The market for MEMS has been growing at a fast rate. Gyroscopes and accelerometers will account for a significant amount of the MEMS revenues. But growth will come as a result of a wide variety of emerging MEMS and will be driven by the growth of the Internet of Things (IoT), where MEMS devices will replace conventional sensors, and by the introduction of new sensor technologies. The new Semico Research report “MEMS Market Update: The New Driving Forces” projects that MEMS shipments will reach 43.3 billion units by 2018.
“Going forward, industrial and home automation are the new drivers for MEMS innovation as more devices with new sensing technologies are connected to the IoT,” says Tony Massimini, Semico Research’s Chief of Technology. “MEMS are growing in part as they replace conventional non-MEMS sensors in automotive and industrial applications. Accelerometers and microphones will account for the bulk of these shipments. Magnetometers, gyroscopes, pressure sensors, and actuators will also have significant volumes.”
Key findings of the report include:
- Sales of MEMS devices exceeded $14.3 billion in 2014.
- MEMS unit shipments grew 36.6 percent annually in 2014.
- From 2013 to 2018, Semico projects a CAGR of 28.4 percent for MEMS units.
- By 2018, industrial will be the second largest market reaching $5.3 billion.
In its recent report “MEMS Market Update: The New Driving Forces” (MP109-15), Semico Research presents the MEMS market and forecasts by the device type and by key end use markets. Readers will see which MEMS are growing fastest and in which market segments.
The report also discusses the latest trends in Sensor Fusion, the use of MEMS and sensors in IoT, and collaboration among companies and organizations involved with MEMS and sensors. The report is 52 pages long and includes 26 tables and 27 figures.