MEMS motion sensors to grow by 33 percent to reach $41.3 million in 2014

IHS has reported revenue for MEMS motion sensors in wearable electronics and fitness monitoring is set to climb to $31.0 million this year and then jump 33 percent to $41.3 million in 2014. An even larger increase, equivalent to 47 percent, will occur in 2015 when takings amount to $60.8 million, as per IHS. “The biggest leap will occur in 2016 when annual revenue rises 50 percent to $91.5 million,” said Marwan Boustany, senior analyst for MEMS & sensors at IHS. “That means the market by then will have expanded by more than a factor of four from $20.8 million in 2011.” Two trends are spurring demand for wearable and mobile health technology, in turn fueling the MEMS motion sensor market for wearable and mobile health devices, said Boustany. “One trend is the higher average life expectancy of people all over the world, coupled with the amplified prevalence of illnesses like cardiovascular disease and diabetes. The second trend arises from greater awareness in the population of health, fitness and wellness issues—indicated by the rapid growth in demand for healthy nutrition, diet programs, gym memberships and even health-based mobile applications.” Further analysis shared by IHS includes: Activity monitors such as the FitLinxx Pebble and Fitbug, for instance, are increasingly finding their way into consumers’ hands as employers seek to augment their corporate wellnes...