According to the latest forecast of Yole Developpement, a market research institute in France, the global micro-electromechanical systems (MEMS) component market will reach 11.5 billion U.S. dollars in 2012, which represents a growth of 12.7% from 2011.
"The MEMS market will continue to exhibit stable two-digit growth over the next six years, with a compound average annual growth rate of 20% for shipments, and a compound average annual growth rate of revenue of 13%. By 2017, the The market size will reach 21 billion U.S. dollars,†Yole pointed out in a statement.
Motion sensing and microfluidic MEMS components will continue to grow strongly, and will account for about 50% of the overall MEMS market in 2017; in addition, discrete inertial sensor components will begin to decline in 2015, while the combined inertial sensor components It will grow substantially.
Yole estimates that accelerometers, gyroscopes, magnetometers, and combined sensor components will collectively account for about 25% of the overall MEMS market revenue in 2017, and microfluidic components will occupy 23%. The combined sensor is a new product field that appeared only in 2011. The current market size is less than 100 million U.S. dollars; but Yole predicts that the market will reach a scale of 1.7 billion U.S. dollars by 2017.
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