MEMS market will have 13％ CAGR to 2017, says Yole

Published:2012/7/6 2:15:00 Author:Ecco From:SeekIC

The market research firm Yole Developpement SA (Lyon, France) has made a report which indicates that the worldwide market for microelectromechanical systems components (MEMS) will be worth about $11.5 billion in 2012. It increase about 12.7 percent compared with the size of the market in 2011.

According to Yole's forecasts, motion sensing and microfluidic MEMS will have a continued strong growth and come to make up almost half of the total market of $21.1 billion in 2017. Although the market for discrete inertial sensors will begin to decrease in 2015 the growth for inertial combination sensors will more than compensate. Gyroscopes, magnetometers, accelerometers and combination sensors together will account for about 25 percent of the total in 2017, and microfluidics for 23 percent.

Laurent Robin, an analyst at Yole Developpement, said that "MEMS will continue to see steady, sustainable double digit growth for the next six years, with 20 percent compound average annual growth in units and 13 percent annual growth in revenues, to become a $21 billion market by 2017."

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