MEMS : Biosensors and Nanosensors

May 14, 2011 - PRLog -- Bharatbook.com has announced the addition of a new report "MEMS : Biosensors and Nanosensors" to their huge collection of market research reports. BCC estimates the global market for microsensors at nearly $5.2 billion in 2010, increasing to nearly $5.9 billion in 2011 and $12 billion in 2016, a compound annual growth rate (CAGR) of 15.3% between 2011 and 2016.

MEMS sensors account for the bulk of the microsensor market. This sector is projected to be worth nearly $3.2 billion in 2011 and is expected to increase at a 15.5% compound annual growth rate (CAGR) to reach $6.5 billion in 2016.

Nanosensors’ share should increase from 0.1% of the market to 0.3%. While this is the smallest market share, this sector represents the greatest growth rate. This market is projected to be worth $6.5 million in 2011 and $38 million in 2016, a 42.7% compound annual growth rate (CAGR).

Additional Information

INTRODUCTION

STUDY BACKGROUND

This report is an update of an earlier BCC Research report published in 2008. MEMS, biochips, and nano-sensors (referred to collectively in this report as microsensors) make up one of the fastest-growing technology areas, with sales of nearly $5.2 billion in 2010 and expected to grow at a compound annual growth rate (CAGR) of 15.5% between 2011 and 2016.

Microsensors have proven to be a key enabling technology of developments in sectors such as transportation, telecommunications, and healthcare, but the range of microsensors applications covers nearly every sector. The most significant advantage of microsensors is their ability to communicate easily with semiconductor chips. Other advantages include microsensors’ compact size, reduced power consumption, lower cost, and increased reliability. The growth in the use of microsensors has also led to the creation of supporting industries in areas such as design software, design services, specialty fabrication equipment, and fabrication facilities.

BCC has surveyed individual segments of the microsensor industry previously; for example, in its recent (2010) studies of the global market for microelectromechanical systems or MEMS, automotive sensors, medical device sensors, and environmental sensors. BCC initiated the present study to bring together these related markets as well as update the findings and conclusions of the earlier reports.


The range of microsensor products and applications has grown rapidly in the past few years, but it is important to avoid “hyping” their prospects. Although some types of microsensors (airbag accelerometers, for example) have had great commercial success, other types (such as most types of nanosensors) have enjoyed less success. Still other technologies are still at the discovery and developmental stages, and their eventual commercialization will require the commitment of substantial resources, with long payback periods and substantial financial risk.

To the extent that hype results in exaggerated investor expectation, it can divert investment from microsensor technologies that have real commercial potential. In the worst case, disappointed expectations can lead to a drying-up of investment funds, similar to the one that occurred in the dot-com sector after 2000. This report takes a hard look at the market for microsensors and tries to provide a road map to the technologies and applications that are likely to enjoy the greatest commercial success in the years through 2016.

GOALS AND OBJECTIVES

The goal of this report is to provide investors and others with information on the commercial potential of various microsensor technologies and applications to assist them in making the key business decisions that lie ahead. Specific objectives include identifying segments of the microsensor market with the greatest commercial potential in the near to mid-term (2011 to 2016), projecting future demand in these segments, and evaluating the challenges that must be overcome for each segment to realize its potential.

INTENDED AUDIENCE

While it contains descriptions of microsensor technologies, this report is intended especially for microsensor marketing executives and other executives charged with asset allocation and corporate strategy, as well as entrepreneurs, investors, venture capitalists, and other readers with a need to know where the market for microsensors is headed in the next 5 years. The report is written primarily for lay readers rather than technologists, but it should also be useful to readers in the research and development community who seek to anticipate future flows in R&D funding. Officials of related government programs such as the U.S. National Nanotechnology Initiative should also find the report interesting.

For more information kindly visit: www.bharatbook.com/detail.asp?id=192729&rt=MEMS-Biosensors-and-Nanosensors.html              

Related Reports:

Emerging MEMS Technologies & Markets - 2010 Report
www.bharatbook.com/detail.asp?id=134459&rt=Emerging-MEMS-Technologies-Markets-2010-Report.html

BioMEMS 2010
www.bharatbook.com/detail.asp?id=155400&rt=BioMEMS-2010.html

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