In 2022, the market for MEMS pressure sensors is anticipated to be worth US$2,242.5 Million. The need for pressure sensors based on micro-electro-mechanical systems (MEMS) technology is driven by the rising requirement for controlling and monitoring systems across numerous sectors.
Using integrated circuit (IC) processing methods, MEMS technology combines electrical and mechanical components to build microscopic integrated devices. It is anticipated that between 2022 and 2032, the global market for MEMS Pressure Sensors would increase at a CAGR of 6.2%, reaching about US$ 4,086.9 Million.
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Global MEMS Pressure Sensor Market: Market Dynamics
Increasing demand for MEMS Pressure Sensor from automotive industry to enhance reliability, reduce cost and improve performance is the key factor drives the growth of MEMS global pressure sensor market during the forecast period. Furthermore, continuous focus on factory automation, rapid development in industrial IoT solutions and improved sensing approach for monitoring & control applications are the factors accelerating the demand for MEMS pressure sensor in the industrial manufacturing sector.
Also, the increasing demand for disposable pressure sensors and continuous innovation in MEMS-enabled medical applications are expected to positively impact the growth of global MEMS pressure sensor market in medical space. Also, rapid growth in consumer electronics, such as smartphones and home appliances, and rising demand for customized MEMS devices for aerospace and defense applications are expected to fuel the growth of MEMS Pressure Sensor market during the forecast period.
However, lack of standard fabrication process and technical difficulties in integration and packing process are identified as the restraints likely to deter the progression of global MEMS pressure sensor market during the forecast period.
Global MEMS Pressure Sensor Market: Regional Outlook
Global MEMS pressure sensor market is witnessing significant growth in all major regions including North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific. Asia pacific market is expected to dominate the market during the forecast period due to government initiatives to expand the industrial infrastructure, presence of large number of automobile and original equipment manufacturers.
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Who are the Leading Players in the MEMS Pressure Sensor Market?
Prominent players in the MEMS Pressure Sensor market are
- Robert Bosch GmbH,
- Denso,
- NXP Semiconductors,
- General Electric,
- Texas Instruments,
- Infineon Technologies,
- MRON Corporation,
- Infineon Technologies AG, and
Melexis and various other regional players.
- In October 2021, TDK Corporation announced the launch of the new C35 Type Pressure Sensor Element. It is designed to measure a range of 0 to 100 mbar. It combines high sensitivity with extremely low dimensions of just 2.05 x 2.05 x 1.2 mm, enabling compact pressure sensor designs. The sensor element is designed for a broad temperature range from -40 °C to +150 °C, and it is suited for pressure measurements of non-aggressive gases and liquids. The main uses are in applications that require high reliability and exact pressure measurements, such as medical engineering, with the industrial and automotive sectors.
Key Segments Covered in the MEMS Pressure Sensor Industry Analysis
By End User:
- Automotive
- healthcare
- Industrial
By Technology:
- Piezoresistive
- capacitive
By Type:
- Gauge type
- Absolute
- Differential
By Region:
- North America MEMS Pressure Sensor Market
- Latin America MEMS Pressure Sensor Market
- Europe MEMS Pressure Sensor Market
- Asia Pacific MEMS Pressure Sensor Market
- MEA MEMS Pressure Sensor Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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