Tuesday, October 21, 2008
MEMS device growth will experience an impact from the credit crisis, since consumer products make up more than 50 percent of the MEMS market, a new report from The Information Network predicts. Neverthess, The Global MEMS Device, Equipment, and Materials Markets: Forecasts and Strategies estimates that new applications for MEMS in industrial, automotive, and other fields will lead to a 25 percent growth in 2008 to just over 2.5 billion units. On a dollar basis, the market will grow 11 percent, to $7.8 billion. The consumer portion of the total dollar value will exceed $3.5 billion of that $7.8 billion, the study predicts. In 2012, consumer applications of MEMS will reach $7.1 billion, approximately 46 percent of a total market of $15.4 billion.
Posted by R. Colin Johnson at 9:39 AM