NEW YORK, Nov. 5, 2015 /PRNewswire/ -- This BCC Research report looks at the MEMS market and provides a road map to the technologies and applications that are most likely to be successfully commercialized in the next five years. includes forecast through 2020.
Use this report to:
Receive information about various MEMS technologies and applications.
Identify segments of the MEMS market with the greatest commercial potential in the near to mid-term (2014 to 2020).
Receive information from the profiles of major players in the industry.
Evaluate the challenges that must be overcome for each segment to realize its potential to estimate the probability of successful commercialization.
The global market for MEMS devices and production equipment was worth $11.7 billion in 2014. This market is expected to reach $12.8 billion in 2015 and $21.9 billion by 2020, a compound annual growth rate (CAGR) of 11.5% between 2015 and 2020.
Microfluidic MEMS, the largest segment of this market, should total $5.3 billion in 2015 and is expected to increase at a CAGR of 11.2% to reach $9.0 billion by 2020.
Accelerometers should total $1.9 billion in 2015 and are expected to be worth $3.2 billion by 2020, registering a CAGR of 11.1%.
Microelectromechanical systems (MEMS) are one of the fastest-growing technology areas, with sales of $11.7 billion in 2014, which are expected to grow at a compound
annual growth rate (CAGR) of 11.5% from 2015 through 2020.
MEMS have proven to be key enabling technologies for developments in transportation, telecommunications and healthcare, but the range of MEMS applications covers nearly every sector. The most significant advantage of MEMS is their ability to communicate easily with semiconductor chips. Other advantages include MEMS' compact size,
reduced power consumption, lower cost and increased reliability.
The growth in the use of MEMS has also led to the creation of supporting industries in areas such as MEMS design software, design services, specialty fabrication equipment
and fabrication facilities.
BCC Research last surveyed the MEMS industry in 2010. Since then, the range of MEMS products and applications has grown rapidly. Some MEMS types (e.g., airbag
accelerometers) have had great commercial success, whereas others have failed to live up to their proponents' expectations.
MEMS comprise an established industry, but it is important to avoid hyping its prospects, as this can divert investment from MEMS with real commercial potential.
Hype can result in exaggerated investor expectations that are subsequently disappointed, which can lead to a drying up of investment funds, as happened in the
dot.com sector after 2000.
This report takes a hard look at the MEMS market and provides a road map to the technologies and applications that are most likely to be successfully commercialized in
the next five years.
STUDY GOALS AND OBJECTIVES
The goal of this report is to provide investors and others with information regarding the commercial potential of various MEMS technologies and applications to complement
the growing body of technical information. Specific objectives include identifying segments of the MEMS market with the greatest commercial potential in the near to
mid-term (2014 to 2020), projecting future demand in these segments and evaluating the challenges that must be overcome for each segment to realize its potential to
estimate the probability of successful commercialization.
SCOPE AND FORMAT
The report addresses the global market for MEMS applications. MEMS, which are devices that integrate mechanical elements, sensors, actuators, and electronics on a
common silicon substrate, typically have dimensions in the 1-micron to 100-micron range (1 micron = 1 millionth of a meter). These devices are sometimes also referred
to as microsystems, especially in Europe.
The term MEMS is also used interchangeably with terms such as nanotools and nanodevices, but the scope of this report does not include either of these technologies.
The key distinction is one of scale: MEMS are measured in millimeters (one-thousandth of a meter) or microns (one-millionth of a meter), whereas nanotools and nanodevices have dimensions or perform tasks on a nanoscale (i.e., less than 100 nanometer, or one 10-millionth of a meter). Nanotechnology is only addressed in this report to the extent that it is a key enabling technology for some MEMS types.
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