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MEMS to grow steadily until 2017

Posted: 06 Jul 2012 ?? ?Print Version ?Bookmark and Share

Keywords:MEMS? sensors? market report?

Yole Developpement SA says that MEMS devices will see double digit growth for 2012 to 2017, to reach $21 billion by 2017. The projected value for 2012 is $11.5 billion, up 12.7 percent over the size of the market in 2011.

Motion sensing and microfluidic MEMS, will see continued strong growth and come to make up almost half of the total market of $21.1 billion in 2017. Although the market for discrete inertial sensors will begin to decline in 2015, the growth for inertial combination sensors will more than compensate. Accelerometers, gyroscopes, magnetometers and combination sensors together will account for about 25 percent of the total in 2017, and microfluidics for 23 percent, Yole forecasts.

Combination sensors were a new and emerging product category in 2011 and the annual market is worth less than $100 million currently, but Yole expects that market to be worth $1.7 billion in 2017.

- Peter Clarke
EE Times

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