MEMS Pressure Sensor Market: Introduction
- MEMS, or micro-electro-mechanical system, pressure sensor converts pressure into an electrical signal output during operation. Usually, it consists of pressure elements and a signal processing unit.
- MEMS pressure sensors possess various merits, such as low power consumption, lightweight, small volume, accurate measurement in a space-limited region, low cost, and have little influence on the objects being detected
- In addition to medical applications, MEMS pressure sensors have also been utilized in aerospace, industrial, and consumer electronics sectors
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Rise in demand in controlling and monitoring systems.
- Increasing demand for MEMS pressure sensor in the automotive industry to enhance reliability, reduce cost, and improve performance is a key factor that boosts the global MEMS pressure sensor market.
- Consistent rise in digitization, automation, industrial IoT and demand for monitoring and control applications is a major factor driving the demand for MEMS pressure sensor
- Innovation in healthcare, medical devices further boost the global MEMS pressure sensor market
- Significant increase in application of consumer electronics in defense, aerospace, and transport sectors are projected to boost the MEMS pressure sensor market
- In terms of application, the prominent share of the global pressure sensor market held by the automotive segment can be attributed to an increased use of pressure sensors in oil pressure monitoring, fuel pressure monitoring, nitrous pressure monitoring, transmission pressure monitoring, and tire pressure monitoring.
North America to Hold Largest Market Share
- North America is expected to dominate the global MEMS pressure sensor market owing to rapid adoption of MEMS pressure sensors in automotive, transport and aerospace sectors in the region
- Rise in electrification and trend of autonomous and electric vehicles in order to cater to the demand and enhance fuel efficiency is estimated propel the share held by North America in the global MEMS pressure sensor market.
- Following North America, Europe is also estimated to witness a significant increase in the utilization of MEMS pressure sensors in the automotive sector in the region. The healthcare is also projected to witness a rise in the demand for MEMS pressure sensors in multiple devices, as pressure being important characteristic of medical devices.
- Asia Pacific is a notable manufacturing hub and is expanding significantly. New regulations in the automotive sector demand more safety. The consumer electronics segment is estimated to dominate the MEMS pressure sensor market in the region owing to the extensive utilization of MEMS pressure sensor in smart phones, smart devices, and household electronics.
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Key Players Operating in Global MEMS Pressure Sensor Market
The key players in MEMS pressure sensors market facing tough competition, major players expanding their product range, major innovations found in automotive safety and medical devices. Pressure sensors are increasingly being used in smartphones, tablets, and wearable technology such as sports watches, smart watches, and fitness bands, enabling accurate floor detection and enhanced location-based services, allowing more accurate dead-reckoning calculations, and opening the door to new smartphone apps such as weather analyzers, health and sports monitors.
Key players include:
- Bosch Sensortec
- Murata Manufacturing
- Infineon Technologies
- Honeywell International
- TE Connectivity Ltd
- ST electronics
- NXP Semiconductors
- General Electric
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