Global Optical MEMS Market to grow at a CAGR of 7.47% over Forecast period 2015-2019

Albany, NY, Feb 22, 2017: Optical MEMS are used to enhance the capabilities of optical storage, optical imaging, and displays and improve optical communications of photonic devices. Apart from these applications, optical MEMS are also used in micro scanning applications. The global optical MEMS market is primarily driven by the telecommunication sector due to the high demand for bandwidth. As a result of the growing penetration of IoT, optical MEMS are required in datacenters to transfer and receive the information over dense wave-division multiplexing (DWDM) network.

Technavio predicts the global optical MEMS market to grow at a CAGR of 7.47% over the period 2014-2019.

This report covers the present scenario and growth prospects of the global optical MEMS market during 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following optical MEMS products:
- Projection system: It includes projection system used for displays, advance light controls, and automotive display solutions.
- Microbolometers: It includes microbolometers used for thermal imaging applications such as surveillance, material detecting sensors, and medical sensing.
- Other optical MEMS: It includes products such as microdisplays, micromirrors, optical MEMS switches, and optical MEMS sensors used in smartphones, tablet PCs, and communications applications.

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Technavio's report, the Global Optical MEMS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the global optical MEMS market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key regions
- Americas
- APAC
- EMEA

Key vendors
- Analog Devices
- Freescale Semiconductor
- STMicroelectronics
- Texas Instruments

Other prominent vendors
- Boston Micromachines
- Memscap

Key market driver
- Use of optical MEMS for telecommunication applications
- For a full, detailed list, view our report

Key market challenge
- Design challenge for optical MEMS manufacturers
- For a full, detailed list, view our report

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Key questions answered in this report:-
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?

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This release was published on openPR.