Europe Microelectromechanical Systems Market Size & Outlook
The microelectromechanical systems market in Europe is expected to reach a projected revenue of US$ 9.2 million by 2030. A compound annual growth rate of 10.7% is expected of Europe microelectromechanical systems market from 2024 to 2030.
Revenue, 2023 (US$M)
$4.5
Forecast, 2030 (US$M)
$9.2
CAGR, 2024 - 2030
10.8%
Report Coverage
Europe
Europe microelectromechanical systems market, 2018-2030 (US$M)
Europe microelectromechanical systems market highlights
- The Europe microelectromechanical systems market generated a revenue of USD 4.5 million in 2023.
- The market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, inertial sensor was the largest revenue generating sensor type in 2023.
- Inertial Sensor is the most lucrative sensor type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 4.5 million |
| Market revenue in 2030 | USD 9.2 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Inertial sensor |
| Fastest growing segment | Inertial Sensor |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inertial Sensor |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.0% of the global microelectromechanical systems market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12.0 million by 2030.
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Microelectromechanical Systems Market Scope
Microelectromechanical systems market segmentation & scope
Gyroscope
Magnetometer
Combo Sensor
Pressure Sensor
Microphone
Microspeaker
Environmental Sensor
Optical Sensor
Microbolometer
Pir & Thermophile
Others
Actuator Type
Optical MEMS (Micro Mirrors, Optical Switches)
Microfluidics
Inkjet Print Heads
RF MEMS (Resonators, Oscillators)
Others
Vertical
Automotive
Consumer Electronics
Aerospace & Defense
Industrial
Healthcare
Telecommunication
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
India
Japan
Australia
South Korea
Brazil
UAE
Saudi Arabia
South Africa
Microelectromechanical Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe microelectromechanical systems market
Related regional statistics
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