India Microelectromechanical
Systems (MEMS) market is anticipated to witness significant CAGR during the
forecast period on account of thriving healthcare, automation and consumer
electronics industry. The country is witnessing increasing adoption of consumer
electronic devices like wearable devices, tablets, and smart phones, which
require MEMS technology. Moreover, growing penetration of Internet of Things
(IoT) and high usage of MEMS technology in medical devices like respiratory
disorder diagnostic equipment and laparoscopic devices are some key factors
propelling the growth of India Microelectromechanical
Systems (MEMS) market. Also, with increasing adoption of MEMS
technology in automotive vertical for vehicle security and airbag systems, the
market is poised to grow further in the coming years.
Microelectromechanical Systems
(MEMS) technologies poses the ability to communicate easily
with semiconductor chips. This is
why, there is a shift in focus of electronics industry from
traditional sensors to MEMS technology. Additionally, this technology is also
finding increasing application in sensor manufacturing owing to their low power
consumption, high precision and small size. Manufacturers are introducing new
MEMS-based sensors for various applications to increase their market share in
India.
India Microelectromechanical
Systems (MEMS) market can be segmented based on product type,
material, application, and region. Based on application, the market is
segmented into consumer electronics, automotive, industrial, aerospace &
defense, healthcare, telecommunication and others. Among them, the inertial
combo sensors are anticipated to possess high demand during the forecast period
owing to their growing demand from automotive sector. They are highly used in
devices like accelerometer, gyroscope and magnetometer.
Major companies operating in India
Microelectromechanical Systems (MEMS) market include Panasonic India Pvt Ltd,
Honeywell International India Pvt Ltd, GE India Industrial Pvt Ltd,
STMicroelectronics Pvt Ltd, Analog Devices India Pvt Ltd, Murata Electronics
(India) Ltd., NXP Semiconductors India Private Limited, Denso India Ltd., Bosch
Limited and Panasonic India Private Limited., among others. Leading market
players are undertaking growth strategies like expansion of product portfolio
and mergers & acquisitions.
Years
considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the Study:
- To analyze and forecast the market size of India Microelectromechanical
Systems (MEMS) market.
- To forecast India Microelectromechanical Systems (MEMS) market based
on product
type, material, application, company
and regional distribution.
- To identify drivers and challenges for India Microelectromechanical
Systems (MEMS) market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions etc. in India Microelectromechanical
Systems (MEMS) market.
- To identify and analyze the profile of leading players operating in
the India Microelectromechanical Systems (MEMS) market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of Microelectromechanical System (MEMS) manufacturing companies
across India. Subsequently, TechSci Research conducted primary research surveys
with the identified companies. While interviewing, the respondents were also
enquired about their competitors. Through this technique, TechSci Research
could include the companies which could not be identified due to the
limitations of secondary research.
TechSci
Research calculated India Microelectromechanical Systems (MEMS) market size
using a bottom-up approach, where data for various end user industries and its
application across various product types were recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target
Audience:
- Microelectromechanical Systems (MEMS) manufacturers/companies/partners and other
stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, industry associations, forums
and alliances related to Microelectromechanical Systems (MEMS)
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as Microelectromechanical
Systems (MEMS) manufacturing companies,
end users etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
Report Scope:
In this report, India Microelectromechanical Systems (MEMS) market has
been segmented into following categories, in addition to the industry trends which
have also been detailed below:
- India Microelectromechanical Systems (MEMS) Market,
By Product Type:
- Sensors
- Inertial Sensor
- Accelerometers
- Magnetometers
- Gyroscope
- Combo Sensor
- Pressure Sensor
- Microphone
- Optical Sensor
- Actuators
- Optical
- Microfluidics
- Piezoelectric
- Others
- India Microelectromechanical Systems (MEMS) Market, By Material:
- Silicon
- Polymers
- Metals
- Ceramics
- India Microelectromechanical Systems (MEMS) Market, By Application:
- Consumer Electronics
- Automotive
- Industrial
- Aerospace & Defense
- Healthcare
- Telecommunication
- Others
- India
Microelectromechanical Systems (MEMS) Market, By
Region:
- North India
- South India
- East India
- West India
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in India Microelectromechanical Systems (MEMS) market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of
direct and indirect sales channel.
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