Summary

India Microelectromechanical Systems (MEMS) market is anticipated to witness significant CAGR during the forecast period on account of thriving healthcare, automation and consumer electronics industry. The country is witnessing increasing adoption of consumer electronic devices like wearable devices, tablets, and smart phones, which require MEMS technology. Moreover, growing penetration of Internet of Things (IoT) and high usage of MEMS technology in medical devices like respiratory disorder diagnostic equipment and laparoscopic devices are some key factors propelling the growth of India Microelectromechanical Systems (MEMS) market. Also, with increasing adoption of MEMS technology in automotive vertical for vehicle security and airbag systems, the market is poised to grow further in the coming years.
Microelectromechanical Systems (MEMS) technologies poses the ability to communicate easily with semiconductor chips. This is why, there is a shift in focus of electronics industry from traditional sensors to MEMS technology. Additionally, this technology is also finding increasing application in sensor manufacturing owing to their low power consumption, high precision and small size. Manufacturers are introducing new MEMS-based sensors for various applications to increase their market share in India.
India Microelectromechanical Systems (MEMS) market can be segmented based on product type, 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 inertial combo sensors are anticipated to possess high demand during the forecast period owing to their growing demand from automotive sector. They are highly used in devices like accelerometer, gyroscope and magnetometer.
Major companies operating in 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., NXP Semiconductors India Private Limited, Denso India Ltd., Bosch Limited and Panasonic India Private Limited., among others. Leading market players are undertaking growth strategies like expansion of product portfolio and mergers & acquisitions.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023-FY2027
Objective of the Study:
• To analyze and forecast the market size of India Microelectromechanical Systems (MEMS) market.
• To forecast India Microelectromechanical Systems (MEMS) market based on product type, material, application, company and regional distribution.
• To identify drivers and challenges for India Microelectromechanical Systems (MEMS) market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in India Microelectromechanical Systems (MEMS) market.
• To identify and analyze the profile of leading players operating in the India Microelectromechanical Systems (MEMS) market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Microelectromechanical System (MEMS) manufacturing companies across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.
TechSci Research calculated India Microelectromechanical Systems (MEMS) market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
• Microelectromechanical Systems (MEMS) manufacturers/companies/partners and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, industry associations, forums and alliances related to Microelectromechanical Systems (MEMS)
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Microelectromechanical Systems (MEMS) manufacturing companies, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India Microelectromechanical Systems (MEMS) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• India Microelectromechanical Systems (MEMS) Market, By Product Type:
o Sensors
 Inertial Sensor
 Accelerometers
 Magnetometers
 Gyroscope
 Combo Sensor
 Pressure Sensor
 Microphone
 Optical Sensor
o Actuators
 Optical
 Microfluidics
 Piezoelectric
 Others
• India Microelectromechanical Systems (MEMS) Market, By Material:
o Silicon
o Polymers
o Metals
o Ceramics
• India Microelectromechanical Systems (MEMS) Market, By Application:
o Consumer Electronics
o Automotive
o Industrial
o Aerospace & Defense
o Healthcare
o Telecommunication
o Others
• India Microelectromechanical Systems (MEMS) Market, By Region:
o North India
o South India
o East India
o West India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India Microelectromechanical Systems (MEMS) market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.

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