San Jose, CA (PRWEB) March 11, 2008
World market for Micro Electromechanical Systems is forecast to maintain a CAGR of over 12.3% over 2001-2010 and reach in excess of US$ 8.65 billion by the end of the decade. Telecommunication segment represents the fastest growing market for MEMS and would continue to register impressive growth at a compounded annual rate of 30.95% for the years 2001-2010.
Commercial/Industrial segment, by far the largest end-use market for MEMS, is likely to retain leadership in the coming years as well, with the market crossing US$ 4.8 billion in 2010. Computers constitute another significant end-user market for MEMS in terms of revenue potential. The solid growth of MEMS market is mainly attributed to increasing popularity of deep reactive ion etch and other process technologies in production of MEMS; and wafer-level bonding devices for packaging. The market offers numerous avenues for semiconductor makers, who are capable of bearing MEMS costs and overcoming production challenges.
Global MEMS market is characterized with a wide customer base ranging from telecommunications to consumer electronics, industrial and automotive industries. Reflecting the immense popularity and need of this technology, new products and technologies are introduced in the market at very frequent intervals. The overall MEMS market is a highly technology driven, and the product innovations are largely reliant upon customer requirements.
Accelerometers gained robustly in 2006, on account of rising usage in cell phones, specifically for peripheral applications including game controllers and pedometers. Microphone integrated cell phones also witnessed greater usage of MEMS. Pressure sensors are also garnering growing popularity in monitoring tire pressure. Detecting chemical and biological weapons is another emerging application area for the MEM sensors.
In future, the overall growth in the automobile and computing sector would have a major positive impact in the MEMS market. Albeit the dominance of commercial applications, especially from the automobile sector, MEMS market’s future expansion is likely to be driven by the burgeoning wave of applications within the communications industry, particularly on account of growing preferences of tech savvy consumers. Robotics is yet another segment proffering abundant growth prospects for MEMS.
Major companies covered include Analog Devices Inc., Apogee Technology Inc., BlueBird Optical MEMS Ltd., Colibrys Ltd, Coventor Inc., Dalsa Semiconductor, Fairchild Semiconductor Corporation, IntelliSense Software Corporation, Jazz Semiconductor, Kavlico Corporation, Kistler Instrument Corp., LSI Corporation, LioniX BV, MEMSCAP S.A., Motorola Inc, Memsic Inc., Micralyne Inc., NeoPhotonics Corporation, Silicon Microstructures, Inc., STMicroelectronics, and Texas Instruments Inc.
“Micro-Electromechanical Systems (MEMs): A Global Strategic Business Report”, published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, and Latin America. Analytics for the period 2001 through 2015 are provided in terms of End-Use segments including Commercial/Industrial, Medical/BioMedical, Telecommunication, Computers, and Other Applications.
For more details about this research report, please visit http://www.strategyr.com/Micro-Electromechanical_Systems_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com
###
Find More Electronic Circuits Press Releases
