MEMS Mirror Market Segments, Opportunity, Growth and Forecast By End-use Industry 2023-2029

Market Overview:

The global MEMS Mirror Market was valued at USD 23.28 Million in 2021 and is expected to reach USD 34.54 Million by the year 2028, at a CAGR of 5.80%.
Miniature electromagnetic reflectors that use MEMS technology are known as MEMS mirrors. Electrical current flowing in the coil encircling the mirror generates a Lorentz force based on Fleming's left-hand rule within the magnetic field produced by the magnet, and this force drives the mirror. MEMS mirrors also have a large optical deflection angle, high mirror reflectivity, and minimal power consumption. Additionally, MEMS reflectors come in 1D and 2D varieties. These electrostatic (ES), electromagnetic (EM), electrothermal (ET), and piezoelectric (PE) mechanisms are used to actuate these 1D and 2D MEMS reflectors. Additionally, these MEMS mirrors are classified into three working modes such as resonance, non-resonance, or a combination of resonance and non-resonance scanning.

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Market Dynamics:

Driver:

In a wide range of uses, MEMs mirrors are being used in emerging technologies for visible projection and nonvisible IR scanning. MEMS mirrors provide a small footprint, low power, and more affordable options for scanning applications. AR/VR/XR head-mounted displays (HMD), all-day wearable smart glasses, pico-projectors for visible projection, structured light or ToF 3D depth-sensing applications like 3D cameras, and LiDAR for consumer, industrial, and automotive use MEMS scanning technology. ST's newly formed LaSAR alliance is an ecosystem of technology manufacturers, providers, and producers collaborating to stimulate the development of AR smart-glass solutions and shorten the time to market.

Opportunities:

Due to their longer lifespan and lower price, solid-state lidars have recently seen a sharp rise in demand. MEMS mirrors are the primary component of these devices. Additionally, due to the simplicity of integrating solid-state lidars in automobiles, improvements in autonomous vehicles and vehicles equipped with ADAS are predicted to accelerate the development of solid-state lidars. Current trends in the lidar market indicate that major lidar makers are putting more effort into creating solid-state lidars than compact mechanical-state lidars.

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type
• 1D
• 2D

By Application
• Automobiles
• Robotics
• Industrial

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Regional Analysis for the Global MEMS Mirrors Market
• North America is seen as the most profitable region for the MEMS mirrors market, backed by high growth in the consumer electronics industry as well as raised demand for modern automobiles and wearable devices. Regional trends and regulatory policies act a significant role in the advancement of the MEMS mirrors and semiconductor markets.
• Europe is anticipated to hold a significant share of the MEMS mirrors market, due to rising consciousness about technically advanced and eco-friendly electronic equipment. With pleasing regulatory compliances and sustained demand for renewable energy infrastructure, power electronics, and automotive, emerging countries such as India and China are emerging as the fastest-growing markets for MEMS mirrors.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in MEMS Mirror market
• Hamamatsu (Japan)
• MicroVision inc. (US)
• Fraunhofer (Germany)
• Mirrorcle Technologies Inc. (US)
• Opus Microsystems Corp (Taiwan)
• Wiotek (China)
• OQmented GmbH (Germany)
• Preciseley (US)
• Sercalo (UK)
• Schott (Germany)

Table of content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: MEMS Mirrors Market by Type
Chapter 6: MEMS Mirrors Market by Application
Chapter 7: Company Profiles and Competitive Analysis
To Be continue…

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