Nano Positioning Systems Market Size,Share | Trends,Forecast 2025
Albany, NY -- (SBWIRE) -- 09/11/2017 -- In a fairly consolidated global nano positioning systems market, the top four players account for almost 75% share in the market. Product development and diversification are key tools that most players have been resorting to in order to further their market share.
Boosting the market for nano positioning systems is the surging demand for MEMS depending upon capacitive sensors in consumer electronics and wearables market, the increasing demand for ceramic technology for miniaturization, and the rising need of piezoelectric actuators in aerospace industry.
A report by Transparency Market Research forecasts the global market for nano positioning systems to expand at a robust 13.4% CAGR from 2017 to 2025 to become worth US$264.1 mn in 2025 from US$85.4 mn in 2016.
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The global nano positioning systems market can be segmented by the type of actuator into MEMS-based electrostatic, Magneto-strictive, Electromagnetic, and Piezo Actuator, among others, including hydraulic and pneumatic actuators. Among them, the segment of Piezo actuators held the dominant market share of 37.15% in 2016 and will likely retain its leading position going forward too by expanding at a CAGR of 13.8% from 2017 to 2025.
In terms of market share, the electromagnetic actuators trails the Piezo actuators. In 2016, electromagnetic actuators accounted for a share of 22.19% and going forward, the segment is expected to increase that share marginally owing to their rising uptake in the aerospace and optics industry.
Geography-wise, the key segments of the global nano positioning systems market are Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Europe, among them, dominates with most of the market share. In 2016, that leading market share stood at 33.77%. Rising at a CAGR of 13.7% from 2017 to 2025, it is expected to grow its leading share marginally.
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North America trails Europe in the global nano positioning systems market vis-à-vis market share. In 2016, North America accounted for 33.77% of the share in the market due to the pressing need for achieving higher speeds in defense nanotechnics and aerospace industry. The market for nano positioning system in North America was worth US$28.8 mn in 2016.
In terms of growth rate, however, Asia Pacific is expected to surpass all other regions, by clocking about 14.0% CAGR between 2017 and 2025, on the back of spike in demand for piezoelectric sensor type which are seeing widespread uptake in research and development in nano positioning goniometer and invertical lift and in "Z" stage nano positioner.
Physik Instrumente (PI), Aerotech, Inc., Prior Scientific Instruments, and Cedrat Technologies are to name a few of the dominant players in the market