Dallas, Texas (PRWEB) August 28, 2013
This report provides an overview of the global market for microelectromechanical systems (MEMS), which consist of sensing devices that integrate mechanical elements, sensors, actuators, and electronics on a common silicon substrate, and typically have dimensions in the 1-micron to 100-micron range; as well as biosensors and nanosensors.
Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
Discussion of how 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.
Identification of technologies that are still at the discovery and developmental stages, with an explanation as to why their eventual commercialization will require the commitment of substantial resources, with long payback periods and substantial financial risk.
Examination of industry structure, market dynamics, and market shares.
Comprehensive company profiles of major players.
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This report is an update of an earlier report published in 2011. Microelectromechanical systems (MEMS), biochips, and nanosensors (referred to collectively in this report as microsensors) make up one of the fastest-growing technology areas, with sales of more than $8.5 billion in 2012 that are expected to grow at a compound annual growth rate (CAGR) of 10.7% between 2013 and 2018.
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 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.
Report has surveyed individual segments of the microsensor industry previously—for example, in its recent studies of the global market for MEMS, automotive sensors, medical device sensors, and environmental sensors. Report 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 remain 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 for the technologies and applications that are likely to enjoy the greatest commercial success in the years through 2018.
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 term to mid-term (2013 to 2018), projecting future demand in these segments, and evaluating the challenges that must be overcome for each segment to realize its potential.
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 five 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.
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