Microelectromechanical Systems (MEMS) Market 2019: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2026

A new market study, titled “Discover Global Microelectromechanical Systems (MEMS) Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.

Pune, India - May 6, 2019 /MarketersMedia/ —

Introduction

Global Microelectromechanical Systems (MEMS) - Market Overview

Microelectromechanical systems (MEMS) devices or microdevice usually has a dimension of a few microns to a few millimeters. The width of human hair is of the order of 80 microns. The dimensions of the microdevices are even smaller than the dimensions of the microdevices. A MEMS system is the combination of a few MEMS sensors and MEMS actuators which work harmoniously to provide specific functionality. The main advantages of micro devices are low cost, accurate sensing, low space, and low energy consumption. MEMS devices are usually classified into sensors and actuators.

The Global Microelectromechanical Systems (MEMS) Market was worth USD XX billion in 2018 and is forecast to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period (2018-2025).

Global Microelectromechanical Systems (MEMS) Market- Market Dynamics

Increase in sales of smartphones, widespread internet connectivity, rising demand for wearable technologies like smartwatches and the growing market for IoT devices are the key factors responsible for boosting the growth of the Global microelectromechanical systems (MEMS) market.

Increasing adoption of wearable technologies like smartwatches is the primary factor boosting the global microelectromechanical systems (MEMS) market. For instance, Apple in September 2018 launched the ‘Apple Series 4 iWatch’ which is embedded with an electric heart sensor which helps in recording the ECG of a person by measuring the atrial fibrillation (Afib), a form of irregular rhythm. Technological advancements in wearable technologies in integrating the number of sensors is another key contributing factor. According to a report by the United States National Library of Medicine, only 1.7% of wearable devices in 2016 comprised of more than five sensors and this figure increased to 11% in 2017. This growth rate can be ascribed to the advancements in compactness of sensors. Furthermore, according to the consumer technology association, the global sales revenue from wearable technologies in 2017 increased to USD billion compared to USD 15 billion in 2016 and USD 9 billion in 2015. The growth of the wearable technologies market is a significant factor fueling the growth of the global microelectromechanical systems market.

 

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However, high development costs of MEMS devices, government regulations and reliability issues of MEMS devices are the crucial factors hampering the growth of the Global microelectromechanical systems (MEMS) market.

New Innovations can quickly gain prominence amongst the end-users before the government organizations can regulate them. For instance, the United States Consumer Product Safety Commission imposed regulations on the Fitbit force which was responsible for causing skin irritation to the users. Fitbit Inc had to recall more than 1million units in the US and about 28000 units in Canada incurring considerable losses to the company. The government regulations imposed upon wearable devices comprising of MEMS devices is a primary factor impeding the growth of the global microelectromechanical systems market.

Global Microelectromechanical Systems (MEMS) Market-Segmentation Analysis

The Global Microelectromechanical Systems (MEMS) Market has been segmented by end-user application, product type, and geography.

Global Microelectromechanical Systems (MEMS) Market-Geographical Analysis

The Global Microelectromechanical Systems (MEMS) Market is segmented into North America, Europe, Asia Pacific, South America and Rest of the world.

Global Microelectromechanical Systems (MEMS) Market-Competitive Analysis

Some of the major players in this market incorporate competitive strategies like mergers and acquisitions to retain their market competitiveness. For instance, in December 2018, AISIN and DENSO corporation agreed to form a new company to sell driving modules for electric vehicles. Furthermore, in November 2018, TE connectivity sold its subsea communications business to Cerberus Capital Management LLP, an alternative investment firm.

Scope of the Report:

The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The Global Microelectromechanical Systems (MEMS) Market is segmented based on the type of the product as sensors and actuators. The sensors segmented is further divided as gyroscopes, accelerometers, pressure sensors, inertial combos, and others. The actuators segment is further classified as RF MEMS, microfluidic chips, oscillators and resonators, and others. Based on the end user application, the market is segmented as automotive industry, aerospace and defense industry, consumer electronics, healthcare industry, and others. Based on the geography, the market is segmented into North America, South America, Europe, Asia Pacific and Rest of the World (ROW).

The report profiles the following companies – Robert Bosch GmbH, ST Microelectronics, Texas Instruments, GE, Analog Devices Inc, Honeywell, Denso Corporation, TE connectivity Corp, Panasonic Corp, and NXP Semiconductors.

Why Purchase the Report?

Visualize the composition of the Global Microelectromechanical Systems (MEMS) Market across each indication, in terms of type, application, material, and function highlighting the key commercial drivers, restraints and market players.
Identify commercial opportunities in Global Microelectromechanical Systems (MEMS) Market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Global Microelectromechanical Systems (MEMS) Market - level 4/5 segmentation.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key products of all major market players

Target Audience:

Equipment Suppliers/ Buyers
Service Providers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

 

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Table of Contents

SECTION 1

 Global Microelectromechanical Systems (MEMS) Market - Methodology and Scope

Research Methodology
Research Objective and Scope of the Report

SECTION 2

 Global Microelectromechanical Systems (MEMS) Market - Market Definition and Overview

 

SECTION 3

 Global Microelectromechanical Systems (MEMS) Market - Executive Summary

Market Snippet by Product Type
Market Snippet by End User Application
Market Snippet by Region
DataM CLO Scenario

SECTION 4

 Global Microelectromechanical Systems (MEMS) Market - Market Dynamics

Market Impacting Factors

SECTION 5

 Global Microelectromechanical Systems (MEMS) Market - Industry Analysis

 

SECTION 6

 Global Microelectromechanical Systems (MEMS) Market - By Product Type

 Introduction

 

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Contact Info:
Name: Norah Trent
Organization: WISE GUY RESEARCH CONSULTANTS PVT LTD
Website: http://www.wiseguyreports.com

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Source: MarketersMedia

Release ID: 509239