Global MEMS Market for Consumer Electronics 2015-2019
MEMS comprises several nanoelectromechanical components embedded in semiconductor chips. It includes micro-circuits on which small sensors and other components are placed. MEMS devices are increasingly being adopted across sectors because of their high efficiency and low cost. MEMS technology has huge potential and has found application in several sectors such as automotive, consumer electronics, aerospace and defense, healthcare, and industrial among others.
MEMS devices are used in various consumer electronics such as cell phones, tablets, laptops, and gaming consoles as they fulfil stringent cost and power requirements for a number of functionalities such as GPS, audio, video, motion sensing, gesture recognition, and navigation.
Technavio's analysts forecast the revenue of the global MEMS market for consumer electronics to grow at a CAGR of 10.7% in terms of revenue during the period 2014-2019.
Covered in this Report
This report covers the present scenario and growth prospects of the global MEMS market for consumer electronics during the period 2015-2019. To calculate the market size, the report considers revenue generated from the shipments of MEMS across the following segments:
Technavio Announces the Publication of its Research Report – Global MEMS Market for Consumer Electronics 2015-2019
Technavio recognizes the following companies as the key players in the Global MEMS Market for Consumer Electronics: AKM Corp., Analog Devices Inc., Bosch Sensortec GmbH, Freescale Semiconductor Inc., InvenSense Inc. and STMicroelectronics
Other Prominent Vendors in the market are: Kionix, Omron and Texas Instruments.
Commenting on the report, an analyst from Technavio’s team said: “The adoption of smart lifestyle wearable devices such as smartwatches, Google Glass, and smart gaming devices has been increasing in the past two years. Consumers in the developed countries are purchasing wearable devices to enhance their lifestyle. For instance, Google Glass is used to perform multiple tasks such as navigation, obtaining information, video recording, social networking, and finding places and friends in the vicinity.”
According to the report, the growing market for smartphones and tablets is propelling the demand for integrated MEMS devices. The functionalities of smartphones and tablets, from gesture recognition to navigation, are being enabled by MEMS. This enables the consumer electronics vendors to integrate MEMS into their end products on a cost-effective and compatible platform.
Further, the report states that factors such as dependency on end products adversely affect the market growth. The dependency of MEMS on the growth and development of the end product market hinders the margins for channel partners and leads to fluctuating profits. Therefore, the vendors can lose market share and customers to their competitors.
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