Nanoelectromechanical Systems Industry, Overview, Competitors Strategy, Regional Analysis and Growth Foresight
Nanoelectromechanical systems (NEMS) are an integration of
components on a silicon substrate at a nanoscale. The components are
electronics, sensors, actuators, and mechanical elements. Miniaturization of
consumer electronic components is key in driving the manufacture of NEMS. Market
Research Future’s report on the global nanoelectromechanical systems market
provides a comprehensive outlook on the industry for the period of 2019 to 2024
(forecast period) while considering the drivers, challenges, opportunities, and
trends during the COVID-19 pandemic.
Market Scope
The global nanoelectromechanical
systems market is expected to grow from USD 32.14 million in 2018 to USD 141.51
million by 2024. It can exhibit a CAGR of 28.1% during the forecast period.
Investments in life sciences and technology are estimated to drive overall
market demand significantly. Emphasis on precision in microscopes for
accelerating research is a prime example. In 2019, Swerim AB invested close to
USD 1 million for upgrading its high-resolution scanning electron microscope.
Huge demand for nano surgical tools for diagnostics and surgery can bode well
for the market. They can overcome challenges of inefficiencies of existing
medical equipment and high maintenance costs.
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The COVID-19 pandemic has
disrupted supply chains globally and the commencement of lockdowns for curbing
the virus can negatively impact market demand. The gradual resumption of
production and use of remote working policies for ensuring uninterrupted
services can bode well for the market.
But high prices of
nano-components can restrict the market growth.
Segmentation
By product type, the
market has been segmented into nano-cantilevers, nano-accelerometers,
nano-switches, nano-fluidic modules, and nano-tweezers. Nano-tweezers are
expected to gain the maximum share of the market owing to the product derived
from noble elements.
By material type, the
market has been segmented into SiC, SiO2, graphene, carbon nanotubes, and
others. Carbon nanotubes are expected to gain the lead in the global
nanoelectromechanical systems owing to earning the distinction of being the
smallest NEMS.
By application, the market
has been segmented into sensing & control applications, tools &
equipment application, and solid state electronics. Sensing & control
applications segment has been further segmented into automotive medical and
industrial process control. Solid state electronics segment has been
sub-segmented into random access memory application and wireless communication
application. Tools & equipment application segment has been further
segmented into nano nozzles, atomic force microscope (AFM), scanning tunneling
microscope (STM), and mass spectrometry.
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Regional Analysis
North America is expected
to dominate the NEMS market during the forecast period due to the presence of
global players in the region. Increasing adoption of latest technologies such
as deep learning, artificial intelligence, machine learning, and IoT, and
developments in nanotechnology is expected to drive the NEMS market in North
America.
Asia Pacific is expected
to showcase the highest CAGR during the forecast period due to the presence of
automotive and electronic manufacturers. Smart city initiatives proposed by
governments and modernization efforts can also drive the NEMS market in the
region. Deployment of advanced technologies in Japan, India, and China and the
region being a hub of consumer electronics manufacturers can elevate the market
to new heights.
The Europe
nanoelectromechanical systems market is projected to expand owing to industrial
collaborations and applications of carbon nanotubes in commercial applications.
Rising demand for wearables and other consumer electronic products can drive
the regional market demand.
Competitive Outlook
Agilent Technologies Inc.,
Showa Denko K.K., Broadcom Corporation, Bruker Corporation, Applied Nanotools
Inc., Inframat Advanced Materials LLC, Analog Devices, Inc., Nanocyl SA, and
Asylum Research Corporation are key players of the global NEMS market.
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