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Demand from the consumer electronics market is driving growth in global MEMS market

Press release October 1, 2014 Mems market, mems industry, mems market report

This report touches on the latest development of MEMS and includes MEMS applications in medical, consumer electronics and automotive industrie.

Micro Electromechanical Systems has recently been introduced in consumer electronic devices like smartphones and tablets which is pushing growth in the market. MEMS are most widely used in accelerometers, gyroscopes, and microphones. Experts have also found its use in the semiconductor industry.

This report: Worldwide MEMS Market Development and Applications provides a detailed analysis of the market and focuses on the major players, recent developments and key drivers of the Worldwide MEMS Market Development and Applications. It also assesses the key opportunities and essential trends in the market and outlines the factors that are present in the market and those which will be driving the growth of industry in the given forecast period.

Market overview

The global market for MEMS was worth USD 11.5 billion in 2012. Research states that the market is expected to witness steady growth in the coming years, raking in USD 21 billion by the year 2017.  Motion sensing and microfluidic MEMS will continue to witness strong growth and is expected to take up half of the total market share. Although the market for discrete inertial sensors will begin to slow down in 2015, inertial combination sensors are expected to make up for the loss. Accelerometers, gyroscopes, magnetometers and combination sensors together will account for about 25 percent of the total share in 2017, while micro fluids will account for 23%. The combination sensors market on the other hand is expected to be worth USD 100 million.

Key players

The key players in the global mems industry include Apple, ASE, Bosch Sensortec, KYEC, Lingsen Precision, Nintendo, Samsung, Sony, STMicroelectronics, Texas Instruments.

For further insights,

Visit: http://www.researchonglobalmarkets.com/pubmod/index/getsample/id/80790

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SOURCE:  Researchonglobalmarkets.com

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Mems market, mems industry, mems market report


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