Market Research Report
MEMS Market by Components, Devices and Applications in Industry Verticals 2021 - 2026
|Published by||Mind Commerce||Product code||1002887|
|Published||Content info||143 Pages
Delivery time: 1-2 business days
|MEMS Market by Components, Devices and Applications in Industry Verticals 2021 - 2026|
|Published: April 26, 2021||Content info: 143 Pages||
This report evaluates the MEMS marketplace including ecosystem, players, products, and services. The report analyzes MEMS components and enabled devices, products, and applications in industry verticals. The report provides detailed forecasts of MEMS by function, device, application, and industry vertical. Forecasts provided are global, regional, and by country for the period 2021 to 2026.
Microelectromechanical Systems (MEMS), represent miniaturized mechanical and electro-mechanical elements (devices and structures) that are created using various microfabrication techniques. Mind Commerce sees sensors as one of the key areas for MEMS, particularly in certain emerging market opportunity areas such as virtual reality and many Internet of Things (IoT) use cases, devices and applications.
Sensors are used for detection of changes in the physical environment and/or logical relationship of one object to another(s) and/or the environment. Physical changes may include temperature, light, pressure, sound, and motion. Logical changes include the presence/absence of an electronically traceable entity, location, and/or activity. Within an IoT context, physical and logical changes are equally important, so MEMS/sensor systems will increasingly rely upon support from software.
The MEMS market is a fast-growing area within the electronics sector with certain high-growth sub-segments, such as industrial IoT, representing significantly higher growth. APAC will lead the global marketplace by revenue with 40% market share followed by North America with 30%. The other three regions of Europe, Latin America, and Middle East & Africa will hold 16%, 10%, and 4% of revenue respectively.