Global Micro-Electro Mechanical Systems (MEMS) Market Analysis and Forecast (2013 – 2018) 03/03/2013 | Page 11

2. EXECUTIVE SUMMARY Miniaturized mechanical, electro-mechanical components are called micro-electro mechanical systems (MEMS). MEMS are currently being used in a lot of consumer electronic devices, chemical and healthcare industries for a variety of purposes. Manufacturing processes, deposition and etching play a key role in this market. Some of the exciting new opportunities and will be key growth drivers for this market include deployment of MEMS in networks for climate monitoring, oil exploration and production, structural health monitoring, smart highway infrastructure. Bosch, STMicroelectronics, Texas Instruments, HP and Canon are the top 5 companies operating this market currently. The MEMS Equipment Market is slated to grow at 19% CAGR for the next five years. The Market is estimated to reach $29.3bn by 2018. TABLE 15: GLOBAL MEMS MARKET DEMAND ANALYSIS TABLE BY TYPE (2013-2018) TYPE 2013 2015 2017 2018 CAGR (%) Gyroscopes Accelerometers Micro fluidics Bio MEMS Pressure Sensors xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx 2013-2018 xx xx xx xx xx Actuators xx xx xx xx xx others xx xx xx xx xx Total 12.3 xx xx 29.3 19% Source: IndustryARC Analysis The demand for MEMS is growing at a very fast pace across the globe. These sensors are becoming the focal point of all the systems, making them capable of sensing external movements. The companies involved in the MEMS market are collectively striving to make MEMS part of more and more electronics and simplify the integration of the sensors into these systems. The MEMS are used widely in various industrial applications to consumer electronics like smart phones and Notebooks. In some notebooks the MEMS are integrated in order to protect hard drive from damage in case of freefall. IndustryARC | 11