US demand to advance nearly 20% per annum through 2008
The US market for MEMS is projected to continue its budding recovery, increasing just over 19 percent per annum through 2008 to $3.3 billion. Fueling gains will be ongoing improve-ment in tech sector business fundamentals, advances in MEMS design and fabrication techniques, and an expanding scope of applications for MEMS-based solutions.
The fledgling MEMS business was adversely impacted by the early 2000s tech sector down-turn, with revenue growth just modestly positive in 2002, followed by a moderate pickup in 2003 that accompanied the recovering macroeconomy.
Emerging applications to fuel future growth
Optical switches for telecommu-nications networks -- which had been one of the fastest growing segments of the MEMS market near the turn of the millennium --was particularly hard hit, as capital spending in the telecom sector literally dried up begin-ning in 2001. By contrast, demand for MEMS-based microdisplays held up relatively well, providing offsetting support to the market as a whole.
The three best established segments of the MEMS market -- air bag accelerometers, ink-jet printer heads and blood pres-sure monitors -- are becoming mature, and will see respectable but by no means stellar gains in the near term. As a result, new products and emerging applica-tions hold the best prospects.
Along with optical telecom networks, these include radio frequency (RF) switches for wireless phones, biochips for complex biomedical testing and analysis, tire pressure monitor-ing sensors for motor vehicles, and gyroscopes used for angle rate measurement in numerous applications within the automo-tive, aerospace and industrial sectors.
Fledgling US industry still evolving
Given the still evolving stage of MEMS product design and fabrication technologies, as well as the emerging nature of many markets, a MEMS industry in the classical sense had yet to emerge as of the early/mid 2000s, on either a US or global basis. Companies participating in the MEMS business range from small technology-driven concerns such as MEMSCAP and Calient Networks to large corporate entities like Analog Devices and Texas Instruments.
Study coverage
These and other findings are examined in the new Freedonia study, MEMS: Micro-Electromechanical Systems, priced at $4100. It details US markets for MEMS, with an emphasis on high-growth applica-tions, fabrication/production processes and industry development.
The study provides histori-cal data through 2003 plus forecasts to 2008 and 2013 in US dollars for MEMS-based markets by product and application. In addition, it assesses the macro-economic environment, analyzes strategic variables driving competition, and profiles 48 firms in the US MEMS business.
This study can help you:
- Determine your market & sales potential
- Learn more about industry competitors
- Assess new products & technologies
- Identify firms to merge with or acquire
- Complement your research & planning
- Gather data for presentations
- Confirm your own internal data
- Make better business decisions
Freedonia's methods involve:
- Establishing consistent economic and market forecasts
- Using input/output ratios, flow charts and other economic methods to quantify data
- Employing in-house analysts who meet stringent quality standards
- Interviewing key industry participants, experts and end-users
- Researching a proprietary database that includes trade publications, government reports and corporate literature
COMPANY PROFILES
presented for 48 US industry players such as Analog Devices, Calient Networks, MEMSCAP and Texas Instruments
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