Internet of Things Stimulates MEMS Market
The explosive expansion of the Internet of things (IoT) is driving rapid demand growth for microelectromechanical systems (MEMS) devices in areas including asset-tracking systems, smart grids and building automation.
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 Technology. 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.
IHS forecast of global MEMS revenue from direct and indirect IoT uses.
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.
"The Internet of things is sometimes called the machine-to-machine (M2M) revolution, and one important class of machines"”MEMS"”will play an essential role in expansion of the boom of the industrial IoT segment in the coming years," said Jeremie Bouchaud, director and senior principal analyst for MEMS and sensors at IHS. "MEMS sensors allow equipment to gather and digitize real-world data that then can be shared on the Internet. The IoT represents a major new growth opportunity for the MEMS market."
