The North America Microelectromechanical Systems (MEMS) Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).
MEMS is the primary technology that makes advancements in industries like transportation, communications, and healthcare possible. The major benefit of MEMS is their simplicity in communicating with semiconductor chips, and as a result, their acceptance is steadily rising in almost all industrial sectors.
One of the key drivers of the MEMS market's expansion is the rise in the number of consumer electronics devices. As more cell phone and tablet makers use MEMS to provide features like auto-focus, tiny speakers, touchscreens, and accelerometers, the development of the MEMS industry is likewise growing.
MEMS are devices that integrate mechanical and electrical components. They are mechanical devices like sensors, valves, and actuators that are built onto semiconductor chips. Numerous consumer electronics and communications sectors are being compelled to embrace MEMS technology due to its numerous benefits, including tiny size and mass, low power consumption, and cost-effectiveness.
Intelligent cars and the automotive sector both employ MEMS sensors. The automobile sector is anticipated to be the main focus of MEMS sensor research. It is often utilized in adaptive navigation systems as well as engine e(ABS), electronic stability program (ESP), electric hand brake (EPB), electronic control suspension (ECS), slope starter auxiliary (HAS), tire pressure monitoring (EPMS), and automobile engine stabilization. Because of this, the MEMS Marker market in North America is expanding due to the excessive use of MEMS sensors in the automobile sector.
The US market dominated the North America Microelectromechanical Systems (MEMS) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $27,799.4 million by 2028.The Canada market is poised to grow at a CAGR of 10.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Microelectromechanical Systems (MEMS) Market is Estimated to reach $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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