The microelectromechanical systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Microelectromechanical Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The microelectromechanical systems market size has grown rapidly in recent years. It will grow from $17.91 billion in 2023 to $20.39 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to miniaturization demand, consumer electronics growth, automotive safety, healthcare diagnostics, environmental monitoring.
The microelectromechanical systems market size is expected to see rapid growth in the next few years. It will grow to $32.93 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to autonomous vehicles, precision agriculture, aerospace and defense, biomedical implants, energy harvesting. Major trends in the forecast period include advancements in nanotechnology, 5g and beyond, smart cities, edge computing, healthcare wearables.
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Scope Of Microelectromechanical Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Microelectromechanical Systems Market Overview
Market Drivers –
The increasing need for device miniaturization in various electronic devices is expected to propel the growth of the microelectromechanical systems market. Miniaturization in electronic devices includes fitting more transistor nodes on a smaller integrated circuit (IC). The usage of miniature devices is rising due to a decline in average selling prices (ASPs), low cost, less space consumption, and high accuracy. Wearable technology has increased the demand for miniaturized components. These devices can be soldered directly on the circuit boards with decreased cost of technology. For instance, in December 2021, according to Deloitte Touche Tohmatsu Limited, a UK-based consulting company, there were 320 million consumer health and wellness wearable devices in 2022, and it is estimated that this will increase to nearly 440 million by 2024. Therefore, the need for device miniaturization is driving the growth of the microelectromechanical systems market.
The microelectromechanical systems market covered in this report is segmented –
1) By Type: Sensors, Actuators
2) By Application: Consumer Electronics, Automotive, Industrial, Aerospace And Defense, Healthcare, Telecommunication, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the microelectromechanical systems market in 2023. The regions covered in the microelectromechanical systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the microelectromechanical systems market include STMicroelectronics Pvt. Ltd., Hewlett Packard Enterprise Ltd., Texas Instruments Incorporated, Bosch Limited, Robert Bosch GmbH, Analog Devices Inc., NXP Semiconductors N.V., Panasonic Corp., Tyco Electronics Ltd., Broadcom Inc., Honeywell International Inc., Knowles Corp. LLC, Infineon Technologies AG, GoerTek Inc., TDK Corporation, Qorvo Inc., Murata Manufacturing Co. Ltd., Sensirion AG, InvenSense Inc., AAC Technologies Holdings Inc., Silicon Laboratories Inc., Omron Corporation, MEMSIC Inc., Knowles Corporation, Vesper Technologies Inc., Tronics Microsystems SA, X-FAB Silicon Foundries SE, SiTime Corporation, MEMSensing Microsystems SA, mCube Inc.
Table of Contents
1. Executive Summary
2. Microelectromechanical Systems Market Characteristics
3. Microelectromechanical Systems Market Trends And Strategies
4. Microelectromechanical Systems Market – Macro Economic Scenario
5. Global Microelectromechanical Systems Market Size and Growth
…..
32. Global Microelectromechanical Systems Market Competitive Benchmarking
33. Global Microelectromechanical Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Microelectromechanical Systems Market
35. Microelectromechanical Systems Market Future Outlook and Potential Analysis
36. Appendix
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