[August 26, 2016] |
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Global Micro-Electro-Mechanical-Systems Market to grow at a CAGR of Close to 12% until 2020, Predicts Technavio
According to the latest market study released by Technavio,
the global
micro-electro-mechanical-systems (MEMS) market is expected to
reach USD 20.26 billion by 2020, growing at a CAGR of nearly 12%.
This research report titled 'Global
MEMS Market 2016-2020' provides an in-depth analysis of the
market in terms of revenue and emerging market trends. To calculate the
market size, the report considers revenue generated from the sales of
MEMS. The report also presents the vendor landscape and a corresponding
detailed analysis of top vendors in the market, as well as other
prominent vendors.
MEMS are miniaturized devices and structures that are made using the
techniques of microfabrication. These combine mechanical, optical, and
fluidic elements with electronics. The size of the devices can range
from less than one micron up to a number of millimeters. These devices
are integrated with a number of devices such as smartphones, tablets,
wearables, vehicles, medical devices, and industrial devices for
carrying out different types of automated functions. Consumer
electronics is the largest market for MEMS. IoT
will boost up the MEMS demand, as a large number of MEMS would be
required for smart homes, building and industrial automation, and smart
grid applications.
Request sample report: http://goo.gl/4Amv20
Technavio's hardware
and semiconductor analysts categorize the market into three
major segments by end user. They are:
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Automotive
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Consumer electronics
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Industrial
Global MEMS market for consumer electronic segment
The consumer
electronic segment was valued at USD 5.83 billion in 2015 and
will reach USD 10.84 billion by 2020, growing at a CAGR of over 13%
during the forecast period. MEMS are integrated into consumer
electronics such as smartphones, tablets, cameras, gaming consoles, and
wearables. The features such as display control, motion control,
navigation, and gesture recognition are enabled by MEMS. Therefore,
consumer electronics are integrated with MEMS. The global MEMS market
for consumer electronics will primarily be driven by the increase in
demand for smartphones. This is due to the decreasing cost of
smartphones, which, in turn, bosts the market for MEMS.
According to Sunil Kumar Singh, a lead sensors
research analyst from Technavio, "With the declining ASPs and
increasing benefits such as low space and high accuracy, the demand for
MEMS is increasing. MEMS are small enough to be soldered directly onto
the circuit boards. This provides technology with a price advantage."
Global MEMS market for automotive segment
The automotive segment was valued at USD 3.3 billion in 2015 and will
reach USD 5.22 billion by 2020, growing at a CAGR of almost 10% during
the forecast period. Government regulations and consumer awareness
campaigns such as the Global New Car Assessment Program (NCAP) are
driving the demand for MEMS in the automotive
segment. Global NCAP demands the integration of minimum vehicle safety
standards for both crash protection and crash avoidance in all new cars
sold worldwide by 2020. This requires the installation of different
types of MEMS in vehicles. MEMS provide safety features such as airbag
systems, vehicle security systems, inertial brake lights, headlight
levelling, rollover detection, automatic door locks, and active
suspension.
"The UN Road Safety Collaboration has introduced a global plan for
the decade 2011-2020. The plan focuses on road safety activities such as
improving the safety of road infrastructure and broader transport
networks; building road safety management capacity; enhancing the
behavior of road users; further developing the safety of vehicles; and
improving post-crash care," says Sunil.
MEMS microphones are mainly used in the automotive segment for speech
or voice
recognition in automobile audio systems. This will enable the
passengers to stay connected and be entertained in a safe environment,
as they can communicate with the audio system verbally. This has the
possibility to reduce road accidents, as people are often distracted by
factors such as adjusting the car audio system or speaking on mobile
phones.
Global MEMS market for industrial segment
The industrial segment was valued at USD 1.2 billion in 2015 and will
reach USD 1.95 billion by 2020, growing at a CAGR of above 10% during
the forecast period. MEMS are used in many industrial applications such
as construction equipment, agricultural machinery or platform leveling,
and for testing applications. MEMS accelerometers are used for vibration
sensing conditions such as automotive testing or monitoring the pitch
and roll of an aircraft.
MEMS are also used with IoT for industrial
automation. MEMS technology is helpful for industrial robots, as
it can be applied to tactile sensors, navigation, or proximity sensors.
MEMS are used for condition monitoring of transportation and industrial
equipment, vibration and rotational speed monitoring, asset and parcel
tracking and monitoring, shock detection and logging, building and
structure monitoring, and vibration and tilt monitoring.
The top vendors highlighted by Technavio's research analysts in this
report are:
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Analog Devices
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Bosch
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InvenSense
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Knowles
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STMicroelectronics
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Texas Instruments (News - Alert)
Browse Related Reports:
Do you need a report on a market in a specific geographical cluster
or country but can't find what you're looking for? Don't worry,
Technavio also takes client requests. Please contact [email protected]
with your requirements and our analysts will be happy to create a
customized report just for you.
About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20160826005021/en/
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