MEMS are key components in a wide variety of systems, solutions and applications across virtually every industry vertical. Leading micro-electronics suppliers, such as STMicroelectronics, provide various MEMS solutions such as smart sensors and sensor hubs, UV index sensors, temperature sensors and touch sensors. High growth areas for MEMS include a few emerging high-tech segments such as Virtual Reality and many Internet of Things (IoT) related areas such as Connected Vehicles, UAVs, and more. This research evaluates the MEMS marketplace including ecosystem, players, products, and services. The report provides detailed forecasts of MEMS by function, device, application, and industry vertical. These forecasts are global, regional, and by country for the period 2017 to 2022.
This report provides an overview of the global market for microelectromechanical systems (MEMS), which consist of sensing devices that integrate mechanical elements, sensors, actuators, and electronics on a common silicon substrate, and typically have dimensions in the 1-micron to 100-micron range; as well as biosensors and nanosensors. The global market for microsensors reached nearly $9.9 billion in 2014 and totaled almost $10.9 billion in 2015. The market should reach more than $18.9 billion in 2020, a compound annual growth rate (CAGR) of 11.7% between 2015 and 2020.
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