The worldwide nanoelectromechanical systems market is expected to generate US$ 108.8 billion in sales by 2022. Global sales of nanoelectromechanical systems are expected to grow at a 21.8% CAGR over the next ten years. By 2032, the market value is estimated to reach $785 billion.
Micromachining is expected to be the most widely utilized technology for producing MEMS. According to a recent Future Market Insights (FMI) analysis, the micromachining industry is expected to grow at a CAGR of 21.6% between 2022 and 2032.
The nanoelectromechanical systems industry is expected to grow as defense spending rises and NEMS become more integrated into smartphones.
Nanoelectromechanical systems are employed in a variety of applications such as sensors and actuators. They are gaining wider popularity across industries such as healthcare, transportation, and consumer electronics.
NEMS sensors are used in various sensing applications. This includes temperature sensing, pressure sensing, and gas & chemical detection.
NEMS devices are employed in a variety of smartphone functionalities, including motion sensing and the gyroscope. NEMS components such as accelerometers and gyroscopes may gauge the smartphone’s orientation, acceleration, and rotation and give the operating system data to control the display and other features.
Because of their compact size, great sensitivity, and low power consumption, NEMS devices are being used in a range of defense applications. They have a variety of uses, including the creation of nanoscale weaponry as well as chemical and biological detection, and more.
Thanks to their ability to enhance the performance, efficiency, and safety of defense systems, NEMS devices are expected to play a key role in the defense industry. Hence, the expansion of defense sector will boost nanoelectromechanical system sales during the assessment period.
Key Takeaways:
- Global sales of nanoelectromechanical systems are expected to increase at 21.8% CAGR through 2032.
- By product type, the nano-tweezers segment is projected to exhibit a CAGR of 21.7%.
- By fabrication technology, the micromachining segment is likely to expand at 21.6% from 2022 to 2032.
- The United States nanoelectromechanical systems industry value is forecast to reach US$ 252.9 Billion by 2032.
- Nanoelectromechanical system demand in China is expected to rise at 23% CAGR through 2032.
- Japan’s NEMS market is poised to reach a valuation of US$ 56.8 Billion by 2032.
- Korea’s NEMS industry is likely to thrive at a CAGR of 22.3% between 2022 and 2032.
“Advancements in nanotechnology and increasing usage of NEMS in smartphones will boost the global nanoelectromechanical systems market during the assessment period. Manufacturers will find sizeable growth opportunities in creating products that are compact, energy-efficient and suited for application in the defense sector,” – says a lead analyst at Future Market Insights (FMI).
Who is Winning?
Bruker Corporation, Agilent Technologies, Amprius, Inc., Showa Denko K.K., Achilles Technology Solutions LLC, Nanocyl SA, Analog Devices, Inc., Vistec Electron Beam GmbH, Broadcom Corporation, Graphene Frontiers, and Inframat Corporation are few of the key nanoelectromechanical system manufacturers profiled in the report.
Key companies are continuously introducing novel solutions to expand their portfolios. They are also focusing on mergers & acquisitions to strengthen their positions.
For instance,
- In 2020, Cypress Semiconductor Corporation was acquired by Infineon Technologies AG The acquisition will help the company to expand its product portfolio.
Market Segmentation:
By Material Type:
- Graphene
- Carbon Nanotubes
- SiC
- SiO2
By Application:
- Tools & Equipment Application
- Sensing & Control Applications
- Solid State Electronics
By Product Type:
- Nano-Tweezers
- Nano-Cantilevers
- Nano-Switches
- Nano-Accelerometers
- Nano-Fluidic Modules
By Fabrication Technology:
- Micromachining
- Silicon on Insulator Technology – SOI
- LIGA – Lithography Electroplating and Molding
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Get an overview of market drivers and challenges affecting this industry: https://www.futuremarketinsights.com/reports/sample/rep-gb-17151
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
