Market Research Report
MEMS Devices Market with COVID-19 Impact Analysis, By Device Type, By Application, and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||997982|
|Published||Content info||288 Pages
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|MEMS Devices Market with COVID-19 Impact Analysis, By Device Type, By Application, and By Region - Size, Share, & Forecast from 2021-2027|
|Published: March 1, 2021||Content info: 288 Pages||
The global MEMS Devices market was valued at USD 15.6 billion in 2020, growing with 7.3% CAGR during the forecast period, 2021-2027.
Micro-electro-mechanical systems (MEMS) technology involves mechanical miniaturization and electro-mechanical elements, devices, and structures that are manufactured and fabricated using microfabrication.
The MEMS Devices market is estimated to witness a substantial growth rate in the next few years. The increasing demand for smart electronics, wearable devices, and the growing trend of IoT in semiconductors is projected to accelerate the market growth. In addition, the rising demand for MEMS devices from electronics such as laptops, smartphones, cameras, wearable devices, and gaming consoles is also boosting the market growth. Further, the growing demand from the automobile sector for safety & security application is expect6ed to fuel the market growth. For instance, according to the WHO, over 1.55 million people get killed due to road accidents. The MEMS sensor can be used for controlling airbags in case of accidental fatalities.
Furthermore, the technological development and growing trend of IoT are expected to positively impact market growth. The increasing demand from smart grids, building automation, and asset tracking systems are boosting the market growth. In addition, the growing development of sensor fusion is projected to attribute to market growth in the field of MEMS design. Sensors play a very vital role in a vehicle's safety & security measures. However, the high cycle time and complex manufacturing process, and unavailability of standard fabrication process may restrain the market growth.
The MEMS Devices market is segregated into device type and application segments. Based on the device type the sensor type segment held the largest revenue share in 2019. By application, the consumer electronics segment is projected to account for the highest market share during the forecast period.
The Asia Pacific held the highest revenue share in the overall market in 2019. It is projected to dominate over the forecast period, on an account of growing demand from the automobile, and electronics sectors. Japan's market is anticipated to expand the fastest CAGR over the forecast period. The growing automobile sector with communication and miniaturization capabilities. In China, the increasing production of tablets, laptops, and smartphones is boosting the need for MEMS technology. This is projected to increase the demand for MEMS Devices. Europe is projected to grow at a substantial rate over the forecast period. Latin America is anticipated to expand at a significant CAGR over the forecast period.
The MEMS devices market is heavily competitive in nature. The market is dominated by few players which hold the majority revenue share. Top players in the market focus on expanding their distribution network across the globe. Key players include Broadcom Inc., STMicroelectronics N.V., Robert Bosch GmBH, and Texas Instruments Inc. Key players in the market engage in strategic activities such as mergers & acquisitions, and new product developments to enhance their product portfolio. For example, in 2020, Qorvo Inc., has acquired Decawave to improve its hosting and communication services.
Key features of the study:
This proposed research study on MEMS Devices market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for MEMS Devices market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the MEMS Devices market
Impact of COVID-19 on MEMS Devices market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on MEMS Devices market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the MEMS Devices market, we have also included competitive landscape and key innovator analysis for the MEMS Devices market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the MEMS Devices market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the MEMS Devices market on global as well as regional level.
The global MEMS Devices market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MEMS DEVICES MARKET KEY PLAYERS
Robert Bosch GmBH
Texas Instruments Inc.
Analog Devices Inc.
Freescale Semiconductors Inc.
GLOBAL MEMS DEVICES MARKET, BY DEVICE TYPE
GLOBAL MEMS DEVICES MARKET, BY APPLICATION
Aerospace & Defense
GLOBAL MEMS DEVICES MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures