The latest iSuppli Corp. research report on microelectromechanical systems (MEMS) projects that demands from consumer electronics products and wireless applications will push the global market for MEMS devices to $8.8 billion by 2012. The market was sized at $6.1 billion in 2006.

MEMS sensors are seen as one of the strong growth areas according the the report. iSuppli's Director and Principal Analyst for MEMS, Jeremie Bouchard, explains that "the markets for mainstay MEMS actuator products--like inkjet heads and Digital Light Processor (DLP) chips from Texas Instruments--finally have passed the baton to MEMS sensors to drive the next growth wave in the market." He adds that "the new wave is partly founded in the rapid rise of consumer electronics applications such as motion sensors for gaming, laptops, and digital still cameras. Mobile handsets will also be a strong area." iSuppli projects that MEMS sensor revenue in the mobile handset market will rise at a 22.9-percent compound annual growth rate (CAGR) to reach $925 million by 2012.

Related Articles

  1. Smart Phones Keep MEMS Industry Healthy
  2. The Poor Economy Hits The Mobile Market, Too