Mems biosensors and nanosensors market1. MEMS: Biosensors and Nanosensors
Published: August 2013
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2. MEMS: Biosensors and Nanosensors
This report is an update of an earlier BCC Research report published in 2011.
Microelectromechanical systems (MEMS), biochips, and nanosensors (referred to
collectively in this report as microsensors) make up one of the fastest-growing technology
areas, with sales of more than $8.5 billion in 2012 that are expected to grow at a
compound annual growth rate (CAGR) of 10.7% between 2013 and 2018.
Microsensors have proven to be a key enabling technology for developments in sectors
such as transportation, telecommunications, and health care, but the range of
microsensors’ applications covers nearly every sector. The most significant advantage of
microsensors is their ability to communicate easily with semiconductor chips. Other
advantages include microsensors’ compact size, reduced power consumption, lower cost,
and increased reliability. The growth in the use of microsensors has also led to the
creation of supporting industries in areas such as design software, design services,
specialty fabrication equipment, and fabrication facilities.
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3. MEMS: Biosensors and Nanosensors
The methodologies and assumptions used to develop the market projections in this
report are discussed at length in the detailed market estimates and projections for each
microsensor technology. The report carefully documents data sources and assumptions.
This way, readers can see how the market estimates were developed and, if they so
desire, test the impact of changing assumptions, such as about price, on the final
numbers.
This section makes some general observations concerning the report’s approach to
estimating the market for developmental technologies whose commercial potential has
not been demonstrated, which is always a challenging task. BCC used a multiphase
approach to identify the microsensor technologies with the greatest commercial potential
and to quantify the market for these applications, as described below.
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