17 September 2013 MEMS market set for solid growth The market for high value MEMS sensors is set to grow by 6.3% this year to £1.6billion, up from $1.5bn in 2012. Market research firm IHS described the performance as 'commendable', especially considering the depressed state of most markets in the industrial segment. The increase, it says, is a result of balancing forces from growing areas like oil and gas discovery, as well as the civil aerospace sector - both of which deploy MEMS inertial and pressure sensors. By the end of the year, IHS believes test and measurement applications will make up the majority of high value MEMS sales, accounting for one quarter of industry revenue. By 2017, the sector is expected to be worth some $2.21billion, representing a five year compound annual growth rate of 8%. Author Laura Hopperton Comment on this article Websites http://www.ihs.com This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.