Despite tough economic conditions overall, the market for Micro Electro Mechanical Systems (MEMS) is growing, according to a new report from In-Stat/MDR.
The high-tech market research firm reports that worldwide revenues for MEMS are forecast to grow from $3.9 billion in 2001 to $9.6 billion in 2006. In-Stat/MDR has also found that the shift from sensor driven revenues to non-sensor driven revenues continues. In 2001, non-sensor devices comprised nearly a third of total MEMS revenues, whereas by 2006, they will account for almost half.
What is more, the overall average selling price (ASP) for MEMS devices will actually increase 25% over the next five years, as more expensive, non-sensor devices enter the market.
Unit shipments will double over the next five years from 1.85 billion units in 2001 to 3.61 billion units in 2006, as the result of both the introduction of new devices, as well as the emergence of new applications.
According to the report, the communications and consumer sectors will see the highest CAGRs, based on revenues, through 2006, at 151.4% and 42.2%, respectively. However, the computer market will remain one of the largest revenue-generating segments, moving from second place in 2001, to first place in 2006.