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| Equipment produced at Palomar's new division dispenses epoxy into opto packages with nano precision. |
Palomar Acquires Axsys' Fiber Automation Div.
Vista, Calif.-Palomar Technologies has acquired the Fiber Auto-mation Division (FAD) of Axsys Technologies of Pittsburgh, Pa.
Renamed Palomar Photonics Automation, the unit will continue as a wholly owned Palomar subsidiary.
Mike Formica, Axsys' FAD vice president/GM, will manage day-to-day operations of the new Palomar division.
Palomar said the acquisition will give it added abilities in fiber-to-component nano-positioning equipment for the optoelectronics market. [palomartechnologies.com]
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| Note: All figures are rounded; the base year is 2001. (Source: Frost & Sullivan) |
$2.91B Market Forecast for N.A. MEMS Sensor Sales
San Jose-By 2008, the MEMS sensor market will reach revenues of $2.91 billion, according to a report by industry research firm Frost & Sullivan. Last year, Frost estimates, market revenues were $1.39 billion, up from 2000's $1.22 billion.
The difference between 2001 and 2008 represents a compound annual growth rate (CAGR) of some 11.2 percent.
Frost believes the market is entering a more accelerated growth cycle throughout the forecast due to technological innovations and the development of MEMS-specific platforms.
There are some 50-80 companies in the North American, MEMS-based sensors market. Today, most MEMS sensor revenue is derived from crash and pressure sensors for automotive or medical use. [frost.com]
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