Micro-Electro-Mechanical System (MEMS) Market Growing $22.9 Billion by 2028
The Micro-Electro-Mechanical System (MEMS) Market is projected to grow from USD 14.8 billion in 2022 to USD 22.9 billion by 2028, registering a CAGR of 7.6% during the forecast period according to a new report by MarketsandMarkets™. The market growth is attributed to the growing use of radio-frequency microelectromechanical system and increasing demand of IoT devices. Furthermore, advancement in sensor fusion technology is expected to create lucrative opportunities for the market.
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