Aug. 28, 2002 — A new report predicts the MEMS market will grow to $11 billion in 2005, triple its size in 2000.
The 100-page, $995 report, by Peripheral Research Corp., sees optical switches, sensors and medical devices as the MEMS industry’s biggest growth sectors. Sensors, in particular, will find new markets as increased production lowers prices.
The report’s figures are slightly more optimistic than those forecast in July by In-Stat/MDR. The market research firm predicted revenues for MEMS growing from $3.9 billion in 2001 to $9.6 billion in 2006.