MEMS Market Expected to Soar in Coming Years

Sept. 8, 2010
Systems based off tiny sensors finding increased presence in industrial and medical sectors.

Revenue for so-called high-value microelectromechanical systems (MEMS) is expected to grow rapidly in the coming years, as a result of socio-environmental issues, such as global warming and aging populations, according to market research firm iSuppli Corp.

High-value MEMS revenue is projected to grow nearly 29.7% in 2010, reaching $1.6 billion, with the number of MEMs units shipped projected to reach 103 million units this year, up from about 86.8 million in 2009, the firm said.

MEMS technology, which are systems which feed off small sensors and actuators, are finding an increased presence in industrial, medical, energy, optical telecom and aerospace-defense segments.

According to iSupplis five-year forecast, high-value MEMS revenues will hit an estimated $2.6 billion in 2014.

The rapid growth of high-value MEMS is being driven by global trends that highlight the unique value proposition that the tiny devices bring to countless applications, said Richard Dixon, senior analyst at iSuppli. For instance, MEMS microvalves, pressure sensors and flow sensors are used to help reduce energy consumption in industrial processes, residential heating and transportation systems.

Within the high-value MEMS market, industrial applications such as building automation and semiconductor manufacturing dominate, accounting for approximately 56% of overall high-value MEMS revenues projected for 2010, according to iSuppli. Medical electronics are in second place, followed by aerospace-defense in third and wired communications in fourth.

Popular Sponsored Recommendations

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Digital Production Tracking: How Connected Platforms with No-Code Deliver Value

Sept. 19, 2023
Manual tracking lacks the real-time visibility manufacturers need to identify root causes and remain competitive. Digital, connected production tracking is crucial for your operations...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!