DUBLIN, Feb. 26, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/b9wl8h/status_of_the) has announced the addition of the "Executive Summary of the Status of the MEMS Industry" report to their offering.

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MEMS market will double over the next 6 years, pushing manufacturers to consider consumer applications in their strategies

MEMS IS STILL ON A DYNAMIC GROWTH PATH, TARGETING US$22.5B IN 2018

In 2012, the IC industry saw a 2% decline, but research reveals the MEMS sector managed another 10% growth to become an $11B business. Analysts expect a 12-13% CAGR through 2018 to create a $22.5B MEMS market, growing to 23.5 billion units. We have identifi ed a number of changes as old MEMS products mature and new ones emerge. Cell phone demand drove strong growth for MEMS devices. Inertial sensor maker InvenSense continued to prove the worth of its fabless model with a -30% increase in sales.

Triquint saw 27% growth as its BAW filters won more slots in smartphones. Status of the MEMS Industry 2013 shows markets for inkjet heads and DLPs have matured, but we see huge growth on the horizon for combination inertial sensors and for MEMS timing devices. Combination inertial sensors are starting to see high volume adoption in both consumer and automotive markets, and will quickly account for a significant part of inertial sensor sales.

Status of the MEMS Industry 2013 report identifies new innovative MEMS devices that continue to emerge. We expect to see a number of them start production, though not reach signifi cant volumes for a few years. MEMS autofocus could come to market shortly. Big smartphone players are now looking at adding environmental sensors for heat and humidity, and MEMS devices could win those slots.

GROWTH OF CONSUMER APPLICATIONS IS PUSHING NEW STRATEGIES FOR MEMS COMPANIES

Consumer is still the leading MEMS application with increasing needs for sensory interface. Status of the MEMS Industry 2013 report ranks the top MEMS suppliers. In 2012, for the first time, the top two MEMS suppliers on our annual Top 30 MEMS companies ranking are suppliers of inertial sensors, rather than of inkjet heads or micro-mirror actuators that have long dominated the sector. STMicroelectronics is the first company to grow a $1billion MEMS business, surpassing Texas Instruments. The second sensor supplier, Robert Bosch, has also pushed ahead of Texas Instruments and Hewlett Packard for the first time. The expanding demand for MEMS in both smartphones and automotive applications is creating a rising group of players, that can expect to see solid sales in their future.

This report shows how the results of MEMS players top 30 and companies with the largest growth clarify just how much the smartphone market is driving MEMS demand. AAC Technologies had strong sales of MEMS microphones that propelled them to 90% growth and $65 million in MEMS revenues, putting them in the Top 30 for the first time. More microphones in more phones also helped propel sales to grow more than 20% at both Infi neon and Knowles.


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Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets