Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global MEMS Pressure Sensors Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.5% during the review period (2022 to 2027)
Microelectromechanical system (MEMS) sensors are gaining interest in a variety of industries due to benefits such as accuracy and reliability, as well as the potential to create smaller electronic devices, which have acquired a lot of attention in recent years. Across geographies, industrial automation and need for smaller consumer gadgets, such as wearables and IoT-connected devices, are two main factors driving the MEMS pressure sensors market.
MEMS pressure sensors have a lot of potential in the automotive industry, which is currently through a technological transformation with a big focus on boosting safety, comfort, and entertainment. MEMS pressure sensors are becoming more important as new sensor-rich applications emerge, such as autonomous vehicles, drones, and AR/VR equipment.
MEMS pressure sensors' small size is affecting their demand in the automotive industry's design scheme, making them a vital factor for widespread use. According to market experts, powertrain applications account for more than half of the pressure sensor market, followed by safety and TPMS (Tire Pressure Monitoring System), with TPMS being the most common vehicle application. Pressure sensors will be required by government requirements for a variety of applications, including TPMS, diesel and gasoline particle filters (DPF, GPF), and fuel tank evaporation (EVAP).
The global MEMS Pressure Sensors includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Bosch, Denso, Sensata Technologies, Freescale Semiconductors, GE Sensing, Delphi, Infineon Technologies, Schneider Electric, Texas Instruments, Abbott, TDK-ELECTRONICS And Others.
ABBOTT'S CARDIOMEMS™ HF SYSTEM RECEIVES FDA APPROVAL TO SUPPORT PATIENTS BATTLING EARLIER-STAGE HEART FAILURE
Feb. 21, 2022-Abbott (NYSE: ABT) today announced that the U.S. Food and Drug Administration (FDA) has approved an expanded indication for the company's CardioMEMS™ HF System to support the care of more people living with heart failure. With the expanded indication, an additional 1.2 million U.S. patients1 are now eligible to benefit from advanced monitoring with the CardioMEMS sensor, which marks a significant increase over the current addressable population. The sensor provides an early warning system enabling doctors to protect against worsening heart failure.
TDK offers miniaturized, highly sensitive MEMS pressure sensor element
October 7, 2021-TDK Corporation (TSE:6762) presents the new C35 type pressure sensor element, 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.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
Over the last few decades, the Asia-Pacific automotive industry has grown from a modest government-controlled sector to one dominated by huge international corporations. The country is home to significant businesses such as Kia, Hyundai, and Renault, and demand for automobiles is predicted to expand steadily.
The Chinese government considers the automotive industry, which includes the auto components business, to be one of the most important industries in the country. China's automotive output is expected to exceed 35 million units by 2025, according to the country's central government. This is expected to make the automotive industry in China one of the most significant users of MEMS pressure sensors.
According to IBEF, the total number of passenger vehicles produced in India in 2021 will be 22,652,108. To accommodate expanding demand, the region's main automakers have been investing heavily in various aspects of the sector in recent months. According to the Department for Promotion of Industry and Internal Trade, the industry attracted USD 30.51 billion in FDI between April 2000 and June 2021, accounting for 5.5 percent of total FDI. MEMS pressure sensors will be in high demand in the region as a result of these expenditures.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.5% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Bosch, Denso, Sensata Technologies, Freescale Semiconductors, GE Sensing, Delphi, Infineon Technologies, Schneider Electric, Texas Instruments, Abbott, TDK-ELECTRONICS |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 93 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in MEMS Pressure Sensors Market?
Bosch, Denso, Sensata Technologies, Freescale Semiconductors, GE Sensing, Delphi, Infineon Technologies, Schneider Electric, Texas Instruments, Abbott, TDK-ELECTRONICS
What regions does this MEMS Pressure Sensors Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of MEMS Pressure Sensors Market?
Diodes, Transistors, Thyristors, Modules
What are the major end-use applications of the MEMS Pressure Sensors Market?
Networking & Communication, Automotive, Consumer Electronics, Industrial, Others
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GLOBAL MEMS PRESSURE SENSORS MARKET, BY TYPES
GLOBAL MEMS PRESSURE SENSORS MARKET, BY APPLICATION
GLOBAL MEMS PRESSURE SENSORS MARKET, BY REGION
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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