Report Highlights
The global market for MEMS devices and production equipment was worth $11.7 billion in 2014. This market is expected to reach $12.8 billion in 2015 and $21.9 billion by 2020, a compound annual growth rate (CAGR) of 11.5% between 2015 and 2020.
Report Includes
- An overview of the global markets for microelectromechanical systems (MEMS) technologies.
- Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Evaluations of the challenges that must be overcome for each segment to realize its potential in order to estimate the probability of successful commercialization.
- Milestones in the development of MEMS.
- Current and potential MEMS applications.
- MEMS applications and end users with the greatest commercial potential through 2020.
- Factors that will influence the long-term development of MEMS.
- MEMS market shares and industry structure.
- Profiles of major players in the industry.
Report Scope
The report addresses the global market for MEMS applications. MEMS, which are devices that integrate mechanical elements, sensors, actuators, and electronics on a common silicon substrate, 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.
The term MEMS is also used interchangeably with terms such as nanotools and nanodevices, but the scope of this report does not include either of these technologies. The key distinction is one of scale: MEMS are measured in millimeters (one-thousandth of a meter) or microns (one-millionth of a meter), whereas nanotools and nanodevices have dimensions or perform tasks on a nanoscale (i.e., less than 100 nanometer, 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 MEMS types.
The study format includes:
- Executive summary.
- Definitions.
- Milestones in MEMS development.
- Current and potential MEMS applications.
- MEMS applications and end users with the greatest commercial potential through 2020.
- Global MEMS market trends from 2014 to 2020.
- Factors that will influence the long-term MEMS development.
- MEMS market shares and industry structure.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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.
Report Highlights
-
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.
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