By Cameron Chai
Research and Markets has included a new market research report titled ‘Global Micro-electromechanical System Market 2011-2014’ to its database.
The comprehensive report discusses the market landscapes of the global MEMS industry and its growth opportunities in the years to come. Geographic markets covered in the report include the Americas, APAC and EMEA regions. It also covers the major vendors operating in this industry. The report is helpful for decision makers to understand the present and future trends of the worldwide MEMS industry.
According to the TechNavio's report, the worldwide MEMS market is expected to grow at 16% CAGR for the reporting period between 2011 and 2014. Government mandates pertaining to the deployment of safety systems in automotives are one of the driving factors behind the growth of this market.
MEMS gyrcoscopes are also witnessing growth opportunities, thanks to increased demand from the consumer electronics and automotive industries. However, one of the major barriers to the growth of the global MEMS industry is the difficulty in packaging MEMS sensors. The report also discusses in detail the reduced selling price of MEMS devices, yet another major issue faced by the market.
Key topics covered in the report include executive summary, introduction, market coverage, market landscape, vendor landscape, buying criteria, market growth drivers, drivers and their impact, market challenges, market trends and key vendor analysis. Companies mentioned in the report include Texas Instruments, Hewlett-Packard, The Bosch Group and STMicroelectronics.