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MEMS: Biosensors and Nanosensors Market Report [2015]

Press Release   •   Dec 24, 2015 12:12 IST

Dec 24 2015 Mumbai, India: Bharatbook.com announces a report on “ MEMS: Biosensors and Nanosensors Market Report [2015] ". The most significant advantage of microsensors is their ability to communicate easily with semiconductor chips.

The global market for microsensors reached nearly $9.9 billion in 2014 and totaled almost $10.9 billion in 2015. The market should reach more than $18.9 billion in 2020, a compound annual growth rate (CAGR) of 11.7% between 2015 and 2020.

This report provides:

-An overview of the global market for microelectromechanical systems (MEMS), which consist of sensing devices that integrate mechanical elements, sensors, actuators, and electronics on a common silicon substrate, and typically have dimensions in the 1-micron to 100-micron range; as well as biosensors and nanosensors

-Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020

-Discussion covering how microsensors have proven to be a key enabling technology of developments in sectors such as transportation, telecommunications, and healthcare, but the range of microsensors applications covers nearly every sector

-Identification of technologies that are still at the discovery and developmental stages, with an explanation as to why their eventual commercialization will require the commitment of substantial resources, with long payback periods and substantial financial risk

-Examination of industry structure, market dynamics, and market shares

-Profiles of major players

INTRODUCTION

STUDY BACKGROUND

This report is an update of an earlier published in 2013. 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 nearly $8.9 billion in 2014 that are expected to grow at a compound annual growth rate (CAGR) of 11.7% between 2015 and 2020.

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.

The report has surveyed individual segments of the microsensor industry previously—for example, in its recent studies of the global market for MEMS, automotive sensors, medical device sensors and environmental sensors. This initiated the present study to bring together these related markets as well as to update the findings and conclusions of the earlier reports.

The range of microsensor products and applications has grown rapidly in the past few years, but it is important to avoid “hyping” their prospects. Although some types of microsensors (airbag accelerometers, for example) have had great commercial success, other types (such as most types of nanosensors) have enjoyed less success. Still other technologies remain at the discovery and developmental stages, and their eventual commercialization will require the commitment of substantial resources, with long payback periods and substantial financial risk.

To the extent that hype results in exaggerated investor expectation, it can divert investment from microsensor technologies that have real commercial potential. In the worst case, disappointed expectations can lead to a drying up of investment funds, similar to the one that occurred in the dot-com sector after 2000. This report takes a hard look at the market for microsensors and tries to provide a road map for the technologies and applications that are likely to enjoy the greatest commercial success in the years through 2020.

GOALS AND OBJECTIVES

The goal of this report is to provide investors and others with information on the commercial potential of various microsensor technologies and applications to assist them in making key business decisions. Specific objectives include identifying segments of the microsensor market with the greatest commercial potential in the near term to middle term (2015 to 2020), projecting future demand in these segments, and evaluating the challenges that must be overcome for each segment to realize its potential.

INTENDED AUDIENCE

While it contains descriptions of microsensor technologies, this report is intended especially for microsensor marketing executives and other executives charged with asset allocation and corporate strategy, as well as entrepreneurs, investors, venture capitalists, and other readers with a need to know where the market for microsensors is headed in the next five years. The report is written primarily for lay readers rather than technologists, but it should also be useful to readers in the research and development community who seek to anticipate future flows in research and development (R&D) funding. Officials of related government programs such as the U.S. National Nanotechnology Initiative should also find the report interesting.

SCOPE OF REPORT

The report addresses the global market for microsensors, including the following:

-MEMS: Sensing devices that integrate mechanical elements, sensors, actuators, and electronics on a common silicon substrate, and typically have dimensions in the 1-micron to 100-micron range (1 micron = 1 millionth of a meter).

-Biochips: Silicon chip-based detection devices that integrate a living organism or product derived from living systems (e.g., an enzyme or an antibody) and a transducer to provide an indication, signal, or other form of recognition of the presence of a specific substance in the environment. Biological detection devices that do not generate an analytical signal, such as pregnancy tests or conventional glucose test strips, do not meet this report’s definition of sensors.

-Nanosensors: Sensors that are nanoscale or incorporate nanoengineered structures such as nanotubes.

The study format includes the following major elements:

-Executive summary

-Definitions

-Milestones in the development of microsensors

-Current and developmental microsensor technologies and applications

-Microsensor technologies and applications with the greatest commercial potential through 2020

-Global microsensor market trends, 2014–2020

-Microsensor market shares and industry structure

METHODOLOGY AND INFORMATION SOURCES

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. Report 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.

In the first phase of the analysis, This identified a “long list” of potential microsensor technologies (including technologies that are still under development) and mapped them against potential applications and end-user industries, such as information technology/electronics, biotechnology, and health care. In the second phase, the report eliminated those microsensor technologies that appear to have little likelihood of making it into commercial production in the next five years, through a literature review and statements by industry sources. The result of phase two was a “short list” of technologies and applications with the greatest near-term to mid-term commercial potential. The third phase focused on quantifying the potential market for each microsensor technology on the short list and identifying the main prerequisites for commercial success.

The base year for analysis and projection is 2014. With 2014 data as a baseline, market projections were developed for 2015 to 2020. These projections are based on a combination of a consensus among the primary contacts combined with this Report understanding of the key market drivers and their impact from a historical and analytical perspective.

For more information kindly visit : https://www.bharatbook.com/consumer-electronics-market-research-reports-421253/mems-biosensors-and-nanosensors1.html

Related Reports : https://www.bharatbook.com/consumer-goods-market-research-report/consumer-electronics.html

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