COLORADO SPRINGS, Colo. - MEMS device growth will experience an impact from the credit crisis, since consumer products make up more than 50 percent of the MEMS market, a new report from The Information Network predicts.
Neverthess, The Global MEMS Device, Equipment, and Materials Markets: Forecasts and Strategies estimates that new applications for MEMS in industrial, automotive, and other fields will lead to a 25 percent growth in 2008 to just over 2.5 billion units. On a dollar basis, the market will grow 11 percent, to $7.8 billion.
The consumer portion of the total dollar value will exceed $3.5 billion of that $7.8 billion, the study predicts. In 2012, consumer applications of MEMS will reach $7.1 billion, approximately 46 percent of a total market of $15.4 billion.
"The MEMS market is still going to be strong and we are still going to have the unit growth even though there is the fear, uncertainty and indecision that people are concerned about," said Information Network president Robert Castellano. "There are still so many new applications that MEMS are finding their way into that its going to take up some of the slack in the slow down in consumer purchases over the holiday season."
The study is available from www.theinformationnet.com.
R. Colin Johnson contributed to this report.