The microelectromechanical systems (MEMS) market will grow at a compound annual growth rate of 19.87 percent to nearly 6 billion units by 2009, reports market researcher In-Stat in Scottsdale, Ariz.
Funding for MEMS companies increased by 43.9 percent in 2004 from 2003 as the market continued to rack up strong sales. Year-over-year total MEMS revenues were up 32 percent from 2003 to 2004, In-Stat analysts say.
“There was strong growth in 2004 as Texas Instruments moved into the number-one position in terms of revenue with $880 million in sales of its DLP device,” says Frank Dickson, In-Stat analyst.
A report by In-Stat found the following:
- microfluidic devices accounted for nearly 69 percent of total unit shipments and 23 percent of total revenues in 2004;
- with more cell phones integrating RF MEMS devices and inertial sensors and the optical networking sector finally embracing MEMS technology, the communications market is forecast to experience the highest combined annual growth rate for unit shipments and revenues;
- despite the fragmented and niche-like nature of the industrial segment, it is the dominant segment in terms of revenue in 2004, and remains so throughout the forecast period; and
- the top 20 suppliers of MEMS devices accounted for 62.2 percent of revenues in 2004.
The report, 2005 MEMS Industry Overview and Forecast (#IN0502565ESCA), covers the worldwide MEMS industry. It contains forecasts in unit shipments and revenues by product category and by industry through 2009.
It also includes rankings of the top 20 MEMS suppliers and a detailed view of new products and developments.
For more information on this report, contact In-State online at www.in-stat.com/catalog/Scatalogue.asp?id=47, or contact Tina Sheltra by phone at 480-609-4531 or by e-mail at tina.sheltra@reedbusiness.com. The report costs $2,995.