According to a new technical market research report from BCC Research, the value of the global market for MEMS was an estimated $7.6 billion in 2009.
According to “Microelectromechanical Systems (MEMS) Technology: Current and Future Markets,” a new technical market research report from BCC Research, the value of the global market for MEMS was an estimated $7.6 billion in 2009. The market is expected to increase to $13.2 billion in 2014, for a five-year compound annual growth rate (CAGR) of 11.8%.
Microfluidic MEMS were the largest segment of the market in 2008, with a market share of more than 47%. Microfluidic MEMS’ importance reflects large sales of microfluidic MEMS inkjet heads, which totaled $2.7 billion, or almost 38% of the global MEMS market, in 2008. MEMS pressure sensors accounted for more than 11% of the market in 2008 and optical MEMS more than 10%.
Projected average annual growth rates in the microfluidics, pressure sensing and optical MEMS segments, however, are generally lower than those of other types of MEMS, and, as a result, these segments are expected to lose market share between 2008 and 2014. Accelerometers are expected to be the second-largest MEMS market segment (after microfluidics MEMS) by 2014, with more than 20% of the market. Gyroscopic, RF, and chemical and gas MEMS also are projected to gain market share between 2008 and 2014, while it is anticipated that pressure sensors and optical MEMS will lose share.
MEMS, which are devices that integrate mechanical elements, sensors, actuators and electronics on a common silicon substrate, typically have dimensions in the 1-100-micron range. These devices are sometimes also referred to as microsystems, especially in Europe. They have proven to be a key enabling technology for developments in sectors such as transportation, telecommunications and healthcare, but the range of MEMS applications covers nearly every sector. The most significant advantage of MEMS is their ability to communicate easily with semiconductor chips. Other advantages include MEMS’ compact size, reduced power consumption, lower cost and increased reliability. The growth in the use of MEMS has also led to the creation of supporting industries in areas such as MEMS design software, design services, specialty fabrication equipment and fabrication facilities.
Additional details are available at www.bccresearch.com