Microelectromechanical Systems (MEMS) Market to be Dominated by increased used in semiconductors Through 2028
Increasing adoption of automation in industries and homes are
driving the implementation of the Microelectromechanical Systems market across the globe.
According to
TechSci Research report, “Microelectromechanical Systems (MEMS) Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028F” Microelectromechanical
Systems Market is expected to grow at a robust rate in the forecast period.
MEMS are electrical circuits that control and drive the movements of
micro-scale mechanical components, such as sensors and actuators, in microelectromechanical
systems’ devices. They are designed to provide the necessary power and control
signals to these micro-mechanical systems, allowing them to perform their
intended functions, such as sensing acceleration, pressure, or temperature, or
generating physical movements or vibrations.
MEMS drivers typically
consist of several key components, such as amplifiers, power supplies, control
circuits, and communication interfaces. They must be carefully designed and
optimized to provide the right combination of power, speed, accuracy, and
stability to the Microelectromechanical Systems device, while also meeting
strict requirements for power consumption, reliability, and cost.
In many applications, MEMS
drivers must also interface with other electronic components and systems, such
as microcontrollers, data converters, and communication networks, to provide
the desired functionality and performance. This often requires the use of
specialized software and firmware to manage the interactions between the
different components and ensure that the system operates as intended.
Overall, microelectromechanical
systems’ drivers play a critical role in enabling the functionality and
performance of Microelectromechanical Systems devices and consumer electronics,
and their design and implementation is an important aspect of the development
and manufacturing of these devices.
Moreover, the growing
popularity of advanced consumer electronics is driven by rising consumer demand
for convenient and user-friendly devices. With busy and hectic lifestyles,
consumers are looking for products that can simplify and enhance their daily
lives, and advanced consumer electronics are delivering on that demand. For
example, the widespread adoption of smart home technology has made it possible
for consumers to control lighting, heating, and other aspects.
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The Global
Microelectromechanical Systems Market is segmented based on product type,
material, application, region and competitive landscape. Based on product type,
the market is segmented into sensors, and actuators. Among them, the sensors
segment is expected to undergo fastest growth through 2028 owing to rapid usage
of inertial sensors including accelerometer, magnetometer, inertial combo
sensor, gyroscope in automotive vertical.
Based on application, the Global
Microelectromechanical Systems Market is categorized into consumer electronics,
automotive, industrial, aerospace & defense, healthcare, telecommunication,
and others. Among them, the consumer electronics application accounted for
largest market share in 2022 and is further expected to undergo fastest growth
through 2028 owing to increasing usage of microelectromechanical systems in
electronics devices such as smartphones, tablets, and laptops.
Key market players in the global microelectromechanical systems market
include:
- Panasonic Corporation
- STMicroelectronics N.V.
- Texas Instruments
- Analog Devices Inc.
- Broadcom
- Denso Corporation
- NXP Semiconductors
- Knowles Corporation
- Asahi Kasei Microdevices Corporation
(AKM)
- Taiwan Semiconductor
Manufacturing Co. Ltd.
- TE Connectivity Corp.
- Sensata Technologies, Inc.
- Honeywell International, Inc.
- Murata Manufacturing Company
Ltd.
- Robert Bosch GmbH
Investments in R&D allow Microelectromechanical
Systems companies to improve existing products and develop new ones that meet
the changing needs of the market. This helps them to stay ahead of the
competition and maintain a strong position in the market.
- Knowles Electronics LLC
announced the availability of the KN2 true wireless stereo (TWS) for the best
music listening experience in September 2022. KN2 includes a comprehensive set
of TWS features. Qualcomm QCC5144 BT SoC with aptX Adaptive and aptX codec for
low-latency HD audio that is robust and has a low bit rate are among the
product's features. Earbuds with multiple SiSonic Microelectromechanical
Systems microphones are also included in the products, allowing voice call
algorithms for improved noise-canceling performance.
- In June 2022,
STMicroelectronics announced its newest FlightSense Time-of-Flight (ToF)
ranging sensor for smartphone camera management and augmented/virtual reality.
The sensor is ideal for consumer electronics, AR and VR.
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“Asia-Pacific is the leading
market for microelectromechanical systems (Microelectromechanical Systems) as
the region is undergoing rapid industrial development. Countries such as Japan,
South Korea, etc., are acting as a lucrative market owing to increasing
miniaturization and communication capabilities in automobiles sector. Also,
various government initiatives in developing economies such as China to provide
financial aid to its local semiconductor industry is supporting the growth of
Microelectromechanical Systems (Microelectromechanical Systems) market,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Microelectromechanical Systems (Microelectromechanical Systems)
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028, Segmented By Product Type (Sensors,
and Actuators), By Material (Silicon, Polymers, Metals, Ceramics), By Application (Consumer
Electronics, Automotive, Industrial, Aerospace & Defense, Healthcare,
Telecommunication, Others), By Region,” has
evaluated the future growth potential of Global Microelectromechanical Systems Market and provides statistics and information on
market structure, size, share, and future 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 the global Microelectromechanical
Systems market.
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