The forecasts for MEMS booms are not new, adoption has been strong and applications well diversified and healthy. What is still surprising is the significant growth rate forecasted for new consumer electronic (CE) and mobile MEMS, 31 to 62% from 2012 to 2014, according to a recent study by iSuppli.
The revenue numbers are equally impressive, with this class of 'new MEMS' set to generate revenue of US $1.4 billion by 2014, according to the same iSuppli research; this year's revenue for CE and mobile MEMS devices is forecasted at US $457.3 million.
The revenue jump from 2011 levels to 2014 is quite impressive and underscores the intricate relationship between the adoption rates of newer MEMS components and the smart wireless device and CE marketplace, which is seeing increased bill of material (BOM) sophistication, as we discuss in detail in our recent MarketWatch Quarterly articles here and here.
Patterning the rest of the semiconductor industry, MEMS growth will also be best appreciated by the four major MEMS suppliers, TI, HP, Bosch, and STMicro, who represent one-third of total MEMS revenues, as summarized in this ElecectroIQ review of Yole Développement's recent research. There is, however, plenty of MEMS revenue pie to go around, but different market strategies will be necessary for the various MEMS supplier levels as the sector (quickly) matures.
Automotive MEMS is one of the 'older MEMS' categories, but with the rise in electric vehicles (EV) and hybrid electric vehicles (HEV), the semi content (and notably therewith MEMS automotive content) is significantly higher than fossil-fuel based vehicles. As we see the EV Nissan Leaf and Chevy Volt receiving favorable reviews and adoptions alongside now more common HEV Toyota Prius and similar cars, and as gasoline prices rise to record levels, the forecasts for the automotive MEMS sector are certain to be quite impressive as well, and not "merely stable at best," as is forecasted for overall MEMS growth.