Global Microelectromechanical Systems (MEMS) Market is estimated to reach $35 billion by 2024; growing at a CAGR of 11.4% between 2016 and 2024. MEMS also known as micromechanics or micro systems technology; is the technology of microscopic device that has both electrical and mechanical components. The dimensions can range from 20 micrometers to a millimeter. MEMS technology can create entirely new products such as less expensive, multi-axis inertial motion sensors, useful for smartphone based navigation and Digital Micromirror Devices (DMD) used for efficient, high speed and reliable spatial light modulation in industry, telecom, medical and others. MEMS can also be used in micro-mirror arrays for high definition project systems, sensor-driven heating and cooling systems, micronozzles to control the flow of ink in inkject printers and among others.
