The research process for this study included the systematic gathering, recording, and analysis of data about customers and companies operating in the MEMS market. This research study involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) to identify and collect valuable information for this extensive, technical, market-oriented, and commercial study of the MEMS market. In-depth interviews were conducted with various primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess the growth prospects of the market. Key players in the MEMS market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts, such as CEOs, directors, and marketing executives.
In the primary research process, various key correspondents from the supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include CEOs, vice presidents, marketing directors, business development executives, end-users, and related executives from various key companies and organizations operating in the MEMS market.
Secondary Research
In the secondary research, various sources were referred to, to identify and collect information important for this study. Secondary sources included corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; white papers, MEMS products-related journals, and certified publications; articles by recognized authors; directories; and databases.
Secondary research was conducted to obtain key information regarding the industry supply chain, market value chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market and technology-oriented perspectives. Data from secondary research was collected and analyzed to determine the overall market size, which was further validated by primary research.
Primary Research
Extensive primary research was accomplished after understanding and analyzing the MEMS market scenario through secondary research. Several primary interviews were conducted with key opinion leaders from both demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and RoW. Approximately 30% of the primary interviews were conducted with the demand side and 70% with the supply side. Primary data was collected through questionnaires, emails, and telephonic interviews. In our canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in the report.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses have been carried out on the complete market engineering process to list the key information/insights pertaining to MEMS market.
The key players in the market have been identified through secondary research, and their rankings in the respective regions have been determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players and interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative key insights. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.
MEMS Market: Bottom-Up Approach
The bottom-up approach has been employed to arrive at the overall size of the MEMS market from the revenues of key players and their share in the market.
MEMS Market: Top-Down Approach
In the top-down approach, the overall size of the MEMS market was used to estimate the size of the individual markets (mentioned in the market segmentation) derived through percentage splits from secondary and primary research.
For the calculation of the size of specific market segments, the overall size of the MEMS market was considered to implement the top-down approach. The bottom-up approach was also implemented for the data extracted from secondary research to validate the obtained market size of different segments.
The market share of each company was estimated to verify the revenue share used earlier in the bottom-up approach. With the data triangulation procedure and validation of data through primaries, the sizes of the overall parent market and each individual market were determined and confirmed in this study.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained earlier, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the MEMS market has been validated using both top-down and bottom-up approaches.
Market Definition
MEMS (micro-electro-mechanical system) is a miniature machine that has both mechanical and electronic components. MEMS consists of microsensors, micro actuators, microelectronics, and mechanical microstructures, all integrated onto the same silicon chip. The MEMS has feature sizes ranging from micrometers to millimeters. MEMS devices can be varied among simple structures without moving elements, to highly complex electromechanical microsystems with various moving elements under the control of integrated microelectronics.
Key Stakeholders
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Raw material and manufacturing equipment suppliers
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Electronic design automation (EDA) and design tool vendors
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Wafer manufacturers
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Government bodies, venture capitalists, and private equity firms
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Integrated device manufacturers (IDMs)
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Owners of intellectual property related to MEMS components
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MEMS technology platform developers
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MEMS component manufacturers
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Maintenance and service providers
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Distributors and traders
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Research organizations
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Semiconductor Foundry Service Provider
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Organizations, forums, alliances, and associations
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End-users from verticals, such as aerospace, defense, industrial, and consumer electronics, among others
Report Objectives
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To describe and forecast the micro-electro-mechanical system (MEMS) market size, by sensor type, actuator type, and vertical, in terms of value
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To forecast the market size, in terms of value, across North America, Europe, Asia Pacific, and the Rest of the World (RoW)
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To describe and forecast the micro-electro-mechanical system (MEMS) market size, by sensor type, actuator type, in terms of volume
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To present detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
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To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, ASP analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
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To offer a comprehensive overview of the value chain of MEMS market ecosystem
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To critically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
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To strategically profile the key players and comprehensively analyze their market shares and core competencies.
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To assess the opportunities in the market for stakeholders and describe the competitive landscape of the market
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To analyze competitive developments such as collaborations, agreements, partnerships, product developments, and research and development (R&D) in the market
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To evaluate the impact of the recession on the MEMS market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
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Detailed analysis and profiling of additional market players (up to 7)
Hernan
Jan, 2019
Good day, I have send this request to know more analysis data for study the trends for MEMS Market..
Dragan
Apr, 2019
I need the information about MEMS market to make an investment for manufacturing MEMS-based devices..