Nanoelectromechanical systems (NEMS) are an integration of components on a silicon substrate at a nanoscale. The components are electronics, sensors, actuators, and mechanical elements. Miniaturization of consumer electronic components is key in driving the manufacture of NEMS. Market Research Future’s report on the global nanoelectromechanical systems market provides a comprehensive outlook on the industry for the period of 2019 to 2024 (forecast period) while considering the drivers, challenges, opportunities, and trends during the COVID-19 pandemic.

Regional Analysis

North America is expected to dominate the NEMS market 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.

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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.