Global Nanoelectromechanical Systems Market to register USD 102.03 Million growth by 2022
Zion Market Research, the market research group announced the analysis report titled ‘Nanoelectromechanical Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
The study concludes that the global Nanoelectromechanical Systems Market is expected to grow at a CAGR of 28.05% between 2017 and 2022. The market revenue of $23.20 million in 2016, is expected to reach $102.03 million by end of 2022. The main drivers for the growth of the market increase in numbers of women working outside the home.
Nanoelectromechanical systems are made up of electromechanical devices that have critical dimensions from hundreds to a few nanometers. The nanoelectromechanical system’s market is mainly driven by increasing adoption of this technology in consumer electronic devices such as wearable devices, tablets, and smartphones. Technological advancements and increased funding in the field of nanotechnology is expected to fuel the NEMSmarket in the near future. However, the lack of mass manufacturing techniques for NEMS-based devices and the high price of nanoscale components may pose the challenge to the market growth in the near future. Moreover, the growing commodity trade in BRICS nations is projected to open new growth opportunities for nanoelectromechanical systems in the years to come.
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Based on product type segments, nanoelectromechanical systems market has been segmented into graphene nanotubes, nanowires, nanofilms, and nanobelts. Carbon nanotubes are made from carbon, similar to graphite found in pencils. They are also good conductors of electricity and heat and have a very large surface area.Various application segments of nanoelectromechanical systems market include automotive, consumer electronics, industrial, healthcare, and others. In terms of revenue, consumer electronics was leading segment in NEMS market and it accounted for over 40.5% market share of the total market in 2016. Industrial and healthcare segments are also expected to grow at a considerable rate in the years to come.
Browse the full “Nanoelectromechanical Systems Market (Nanotubes, Nanowires, Nanofilms, Nanobelts, and Others) for Automotive, Consumer Electronics, Industrial, Healthcare and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2022” report at https://www.zionmarketresearch.com/report/nanoelectromechanical-systems-market
North America acquired the majority share of nanoelectromechanical systems market in 2016. North America closely followed by Asia Pacific and Europe in terms of demand for nanoelectromechanical systems.Asia-Pacific was one of the dominating regions in this market and accounted for significant share of the overall market.In terms of revenue, Asia Pacific was predicted to be the fastest-growing region in the next few years. Europe is expected to grow at a moderate rate owing to the continued globalization of microelectronics industry.
Some of the key players in nanoelectromechanical systems market include Robert Bosch, STMicroelectronics, California Institute of Technology, Sun Innovation Inc, Agilent Technologies Inc., Bruker Corporation, Asylum Research Corporation, Middle EastSan Diego State University, and Texas Instruments.
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