NEWARK, DE / ACCESSWIRE / May 21, 2023 / The global nanoelectromechanical systems market revenue was estimated at US$ 108.8 Billion in 2022. Over the next ten years, global nanoelectromechanical system sales are anticipated to soar at 21.8 % CAGR. By 2032, the total market value is expected to reach US$ 785 Billion.
Micromachining is projected to remain the most commonly used technology for making MEMS. As per the latest report from Future Market Insights (FMI), the micromachining segment is likely to exhibit a CAGR of 21.6% from 2022 to 2032.
Increasing defense spending and rising integration of NEMS in smartphones are projected to expand the nanoelectromechanical systems market.
Nanoelectromechanical systems (NEMS) are nanoscale devices that combine electrical and mechanical components. They can be utilized for a wide variety of applications, such as sensing, actuation, and signal processing. These systems typically consist of structures with diameters smaller than 100 nanometers.
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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.
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"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
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More Insights Available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the nanoelectromechanical systems market presenting historical data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.
The study reveals growth projection based on material type (graphene, carbon nanotubes, SiC, and SiO2), application (tools & equipment, sensing & control, and solid-state electronics), product type (nano-tweezers, nano-cantilevers, nano-switches, nano-accelerometers, and nano-fluidic modules), and fabrication technology (micromachining, silicon on insulator technology, LIGA - lithography electroplating and molding) across various regions.
Table of Content (ToC):
1. Executive Summary | Nanoelectromechanical Systems Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Billion) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material Type
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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