Research and Markets offers World MEMS Sensor Markets ReportJanuary 15, 2007
Frost & Sullivan report details demand from automotive, medical and consumer segments encouraging growth in MEMS sensors markets worldwide.
DUBLIN, IRELAND/ BUSINESS WIRE/---Research and Markets has announced the addition of Frost & Sullivan's new report: World MEMS Sensors Markets to their offering.
This study covers the technology segments: MEMS Pressure Sensors, MEMS Accelerometers and MEMS Gyroscopes. The end user segments covered include Automotive, Consumer Electronics, Aerospace and Medical. Forecasts are done by technology and by end-user and. Aspects covered include challenges, drivers and restraints, technology trends and market shares. Also, the report contains a special chapter on the emerging participants in the market. The chapter lists the technology analysis, opportunities, competitive analysis and target applications for 7 companies chosen after extensive primary and secondary research.
Demand from Automotive, Medical and Consumer Segments Encourages Growth in MEMS Sensors Markets Worldwide
The world microelectromechanical systems (MEMS) sensors market is poised for robust growth due to demand from key vertical segments, such as automotive and consumer electronics. Success of electronic stability control (ESC) systems and the regulations passed by the U.S. highway and safety authority that mandate the installation of tire pressure sensors, are fuelling the growth of the automotive segment. Simultaneously, the adoption of inertial sensors for the purpose of adding functionality and for safety in devices such as mobile phones, gaming devices and notebooks, is driving growth in the consumer markets. "The need for enhanced performance in the automotive, aerospace and the medical segments and added functionality in the consumer market is resulting in the miniaturization of technology toward improved performance, higher sensitivity, and less power consumption," cites the analyst of this research service. "This is likely to sustain growth in the MEMS sensors markets."
MEMS-based devices are also considered to have a significant potential in areas such as life sciences, defense and environment protection, leading to continued commitment by governments and governmental agencies toward this technology. The European Union is finding ways to employ MEMS technology for a variety of applications. Funding from venture capitalists (VCs) is also expected to play a significant role in the development of the world MEMS sensors market.
Sensor manufacturers are finding it increasingly difficult to maintain margins due to stiff competition and pricing pressure from customers. However, they can benefit by offering a complete product solution and successful product differentiation. Manufacturers are continuously trying to refine production methods to deliver highly reliable products, while meeting these pricing pressures.
Participants have adopted a variety of strategies to expand their market share and to support progression in the total world MEMS sensors market. "A number of strategic partnerships and acquisitions have taken place to achieve market dominance and cover weaknesses in product offerings," notes the analyst. "As the growth of competing technologies has forced a number of technological developments, manufacturers can ensure success by building significant expertise in the target application markets and customer service."
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: oil and gas, chemical and petrochemical, personal computing, metals, automotive, medical, and food & beverage.
The following technologies are covered in this research: thermocouples, resistance temperature detectors, infrared sensors, thermistors, IC temperature sensors, and temperature transmitters.
For more information visit the company's Web site.
Research and Markets, Laura Wood, Fax: +353 1 4100 980, firstname.lastname@example.org.
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