Market Overview
According to Market Research Future, the market for NEMS has been segmented on the basis of product type, material type, application, and region.
Nanoelectromechanical systems (NEMS) can be described as those the critical structural elements at nano scale. NEMS have a higher surface to volume ratio as compared to MEMS and it is useful for high-frequency resonators and ultrasensitive sensors. NEMS combines electronic and mechanical properties to perform complex operations. In February 2019, KLA-Tencor, a leading semiconductor equipment and services supplier acquired Nanomechanics Inc. to enhance its reach and product portfolio in nanoelectronics technology market.
The Global Nanoelectromechanical System Industry is expected to grow from USD 32.14 million in 2018 to USD 141.51 Million by 2024, at a CAGR of 28.1%, during the forecast period.
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On the basis product type, the market has been segregated into nano-accelerometers, nano-tweezers, nano-switches, nano-fluidic modules, and nano-cantilevers. Nanotweezers are made up of noble metals which is used for manipulation of nanostructures under optical illumination.
On the basis material type, the market has been segmented into graphene, carbon nanotubes, SiC, SiO2, and others. Carbon nanotubes are large molecules of pure carbon that are thin and long and shaped like tubes about 1 to 3 nanometers in size. Graphene is a new type of two dimensional (2D) crystal material and its single atomic layer structure is used in various NEMS applications such as NEMS sensors, NEMS devices, NEMS devices, energy storage, and biomedical fields.
Segmentation
By product type, the market has been segmented into nano-cantilevers, nano-accelerometers, nano-switches, nano-fluidic modules, and nano-tweezers. Nano-tweezers are expected to gain the maximum share of the market owing to the product derived from noble elements.
By material type, the market has been segmented into SiC, SiO2, graphene, carbon nanotubes, and others. Carbon nanotubes are expected to gain the lead in the global nanoelectromechanical systems owing to earning the distinction of being the smallest NEMS.
By application, the market has been segmented into sensing & control applications, tools & equipment application, and solid state electronics. Sensing & control applications segment has been further segmented into automotive medical and industrial process control. Solid state electronics segment has been sub-segmented into random access memory application and wireless communication application. Tools & equipment application segment has been further segmented into nano nozzles, atomic force microscope (AFM), scanning tunneling microscope (STM), and mass spectrometry.
Regional Analysis
North America is expected to dominate the NEMS market Size during the forecast period due to the presence of global players in the region. Increasing adoption of latest technologies such as deep learning, artificial intelligence, machine learning, and IoT, and developments in nanotechnology is expected to drive the NEMS market in North America.
Asia Pacific is expected to showcase the highest CAGR during the forecast period due to the presence of automotive and electronic manufacturers. Smart city initiatives proposed by governments and modernization efforts can also drive the NEMS market in the region. Deployment of advanced technologies in Japan, India, and China and the region being a hub of consumer electronics manufacturers can elevate the market to new heights.
The Europe nanoelectromechanical systems market Size is projected to expand owing to industrial collaborations and applications of carbon nanotubes in commercial applications. Rising demand for wearables and other consumer electronic products can drive the regional market demand.
Competitive Outlook
Agilent Technologies Inc., Showa Denko K.K., Broadcom Corporation, Bruker Corporation, Applied Nanotools Inc., Inframat Advanced Materials LLC, Analog Devices, Inc., Nanocyl SA, and Asylum Research Corporation are key players of the global NEMS market.
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