Surge in demand for MEMS pressure sensors in medical electronics
The MEMS market for pressure sensors in medical electronics is set to grow 7% this year, according to a new IHS iSuppli report.
Revenue for pressure sensors in medical electronics applications is set to reach $137.6million by year end, up from $129.2m in 2011. Growth is anticipated to be steady over the next few years, with revenue projected to reach $186.7m by 2016.
Although revenue in this sector is relatively small compared to pressure sensor revenue in the MEMS automotive or consumer segments, medical electronics belongs to the so called high value category, where average selling prices can be much higher than in the other segments.
Besides medical electronics, the high value MEMS pressure category also includes the industrial and military/aerospace segment, which accounts for the remaining half of revenue for the overall high value MEMS space, worth $283.6m this year.
