micro-electro-mechanical systems (MEMS) are miniaturized mechanical and electromechanical elements increasingly fabricating sensors such as gyroscopes, digital compasses, accelerometers, pressure sensors, inertial modules, microphones, and humidity sensors. The micro-electro-mechanical system is widely used in automotive, consumer electronics, defense, aerospace, industrial, healthcare, and telecom applications. Rising demand for smart consumer electronics and the semiconductor industry's incorporation of the internet of things are expected to create further lucrative growth opportunities for the micro-electro-mechanical system (MEMS) market. Micro-electro-mechanical system (MEMS) is used in various laparoscopic devices, blood pressure devices, and others. Thus, the growth and expansion of the healthcare or pharmaceutical industry positively impact the growth of micro-electro-mechanical systems (MEMS). However, the lack of standardization in the fabrication process is estimated to be a major micro-electro-mechanical system (MEMS) market growth limitation. Volatility and fluctuations in the expenses of raw materials will also challenge the micro-electro-mechanical system (MEMS) market growth.
The continuous increase in the consumer electronic industry and rapid deployment of wearables are anticipated to increase the scope of micro-electro-mechanical systems in Asia-Pacific. As per the International Trade Administration (ITA), Philippine consumer electronics spending from 2020-2024 is estimated to reach USD 8.1 billion, and spending in 2020 was around USD 6 billion. Similarly, as per the National Investment Promotion & Facilitation Agency, the exports of electronic goods in India from April to December 2022 recorded USD 16.67 billion compared to USD 10.99 billion during the same period last year, registering a growth of 51.56%. Countries such as Japan, India, China, Singapore, South Korea, and Taiwan are increasingly advancing their semiconductor industry and investing in MEMS development, benefiting the growth of the market in the Asia-Pacific. The introduction of advanced micro-electro-mechanical systems by native players is expected to expand the market scope in the Americas. For instance, in September 2022, Knowles Electronics LLC announced the availability of the true wireless stereo (TWS) named KN2 for the best music listening experience. The product features include Qualcomm QCC5144 BT SoC with aptX Adaptive and aptX codec for low-latency HD audio that is robust and has a low bit rate.
Market Segmentation & Coverage:
This research report categorizes the Micro-Electro-Mechanical System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Actuator Type, market is studied across Inkjet Head, Microfluidics, Optical, and Radio Frequency. The Optical is projected to witness significant market share during forecast period.
Based on Sensor Type, market is studied across Environmental Sensor, Inertial, Microphone, Microspeaker, Optical Sensor, and Pressure. The Microphone is projected to witness significant market share during forecast period.
Based on Verticals, market is studied across Aerospace & Defence, Automotive, Consumer Electronics, Healthcare, Industrial, and Telecommunication. The Telecommunication is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Micro-Electro-Mechanical System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Micro-Electro-Mechanical System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Micro-Electro-Mechanical System Market, highlighting leading vendors and their innovative profiles. These include ACEINNA, Inc., Acutronic Holding AG, ALTHEN GmbH, Amphenol Corporation, Analog Devices, Inc., Angst+Pfister Sensors & Power AG, ASC GmbH, Bronkhorst High-Tech B.V., Bruker Corporation, DJB Instruments (UK) Ltd., Dytran Instruments, Inc. by Spectris PLC, EMCORE Corporation, Epson Europe Electronics GmbH by Seiko Epson Corporation, ES Systems by Glamox AS, Essential Research, Inc., FormFactor, Inc., Genesys Aerosystems by Moog Inc., Hamamatsu Photonics K.K., Hewlett Packard Enterprise Development LP, Honeywell International Inc., Inertial Labs, Inc., Infineon Technologies AG, InfraTec GmbH, Innosys Inc., KIONIX, Inc., by ROHM Co., Ltd., Knowles Corporation by Dover Corporation, Kurt J. Lesker Company, Kyodo International, Inc., LioniX International B.V., Melexis NV by Xtrion N.V., Merit Medical Systems, Inc., Microfabrica Inc. by Technoprobe S.p.A., NevadaNanotech Systems, Inc., NXP Semiconductors N.V., Orbray Co., Ltd., Panasonic Corporation, Polytec GmbH, Qorvo Inc., Quartet Mechanics, Inc., Robert Bosch GmbH, Safran Colibrys SA, Silex Microsystems AB, Sinto S-Precision, Ltd., SkyWater Technology, Specialty Coating Systems Inc. by Kisco Ltd., STMicroelectronics International N.V., SÜSS MicroTec SE, TDK Corporation, TE Connectivity Ltd., Texas Instruments Incorporated, and VectorNav Technologies, LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Micro-Electro-Mechanical System Market, by Actuator Type
7. Micro-Electro-Mechanical System Market, by Sensor Type
8. Micro-Electro-Mechanical System Market, by Verticals
9. Americas Micro-Electro-Mechanical System Market
10. Asia-Pacific Micro-Electro-Mechanical System Market
11. Europe, Middle East & Africa Micro-Electro-Mechanical System Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Micro-Electro-Mechanical System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Micro-Electro-Mechanical System Market?
3. What is the competitive strategic window for opportunities in the Micro-Electro-Mechanical System Market?
4. What are the technology trends and regulatory frameworks in the Micro-Electro-Mechanical System Market?
5. What is the market share of the leading vendors in the Micro-Electro-Mechanical System Market?
6. What modes and strategic moves are considered suitable for entering the Micro-Electro-Mechanical System Market?
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