Global Nanoelectromechanical System Market Overview
A nanoelectromechanical system (NEMS) refers to the integration of actuators, sensors, electronics, and mechanical elements over a silicon substrate on a nanoscale. NEMS is made from electromechanical devices which contain critical dimensions from a few nanometers to hundreds to nanometers. Nanoelectromechanical systems can achieve extremely high fundamental frequencies while preserving high mechanical responsivity at the same time.
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As per the latest report by Market Research Future (MRFR), the global nanoelectromechanical systems (NEMS) market is expected to reach a market valuation of USD 141.51 million by the end of 2024, from USD 32.14 million at the beginning of the review period. Technological developments in nano-components and nanomaterials and increasing investments in the life sciences and nanotechnology research are some of the most primary factors accrediting to the mounting nanoelectromechanical systems (NEMS) market. However, costly nano-components and nanomaterials are likely to hamper the market growth for nanoelectromechanical systems market.
NEMS has several unique properties such as low mass, high electrical strength, high mechanical resonance frequencies and a potentially large quantum mechanical effects like high surface-to-volume ratio and zero-point motion. These properties of NEMS are expected to push the market growth to a great extent.
NEMS can be produced from bottom-up, top-down, or through a combination of both these methods where all molecules are combined in a top-down framework. NEMS is preferred over MEMS owing to several additional advantages such as smaller size, lower cost associated with IC integration, lower power consumption, and high-frequency resonation. This favorable rise in preference is anticipated to assessed to supplement the market growth over the forecast period.
Key Players
Some of the well-established players in the global nanoelectromechanical system market include Agilent Technologies Inc. (US), Nanocyl SA. (Belgium), Bruker Corporation, Applied Nanotools Inc. (Canada), Inframat Advanced MaterialsTM LLC (US), Showa Denko K.K. (Japan), Analog Devices, Inc. (US), Broadcom Corporation (US), Asylum Research Corporation (US), and Inframat Corporation (US).
Industry Update
September 2019: Researchers from Germany and Sweden have developed the smallest graphene-based accelerometer ever reported. This piezoresistive NEMS accelerometer retains the sensitivity that these systems require and is dramatically smaller than any MEMS accelerometers currently available.
Market Segmentation
The global nanoelectromechanical systems market is studied for segments that are based on product type, material type, application, and region. Based on product type, the market is segmented into nano-tweezers, nano-accelerometers, nano-stitches, nano-fluidic modules, and nano-cantilevers. On the basis of material type, the nanoelectromechanical system market is segmented into carbon nanotubes, graphene, SiC, and SiO2.
On the basis of application, the global nanoelectromechanical system market is segmented into solid-state electronics, sensing & control applications, and tools and equipment application. Sensing & control applications segment is further segmented into industrial process control and automotive medical. The solid-state electronics segment is further sub-segmented into wireless communication application and random-access memory application. The tools and equipment application segment is further segmented into scanning tunneling microscope (STM), nano nozzles, mass spectrometry, and atomic force microscope (AFM).
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Detailed Regional Analysis
The global nanoelectromechanical system (NEMS) market is studied for the regional segments of Asia Pacific, Rest of the World, Europe, and North America. The global nanoelectromechanical system market is estimated to garner significant growth during the forecast period of 2019-2024.
North America’s market for nanoelectromechanical systems is expected to dictate the global NEMS market through the assessment period. A dominant hold on the market can be accredited to the presence of global players in the region. Further, increasing adoption of latest technologies like machine learning, artificial intelligence, deep learning and the internet of things are expected to supplement the growth noted in the regional NEMS market. Snowballing developments in nanotechnology are expected to drive the NEMS market in North America. On the other hand, Asia Pacific is also expected to grow at the highest CAGR through the forecast period. Such fast-paced mounting of the market can be accredited to the presence of several automotive and electronics manufacturers in the region and smart city initiatives launched by emerging economies such as India and China.
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