Sarasota, FL -- (SBWire) -- 04/07/2017 --Zion Market Research has published a new report titled "Nanoelectromechanical Systems Market (Nanotubes, Nanowires, Nanofilms, Nanobelts and Others) for Automotive, Consumer Electronics, Industrial, Healthcare and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2022". According to the report, global nanoelectromechanical systems market was valued at USD 23.20 million in 2016 and is expected to generate revenue of USD 102.03 million by end of 2022, growing at a CAGR of slightly above 28.05% between 2017 and 2022.
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Nanoelectromechanical systems are made up of electromechanical devices that have critical dimensions from hundreds to a few nanometers. The nanoelectromechanical system's market is mainly driven by increasing adoption of this technology in consumer electronic devices such as wearable devices, tablets, and smartphones. Technological advancements and increased funding in the field of nanotechnology is expected to fuel the NEMSmarket in the near future. However, the lack of mass manufacturing techniques for NEMS-based devices and the high price of nanoscale components may pose the challenge to the market growth in the near future. Moreover, the growing commodity trade in BRICS nations is projected to open new growth opportunities for nanoelectromechanical systems in the years to come.
Based on product type segments, nanoelectromechanical systems market has been segmented into graphene nanotubes, nanowires, nanofilms, and nanobelts. Carbon nanotubes are made from carbon, similar to graphite found in pencils. They are also good conductors of electricity and heat and have a very large surface area.Various application segments of nanoelectromechanical systems market include automotive, consumer electronics, industrial, healthcare, and others. In terms of revenue, consumer electronics was leading segment in NEMS market and it accounted for over 40.5% market share of the total market in 2016. Industrial and healthcare segments are also expected to grow at a considerable rate in the years to come.
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North America acquired the majority share of nanoelectromechanical systems market in 2016. North America closely followed by Asia Pacific and Europe in terms of demand for nanoelectromechanical systems.Asia-Pacific was one of the dominating regions in this market and accounted for significant share of the overall market.In terms of revenue, Asia Pacific was predicted to be the fastest-growing region in the next few years. Europe is expected to grow at a moderate rate owing to the continued globalization of microelectronics industry.
Some of the key players in nanoelectromechanical systems market include Robert Bosch, STMicroelectronics, California Institute of Technology, Sun Innovation Inc, Agilent Technologies Inc., Bruker Corporation, Asylum Research Corporation, Middle EastSan Diego State University, and Texas Instruments.
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This report segments global nanoelectromechanical systems market as follows:
Nanoelectromechanical Systems Market: Product Type Segment Analysis
Nanotubes
Nanowires
Nanofilms
Nanobelts
Nanoelectromechanical Systems Market: Application Segment Analysis
Automotive
Consumer Electronics
Industrial
Healthcare
Others
Nanoelectromechanical Systems Market: Regional Segment Analysis
North America
Europe
Asia Pacific
LatThe Middle East
and Africa
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$102.03 Mn Expected for Global Nanoelectromechanical Systems Market at 28.05% CAGR by 2022
Global nanoelectromechanical systems market is expected reach USD 102.03 million by 2022, growing at a CAGR of 28.05% between 2017 and 2022.