NewswireToday - /newswire/ -
London, United Kingdom, 2008/06/20 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing the MEMS (Micro-Electro-Mechanical Systems) industry.
“2008 MEMS Forecast” reports that although revenues for MEMS reached record levels in 2007, aggressive price reductions, legal wrangling, and rising pressure from competitive technologies have taken their toll on the MEMS industry.
The report highlights that despite a few bright spots, overall near-term growth is projected to remain negligible. Unit shipments of MEMS devices are forecast to increase at a CAGR of 6.4% through 2012, experiencing CAGR of 5.5% during the same period.
The study shows that while sales of sensors for industrial automation have surged, it is not enough to make up for significant revenue shortfalls in other core segments.
Declines in automotive production, saturation of the consumer ink-jet market, and a change in direction for digital TV- the three largest revenue streams for MEMS- will continue to have a dampening effect on revenue growth for the next few years.
The report cautions that the result of reducing the prices of MEMS sensors, might result in near-term revenue paralysis since unit shipments currently aren’t sufficient to offset the lower prices.
It further notes that those 'in the know' have already turned their attention to industrial automation, and the combined use of GPS (Global Positioning System), RFID (Radio Frequency Identification) and MEMS sensors are projected to find the greatest traction in commercial equipment.
“2008 MEMS Forecast” is available from Report Buyer. For more information, see website. Report Buyer product ID: BRN00024
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