In its new market report, “MEMS Market Update: The New Driving Forces” (MP109-15), Semico Research forecasts strong growth for micro-electromechanical systems (MEMS) based on growing applications in the Internet of Things (IoT). The report includes information about MEMS devices including sensors, actuators and more. While accelerometers and microphones will account for the bulk of these shipments, magnetometers, gyroscopes, pressure sensors, and actuators will also have significant volumes.
Key findings of the report include:
- Sales of MEMS devices exceeded $14.3 billion in 2014.
- MEMS unit shipments grew 36.6% annually in 2014.
- From 2013 to 2018, Semico projects a CAGR of 28.4% for MEMS units.
- By 2018, industrial will be the second largest market reaching $5.3 billion
For more information about the report, click here.