Global Nano Positioning Systems Market: Snapshot
In a fairly consolidated global nano positioning systems market, the top four players account for almost 75% share in the market. Product development and diversification are key tools that most players have been resorting to in order to further their market share.
Boosting the market for nano positioning systems is the surging demand for MEMS depending upon capacitive sensors in consumer electronics and wearables market, the increasing demand for ceramic technology for miniaturization, and the rising need of piezoelectric actuators in aerospace industry.
Acting as a restraint to the global nano positioning systems market, on the other hand, is the hysteresis loss and backlash which is negatively impacting the performance of position actuators. The dearth of flow of design and manufacturing information in mechatronic systems too is proving counterproductive to the market.
A report by Transparency Market Research forecasts the global market for nano positioning systems to expand at a robust 13.4% CAGR from 2017 to 2025 to become worth US$264.1 mn in 2025 from US$85.4 mn in 2016.
Piezo Actuators Dominate Market Owing to Their Ability to Speed Application
The global nano positioning systems market can be segmented by the type of actuator into MEMS-based electrostatic, Magneto-strictive, Electromagnetic, and Piezo Actuator, among others, including hydraulic and pneumatic actuators. Among them, the segment of Piezo actuators held the dominant market share of 37.15% in 2016 and will likely retain its leading position going forward too by expanding at a CAGR of 13.8% from 2017 to 2025. At this rate, the market for Piezo Actuator, which was worth US$31.7 mn will likely attain a value of US$101 mn by 2025. The mechanical integration of Piezo actuator speeds up their application.
In terms of market share, the electromagnetic actuators trails the Piezo actuators. In 2016, electromagnetic actuators accounted for a share of 22.19% and going forward, the segment is expected to increase that share marginally owing to their rising uptake in the aerospace and optics industry.
Demand for Ceramic Technology for Miniaturization Propels Europe Market
Geography-wise, the key segments of the global nano positioning systems market are Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Europe, among them, dominates with most of the market share. In 2016, that leading market share stood at 33.77%. Rising at a CAGR of 13.7% from 2017 to 2025, it is expected to grow its leading share marginally. Helping the market in Europe to grow phenomenally is the growing demand for ceramic technology for miniaturization in different applications such as white light inferometry, precision laser machining, and increasing research in nano systems in the nations of France and Germany.
North America trails Europe in the global nano positioning systems market vis-à-vis market share. In 2016, North America accounted for 33.77% of the share in the market due to the pressing need for achieving higher speeds in defense nanotechnics and aerospace industry. The market for nano positioning system in North America was worth US$28.8 mn in 2016.
In terms of growth rate, however, Asia Pacific is expected to surpass all other regions, by clocking about 14.0% CAGR between 2017 and 2025, on the back of spike in demand for piezoelectric sensor type which are seeing widespread uptake in research and development in nano positioning goniometer and invertical lift and in "Z" stage nano positioner.
Physik Instrumente (PI), Aerotech, Inc., Prior Scientific Instruments, and Cedrat Technologies are to name a few of the dominant players in the market
Global Nano Positioning Systems Market: Overview
In a genuinely combined worldwide nano positioning systems market, the best four players represent right around 75% offer in the market. Item improvement and enhancement are key apparatuses that most players have been falling back on so as to encourage their market share. Boosting the market for nano positioning systems is the surging interest for MEMS relying on capacitive sensors in buyer hardware and wearable market, the expanding interest for fired innovation for scaling down, and the rising need of piezoelectric actuators in aeronautic trade.
Going about as a limitation to the worldwide nano positioning systems market, then again, is the hysteresis misfortune and kickback which is adversely affecting the execution of position actuators. The deficiency of stream of outline and assembling data in mechatronic systems too is demonstrating counterproductive to the market. The global market for nano positioning systems is likely to rise at a CAGR of 13.4% between 2017 and 2025. The market was worth US$ 85.4 mn in 2016 and is likely to rise to US$264.1 mn by the end of 2025.
Global Nano Positioning Systems Market: Trends and Prospects
At the front line of driving interest in the worldwide nano positioning systems market is the growing interest for MEMS relying on capacitive sensors in purchaser gadgets and wearables market. "Expanding interest for infinitesimal structures and gadgets which consolidate optical, mechanical, and fluidic components with hardware, which are significantly littler than the smidgen of a sand and which gives an extremely basic structure, introducing various stirring structure being coordinated with microelectronics are the main considerations anticipated that would support the interest for MEMS based capacitive sensors amid the conjecture time frame," clarifies the lead expert of the report.
Aside from that, developing interest for fired innovation for scaling down and increasing need for piezoelectric actuators in airplane business are likewise serving to support development in the worldwide nano positioning systems market.
Representing a deterrent to the worldwide nano positioning systems market is the hysteresis misfortune and backfire which is contrarily affecting the execution of position actuators. Hysteresis identifies with the actuator's memory which lessens the impact of the info. It makes a slack amid yield identified with its quick information. The slacking impact squanders the vitality which is utilized to deliver revolving movement as a method of warming or vibration. This matter is little in nature, however for position actuator applications even a moment loss of movement produces measured mistake.
Global Nano Positioning Systems Market: Regional Outlook
Contingent on region, the key sections of the worldwide nano positioning systems market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Europe represented most extreme offer in the market in 2016 and extending at a hearty CAGR of 13.7% from 2017 to 2025, it is relied upon to develop its driving offer imperceptibly. Driving remarkable development in the nano positioning systems market in Europe is the developing interest for earthenware innovation for scaling down in various applications, for example, white light inferometry, accuracy laser machining, and expanding research in nano systems in the countries of Germany and France.
Global Nano Positioning Systems Market: Competitive Landscape
A modest bunch of noticeable players represent very nearly 75.0% offer in the worldwide market for nano positioning systems. This makes the aggressive scene solidified. Prior Scientific Instruments, Aerotech, Inc., Physik Instrumente (PI), and Cedrat Technologies are to give some examples of the overwhelming players in the market.
Physik Instrumente held the main offer of 31.1% in the worldwide nano positioning systems market in 2016. Its driving position has been realized by the proceeded with push on conveying out new items to allure more purchasers. Comparative methodologies have been utilized by different players in the market as well, to advance their positions.