Global MEMS Market 2015-2019
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.
Covered in this Report
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:
TechNavio Announces the Publication of its Research Report – Global MEMS Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global MEMS Market: Analog Devices Inc., Denso Corp., Freescale Semiconductor Inc., InvenSense Inc., Knowles Corp., Robert Bosch GmbH and STMicroelectronics NV.
Other Prominent Vendors in the market are: AAC Technologies, Cavendish Kinetics, DelfMEMS, Delphi, Epson Toyocom, GoerTek, Infineon, Kionix (ROHM), Maxim Interated, Memsic, MEMtronics, Micrel, Murata, Radant, Sand9, Schneider Electric, Sensata, Silicon Labs, SiTime, Texas Instruments, Vectron and WiSpry
Commenting on the report, an analyst from TechNavio’s team said: “The increasing number of new applications in MEMS is one major trend upcoming in the market. Consumers are increasingly demanding smart devices such as fitness and health devices, smartwatches, and GPS-enabled devices, which have increased the demand for MEMS devices.”
According to the report, increased demand for MEMS pressure sensors in the automotive segment is one of the major growth drivers. The major applications of MEMS pressure sensors in the automotive segment are the monitoring of air pressure in engines, tire pressure systems, and transmission system pressure.
Further, the report states that intense competition among vendors is one of the major challenges and is forcing vendors to provide MEMS devices at low prices. This is directly affecting their respective revenues and the growth of the market.
Analog Devices, Denso, Freescale Semiconductor, InvenSense, Knowles, Robert Bosch , STMicroelectronics , AAC Technologies, Cavendish Kinetics, DelfMEMS, Delphi, Epson Toyocom, GoerTek, Infineon, Kionix (ROHM), Maxim Interated, Memsic, MEMtronics, Micrel,Murata, Radant, Sand9, Schneider Electric, Sensata, Silicon Labs, SiTime, Texas Instruments, Vectron, WiSpry
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