According to FMI, the global micro-electromechanical system (MEMS) market revenue totaled US$ 14,458.3 million back in the year 2022. The micro-electromechanical system (MEMS) market is further projected to surge at an impressive CAGR of 10.6% over the period between 2023 and 2033. So, the net worth of the global micro-electromechanical systems is anticipated to reach a valuation of US$ 43,290.9 million by the end of 2033.
Micro-electromechanical system (MEMS) sales account for around 20% of the global semiconductor market revenue. Increasing focus on the miniaturization of consumer electronics and other devices is expected to broadly influence MEMS production and consumption.
Rising demand for wearable devices, increasing proliferation of IoT devices, and high demand from the automation industry are strengthening the MEMS market these days. Furthermore, the increasing use of micro-electromechanical systems in the automotive industry could influence market trends over the forecast period.
The surge in demand and shortage of supply has encouraged micro-electromechanical system manufacturers. To invest in expanding their production capabilities to fulfill the demand-supply gap. For instance, in February 2022, Robert Bosch GmbH announced an investment of US$ 296 million for the production of semiconductors and combatting the global shortage. Increasing demand for micro-electromechanical systems from automotive and consumer electronics verticals is what Robert Bosch is targeting through this increase in investment.
Lack of standardization in the fabrication process of micro-electromechanical systems is anticipated to be a key restricting factor over the forecast. As of now, these processes are customized by numerous manufacturers as per the requirements of the diverse end users.
| Attributes | Details |
|---|---|
| Global Market Valuation (2022) | US$ 14,458.3 million |
| Global Market Size (2023) | US$ 15,795.5 million |
| Predicted Market Valuation (2033) | US$ 43,290.9 million |
| Global Market Growth Rate (2023 to 2033) | 10.6% CAGR |
| Automotive Application Market Share | 30.7% |
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As per the previous global micro-electromechanical system (MEMS) market survey reports the overall market reached a valuation of US$ 10,413.6 million back in 2018. Technological advancements have risen significantly faster in recent years and this has widely influenced demand for multiple semiconductor components. It can be traced from the fact that shipments of MEMS rose at a CAGR of 8.5% from 2018 to 2022.
Lockdown mandates during the pandemic restricted industrial activity to a bare minimum and rendered the market sluggish as demand and supply chains were disrupted. With manufacturing activity at a halt, micro-electromechanical system shipments saw a drop in demand in 2020. Leading MEMS manufacturers endured massive losses as the pandemic resulted in the costly downtime of many manufacturing facilities. Research and development activities were also interrupted and adversely affected market potential during this period.
Sales of micro-electromechanical systems rose at a high CAGR in the post-pandemic era and the industry made a quick recovery. With efforts from regional companies to compensate for the losses the average CAGR for the period 2018 to 2022 improved to 8.5%. So, micro-electromechanical system (MEMS) demand is anticipated to rise at an impressive CAGR of 10.6% over the next ten years.
Rising Demand for Miniaturization of Devices to Boost MEMS Sales
Wearable technology has made huge strides in recent years and increasing adoption of these devices has increased demand for miniaturized components. Increasing use of IoT devices, rising smartphone proliferation, and advancements in semiconductor packaging are key factors that guide demand for MEMS.
Increasing demand for AI and automation solutions is expected to propel innovations in MEMS with integrated AI technologies. Companies are investing in the development of new micro-electromechanical systems that are more efficient and integrate new innovative technologies like AI and sensors.
For instance, in February 2022, STMicroelectronics, which is a global leader in the semiconductor industry, announced the launch of its new MEMS sensors. It claims that its new micro-electromechanical systems have integrated signal processing and artificial intelligence (AI) algorithms.
Principal Consultant
The North America micro-electromechanical system (MEMS) market is anticipated to hold a significant market share in the global landscape over the forecast period. Sales of micro-electromechanical devices in this region are anticipated to be broadly governed by demand from automotive and aerospace & defense verticals.
