MEMS Pressure Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

MEMS Pressure Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Report Description

MEMS or Micro-Electro-Mechanical Systems is a technology in which tiny integrated devices or systems are created that combines mechanical and electrical components. They are fabricated on the micro scale, yet, generate effects on macro scale. A pressure sensor is an instrument to measure pressure, particularly of liquids or gases. A pressure sensor acts as a transducer (convert one form energy into another), and generate electrical signals when pressure is applied. The MEMS pressure sensors are used in monitoring and controlling systems used in various industries such as industrial, automotive, medical, consumer electronics, and high-end devices, among others. 

Significant increase in automation and miniaturization of electrical devices are the major drivers for the growth in MEMS Pressure Sensor Market. Increasing use of pressure sensors in consumer electronics and high-end devices is the major driver for the growth of the industry. Pressure sensors also find their application in automotive industry. The growing demand of vehicles, worldwide, has added to the rising demand of pressure sensors. However, due to the factors such as Eurozone crisis and high cost of labor and raw materials, the growth of overall MEMS pressure sensor market is getting affected. Furthermore, high supply cost is adding on to the manufacturing cost, thereby hindering the growth of the industry. 

Automotive and medical equipment is projected to be the major contributors in the escalation of the overall MEMS pressure sensor market. Advancement in technology such as Tire Pressure Monitoring System (TPMS) and portable healthcare monitoring products is expected to add to the growth of the industry. Asia Pacific is estimated to hold more than half of the global share of MEMS pressure sensor market. 

The MEMS pressure sensor market can be segmented on the basis of technology, application, and region. The industry can be divided based on technology into capacitive, resonant solid state, piezoresistive, electromagnetic, and optical. The piezoresistive sensors are low-cost and highly efficient; hence, the growth in this segment is very evident. However, the capacitive technology segment is expected to show highest growth rate in MEMS pressure sensor market due to its wide application such as touch sensing, position sensing, and motion sensing. 

As per application the global MEMS pressure sensor market has been divided into consumer electronics, automotive, industrial, oil & gas, medical, and aeronautics, among others. Among the applications of MEMS pressure sensor, the automotive segment is expected grow at a steady rate owing to advancement in technology, demand of concept cars, and automation, among others. The automotive industry is followed by the consumer electronics segment for the overall growth of the MEMS pressure sensor market. 

Geographically, the MEMS pressure sensor market can be subdivided into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific has been the largest market for MEMS pressure sensor, followed by North America. Brooding automotive sector and consumer electronics industry in countries such as Japan, China, Taiwan, and South Korea has propelled the growth in the Asia Pacific region. In North America, the growth in the MEMS pressure sensor industry is fueled by major semiconductor and pressure sensor manufacturing companies, especially in the U.S. and Canada. In the Rest of the World region, the demand for MEMS pressure sensors is expected to be driven by Brazil due to development in the manufacturing industry. 

Globally, the companies are focusing on innovation and expansion strategies such as mergers and acquisitions. The key players in the MEMS pressure sensor market are Robert Bosch GmbH (Germany), General Electric (U.S.), Denso Corporation (Japan), Freescale Semiconductor, Inc. (U.S.) and Sensata Technologies (U.S). Other major players include Honeywell International, Inc. (U.S.), ABB Ltd. (Switzerland), Measurement Specialties, Inc. (U.S.), The Emerson Electric Company (U.S.), STMicroelectronics N.V. (Switzerland), and OMRON Corporation (Japan), among others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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