Lucintel Projects Global MEMS Industry to Experience Good Growth over the Next Five Years
Irving, Texas (PRWEB) May 08, 2013
The global micro-electro-mechanical systems (MEMS) industry is forecast to reach an estimated $14.2 billion in revenue by 2018, with good growth over the next five years. The industry, which is fragmented, experienced a changing competitive landscape during the last five years. Competitive rivalry is high in the global MEMS industry because of the large number of players and moderate industry growth. Sensor fusion is the key emerging trend in the industry.
The report discussed how the industry faced challenges from weakness in the aerospace industry and business spending on electronic products. The economic crisis in the regions of North America and Europe also affected the annual revenue growth of the industry, as there was a retracting of business spending and low growth in broadband communication.
The study reveals that the growth of the industry has been driven by increasing demand for mobile phones, tablets with technological innovations, combo sensors, and microphones. Growing demand for new micro-nano-fabrication technology used in medical equipment for various operational instruments helps drive the industry growth.
This industry research report is intended to provide industry leaders with a competitive benchmarking of the MEMS industry. The study provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders, and helps current suppliers realistically assess their capabilities and, strategies, vis-a-vis leading competitors. It is designed to provide executives with strategically significant competitor information, data analysis, and insight.
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