Overview:
A Micro Electro Mechanical Systems is a manufacturing technology of small devices and it is the combination of the mechanical elements, sensors, electronics and actuators on a substrate through micro technology. It is used to produce a system of miniature dimensions. MEMS are used in different applications such as optical networks, sensor systems and display technologies, etc. MEMS can also be found in pressure sensors, flow sensors, deformable mirror devices, inkjet printers, gas sensors, micro motors, accelerometers, micro gears, and lab-on-a-chip systems. These products are all fabricated in high-profitable volumes. A MEMS sensor is usually assembled by similar etching or masking process as microchips. A common MEMS sensor is an accelerometer to measure acceleration.
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Healthcare segment is estimated to hold high growth potential. The MEMS technology is used in medical research, diagnostic application, and in medical devices such as endoscopic pills and insulin micro pumps. Government initiatives, rising healthcare expenditure, and technological advancements are estimated to boost healthcare segment over the forecast period. Increasing preference of consumer towards home medical monitoring in order to reduce hospital cost and penetration of health monitoring wearable devices is estimated to trigger the use of the technology and open new paths for the industry players.
The major growth driver of MEMS & Sensors Market includes growing demand for security in automobile industries, growing consumer electronics market, and innovative government regulations for energy efficient applications among others. However, functional and operational issues are one of the major factors which are hindering the growth of MEMS & Sensors Market.
Segmentation:
The MEMS & Sensors Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by materials: Comprises Silicon, polymers, metals and ceramics among others..
Segmentation by component: Sensors (Pressure sensors, humidity sensors, temperature sensors, accelerometers) and Actuators (optical, microfluidics, Inkjet head) among others.
Segmentation by application: Comprises consumer electronics, healthcare, industrial, aerospace & Defense, and automotive among others.
Regional Analysis:
In terms of different geographic region, Asia Pacific region holds the maximum share in the market in 2016 and is expected to grow at rapid rate through the forecast period. Asia Pacific is a major market for consumer electronics, automotive, and industrial verticals. Moreover, Asia Pacific has become a global central point for large investments and business expansion opportunities. North America holds the second largest place in terms of market share in the global MEMS and sensors market. Due to the presence of sensor manufacturing companies, the growing home automation, and the adoption of evolving technologies makes North America to hold its share in the global competition.
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