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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.
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.
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.
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.
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This is preliminary content. The table of contents is subject to change.
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: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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