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