Study: ten most attractive markets for MEMS/MST devices.According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recently released market study from Venture Development Corp. (Natick, MA, www.vdc-corp.com), approximately 3.4 billion microelectromechanical systems See MEMS. (MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. ) and microstructure mi·cro·struc·ture n. The structure of an organism or object as revealed through microscopic examination. microstructure Noun a structure on a microscopic scale, such as that of a metal or a cell technology (MST See micro systems technology. ) units were sold in 2002, generating over $17 billion. Market forecasts expect these devices to reach 10.4 billion units in 2006, delivering over $34 billion in revenue. In the study, "MEMS and MicroStructures Technology: an Application and Market Evaluation, Second Edition," a market attractiveness index identified the top 10 near-term opportunities in the MEMS/MST market: micro-fluidic biochips for medical diagnostics and drug discovery; glucose micro-fluidic monitoring sensors; tire pressure sensors; hard disk drive heads; consumer print heads for inkjet printers; over the counter micro-fluidic testing devices for detecting medical conditions See carpal tunnel syndrome, computer vision syndrome, dry eyes and deep vein thrombosis. ; large format print heads; devices that enable advanced automotive functions; ABS accelerometers and gyroscopes; and automobile mass airflow sensors. The index ranked each product according to dollar value of the market in 2001, forecast dollar value of the market in 2006, forecast dollar value growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , competitive pressures in the product market and attractiveness of related opportunities for existing expertise. The study also found that six of the top 10 product opportunities are among the largest dollar generating markets today; that all categories will generate at lease $250 million in 2006; and that none are expected to grow less than 40 percent annually. The study gives detailed unit consumption, sales revenue and average pricing trends for over 63 product categories across seven industries. Industry coverage includes: information technology; biotechnology; automotive applications; consumer product applications; industrial applications; chemical analysis devices and communications applications, including RF MEMS and all-optical network MEMS/MST products. For more information about the report, access www.vdc-corp.com/ components/reports/02/br02-11.html. |
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