The rising adoption of new technologies is also anticipated to be a main factor that could guide the United States and Canada market potential. Increasing technological proliferation in Latin American countries is also expected to boost micro-electromechanical system sales in the United States during the forecast years.
| Regional Markets Comparison | Global Market Share in Percentage |
|---|---|
| North America | 29.4% |
| Europe | 24.3% |
European countries, including the United Kingdom, are anticipated to emerge as very lucrative regions for global micro-electromechanical system manufacturers. Rapidly developing consumer electronics, automotive, and industrial verticals in these countries are expected to boost the consumption of MEMS in this region.
Micro-electromechanical system sales in Europe are expected to be spearheaded by nations such as Germany, Spain, and France during the forecast years. Germany already leads the European market for sales of micro-electromechanical systems (MEMS) and generated a revenue of around US$ 1,243.4 million in 2022.
| Regional Markets | Global Market Share in Percentage |
|---|---|
| United States | 18.5% |
| Germany | 8.6% |
| Japan | 5.9% |
| Australia | 2.3% |
China is a leading market in the semiconductor industry and is known across the world for its manufacturing capabilities. Owing to this dominance, China's market currently leads the Asia Pacific countries in production as well as utilization of micro-electromechanical systems (MEMS).
China is home to some leading micro-electromechanical system manufacturers and increasing investments in the industrial sector are expected to bolster their market stance through 2033. Chinese MEMS companies are also spending much on innovations in the micro-electromechanical system (MEMS) marketplace to gain a competitive edge.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 11.4% |
| China | 11.6% |
| India | 12.5% |
India has seen rapid urbanization and industrialization in recent years and it has also seen a substantial increase in demand for semiconductor components. In view of this fact, FMI projects the year-on-year growth rate of India in sales of micro-electromechanical systems (MEMS) to remain higher through 2033.
Rising smartphone proliferation, increasing use of wearable devices, and impressive growth of the IT sector are regarded as some main factors driving the market. Also, government initiatives to boost investments in the semiconductor industry are some other factors that micro-electromechanical system manufacturers could benefit from through 2033.
According to the market survey reports, the consumer electronics sector contributed roughly US$ 2,776 million in the year 2022. The contribution of this segment is rowing further after recent technical advancements, the rapid adoption of IoT & AI, and the growing demand for miniaturized gadgets. Similarly, among the different types of MEMS-based devices, the sensors segment dominated the market in 2022 by contributing around US$ 3,672.4 million.
| Category | By MEMS-based Devices |
|---|---|
| Top Segment | MEMS Sensors |
| Market Share in Percentage | 25.4% |
| Category | By Application |
|---|---|
| Top Segment | Consumer Electronics |
| Market Share in Percentage | 19.2% |
Electrification in the automotive industry has substantially risen in recent years and this has primarily propelled demand for multiple electric components. With rising demand for EVs, this segment is undergoing a substantial transformation that requires it to minimize its weight and increase its efficiency. MEMS devices and components are perfect for this application and hence, demand for micro-electromechanical systems in the automotive industry is growing promisingly.
STMicroelectronics, Panasonic, NXP, Robert Bosch, Denso, Broadcom, and Analog are some renowned players in the worldwide micro-electromechanical systems (MEMS) industry. To increase their market penetration, these leading companies have used a variety of techniques. Including agreements, collaborations, regional expansion, alliances, and partnerships.
Owing to the localization of electronics manufacturing functions and the ongoing globalization of the electronics sector, the overall market is anticipated to get diversified soon. So, existing as well as new entrants in the market are strongly resorting to product portfolio growth and advertising to maintain their market position.
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In January 2022, Silicon Designs Inc. announced the launch of new MEMS accelerometers for space applications. The Model 1527 series is a line-up of new micro-electromechanical inertial accelerometers that are radiation-tested and are tactical-grade for use in multiple space applications such as satellites and spacecraft. Currently, aerospace and defense applications hold a market share of 9.9% in the global micro-electromechanical system (MEMS) industry.
