World MEMS Devices market is forecast to reach US$9.2 billion by the year 2015. Recovery in passenger car production coupled with depleting inventory buildup in the supply chain on wings of improving consumer demand, have revived MEMS shipments. Investments in new product development, innovation, and expansion of production capacity augur well for the future of the market. The automobile industry, which represents a major high volume end-user of MEMS technologies, was the worst affected by the recession with a punishing fall in vehicle sales pushing auto majors into the red. Although shielded to a degree by mandatory regulatory safety standards, especially in Europe and North America, automotive MEMS applications witnessed weakened business prospects as a result of the crushing effect of depressed automotive production.
ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Micro-Electromechanical Systems (MEMs) Devices - Global Strategic Business Report”
World MEMS Devices market is forecast to reach US$9.2 billion by the year 2015. Recovery in passenger car production coupled with depleting inventory buildup in the supply chain on wings of improving consumer demand, have revived MEMS shipments. Investments in new product development, innovation, and expansion of production capacity augur well for the future of the market.
The automobile industry, which represents a major high volume end-user of MEMS technologies, was the worst affected by the recession with a punishing fall in vehicle sales pushing auto majors into the red. Although shielded to a degree by mandatory regulatory safety standards, especially in Europe and North America, automotive MEMS applications witnessed weakened business prospects as a result of the crushing effect of depressed automotive production.
Following the automotive application vertical, the consumer segment hurt the worst with MEMS sensors, which are used in a wide range of consumer electronic devices, feeling the heat of soft consumer electronics demand. Specific segments such as mobile phones, PDAs, and business projectors fell harder than the rest. The recession also made a disproportionate impact on industrial production as a result of reduced manufacturing, commercial, and economic activity, thereby hurting industrial applications of MEMS such as in oil/gas exploration, instrumentation, and process industries, such as, food & beverage, chemicals, pharmaceuticals, plastics, rubber, textiles, among others.
In the telecommunication space, MEMS applications in optical networks also softened significantly. The telecommunication industry, like all other industries stood acutely impacted by the crisis. The fundamentals supporting the demand for increased bandwidth and fiber optic based communication services in this industry was temporarily tranquilized as network operators were necessitated to prune down investment outlays in the year 2008 and 2009 to hedge the financial weakness in the market as well as in the balance sheets.
With the recession now at its tail end, a sanguine future awaits the world MEMS market with MEMS device manufacturers focusing squarely on research and development of the technology to break into newer application areas. A game changing technology, MEMS currently stands at the helm of a major transformation in electronic architectural engineering. Microsensors and microactuators, which represent the hallmark of the ‘electromechanical’ domain are finding use in countless applications. Given the potential of the MEMS technology, and the value they offer to the power of miniaturization, integrators will reinforce their MEMS component stocks to develop new state-of-the-art products, which deliver key features and functionality involving MEMS technology. Although commoditization has already set in into high volume applications like consumer electronics, and automotives, the technology continues to witness radical changes in other sectors like industrial, healthcare, and semiconductor, wherein MEMS+IC are influencing the traditional architecture of System on Chip (SoC).
Ability of the MEMS technology to make medical diagnostic and monitoring technologies less invasive will garner special attention, especially so against a backdrop of a rapidly aging world population. The value proposition revolving around patient comfort, ease of drug delivery, and ensuing patient compliance will drive demand for MEMS in this space.
Beginning from 2011, MEMS displays will see encouraging growth due to demand for pico projectors and new MEMS flat-panel technologies for consumer electronics. ESC mandates will help spur the sales of accelerometers, gyroscopes, and high-pressure sensors, whereas TPMS mandates will propel MEMS pressure sensor sales by 2015. Europe and US account for a major share of the global Micro Electromechanical Systems (MEMs) Devices revenues, as stated by the new market research report. Global demand for MEMS in Medical/BioMedical End-Use is expected to increase at a robust pace during 2007 through 2015 period.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: Micro-Electromechanical Systems (MEMs) Devices - Global Strategic Business Report