global microelectromechanical systems (MEMS) market to grow at a CAGR of 9.41% during the period 2018-2022.

Portland, OR -- (SBWire) -- 05/15/2018 --Microelectromechanical systems (MEMS) are miniaturized mechanical and electronic components that are manufactured through micromachining processes. The dimensions of MEMS devices can vary from 1 micron to several millimeters. Due to their small size-related complexity, MEMS can have moving and non-moving (mechanical) parts.

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The analysts forecast the global microelectromechanical systems (MEMS) market to grow at a CAGR of 9.41% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global microelectromechanical systems (MEMS) market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Global Microelectromechanical Systems (MEMS) Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Broadcom
- Robert Bosch
- STMicroelectronics
- Texas Instruments

Market driver
- Reduction in the ASP
- For a full, detailed list, view our report

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Market challenge
- Price wars
- For a full, detailed list, view our report

Market trend
- Adoption of sensor fusion
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?