Worldwide Nano Positioning Systems Market

Thrust on Product Development and Diversification Drives Growth, Finds TMR

ALBANY, New York, June 20, 2017 /PRNewswire/ --

A handful of prominent players account for almost 75.0% share in the global market for nano positioning systems. This makes the competitive landscape consolidated. Physik Instrumente (PI), Aerotech, Inc., Prior Scientific Instruments, and Cedrat Technologies are to name a few of the dominant players in the market.

Physik Instrumente held the leading share of 31.1% in the global nano positioning systems market in 2016. Its leading position has been brought about by the continued thrust on bringing out new products to entice more consumers. Similar strategies have been employed by other players in the market too, to further their positions.

As per a report by Transparency Market Research, the global nano positioning systems market is slated to reach a value of US$264.1 mn in 2025 from US$85.4 mn in 2016 by rising at a robust 13.4% CAGR from 2017 to 2025.

Increasing Research in France and Germany Powers Europe Market 

Depending upon the type of actuator, the global nano positioning systems market can be segmented into MEMS-based electrostatic, Magneto-strictive, Electromagnetic, Piezo Actuator, etc. The Piezo actuators accounted for a dominant market share of 37.15% in 2016 and will likely retain their leading position going forward too. The report by TMR states that MEMs-based technology is being further investigated for its use in integration and performance.

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Depending upon geography, the key segments of the global nano positioning systems market are Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Of them, Europe accounted for maximum share in the market in 2016 and expanding at a robust CAGR of 13.7% from 2017 to 2025, it is expected to grow its leading share marginally. Driving phenomenal growth in the nano positioning systems market in Europe 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.