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Health consciousness fuels quadruple growth for MEMS sensors

Posted: 11 Apr 2013 ?? ?Print Version ?Bookmark and Share

Keywords:MEMS? health devices? motion sensors? Bluetooth 4.0?

People nowadays are become more concerned about their health. Wearable electronics and fitness devices, such as smart wristwatches that record heart rates and intelligent armbands that track physical activities, have piqued the interest of health-conscious consumers. This increased attention, says IHS iSuppli, will cause shipments of microelectromechanical system (MEMS) sensors used in these devices, to more than quadruple within the next five years.

Starting with a stable base in the $20 million range, revenue for MEMS motion sensors in wearable electronics and fitness monitoring is set to climb to $31 million this year and then jump 33 per cent to $41.3 million in 2014, IHS noted. An even larger increase, equivalent to 47 per cent, will occur in 2015 when takings amount to $60.8 million.

"The biggest leap will occur in 2016 when annual revenue rises 50 per cent to $91.5 million," said Marwan Boustany, senior analyst for MEMS & sensors at IHS. "That means the market by then will have expanded by more than a factor of four from $20.8 million in 2011."

MEMS in health devices

Worldwide revenue forecast for MEMS motion sensors in wearable and fitness devices (millions of U.S. Dollars)
Source: IHS iSuppli Research, April 2013

Two trends are spurring demand for wearable and mobile health technology, in turn fueling the MEMS motion sensor market for wearable and mobile health devices, said Boustany. "One trend is the higher average life expectancy of people all over the world, coupled with the amplified prevalence of illnesses like cardiovascular disease and diabetes. The second trend arises from greater awareness in the population of health, fitness and wellness issuesindicated by the rapid growth in demand for healthy nutrition, diet programmes, gym memberships and even health-based mobile applications."

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