DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Microelectromechanical systems (MEMS) Market by Type and Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2014-2022" report to their offering.
The global microelectromechanical systems (MEMS) market was valued at $13.0 billion in 2015, and is expected to reach $26.8 billion by 2022, growing at a CAGR of 11.1% from 2016 to 2022.
MEMS is used to fabricate sensors such as accelerometers, gyroscopes, magnetometers, inertial modules, pressure sensors, and microphones, which are applicable in smartphones, tablets, and other consumer electronics devices.
High adoption in smartphones, rapid growth in portable electronic market, increase in popularity of Internet of Things (IoT), and rise in demand in automation industry is driving the market growth. MEMS technology has witnessed increased use by sensor manufacturing companies to fabricate a wide range of sensors, owing to its advantages such as low power consumption, small size, and high precision. Further, product launch, partnerships, agreement, and strategic investments are anticipated to be the most effective ways for semiconductor companies to gain maximum market share in emerging markets.
The increased utilization of MEMS-based sensors in consumer electronic products and healthcare equipment are accelerating the market growth. For instance, MEMS-based accelerometer, barometer, gyroscope, and speedometer are extensively incorporated in smartphones. Furthermore, smartphone manufacturers upgrade their products to incorporate new MEMS devices to gain a competitive advantage over other players, which consecutively drives the growth of overall MEMS market.
- Analog Devices, Inc.
- Avago Technologies (Broadcom Ltd.)
- Denso Corporation
- Hewlett Packard Corporation
- Knowles Corporation (Knowles Electronics Holdings, Inc.)
- NXP Semiconductors N.V. (Freescale Semiconductor, Inc.)
- Panasonic Corporation
- Robert Bosch GmbH
- ST Microelectronics N.V.
Texas Instruments Inc
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Mems Market, By Type
Chapter 5 Mems Market, By Industry Vertical
Chapter 6 Mems Market, By Geography
Chapter 7 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/gcf9dr/microelectromechan