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The market for MEMS multi-axis inertial sensors is expected to reach nearly $2 billion and related applications markets $12b. The significantly large growth is directly related to the recent adoption of multi-axis sensor technology, new growth in existing key markets such as automotive, and the sudden surge in growth in consumer applications. As sensors become more widely available, it is expected to greatly stimulate applications development and lead to the creation of exciting new product markets. |
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Consumer electronic devices present a significant market opportunity for Virtus. The 3 largest of these markets are next-generation cell phones, hard disk drives, and game consoles/ game players.
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| In general, there is a growing trend to integrate more and more sensors into the automobile. While MEMS devices have been used for airbag deployment for over a decade, recently, inertial sensors have found more uses in the car. Current and future applications include the following areas: Airbag, Automatic Braking System (ABS), Electronic Stability Control (ESC), Roll Stability Control (RSC), Roll-Over Detection, Tilt Alarm, In Car Navigation, and Electronic Brake.
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| The robotics industry is expected to be one of the leading industries of the next century. With the increased performance of computers and microprocessors and the maturation of software and vision recognition, robotics will continue to be adopted at ever-increasing rates in the fields of manufacturing, semiconductors, product verification and evaluation industries, and health related industries.
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| In the life sciences, applications include the development of "smart" medical instruments, health monitoring, and advanced diagnostics technologies. Because inertial sensors are rapidly evolving, a number of new markets in the field of life sciences are opening up.
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