Internet Of Things Driving MEMS Growth
The explosive growth of the Internet of Things is driving demand for microelectromechanical systems (MEMS) devices in areas such as asset-tracking systems, smart grids and building automation. MEMS are tiny machines that can do such things as measure movement or pressure. Research firm IHS predicts that the market for MEMS used in the Internet of Things will more than triple in the next five years. It predicts sales of $103.7 million this year,