MEMS Test Equipment Market: By MEMS Type; By Testing Type; By Testing; By Technology; By Application; By End-User & By Geography - Forecast 2017-2023

MEMS (Micro-Electro Mechanical System) refer to the technology that is used to design micro-meter scale devices by integrating mechanical and electrical components. It uses batch fabrication techniques to achieve functionality and reliability enabling whole system on a single chip. Deposition, Pattering, etching and die preparation are basic processes involved in manufacturing of MEMS. Presently, MEMS finds its application in telecommunication, consumer electronics, medical and process control areas thereby market has been gaining the prominence from those end user industries.

The global MEMS testing equipment market has been segmented into different segments including by type of MEMS into inertial and optical. On the basis of testing type, the market is segregated to mechanical properties testing, fabrication testing and device level metrology testing. By testing, the market is categorized into wafer level testing and packaged testing. Moreover, by end user, the market is categorized into automotive, aerospace & defense, marine, telecommunication among others.

The major drivers of this market is characteristics of MEMS such as small size of the device, low cost, less power consumed and product consistency which is stimulating the adoption of MEMS thereby intensifying the usage of MEMS testing equipment across all the industry verticals. Additionally, packaging of MEMS components is a challenge as the device must be free from contamination and is capable to interact mechanically with the environment which is showing the negative impact on the MEMS and MEMS testing equipment market.

Global MEMS test equipment market is estimated to grow at a CAGR of XX% during the forecast period owing to advances driven by increasing consumer interest for entertainment. Americas region is estimated to hold the major share followed by Europe and APAC regions. APAC region is projected to witness rapid growth driven by rapid industrialization and leading players across the industry verticals have been expanding their operations in this region which is escalating the demand for the market from the recent past. Companies in this region are launching products targeting the specific requirements of the consumers and end user industries.

Sample Companies profiled in the report are:
Solidus Technologies, Inc. (U.S.),
Xcerra Corporation (U.S.),
Keysight Technologies, Inc. (U.S.)
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