Worldwide MEMS Market Expected to Rise to $95 billion by 2010

DUBLIN, Ireland /BUSINESS WIRE/ -- Research and Markets has announced the addition of SEMI - Global MEMS/Microsystems Markets and Opportunities to their offering.

Micro-electromechanical systems (MEMS) include products such as automobile airbag systems, display systems, and inkjet cartridges. The worldwide MEMS systems market reached $48 billion in 2005 and is expected to rise to $72 billion by 2008 and $95 billion by 2010, for a compound annual growth rate (CAGR) of about 15% over the five-year period.

  • Globally, the MEMS device market was $5.26 billion last year and is forecast to grow to $9.86 billion in 2010, with a 13% CAGR.
  • The MEMS equipment market was $631 million worldwide in 2005 and is expected to expand to $758 million in 2008 and $861 million in 2010. The five-year CAGR forecast for MEMS equipment is 6%.
  • MEMS materials can be divided into substrates and chemicals and other materials. Together these markets totaled $385 million in 2005 and are forecast to be $771 million in 2010. MEMS materials are expected to grow at a five-year CAGR of 15% through 2010.

The MEMS industry is highly fragmented, with a large number of device manufacturers worldwide in a wide variety of application fields. Many startups and small and medium-sized companies participate in the industry.

  • The top 30 MEMS device manufacturers accounted for about 84% of MEMS device sales in 2005.

     

  • No one device manufacturer has reached the billion dollar sales mark as of yet, and average revenue for a top 30 manufacturer is about $147 million.

In 2005, more than half of MEMS devices by value ($2.6 billion) were produced in North America. Japan is the next largest MEMS producing region, accounting for one-fifth of the total MEMS-device revenues ($1.1 billion) in 2005. About 16% of MEMS sales, over $815 million, originated from European production sites last year. Singapore is also a significant location for MEMS manufacturers, such as STMicroelectronics, with 11% of MEMS-device revenues attributed to Singapore fabs.

Front-end manufacturing equipment accounts for 53% of the MEMS equipment market today, assembly/packaging and test equipment 31%, and research and development (R&D) equipment the remaining 16%. Etch, wafer bonding, assembly/packaging, and test equipment are expected to experience the highest growth over the next five years.

MEMS substrate materials are the largest materials segment and include silicon, quartz, glass, polymers, and others. The total MEMS substrate market is forecast to grow from $264 million in 2005 to $570 million by 2010, for a CAGR of over 17% over the five-year period. Packaging coating materials (SU-8) are a relatively new materials market, but they are forecast to grow to $3 million in 2010, for a CAGR of 50% over the five-year period.

For more information, visit the company's Web site.