Compact size, light weight and low costs are driving the demand for MEMS products across various applications. The small form factor of Micro Electro Mechanical Systems (MEMS) enables them to fit on a broad range of products including mobile phones, digital cameras, motion games, blood pressure monitoring, airbags, hands free communication systems, inertial measurement units (IMU), laptops, iPods, hearing aid, pillcams and so on. MEMS technology is the integration of mechanical elements, sensors, actuators and electronics on a compact silicon chip through micro fabrication technology. MEMS products provide the optimal solution to consumer electronics applications that require cheap components.
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The demand for MEMS products in automotive applications has been directly hit by the global economic recession. The MEMS products market experienced a negative growth rate during 2008 and 2009. Global Markets Direct, in consensus with the industry experts, estimates that there will be accelerated growth of MEMS products in the automotive applications from 2012 onwards. This growth is expected because of government mandates for Electronic Stability Control (ESC) systems. Global Markets Direct interviews with industry experts corroborates the expectation of high growth of the MEMS devices in automotive sector from 2012 onwards due to rapid take off of ESC systems in the US and Europe.
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Global Markets Direct, the leading business intelligence provider, has released its latest research, “Global Micro Electro Mechanical Systems (MEMS) Market Analysis and Forecasts to 2015” which provides in-depth analysis of the MEMS market. The report provides detailed assessment of the global MEMS industry with market revenue forecasts to 2015. The research covers revenue shares of the various MEMS products such as inkjet heads, accelerometers, gyroscope, pressure sensors, microphones, RF MEMS and others. The report identifies the key growth regions of the world for MEMS products sales in the section that provides region-wise analysis. It also reviews the revenue trends for the major MEMS end-users that include consumer electronics, automotive and aeronautics, medical and life science, industrial and other emerging segments. The report’s treatment of the global ultracapacitor market is comprehensive with dedicated sections on technology landscape, competitive landscape, investment trends, and regulatory framework.
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