Internet of Things Stimulates MEMS Market
The Internet of Things (IoT) is driving rapid growth for microelectromechanical systems (MEMS) devices in areas including smart grids and building automation, according to IHS Technology’s “High Value MEMS Report – 2015.”
Worldwide market revenue for MEMS directly used in industrial IoT equipment will rise to $120 million in 2018, up from $16 million in 2013, according to IHS. Additional MEMS also will be used to support the deployment of the IoT, such as devices employed in data centers. This indirect market for industrial IoT MEMS will increase to $214 million in 2018, up from $43 million in 2013.
Global market shipments for industrial IoT equipment are expected to expand to 7.3 billion units in 2025, up from 1.8 billion in 2013. The industrial IoT market is a diverse area, comprising equipment such as nodes, controllers and infrastructure, and used in markets ranging from building automation to commercial transport, smart cards, industrial automation, lighting and health. Such gear employs a range of MEMS device types including accelerometers, pressure sensors, timing components and microphones.
Building automation will generate the largest volumes for MEMS and other types of sensors in the industrial IoT market.
- 2015 Insider Knowledge
- Four Key Questions to Ask Before Your Next Energy Purchase
- eBook: Five Key Considerations for Integrating Renewables into Your Procurement Strategy
- Advanced Rooftop-Unit Control (ARC) Retrofits: Field Demonstrations Validate Energy Savings
- Strategies for a Successful EHS&S Software Selection
- Improve Occupant Comfort & Reduce Energy Costs Through Humidity Control
- The New Energy Future - Challenges and Opportunities in Corporate Energy Management
- Choosing the Correct Emission Control Technology
- How the IoT is Reshaping Building Automation
- 10 Tactics of Successful Energy Managers