Micro-Electro-Mechanical Systems (MEMS) Market Insights | Key players: Analog Devices, Inc., Texas Instruments Inc., Panasonic Corp. and STMicroelectronics N.V.
According to the new market research report " Micro-Electro-Mechanical Systems (MEMS) Market by Sensor Type (Inertial, Pressure, Microphone, Environmental, and Optical), Actuator Type (Optical, Inkjet Head, Microfluidics, and RF), Vertical, and Geography - Global Forecast to 2022" , the MEMS market is expected to be valued at USD 18.88 Billion by 2022, growing at a CAGR of 9.8% between 2017 and 2022. The major factors driving this growth of this market include the growing demand for smart consumer electronics and wearable devices and introduction of efficient, economical, and compact MEMS technology. Consumer electronics vertical is expected to hold the largest market share during the forecast period The MEMS market for consumer electronics is expected to hold the largest share between 2017 and 2022. This growth is attributed to the increasing usage of MEMS in electronics such as wearable devices; smartphones, tablets, and laptops; portable navigation devices; po...