Mini electronic component and nano electricity demands boost NEMS market
Nanoelectromechanical systems, commonly referred to as NEMS, are systems which impart electrical and mechanical functionality on a nano scale.
Some commonly used NEMS devices include sensors, cantilevers, accelerometers, and tweezers.
NEMS are an advanced and miniature form of MEMS (microelectromechanical systems). NEMS offers a variety of advantages over MEMS due to which the former are expected to be preferred over MEMS in applications requiring high frequencies.
Some of the advantages offered by NEMS include low energy consumption, cost reduction via IC integration, and its high resonating frequency which is the major factor that is expected to boost the market growth for NEMS. The fledgling global market for NEMS is set to grow with exhaustive R&D taking place in the sector.
The major factors driving the market growth for NEMS include growing demand for multi advantageous mini electronic components and the growing technological advancement in the field of nano electricity because of constant R&D activities. The increasing support from government and corporate bodies in the form of enhanced funds for the development of nanotechnology and science research is also boosting NEMS market growth.
This is according to Transparency Market Research's "Global Nanoelectromechanical System Market - NEMS Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast, 2012 - 2018," market research report.
However, market growth is being inhibited by high prices of nano-materials and nano-components. What's more, the global market for NEMS is burgeoning, which is also one of the major barriers to the growth of the global market. However, the market provides immense opportunities in the form of developing new applications areas for NEMS in sectors like consumer goods and the medical/surgical/nano surgical sector.
Some of the leading names in the global market include Sun Innovation Inc, Showa Denko K.K., Asylum Research Corporation, Bruker Corporation, and Agilent Technologies Inc.
