August 10, 2011 – Marketwire — Sensors are experiencing faster growth than the overall semiconductor chip industry, according to the Q3 Sensors and MEMS Market Tracker released by MarketResearch.com. Sensors hit almost $7 billion in 2010, with 6.5 million units shipped.
The WSTS expects sensors to surge 18% in 2011 to $8.18 billion, and another 11% in 2012 to $9 billion. For 2013 the WSTS projects nearly another 10% for sensors sales (still almost twice the overall market) to just under $10 billion.
After unprecedented 2010 increases, total optoelectronics, sensors, and discretes (O-S-D) revenues are predicted to hit $58.3 billion in 2011, says IC Insights.
Touch and orientation electronics require sensors to operate, and are being integrated into increasing numbers of applications. Other sensors are also seeing strong demand from automotive, medical electronics, and security applications.
The micro electro mechanical systems (MEMS) and sensors tracker vital market statistics on revenue by product, market forecasts, regional forecasts, and breakouts for each application sector, such as computers and automotive.
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