2012-11-30 09:03:33 -
Microelectromechanical Systems (MEMS) Technology: Current and Future Markets - a new market research report on companiesandmarkets.com
- The global market for MEMS devices and production equipment was worth $7.2 billion in 2008, and $7.6 billion in 2009. This market will reach $13.2 billion in 2014, a compound annual growth rate (CAGR) of 11.8% between 2009 and 2014.- Microfluidic MEMS were the largest segment of the MEMS market in 2008 but are expected to lose market share. This sector was valued at $3.5 billion in 2009 and is expected to increase at a compound annual growth rate (CAGR) of 4% to reach $4.3 billion in 2014.- Accelerometers, which have a projected compound annual growth rate (CAGR) of 29.9% through 2014, are expected to be the second-largest MEMS market segment (after microfluidics MEMS), with more than 20% of the
market. This sector was valued at $720 million in 2009 and is expected to be worth $2.7 billion by 2014.
Microelectromechanical systems (MEMS) are one of the fastest growing technology areas, with sales approaching $7.2 billion in 2008 and expected to grow at a compound annual growth rate (CAGR) of nearly 12% from 2009 through 2014.MEMS have proven to be a key enabling technology of 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.
Since 2006, the range of MEMS products and applications has grown rapidly. Although some types of MEMS (e.g., airbag accelerometers) have had great commercial success, other types (such as fiber-optic MEMS) have at least so far failed to live up to their proponents´ expectations.Although MEMS are an established industry, it is important to avoid "hyping" its prospects, especially the hype that can divert investment from MEMS with real commercial potential. To the extent that hype results in exaggerated investor expectations that are subsequently disappointed, it can lead to a drying-up of investment funds, such as happened in the dot.com sector after 2000.
This report takes a hard look at the MEMS market and tries to provide a road map to the technologies and applications that are most likely to be successfully commercialized in the next 5 years.STUDY GOALS AND OBJECTIVES
The goal of this report is to provide investors and others with information on the commercial potential of various MEMS technologies and applications, to complement the growing body of technical information. Specific objectives include identifying segments of the MEMS market with the greatest commercial potential in the near to mid-term (2008-2014), projecting future demand in these segments, and evaluating the challenges that must be overcome for each segment to realize its potential in order to estimate the probability of successful commercialization.INTENDED AUDIENCE
The report is intended especially for entrepreneurs, investors, venture capitalists, and other readers with a need to know where the MEMS market is headed in the next 5 years. Other readers who should find the report particularly valuable include MEMS marketing executives and government officials associated with the National Nanotechnology Initiative and other state-level programs to promote the development of the nanotechnology industry. The report´s findings and conclusions should also be of interest to the broader nanotechnology community.SCOPE AND FORMAT
The report addresses the global market for MEMS applications. MEMS are devices that integrate mechanical elements, sensors, actuators, and electronics on a common silicon substrate, and typically have dimensions in the 1-micron to 100-micron range. (1 micron = 1 millionth of a meter). These devices are sometimes also referred to as microsystems, especially in Europe.
Sometimes the term MEMS is also used interchangeably with terms such as nanotools and nanodevices, but the scope of this report does not include either nanotools or nanodevices. The key distinction is one of scale: MEMS are measured in millimeters (1 thousandth of a meter) or microns (1 millionth of a meter), while nanotools and nanodevices have dimensions or perform tasks on a nanoscale (i.e., less than 100 nm or one 10 millionth of a meter). Nanotechnology is only addressed in this report to the extent that it is a key enabling technology for some types of MEMS.The study format includes the following major elements:* Executive summary
* Definitions
* Milestones in the development of MEMS
* Current and potential MEMS applications
* MEMS applications and end users with the greatest commercial potential through 2014
* Global MEMS market trends, 2008 to 2014
* Factors that will influence the long-term development of MEMS
* MEMS market shares and industry structure.Chapters from this report can be purchased separately. Please contact us to find out more about this offer.
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