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Microelectromechanical Systems Market Fueled by Advancements in MEMS Gyroscopes

The global microelectromechanical systems (MEMS) market size was estimated at USD 18.0 million in 2023 and is projected to reach USD 35.1 million by 2030, growing at a CAGR of 11.1% from 2024 to 2030. This growth is primarily driven by the increasing demand for advanced consumer electronics across the globe.

The widespread adoption of the Internet of Things (IoT) in the semiconductor industry has significantly enhanced the applicability of MEMS technology, offering valuable advantages to IoT devices, automotive systems, and semiconductor components. Furthermore, ongoing innovations in the automotive industry—particularly in areas like vehicle safety, connectivity, and autonomy—are contributing to the accelerated adoption of MEMS technologies.

Continuous research and development within the tech sector have fostered the creation of improved and innovative technologies. The MEMS market is benefiting from these advancements, with new products and enhanced applications emerging across diverse industries such as healthcare and automotive.

Over recent years, MEMS components have become integral to various everyday devices, including pressure sensors, accelerometers, fluid pumps, optical sensors, analyzers, and micro-robots. These systems are widely implemented in sectors like consumer electronics, biomedical equipment, optical displays, wireless and optical communication, aerospace, chemical processing, and microfluidics. The increasing number of application areas is expected to further propel market growth in the coming years.

Key Market Trends & Insights

  • Regional Insight: North America emerged as the largest revenue-generating region in 2023.
  • Segment Insight: Inertial sensors generated USD 18.0 million in revenue in 2023 and are expected to remain the fastest-growing sensor type during the forecast period.

Market Size & Forecast Summary

  • 2023 Market Size: USD 18.0 Million
  • 2030 Projected Market Size: USD 35.1 Million
  • CAGR (2024–2030): 11.1%
  • Largest Market (2023): North America

Order a free sample PDF of the Microelectromechanical Systems Market Intelligence Study, published by Grand View Research.

Key Company Insights

Leading players in the MEMS market are actively working to expand their global presence and customer base through strategies such as mergers and acquisitions, product innovation, geographic expansion, and strategic partnerships. Prominent companies include Broadcom, Goertek, Honeywell International Inc., Texas Instruments Incorporated, Panasonic Corporation, and HP Development Company, L.P.

  • Panasonic Corporation, a renowned name in electronics, offers advanced MEMS products including gyro sensors and 6-in-1 inertial sensors.
  • HP Development Company, L.P. provides low-power, ultra-sensitive MEMS accelerometers and seismic sensors tailored for the oil and gas sector.

Leading Microelectromechanical Systems Companies

  • Analog Devices, Inc.
  • Broadcom
  • DENSO CORPORATION
  • Goertek
  • HP Development Company, L.P.
  • Honeywell International Inc.
  • Infineon Technologies AG
  • Knowles Electronics, LLC
  • NXP Semiconductors
  • Panasonic Corporation
  • Qualcomm Technologies, Inc.
  • Robert Bosch GmbH
  • STMicroelectronics
  • TDK Corporation
  • Texas Instruments Incorporated

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global microelectromechanical systems market is witnessing robust growth, fueled by the proliferation of consumer electronics, expanding IoT adoption, and innovations in key industries such as automotive and healthcare. With North America leading in market share and inertial sensors dominating the segment, the future outlook remains strong. Continued advancements and strategic initiatives by major players are expected to further strengthen the market, making MEMS a cornerstone technology across various industrial applications.

Microcrystalline Cellulose Market Strengthens Amid Rising Demand for Binders

The global microcrystalline cellulose (MCC) market size was estimated at USD 1,110.54 million in 2023 and is projected to reach USD 1,805.06 million by 2030, expanding at a CAGR of 6.3% from 2024 to 2030. Microcrystalline cellulose is extensively utilized as a binder, filler, and disintegrant in pharmaceutical tablet formulations, as well as a bulking and anticaking agent in the food industry.

Its inert characteristics, high compressibility, and capacity to enhance powder flow properties make MCC a preferred choice in various manufacturing applications. Derived from refined wood pulp, MCC consists of small, loosely packed microcrystals with a large surface area. Its widespread usage spans multiple industries—including food & beverages, pharmaceuticals, and personal care—thanks to attributes such as low bulk density, exceptional binding capacity, and superior compressibility. The production of MCC involves several steps including pulping, purification, hydrolysis, depolymerization, washing and drying, sizing and shaping, and final packaging.

In the pharmaceutical sector, MCC serves as an essential excipient in tablet and capsule production, valued for its chemical inertness and mechanical properties. Simultaneously, rising global health awareness is propelling the demand for dietary supplements and functional foods, in which MCC is increasingly used as a bulking or anti-caking component.

Within personal care and cosmetics, MCC functions as a texture modifier, absorbent, and binding agent. The expanding cosmetics market and consumer preference for high-quality products are driving growth in MCC usage in this segment. The ingredient’s versatility continues to bolster its appeal across diverse end-use sectors.

Despite its broad utility, MCC production—based on cellulose sources like wood pulp and cotton—can be cost-intensive. This limits its application in cost-sensitive regions or sectors. Additionally, regulatory compliance varies by region and product category, potentially adding to operational complexity and cost.

