India Microelectromechanical Systems (MEMS) Market to Undergo Significant Growth in Coming Years
Increasing demand from
automation industry and growing popularity of Internet of Things (IoT) to drive
India Microelectromechanical Systems (MEMS) market
According to
TechSci Research report, “India Microelectromechanical
Systems (MEMS) Market By Product Type (Inertial Sensors
(Magnetometer, Combo Sensor, Gyroscopes, Actuators, Accelerometers), Pressure Sensors,
Microphones, Bio-MEMS, Micro Fluidic Devices, Oscillators, Others), By Manufacturing
Methods (Bulk Micromachining, Surface Micromachining, High Aspect Ratio (HAR)
Silicon Micromachining), By Material (Silicon, Polymers, Metals, Ceramics, Others),
By Application (Consumer Electronics, Automotive, Industrial, Aerospace &
Defense, Healthcare, Telecommunication, Others), By Region, Forecast &
Opportunities, FY2026”, the market is anticipated to
witness healthy growth during the forecast period owing to growing demand of
MEMS technology from automation industry, as MEMS sensors and actuators form
the main components of automotive electronic control systems. Moreover,
Microelectromechanical Systems (MEMS) market is also witnessing high demand
from healthcare sector in India due to the technological advancements in
medical devices and pharmaceutical sector. Growing usage of
microelectromechanical technology in consumer electronic devices like wearable
devices, tablets, and smart phones is also acting as a major growth driver for
this market.
Additionally, thriving industrial and infrastructural
sector in India are creating huge growth opportunity for Microelectromechanical
System (MEMS) manufacturers. The technological advancements and new product
launches in semiconductor market are also anticipated to provide huge growth
for Microelectromechanical System (MEMS) systems market through FY2026.
Further, growing popularity of Internet of Things (IoT) is fueling the growth
of India Microelectromechanical Systems (MEMS) market. With increasing support
from government to boost the medical and industrial sectors of the country, the
market is expected to witness a substantial growth in the coming years.
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The India Microelectromechanical
Systems (MEMS) market is segmented based on product type, manufacturing method,
material, application and region. Based on application, the market is segmented into consumer
electronics, automotive, industrial, aerospace & defense, healthcare,
telecommunication and others. Among them, the healthcare segment is expected to
undergo high growth during the forecast period owing to growing adoption of
MEMS technology in medical devices, coupled with increasing support from
government to improve the healthcare infrastructure of the country.
Based on product type, India Microelectromechanical
Systems (MEMS) market can be segmented into inertial sensors, pressure sensors,
microphones, bio-mems, micro fluidic devices, oscillators and others. The
inertial sensors segment is further categorized into magnetometer, combo
sensor, gyroscopes, actuators and accelerometers. Among them, the inertial
combo sensors are expected to witness highest growth through FY2026 as there is
a growing requirement for data integration from different sensors to produce
accurate results.
Major players operating in the India
Microelectromechanical Systems (MEMS) market include Panasonic India Pvt Ltd,
Honeywell International India Pvt Ltd, GE India Industrial Pvt Ltd,
STMicroelectronics Pvt Ltd, Analog Devices India Pvt Ltd, Murata Electronics
(India) Ltd., Freescale Semiconductor India Pvt. Ltd. and Denso India Ltd. Key
manufacturers are focusing R&D activities and undertaking various growth
strategies like mergers &
partnerships to increase their market share.
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“India is acting
as a favorable market for Microelectromechanical
System (MEMS) manufacturers as country’s industrial, healthcare and consumer
sectors are in developmental phase and require advanced technologies such as
MEMS, etc. Further, the availability of low-cost raw materials and low labour
costs are favouring the market growth. In the coming years, with development in
advanced healthcare and automotive sector, Microelectromechanical Systems
(MEMS) market is expected to witness robust growth in India,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Microelectromechanical Systems (MEMS) Market
By Product Type (Inertial Sensors (Magnetometer, Combo Sensor, Gyroscopes,
Actuators, Accelerometers), Pressure Sensors, Microphones, Bio-MEMS, Micro
Fluidic Devices, Oscillators, Others), By Manufacturing Methods (Bulk
Micromachining, Surface Micromachining, High Aspect Ratio (HAR) Silicon
Micromachining), By Material (Silicon, Polymers, Metals, Ceramics, Others), By Application
(Consumer Electronics, Automotive, Industrial, Aerospace & Defense,
Healthcare, Telecommunication, Others), By Region, Forecast &
Opportunities, FY2026” has evaluated
the future growth potential of India Microelectromechanical Systems (MEMS) market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India Microelectromechanical Systems (MEMS) market.
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