05 November 2012
Surge in demand for MEMS pressure sensors
The market for MEMS used as pressure sensors in medical electronics is set to grow 7% this year, aided by the use of disposable devices as well as respiratory monitoring.
According to market research firm IHS iSuppli, revenue for pressure sensors in medical electronics applications will reach $137.6million in 2012, up 6% from $129.2m in 2011. Growth is also expected to be steady over the next few years, with revenue projected to reach $186.7m by 2016.
"Although MEMS pressure sensor revenue from medical electronics is relatively small compared to pressure sensor revenue in the MEMS automotive segment, medical electronics belongs to the so called high value category, where average selling prices can be much higher than in the other MEMS segments," said Richard Dixon, principal analyst for MEMS and sensors at IHS. "This makes it a profitable and attractive market for MEMS suppliers."
Besides medical electronics, the high value MEMS pressure category also includes the industrial and military/aerospace segment, which accounts for the remaining half of revenue for the overall high value MEMS space, worth $283.5m this year.
Pressure sensors this year are expected to become the leading type of MEMS device, generating revenue worth $1.5bn.
Author
Laura Hopperton
Supporting Information
Websites
http://www.isuppli.com/
Companies
iSuppli
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