Order a free sample PDF of the Microcrystalline Cellulose market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights

  • North America led the global market with a 33.0% share in 2023.
  • The U.S. market is expected to show consistent growth in the coming years.
  • Wood-based MCC dominated the source segment, accounting for 64.7% share in 2023.
  • The powder form of MCC was the most prominent, leading the market in 2023.
  • Pharmaceuticals remained the leading application segment, contributing 34.0% of the market share in 2023.

Market Size & Forecast

  • 2023 Market Size: USD 1,110.54 Million
  • 2030 Projected Market Size: USD 1,805.06 Million
  • CAGR (2024–2030): 6.3%
  • Largest Market in 2023: North America

Leading Microcrystalline Cellulose Companies

Several key players dominate the MCC market, including:

  • Roquette Frères – A global leader inplant-based ingredients with strong expertise in MCC for food, pharmaceutical, and cosmetic sectors.
  • JRS PHARMA
  • Asahi Kasei Corporation – A diversified multinational focused on sustainable MCC production.
  • SEPPIC
  • International Flavors & Fragrances Inc.
  • Apollo cientific Ltd. – A provider of specialty chemicals and intermediates for pharmaceutical and biotech sectors.
  • Ankit Pulps – Known for GMP-compliant manufacturing and R&D capabilities in MCC production.
  • Godavari Biorefineries Ltd.
  • DFE Pharma
  • Fengchen Group Co., Ltd.
  • Foodchem International Corporation

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global microcrystalline cellulose market is witnessing steady growth, fueled by its extensive application across pharmaceuticals, food & beverages, and personal care industries. With favorable properties like inertness, binding efficiency, and compressibility, MCC remains a critical excipient and additive. As consumer demand for health-focused and high-quality products increases, and as industries seek reliable functional ingredients, MCC’s relevance continues to rise. However, production costs and regulatory considerations may present challenges in specific markets. Nevertheless, the ongoing innovation and investment by major players are expected to support long-term growth and market expansion.

Smokehouse Market Driven by Demand for Premium-Quality Smoked Meat and Fish Products

The global smokehouse market size is anticipated to reach USD 176.7 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 2.8% from 2024 to 2030. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth.

Key market participants have been focusing on innovation and new product development to manufacture environment-friendly components using latest technologies. Most manufactures have been focusing on electric grills to help reduce air pollution caused on account of burning charcoal and wood.

North America was the dominant region occupying over 35.0% of the revenue share in 2017. It is projected to account for a major share of the market over the forecast period on account of increasing popularity among young adults for cookouts.

Europe is expected to account for the second largest market share in 2017. In addition, the demand for portable products is expected to grow over the forecast period owing to increase in the number of family outings and picnics.

The smokehouse market is characterized by the presence of major companies as well as small- and medium-scale regional players. Some of the major players in the market engage in strategic developments to boost their sales and revenue by expanding their reach and providing customized services to customers.

Key players operating in the industry are The Weber-Stephen Products LLC, KitchenAid, Lynx Grills, and Viking Range Corporation among various others.

Get a preview of the latest developments in the Smokehouse Market! Download your FREE sample PDF today and explore key data and trends

Smokehouse Market Report Highlights

  • The outdoor segment dominated the market with a revenue share of 58.8% in 2023. This dominance is attributed to the growing popularity of outdoor cooking and barbecuing, which has become a favored pastime for many consumers.
  • Electric grill accounted for the largest revenue share of 44.6% in 2023. This significant share is attributed to the convenience and ease of use of electric grills, making them popular among consumers.
  • North America’s smokehouse market accounted for the largest revenue share of 37.4% in 2023. This dominance is attributed to the high prevalence of grill ownership in the region, with nearly every household owning a grill.

Key Smokehouse Company Insights

Some key companies in the smokehouse market include R & V Works (Cajun Fryer), Alto-Shaam, Inc., Town Food Service Equipment Co., Inc., Weber-Stephen Products LLC, Pro Smoker, and others.       Companies are focusing on launching new features and increasing product ranges. Moreover, key players are taking several strategic initiatives, such as mergers and acquisitions and partnerships with other major companies.

  • R & V Works, known for its Cajun Fryer brand, is a prominent player in the smokehouse market. It specializes in outdoor cooking products, including fryers, smokers, and grills, which are highly regarded for quality and performance. Furthermore, its product line includes the Cajun Express Smoker, which is designed to deliver consistent smoking results with minimal effort.
  • ScottPec, Inc. is a notable smokehouse market player known for its innovative and high-yield food processing equipment. Its smokehouses are designed to deliver the best smoke flavor and color in the shortest possible smoking cycle time.

List of Key Players in the Smokehouse Market

  • R & V Works (Cajun Fryer)
  • Alto-Shaam, Inc.
  • Town Food Service Equipment Co., Inc.
  • Weber-Stephen Products LLC
  • Pro Smoker
  • ScottPec, Inc.
  • Smokehouse Products  
  • Walton’s Smokehouse
  • Viking Range Corporation
  • Lynx Grills, Inc.
  • Wolf Steel, Ltd.
  • Char-Broil LLC

Gather more insights about the market drivers, restrains and growth of the Global Smokehouse Market

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