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Technavio’s market research analysts have predicted that the global micro-electrical-mechanical- systems (MEMS) market will grow steadily during the predicted period and will post a CAGR of almost 12% by 2020. This industry research report identifies the increased use of MEMS in medical devices and telecommunication to be one of the major factors that will have a positive impact on the growth of this market in the coming years. MEMS pressure sensors are used in the blood pressure measuring devices, laparoscopic devices, and respiratory disorder diagnostic equipment and can enable medical personnel to accurately control, measure, and monitor the condition of patients. Also, the increasing adoption of smartphones, wearables, Internet of Things (IoT), and big data have resulted in the rise in demand for telecommunication bandwidth. This will increase the use of optical switching techniques, in turn, propelling market growth since optical MEMS are core elements in micromirrors, attenuators, and shutters.
In terms of geographical regions, APAC will dominate this industry throughout the predicted period and will also account for more than 58% of the total shares of the market by 2020. This mainly attributes to the presence of a number of semiconductor manufacturing companies and end-user markets such as the consumer electronics and automotive components in countries such as China, South Korea, and Taiwan. The availability of low-cost labor and raw materials result in reducing the cost of production, which will also boost the growth of the microelectromechanical systems market in this region in the next four years.
Characterized by the presence of several MEMS companies, ranging from large semiconductor companies to small pure-play players, that includes a number of international, regional, and local vendors, this market appears to be highly fragmented. Vendors mainly compete on the basis of several factors such as performance, innovation, product features, quality, low cost, selling price, distribution, and financial stability. An increase in product extensions, technological innovations, and M&A will intensify the competitive environment in this market in the next few years. To sustain the competition and to gain a considerable share of the market, it is important for MEMS manufacturers to distinguish their product and service offerings through a clear and unique value proposition. They also have the need to develop new technologies and keep ahead of emerging technologies that can have an impact on their products.
The leading vendors in the market are -
The other prominent vendors in the market are AAC Technologies, Delphi, GoerTek, Infineon, Maxim Integrated, Murata, Schneider Electric, Sensata Technologies, and Silicon Labs.
This market research and analysis estimates that the inertial combos segment accounted for more than 27% of the total market share and dominated the industry during 2015. Lower cost and better performance is the primary factor for the growth of this market segment. Inertial combos help integrate data from two different sensors and produce accurate results. The increasing need for sensory interfaces will also fuel the market’s growth prospects as it has resulted in the replacement of other MEMS devices such as discrete accelerometers and gyroscopes by inertial combos.
According to this market study, the consumer electronics segment will be the major revenue contributor to the market during the predicted period, and analysts estimate that this segment will account for more than 53% of the total share of the market by 2020. MEMS technology is used to enable display control, motion control, navigation, and gesture recognition features in devices such as smartphones, tablets, cameras, gaming consoles, and wearables. The increase in demand for smartphones and wearable devices will subsequently lead to the growth of this market segment in the next four years.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
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