Global Nanoelectromechanical Systems (NEMS) Market is Estimated to Reach $127 Million by 2024, Says Accurize Market Research
Global nanoelectromechanical systems (NEMS) market report published by Accurize Market Research forecast that the global market is expected to reach $127 Million by 2024; growing at a CAGR of 27.6% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Higher functionality for electronic devices and growing demand for precision microscope globally, drives the market
Rising demand for precision microscopes and rising demand for monitoring and detection techniquesfuels the demand for the global nanoelectromechanical systems (NEMS) market. Moreover,higher functionality for electronic devicesalso boosts the growth of the market.
The global nanoelectromechanical systems (NEMS) market has been bifurcated on the basis of product type, material, application, and geography. By product type, the report covers nano relay and switches, BioNEMS, nano tweezers, nanoactuators, nano sensors, nanoresonators, gyroscopes, nanoaccelerometers, nanorobots, and other product types. Further by material, the report covers graphene based NEMS, silicon based NEMS, silicon carbide based NEMS, indium arsenide based NEMS, gold and platinum based NEMS, gallium arsenide based NEMS and other materials. By application the segments covered in the report are semiconductor industry, automotive, monitoring and detection, industrial process and control, communication, medical sector, military and defense, and other applications.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America, wherein Europe covers U.K, Germany, France, Russia, Spain, Italy, and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea, Australia, Singapore, and Rest of Asia-Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.
“Nanaccelerometers accounted for the largest market share in the product type segment", says Accurize
By product type segment, nanoaccelerometers accounted for the major market share in 2017 and are expected to continue this trend over the forecast period 2017 – 2025. Due to its high performance and ultra-low-power operational modes that allow advanced power saving and smart embedded functions.
“Silicon Based NEMS accounted the highest share in the material segment", says Accurize
By material segment, silicon based NEMS dominated the material segment with major market share in NEMS market size in the year 2017, and is projected to endure its position during the forecast period 2017 – 2025.
Semiconductor industry accounted for the largest market share, and is likely to dominate the market in application segment, driven by broadly used electronics devices globally.
“North America dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, North America lead the global NEMS market with 43.7% of the total market share, followed by Europe and Asia-Pacificdue to extensive R&D in military &defense, automotive, and medical sector.
Top players in the market
The key market players include Bruker Corporation, Showa Denko K.K., Materials And Electrochemical Research Corporation, Vistec Electron Beam GmbH, Graphene Frontiers, Amprius, Inc., Broadcom Corporation, Agilent Technologies, Analog Devices, Inc., and Inframat Corporation, among others.
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