Microelectromechanical Systems, commonly known as MEMS, are made up of several nano electromechanical components embedded in semiconductor chips. They contains micro-circuits upon which small sensors and other components are placed upon. MEMS devices are increasingly being adopted across several sectors because of their higher efficiency rates and low costs. The Global MEMS market has a huge potential to grow as the rate of applications in several sectors such as Automotive, Consumer Electronics, Aerospace and Defense, Healthcare, and Industrial is high.
TechNavio's analysts forecast the Global MEMS market will grow at a CAGR of 12.3 percent over the period 2014-2019.
This report covers the present scenario and the growth prospects of the Global MEMS market during the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of MEMS sensors across the following segments:
It does not include revenue generated from other MEMS sensors used in inkjet heads, micro displays, projection systems, micro dispensers or any other application other than those mentioned above. It also presents the vendor landscape and a corresponding detailed analysis of the top leading vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market and also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
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