SAN FRANCISCOŚRevenue for so-called "high-value" MEMS is projected to is projected to grow robustly this year and beyond, thanks to a number of issues ranging from global warming to aging populations, according to market research firm iSuppli Corp.
Revenue from high-value MEMS is projected to grow nearly 30 percent in 2010, reaching $1.6 billion, according to iSuppli (El Segundo, Calif.). The number of high-value MEMs units shipped is projected to reach 103 million units this year, up from about 87 million in 2009, the firm said.
According to iSuppli's five-year forecast, high-value MEMS revenue will hit $2.6 billion in 204, representing a compound annual growth rate of 19.7 percent starting in 2009.
ISuppli defines high-value MEMS as sensors and actuators for applications that are outside the high-volume consumer electronics and automotive volume markets, addressing the industrial, medical, energy, optical telecom and aerospace-defense market segments.
According to Richard Dixon, senior analyst at iSuppli, the rapid growth of high-value MEMs is being driven by global trends that highlight the value proposition that the devices bring to many applications.
"MEMS microvalves, pressure sensors and flow sensors are used to help reduce energy consumption in industrial processes, residential heating and transportation systems," Dixon said. "MEMS sensors and actuators also play an important role in less invasive monitoring procedures for patients and elderly people, while increasing the efficiency and comfort of drug delivery. And in China, fiber deployments in the country are helping stimulate the overall global optical MEMS market for telecommunications."