Micro electro mechanical Systems (MEMS) Report on Technology Industry

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Micro electro mechanical Systems (MEMS)
Technology Industry
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Summary
The global market for MEMS devices and production
equipment was worth 11.7 billion in 2014. This
market is expected to reach 12.8 billion in 2015
and 21.9 billion by 2020, a compound annual
growth rate (CAGR) of 11.5 between 2015 and
2020. This report provides -An overview of the
global markets for microelectromechanical systems
(MEMS) technologies. -Analyses of global market
trends, with data from 2014, 2015, and
projections of compound annual growth rates
(CAGRs) through 2020. -Evaluations of the
challenges that must be overcome for each segment
to realize its potential in order to estimate the
probability of successful commercialization. -Mile
stones in the development of MEMS.
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STUDY BACKGROUND Microelectromechanical systems
(MEMS) are one of the fastest-growing technology
areas, with sales of 11.7 billion in 2014, which
are expected to grow at a compound annual growth
rate (CAGR) of 11.5 from 2015 through
2020. MEMS have proven to be key enabling
technologies for developments in transportation,
telecommunications and healthcare, but the range
of MEMS applications covers nearly every sector.
The most significant advantage of MEMS is their
ability to communicate easily with semiconductor
chips. Other advantages include MEMS compact
size, reduced power consumption, lower cost and
increased reliability. The growth in the use of
MEMS has also led to the creation of supporting
industries in areas such as MEMS design software,
design services, specialty fabrication equipment
and fabrication facilities.
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This Research last surveyed the MEMS industry in
2010. Since then, the range of MEMS products and
applications has grown rapidly. Some MEMS types
(e.g., airbag accelerometers) have had great
commercial success, whereas others have failed to
live up to their proponents expectations. MEMS
comprise an established industry, but it is
important to avoid hyping its prospects, as this
can divert investment from MEMS with real
commercial potential. Hype can result in
exaggerated investor expectations that are
subsequently disappointed, which can lead to a
drying up of investment funds, as happened in the
dot.com sector after 2000. This report takes a
hard look at the MEMS market and provides a road
map to the technologies and applications that are
most likely to be successfully commercialized in
the next five years.
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STUDY GOALS AND OBJECTIVES The goal of this
report is to provide investors and others with
information regarding the commercial potential of
various MEMS technologies and applications to
complement the growing body of technical
information. Specific objectives include
identifying segments of the MEMS market with the
greatest commercial potential in the near to
mid-term (2014 to 2020), projecting future demand
in these segments and evaluating the challenges
that must be overcome for each segment to realize
its potential to estimate the probability of
successful commercialization. INTENDED
AUDIENCE The report is intended especially for
entrepreneurs, investors, venture capitalists and
other readers with a need to know the direction
in which the MEMS market is headed over the next
five years.
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Other readers who should find the report
particularly valuable include MEMS marketing
executives and government officials associated
with the National Nanotechnology Initiative and
other state-level programs to promote the
development of the nanotechnology industry. The
reports findings and conclusions should also be
of interest to the broader nanotechnology
community. SCOPE AND FORMAT The report
addresses the global market for MEMS
applications. MEMS, which are devices that
integrate mechanical elements, sensors,
actuators, and electronics on a common silicon
substrate, typically have dimensions in the
1-micron to 100-micron range (1 micron 1
millionth of a meter). These devices are
sometimes also referred to as microsystems,
especially in Europe.
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The term MEMS is also used interchangeably with
terms such as nanotools and nanodevices, but the
scope of this report does not include either of
these technologies. The key distinction is one of
scale MEMS are measured in millimeters
(one-thousandth of a meter) or microns
(one-millionth of a meter), whereas nanotools and
nanodevices have dimensions or perform tasks on a
nanoscale (i.e., less than 100 nanometer, or one
10-millionth of a meter). Nanotechnology is only
addressed in this report to the extent that it is
a key enabling technology for some MEMS
types. The study format includes -Executive
summary. -Definitions. -Milestones in MEMS
development.
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METHODOLOGY AND INFORMATION SOURCES Projecting
the market for emerging technologies such as many
MEMS applications, whose commercial potential has
not yet been proven, is a challenging task. This
report uses a multiphase approach to identify the
MEMS applications with the greatest commercial
potential and to quantify the market for these
applications. In the first phase of the
analysis, the report has identified a long list
of potential MEMS applications, including those
that are still under development, and mapped them
against potential end-user industries, such as
information technology and electronics,
biotechnology and healthcare.
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In the second phase, MEMS applications that
appear to have little likelihood of making it
into commercial production in the next five years
were eliminated through a literature review and
statements by industry sources. The result of
this phase was the development of a short list of
applications and end-user industries with the
greatest near to mid-term commercial
potential. The third phase focused on
quantifying the potential broader market for each
short-listed MEMS application and identifying the
main prerequisites for commercial success.
Various methodologies and data sources were used
to develop the projections, including trend line
projections, input-output analysis and estimates
of future demand from industry sources.
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Table of Contents
1 INTRODUCTION 2 EXECUTIVE SUMMARY 3 MEMS
OVERVIEW 4 PATENT ANALYSIS 5 GLOBAL MEMS
MARKET 6 INDUSTRY STRUCTURE AND MARKET SHARES 7
COMPANY PROFILES
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To view the full Executive Summary and Table
of Contents, please visit Micro electro
mechanical Systems (MEMS) Technology
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