TechNavio today launched its report Global MEMS Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The increasing demand for sophisticated functionalities in various electronic devices has led to various technological advances in the manufacture of microelectromechanical systems (MEMS). Technological advances in MEMS are in terms of providing high-quality output for customers. The rate of change and technological advancement in the Global MEMS market is very fast. This trend is leading toward the development of highly advanced sensor products that have a high level of sensitivity. Technological advancements in the manufacture of MEMS are required in order to meet the demands of the various customers of MEMS products. Almost every electronic device today undergoes continuous upgrades. With the upgrades, the electronic components required for these devices also need to be upgraded. As a result, there is a continual drive toward technological advancements in MEMS technology.”
According to the report, the Consumer Electronics segment has been recording strong growth in terms of adoption of MEMS devices. MEMS are widely used in various consumer electronics devices such as digital cameras, gaming devices, music players and many more. In digital cameras, MEMS gyroscopes are used for the function of image stabilization and they have attained considerable penetration rates in digital cameras and camcorders. In addition to this, various other MEMS devices are used in different consumer electronics devices, which is the major driving factor for the Global MEMS market.
Further, the report also discusses that the lack of product differentiation in the Global MEMS market is one of the major challenges affecting the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/pGkMo
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Report – Global MEMS Market 2011-2015
