Global Nanoelectromechanical Systems Market size is projected to be valued $127 Million by 2024; with a CAGR of 27.6% from 2017 to 2025. Nanoelectromechanical Systems (NEMS) are expected to replace microelectromechanical Systems (MEMS) though in the infancy stage at present. The tremendous growth of the NEMS market is primarily due to some of the major factors influencing the swift growth of the market. Few primary factors include rising demand for monitoring, an emphasis on miniaturization of devices to serve multiple purposes, and reviving the automotive industry with changing standardizations.
Higher functionality for electronic devices and rising demand for precision microscopes are some of the major driving factors of the market. For example, a key application of NEMS is atomic force microscope (AFM) tips. NEMS is expected to find its major applications across semiconductor industry. One of the major restraints of the market is its mass production as the methods available for mass production is costly at present. However, NEMS is expected to play a vital role in the communication technology in the coming years.
The scope of the market covers segments namely by 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. Wherein 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.
North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major geographical segments of global NEMS market. 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.
The key players in the market include Materials And Electrochemical Research Corporation, Vistec Electron Beam GmbH, Graphene Frontiers, Amprius, Inc., Broadcom Corporation, Agilent Technologies, Bruker Corporation, Showa Denko K.K., Analog Devices, Inc., and Inframat Corporation, among others.
The report covers
Scope of the Global Nanoelectromechanical Systems Market
Product Type Segments