Microelectromechanical Systems (MEMS) Technology: Current and Future Markets
Report Highlights
- 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.
Analyst Credentials
Andrew McWilliams, the author of this report, is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel, LLC. He is also the author of numerous other BCC Research studies, including the previous edition of this report as well as a number of other MEMS-related studies such as IAS027A Microsensors: MEMS, Biosensors and Nanosensors; BIO039B Biosensors and Bioelectronics; HLC038C Patient Monitoring; HLC016C Microelectronic Medical Implants: Products, Technologies, and Opportunities; SAS011B Global Mobile Positioning Markets: Commercial, Military, Homeland Defense; SMC036C Microfluidics Technologies; IFT057A Emerging RF Technologies; and IFT049A Digital Image Sensing, Storage, and Transfer.
Frequently Asked Questions (FAQs)
Report Highlights
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Microfluidic MEMS were the largest segment of the MEMS market in 2004, with a market share of over 44%. MEMS inkjet heads totalled $1.8 billion or almost 40% of the global MEMS market in 2004.
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Optical MEMS accounted for nearly 20% of the market in 2004 and MEMS pressure sensors over 18%.
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Accelerometers, which have a projected AAGR of 45% between 2005 and 2010, are expected to be the second largest MEMS market segment by 2010, with over 22% of the market. Gyroscopic MEMS and particularly RF MEMS are also projected to gain significant market share between 2004 and 2010.
Report Highlights
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By 2007, market revenues will approach $26.4 billion, at an average annual growth rate (AAGR) of 19.1%.
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Transportation and consumer products currently are two of the largest market sectors, representing respectively, some 31% and 36% of current revenues.
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By 2005, lab-on-a-chip products and services should finally enter the market place in large quantities.
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MEMS sales in both fiber-optics equipment and wireless systems, including next generation cell phones, will be the major market drivers in the telecom industry.
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However, there still are impediments to growth in almost every sector.