The Europe Microelectromechanical Systems (MEMS) Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
One of the key drivers of MEMS market development is the expanding use of MEMS technology in the automotive industry for airbag systems and vehicle security systems. When these miniature sensors, actuators, and structures can be combined onto a single silicon substrate with integrated circuits, the true promise of MEMS begins to be realized (i.e., microelectronics).
While the micromechanical components are made using compatible "micromachining" processes that selectively etch away portions of the silicon wafer or add the latest structural layers to form the mechanical and electromechanical devices, the electronics are made utilizing integrated circuit (IC) process sequences (e.g., CMOS, Bipolar, or BICMOS processes).
It is much more intriguing if MEMS can be combined with other technologies, like photonics, nanotechnology, etc., in addition to microelectronics. This is referred to as "heterogeneous integration" at times. These technologies undoubtedly provide a wide range of commercial industry potential.
Due to significant technological advancements in the semiconductor and communications industries, the microelectromechanical systems (MEMS) sensor is anticipated to see considerable development. MEMS sensors have recently emerged as a fundamental component of a variety of brand-new gadget classes, including smartwatches, fitness trackers, virtual reality (VR) glasses, and smart sensor nodes for the Internet of Things (IoT). MEMS sensors have evolved, resulting in size reduction, which has improved their compactness, efficiency, cost-effectiveness, and compatibility. Additionally, the MEMS Market in Europe is showing real development because to expanding application areas in biotechnology, smart cities, smart grids, smart stadiums, and linked autos.
The Germany market dominated the Europe Microelectromechanical Systems (MEMS) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,469 million by 2028.The UK market is anticipated to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9% during (2022 - 2028).
Based on Type, the market is segmented into Sensors and Actuators. Based on Sensors Type, the market is segmented into Inertial Sensors, Environmental Sensors, Optical Sensors, Pressure Sensors and Ultrasonic Sensors. Based on Actuators Type, the market is segmented into Optical MEMS, RF MEMS, Microfluidics and Others. Based on End User, the market is segmented into Consumer Electronics, Industrial, Automotive, Healthcare, Telecommunication, Aerospace & Defense and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Microelectromechanical Systems (MEMS) Market will Hit $131.8 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Broadcom, Inc., HP Development Company, L.P., NXP Semiconductors N.V., Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics N.V., Texas Instruments, Inc., IBM Corporation, and Canon, Inc.
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