Global MEMS Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global MEMS market is expected to register a CAGR of 8.7% during the forecast period. The rising popularity of IoT in semiconductors, growing requirement for smart consumer electronics and wearable devices, and enhanced adoption of automation in industries and homes are some significant factors influencing the growth of the MEMS market.
Key HighlightsThe MEMS market is highly competitive and is currently dominated by a few players in the Asia-Pacific, followed by those in the Americas and Europe. The global market is expected to be consolidated in nature, and the major players with a prominent share in the market are focusing on expanding their customer base across foreign countries by leveraging on strategic collaborative initiatives to increase their market share and their profitability. Broadcom Inc., Robert Bosch GmBH, STMicroelectronics N.V., Texas Instruments Inc., Qorvo Inc., among others, are some of the major players present in the current market.
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