Microelectromechanical Sensors' Revenue To Grow Steadily-ISuppli
First Published Friday, 13th August 2010 06:11 pm - © 2010 Dow Jones
Dow Jones NEWSWIRES
Industrywide revenue from microelectromechanical sensors, or MEMS, which are very small devices often used for handheld technology, will grow solidly over the next four years, market researcher iSuppli Corp. said Friday.
Cellphones and a slew of other emerging consumer electronics will drive the demand, which didn't flag in the economic downturn, either, unlike other sectors.
ISuppli predicted MEMS sensors and actuators will book $1.5 billion in revenue this year, up 23% from the year before. Yearly growth through 2014 will range from 17% to as high as 28%, according to the researcher's predictions.
The technology sector has been on a robust upswing since a drop in demand in the recession, although results and guidance from tech bellwether Cisco Systems Inc. (CSCO) Wednesday didn't bode well for the recovery continuing as strong as it has.
The MEMS sensors are used in a broad array of devices such as projectors and copiers, and in many industries, including medical, aerospace and industrial.
But iSuppli predicted that consumer and mobile devices such as MP3 players, laptops and remote controls will become their primary market by 2014.
In addition to cellphones, the researcher said cited emerging devices that would contribute to rising demand. It specifically noted three-axis gyroscopes, used in phones for navigation, and pico-projectors, pocket-sized media projectors.
Currently, accelerometers are the chief MEMS device, with $557.1 million in revenue expected this year.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; email@example.com