Global Microsensor Market To Reach Nearly $12 Billion In 2016
August 16, 2011
Wellesley, Mass. – In a recent release, MEMS: BIOSENSORS AND NANOSENSORS (IAS027B) from BCC Research (www.bccresearch.com), the global market for microsensors should reach nearly $5.9 billion 2011. That value is projected to reach nearly $12 billion in 2016, after increasing at a five-year compound annual growth rate (CAGR) of 15.3%.
The microsensor market can be broken down into three segments – microelectromechanical systems (MEMS), biochips, and nanosensors.
The segment made up of MEMS is expected to be worth nearly $3.2 billion in 2011 and in 2016 should be worth $6.5 billion, a CAGR 15.5%.
The segment made up of biochips, worth $2.7 billion for 2011, should be worth $5.4 billion in 2016, a CAGR of 14.9%.
The segment made up of nanosensors should total $6.5 million for 2011, and in 2016 should be worth $38.4 million, a CAGR of 42.7%.
Microsensors have proven to be a key enabling technology of developments in sectors such as transportation, telecommunications, and healthcare, but the range of microsensors applications covers nearly every sector. Compared to other sensor technologies, microsensors’ advantages include compact size, reduced power consumption, lower cost, and increased reliability. This report takes a hard look at the market for microsensors and tries to provide a road map to not just any or all technologies and applications related to microsensors, but the ones that are likely to enjoy the greatest commercial success in the years leading to 2016.
While it contains some detailed microsensor technology descriptions, the report is mainly intended for lay readers and not technologists. Marketing executives and those charged with asset allocation and corporate strategy, as well as entrepreneurs, investors, and venture capitalists, will find the report useful, and so will anyone interested in knowing where this technology is headed over the course of the next five years.
GLOBAL MICROSENSOR MARKET PROJECTIONS, 2010-2016
Source: BCC Research
MEMS: Biosensors and Nanosensors( IAS027B )
Publish Date: February 2011
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