Global Optical MEMS Market 2015-2019
About optical MEMS
Optical MEMS are used to enhance the capabilities of optical storage, optical imaging, and displays and improve optical communications of photonic devices. Apart from these applications, optical MEMS are also used in micro scanning applications. The global optical MEMS market is primarily driven by the telecommunication sector due to the high demand for bandwidth. As a result of the growing penetration of IoT, optical MEMS are required in datacenters to transfer and receive the information over dense wave-division multiplexing (DWDM) network.
Technavio predicts the global optical MEMS market to grow at a CAGR of 7.47% over the period 2014-2019.
Covered in this report
This report covers the present scenario and growth prospects of the global optical MEMS market during 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following optical MEMS products:
Projection system: It includes projection system used for displays, advance light controls, and automotive display solutions.
Microbolometers: It includes microbolometers used for thermal imaging applications such as surveillance, material detecting sensors, and medical sensing. Other optical MEMS: It includes products such as microdisplays, micromirrors, optical MEMS switches, and optical MEMS sensors used in smartphones, tablet PCs, and communications applications.
Technavio's report, the Global Optical MEMS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the global optical MEMS market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Optical MEMS Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Optical MEMS Market: Analog Devices, Freescale, STMicroelectronics and Texas Instruments
Commenting on the report, an analyst from Technavio’s team said: “Optical MEMS is increasingly being used in holographic displays, which project a 3D image without the help of projection screens, and are used in events, product launches, and conferences. Vendors are focusing on reducing the production cost for optical MEMS, which will increase their adoption in the consumer electronics market.”
According to the report, the optical MEMS market is primarily driven by the telecommunication segment, owing to a high demand for greater bandwidth. Due to an increasing penetration of the Internet of Things (IoT), optical MEMS are required in datacenters to transfer and receive information over dense wavelength-division multiplexing (DWDM) networks. The adoption of optical MEMS is also increasing in wearables and thermal imaging applications.
Further, the report states that the optical MEMS market faces a challenge due to high complexities in designing the wafers. The complex design and manufacturing process increases the time and cost of manufacturing. The packaging cost of optical MEMS is high because of the use of vacuum technology, which is required to improve the efficiency of optical MEMS such as micromirrors and microbolometers.
Analog Devices, Freescale, STMicroelectronics, Texas Instruments
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