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China's MEMS market expected to rise to USD2.3 bln in 2013, surveySHANGHAI, Feb 27, 2013 (Xinhua via COMTEX) -- China's purchase of micro-electro-mechanical systems (MEMS) is expected to rise to 2.3 billion US dollars this year, according to a latest survey report released by the IHS iSuppli. In 2012, China's MEMS market increased 19 percent to 1.9 billion US dollars. The report said the largest MEMS application market in China was the data processing market, where the MEMS consumption totaled 499 million US dollars in 2012. The second largest MEMS application market was the wireless terminal sector. The strong sales of smartphones, tablet PCs, and other mobile devices stimulated the MEMS demand. The report forecast China's MEMS market would grow to 3 billion US dollars by 2016, with the compound annual growth rate at 13.4 percent. The wireless terminal market would register the fastest growth, with the compound annual growth rate of its revenues at 24 percent in the 2011-2016 period. (Edited by Jiang Yujuan, [email protected]) [ Back To TMCnet.com's Homepage ] |