Australia Microelectromechanical Systems (MEMS) Market to Witness Healthy Growth Through 2025
Growing application of MEMS technology in consumer electronic
devices and healthcare to drive Australia Microelectromechanical Systems (MEMS)
market
According to
TechSci Research report, “Australia Microelectromechanical
Systems (MEMS) Market By Product Type (Inertial Sensors
(Magnetometer, Combo Sensor, Gyroscopes, Actuators, Accelerometers), Pressure
Sensors, Microphones, Bio-MEMS, Micro Fluidic Devices, Oscillators, Others), By
Manufacturing Methods (Bulk Micromachining, Surface Micromachining, High Aspect
Ratio (HAR) Silicon Micromachining), By Material (Silicon, Polymers, Metals,
Ceramics, Others), By Application (Consumer Electronics, Automotive,
Industrial, Aerospace & Defense, Healthcare, Telecommunication, Others), By
Region, Forecast & Opportunities, 2025”, the
market is expected to witness robust CAGR during the forecast period owing to
growing demand for MEMS sensors and actuators in various end user industries
including consumer electronics, automotive and telecommunication industry. Increasing
demand for wearable devices, tablets, and smart phones is also acting as a key
growth driver for this market. MEMS technology also finds great application in
portable devices like portable navigation devices, digital cameras, portable
media players and gaming consoles. Furthermore, Microelectromechanical Systems
(MEMS) are gaining high demand from healthcare sector due to technological
advancement in medical devices. They are
widely used in diagnostic and therapeutic devices, which is anticipated to
propel Australia Microelectromechanical Systems (MEMS) market growth in the
coming years.
Moreover, growing popularity of Internet of Things
(IoT) and launch of new MEMS-based sensors are acting as major growth drivers
for the market. Microelectromechanical Systems (MEMS) are also gaining robust
demand from automation industry owing to their small size, low power
consumption and high precision. Moreover, changing trends in semiconductor
industry and extensive R&D activities being conducted by manufacturers are
expected to further boost the growth of Australia Microelectromechanical
Systems (MEMS) market.
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Australia Microelectromechanical
Systems (MEMS) market is segmented based on product type, manufacturing method,
material, application and region. Based on product type, the market is
segmented into inertial sensors, pressure sensors, microphones, bio-mems, micro
fluidic devices, oscillators and others. Also, the inertial sensors segment is categorized
into magnetometer, combo sensor, gyroscopes, actuators and accelerometers.
Among them, the inertial combo sensors are expected to undergo fastest growth
in Australian market during the forecast period owing to their increasing usage
in automotive applications like electronic stability control (ESC) and
anti-lock braking system (ABS). They also find application in wearable devices
for location-based services.
Based on
application, Australia
Microelectromechanical Systems (MEMS) market is segmented into consumer
electronics, automotive, industrial, aerospace & defense, healthcare,
telecommunication and others. Among them, the healthcare segment is expected to
record highest growth through 2025 as manufacturers are developing innovative MEMS
sensors that can detect various biological and chemical effects. This will
allow their usage in medical sector to detect melanoma, or to detect gas
leakage.
Major players operating in the Australia
Microelectromechanical Systems (MEMS) market include Panasonic Australia Pty.
Ltd. , Honeywell Ltd. of Australia, Denso International Australia, Abbott
Laboratories Pty Ltd, Robert Bosch Australia Pty. Ltd. , Analog Devices
Australia Pty Ltd, GE Energy Measurement and Control Pty Ltd, Agilent
Technologies Australia Pty Ltd and Omron Industrial Automation Australia.
Leading companies are adopting organic growth strategies i.e., new product
launches to enhance their market share.
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“Microelectromechanical
Systems (MEMS) market is gaining significant boost in Australia, majorly from the
healthcare sector. Large investments and thriving medical sector are providing
high growth opportunities for manufacturers. The advancement in automotive and
industrial sector are further an add on advantage for this market.
Manufacturers are coming up with advanced sensors and actuators, which is expected
to drive the market growth until 2025,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Australia Microelectromechanical Systems
(MEMS) Market By Product Type (Inertial Sensors (Magnetometer, Combo Sensor,
Gyroscopes, Actuators, Accelerometers), Pressure Sensors, Microphones,
Bio-MEMS, Micro Fluidic Devices, Oscillators, Others), By Manufacturing Methods
(Bulk Micromachining, Surface Micromachining, High Aspect Ratio (HAR) Silicon
Micromachining), By Material (Silicon, Polymers, Metals, Ceramics, Others), By Application
(Consumer Electronics, Automotive, Industrial, Aerospace & Defense,
Healthcare, Telecommunication, Others), By Region, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of Australia Microelectromechanical Systems (MEMS) market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Australia Microelectromechanical Systems (MEMS)
market.
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