Latin America Microelectromechanical Systems Market Size & Outlook
The microelectromechanical systems market in Latin America is expected to reach a projected revenue of US$ 1.0 million by 2030. A compound annual growth rate of 5.4% is expected of Latin America microelectromechanical systems market from 2024 to 2030.
Revenue, 2023 (US$M)
$0.7
Forecast, 2030 (US$M)
$1.0
CAGR, 2024 - 2030
5.2%
Report Coverage
Latin America
Latin America microelectromechanical systems market, 2018-2030 (US$M)
Latin America microelectromechanical systems market highlights
- The Latin America microelectromechanical systems market generated a revenue of USD 0.7 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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.
Latin America data book summary
| Market revenue in 2023 | USD 0.7 million |
| Market revenue in 2030 | USD 1.0 million |
| Growth rate | 5.4% (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, Latin America region accounted for 3.9% 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 |
|---|
Latin America microelectromechanical systems market
Related regional statistics
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