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BCC Research Publishes A New Report On Global Markets For Microsensors
Date:9/21/2013

Wellesley, MA (PRWEB) September 21, 2013

According to a new technical market research report, MEMS: Biosensors and Nanosensors from BCC Research (http://www.bccresearch.com), the global market for microsensors was valued at $8.5 billion in 2012 and is expected to reach $9.5 billion by 2013. BCC Research projects the market to reach nearly $15.8 billion by 2018, and register a compound annual growth rate (CAGR) of 10.7%.

Microsensors have proven to be a key enabling technology for developments in sectors such as transportation, telecommunications, and health care, but the range of microsensors’ applications covers nearly every sector. The key advantage of microsensors is their ability to communicate easily with semiconductor chips. This advantage has proven to be a key enabling technology for development in sectors such as transportation, telecommunications, and health care. 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.

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 lesser success rates. As other technologies remain at the discovery and developmental stages; their eventual commercialization will require the commitment of sub
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