Global Nanoelectromechanical Systems (NEMS) Market Report, published by Variant Market Research, forecast that the global market is expected to reach $126.9 Million by 2024, growing at a CAGR of 27.7% from 2016 to 2024. Nanoelectromechanical systems (NEMS) are an advanced class of device which are comprised by integrating electrical & mechanical functionalities on the nanoscopic scale. Nano electromechanical systems (NEMS) are the nanoscale version of MEMS. These are electromechanical systems, much like MEMS, generally operated in their resonant modes with dimensions in the deep submicron. NEMS devices are expected to replace microelectromechanical systems (MEMS) though it is in the initial stage at present. They are having critical structural elements at the nanoscale, i.e., at or below 100 nm. In this size management, they come with tremendously high fundamental resonance frequencies, reduced active masses, and tolerable force constants.
"Nanoelectromechanical Systems Market (Nano Relay and Switches, BioNEMS, Nano Tweezers, Nanoactuators, Nano Sensors, Nanoresonators, Gyroscopes Nanoaccelerometers, Nanorobots; Graphene Based NEMS, Silicon Based NEMS, Silicon Carbide Based NEMS, Indium Arsenide Based NEMS, Gold and Platinum Based NEMS, Gallium Arsenide Based NEMS; Semiconductor Industry, Automotive, Monitoring and Detection, Industrial Process and Control, Communication, Medical Sector, Military & Defense; By Geography: North America, Europe, Asia-Pacific, RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"
Rising demand for monitoring and detection techniques drives the global NEMS market
The global nanoelectromechanical systems (NEMS) market is primarily driven by rising demand for precision microscopes and high functionality for electronic devices. Additionally, rising demand for monitoring and detection techniques, emphasis on miniaturization of devices to serve multi purposes are also expected to support the NEMS market trend. However, the costly mass production at present is the major hindrance in the NEMS market growth. Moreover, such as rapidly transforming communication industry, surging demand for BioNEMS is expected to bring numerous growth opportunities in the NEMS market forecast period.
Global Nanoelectromechanical Systems Market, by Application
The global NEMS market is majorly classified on the basis of product type, material, application, and geography. By product type, the segmentation comprises Nano relay & switches, BioNEMS, Nano tweezers, nanoactuators, nanosensors, nanoresonators, gyroscopes, nanoaccelerometers, nanorobots, and other product types. The classification by material includes graphene based NEMS, silicon based NEMS, silicon carbide based NEMS, indium arsenide based NEMS, gold and platinum based NEMS, gallium arsenide based NEMS and other materials. On the basis of application, the market is further divided into semiconductor industry, automotive, monitoring and detection, industrial process and control, communication, medical sector, military and defense, and other applications.
Nanaccelerometers dominated the product type segment
Nanoaccelerometers accounted for the major market share in 2016 and expected to continue this trend over the forecast period 2016 – 2024. Due to its high performance, and ultra-low-power operational modes that allow advanced power saving and smart embedded functions.
Silicon Based NEMS accounted the highest share in material segment
Silicon based NEMS dominated the material segment with major market share in NEMS market size in the year 2016, and is expected to endure its position during the forecast period 2016 – 2024.
Semiconductor Industry occupied the major market share in application segment
In 2016, semiconductor industry accounted for the largest market share, and is probable to dominate the market in application segment, driven by widely used electronics devices globally.
GLOBAL NANOELCTROMECHANICAL SYSTEMS MARKET SHARE BY GEOGRAPHY, 2016 (%)
North America dominated the major share in the global market
North America dominated the global NEMS market with 43.7% of the total market share, followed by Europe and Asia-Pacific in 2016, due to extensive R&D in military & defence, automotive, and medical sector.
The key players in the market include Agilent Technologies, Broadcom Corporation, Bruker Corporation, Materials And Electrochemical Research Corporation, Showa Denko K.K., Vistec Electron Beam GmbH, Graphene Frontiers, Analog Devices, Inc., Amprius, Inc., and Inframat Corporation among others.