Global Optical MEMS Market 2015-2019
Overview of the global optical MEMS market
With the growing trend of miniaturization of electronics devices and ICs, the market is observing an increase in the adoption of optical MEMS in devices. Technavio’s market research analysts predict the global optical MEMS market to grow at a CAGR of over 7% until 2019.
MEMS devices are used in smartphones, tablet PCs, automotive displays, digital cameras, thermal sensors, digital lithography, material detection, 3D printing, and spectroscopy. The market for these applications, especially consumer electronics, thermal sensors, and automotive applications, are likely to grow during the forecast period.
Global optical MEMS market segmentation by product
- Projection systems
- Other optical MEMS
The projection system accounted for the largest share of this market in 2014. As per the market forecast, the demand for long wavelength infrared (LWIR) spectral range microbolometers will continue to drive the application of MEMS in the defense sector over the next four years.
The other optical MEMS segment consists of microdisplays, micromirrors, optical MEMS switches, and optical MEMS sensors. This segment will find increasing application in data transmission over telecom networks in the future.
Global optical MEMS market by geography
The APAC region is expected to dominate the global MEMS market because of its strong manufacturing infrastructure. Products such as mobile devices, consumer electronic goods, and passenger cars manufactured here are witnessing increased demand for optical MEMS. India is likely to create demand for optical MEMS switches and optical MEMS sensors on account of projects such as digital India.
Competitive analysis of the optical MEMS market
- Analog Devices
- Texas Instruments
To improve their ROI, telecom service providers are trying to optimize the use of fiber networks by deploying dense wavelength division multiplexing (DWDM) technology. It is expected to buoy the demand for optical switches and optical sensors, employing optical MEMS. It presents an attractive market opportunity for the leading optical MEMS vendors during the forecast period.
Key questions answered in the report
- What are the key factors driving the global optical MEMS market?
- What are the key market trends impacting the growth of the global optical MEMS market?
- What are the various opportunities and threats faced by the vendors in the global optical MEMS market?
- Trending factors influencing the market shares for the global optical MEMS market?
- Market shares for APAC, EMEA, and Americas?
- Key outcome of the five forces analysis on the global optical MEMS market?
- Growth forecast of the global optical MEMS market?
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