Micro-Electro-Mechanical System (MEMS) Market worth $22.9 billion by 2028 - Exclusive Report by MarketsandMarkets™
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Tuesday, January 10, 2023
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The market growth is attributed to the growing use of radio-frequency microelectromechanical system and increasing demand of IoT devices.
Key Points:
- 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.
- Inertial sensor type accounted for a larger share of the MEMS market in 2022 and is expected to remain dominant throughout the forecast period.
- MEMS sensors are being used in the automotive vertical to improve performance, reduce cost, and increase the reliability of vehicles.