Powered by the seemingly recession-proof performance of the mobile phone and consumer electronics segments, the market for Microelectromechanical (MEMS) sensors is set to return to growth in 2010 after two straight years of decline, according to iSuppli Corp. Approaching a point close to the historical peak of 2007, MEMS revenue this year is projected to reach $6.54 billion, up 11.1 percent from $5.88 billion last year. The double-digit expansion predicted for 2010 compares to a decline of 6.8 percent posted in 2009, on top of a 3.6 percent contraction in 2008, iSuppli figures show. The market will continue to expand through 2014, when it will have grown another $3.3 billion to hit $9.8 billion—equivalent to a Compound Annual Growth Rate (CAGR) of 10.7 percent throughout the 2009-2014 period.
MEMS Market to Propel toward Double-Digit Growth in 2010
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- July 26, 2010
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MEMS Market to Propel toward Double-Digit Growth in 2010
Graduated in political sciences and international relations in Paris, Anis joined the team in early 2019. Editor for IEN Europe and the new digital magazine AI IEN, he is a new tech enthusiast. Also passionate about sports, music, cultures and languages.