RoboSense LiDAR is a leading name in the LiDAR sensor industry from Shenzhen, China, that is constantly making efforts to improve its market position. For instance, in December 2021, it announced that it may unveil the world’s first mass-produced automotive-grade MEMS solid-state LiDAR at CES 2022.
How can Manufacturers Scale their Businesses in the Global Micro-electromechanical System (MEMS) Market?
In recent years, the export of semiconductors and MEMS has been affected by multiple factors such as the pandemic and the trade wars. As there is a shortage of semiconductors and increasing demand, existing companies are up-scaling their manufacturing capabilities and trying to cash in on this opportunity.
MEMS companies are now investing in the research and development of innovative offerings for multiple verticals like automotive and aerospace. Increasing advancements and the development of innovative products for this vertical are expected to provide lucrative opportunities for MEMS manufacturers.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Units for Sales, US$ million or billion for Value |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The growth potential of the market is 10.6% through 2033.
Closed-circuit chip growth drives gadget miniaturization trend.
Lack of standardization in the fabrication process limits growth.
The market valuation in 2023 is US$ 15,795.5 million.
The growing use of MEMS in the automotive drives sales.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Devices
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Devices, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Devices, 2023 to 2033
5.3.1. MEMS Sensors
5.3.1.1. Accelerometers
5.3.1.2. Gyroscopes
5.3.1.3. Humidity Sensors
5.3.1.4. Pressure Sensors
5.3.1.5. Proximity Sensors
5.3.1.6. Temperature Sensors
5.3.2. MEMS Audio Devices
5.3.2.1. MEMS Microphones
5.3.2.2. MEMS Speakers
5.3.3. MEMS Switches
5.3.4. MEMS Actuators
5.3.5. MEMS Oscillators
5.4. Y-o-Y Growth Trend Analysis By Devices, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Devices, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Consumer Electronics
6.3.2. Automotive
6.3.3. Aerospace & Defence
6.3.4. Healthcare
6.3.5. Telecommunications
6.3.6. Industrial
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. South Asia
7.3.5. East Asia
7.3.6. Oceania
7.3.7. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Devices
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Devices
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Devices
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Devices
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Devices
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Devices
10.3.3. By Application
10.4. Key Takeaways
11. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. India
11.2.1.2. Malaysia
11.2.1.3. Singapore
11.2.1.4. Thailand
11.2.1.5. Rest of South Asia
11.2.2. By Devices
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Devices
11.3.3. By Application
11.4. Key Takeaways
12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Devices
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Devices
12.3.3. By Application
12.4. Key Takeaways
13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. Australia
13.2.1.2. New Zealand
13.2.2. By Devices
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Devices
13.3.3. By Application
13.4. Key Takeaways
14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Devices
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Devices
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Devices
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Devices
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Devices
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Devices
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Devices
15.5.2.2. By Application
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Devices
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Devices
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Devices
15.8.2.2. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Devices
15.9.2.2. By Application
15.10. India
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Devices
15.10.2.2. By Application
15.11. Malaysia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Devices
15.11.2.2. By Application
15.12. Singapore
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Devices
15.12.2.2. By Application
15.13. Thailand
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Devices
15.13.2.2. By Application
15.14. China
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Devices
15.14.2.2. By Application
15.15. Japan
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Devices
15.15.2.2. By Application
15.16. South Korea
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Devices
15.16.2.2. By Application
15.17. Australia
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Devices
15.17.2.2. By Application
15.18. New Zealand
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Devices
15.18.2.2. By Application
15.19. GCC Countries
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Devices
15.19.2.2. By Application
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Devices
15.20.2.2. By Application
15.21. Israel
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Devices
15.21.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Devices
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. STMicroelectronics
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Analog Devices Inc.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Robert Bosch GmbH
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. NXP Semiconductors
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Panasonic Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Honeywell International Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Infineon Technologies AG
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. TE Connectivity
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Omron Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Murata Manufacturing Co. Ltd.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. Sensata Technologies
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.12. ROHM SEMICONDUCTOR
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Micro-electromechanical System (MEMS) Market
