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Market Research Forecasts Advanced Electronic Materials Market at $26 Billion by 2021(May 28, 2012)
ROCKVILLE, MD -- (Marketwire) -- 05/28/12 -- MarketResearch.com has announced the addition of the new report "New Electronic Materials and Device Technologies: Global Markets" to their collection of Electronics market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Electronic-Materials-Device-Technologies-Global-6948502/
The total market for advanced electronic materials is projected to increase from $27.6 million in 2010 and $30.7 million in 2011 to more than $5.5 billion in 2016 and almost $26 billion in 2021 at a compound annual growth rate (CAGR) of 36.3% for a period of five years, i.e., 2016 to 2021.
The market segment consisting of sensors and imaging equipment was $24.8 million in 2011 and is expected to increase to $869.2 million by 2016, a CAGR of 103.7%. This market is further projected to reach nearly $3 billion by 2021, a CAGR of 28.2% for a period of five years, i.e., 2016 to 2021.9
The communication market segment was $4.2 million in 2011, which is expected to increase to $232.9 million by 2016, a CAGR of 123.2% for a period of five years, i.e., 2011 to 2016. This particular market is further projected to reach nearly $2 billion by 2021, a CAGR of 53.1% for a period of five years, i.e., 2016 to 2021.
For more information, visit http://www.marketresearch.com/BCC-Research-v374/Electronic-Materials-Device-Technologies-Global-6948502/
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