PUBLISHER: Mind Commerce | PRODUCT CODE: 1217699
PUBLISHER: Mind Commerce | PRODUCT CODE: 1217699
This report evaluates the MEMS marketplace including its 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 2023 to 2028.
Microelectromechanical Systems (MEMS), represent miniaturized mechanical and electro-mechanical elements (devices and structures) that are created using various microfabrication techniques. One of the key areas for MEMS is sensors, particularly in certain emerging market opportunity areas such as virtual reality and many IoT use cases, devices and applications.
Sensors are used for the 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.
It is important to recognize that leading experts often compare and contrast those devices/systems that provide sensor-effector type micro-computing vs. micro-devices containing gears, mirrors, valves, and other parts, which are frequently referred to as "MEMS" and "Micro-Machines" respectively. An Embedded system is a computer system with a dedicated function within a larger mechanical or electrical system.
In contrast, MEMS are made by various fabrication processes. These generally consist of a microprocessor and several other components that interact with the surroundings. Involves moving mechanical parts integrated with electronics within ICs. MEMS are application specific circuits such as accelerometers, gyroscopes, microphones, etc.
Whereas microelectronic integrated circuits act as the brains for systems, MEMS support microsystems in terms of providing the ability to sense and control the environment. MEMS elements are many and varied such as mechanical components (levers, springs, deformable membranes, vibrating structures, etc.) and electrical components (resistors, capacitors, inductors, etc.). These components comprise MEMS that provide various functions.
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 a 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.
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