Micro-Electro-Mechanical Systems (MEMS) Pressure Sensors - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Micro-Electro-Mechanical Systems (MEMS) Pressure Sensors Market is accounted for $2,183.97 million in 2018 and is expected to reach $4,049.04 million by 2027 growing at a CAGR of 7.1% during the forecast period. Some of the key factors influencing the market growth include increasing demand for sensor-rich applications such as autonomous vehicles, drones, and AR/VR equipment, the emergence of automation & industry 4.0, and rapid development in industrial IoT solutions. However, complexity regarding multiple interfaces is restricting market growth.
MEMS are 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 the macro scale. 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.
Amongst application, the automotive segment is expected to grow at a steady rate owing to advancement in technology, the demand for concept cars, and automation, among others. Sensors and Actuators are components of automotive electronic control systems. Hence, the type of sensors and actuators required are dictated by the desired control system function.
By Geography, North America is likely to have a huge demand due to stringent government regulations regarding safety and significantly growing automotive and aerospace industries. The emergence of information technology, coupled with the increased usage of IoT across a wide range of manufacturing, industrial, and automotive applications, has added a new dimension to the way of conducting business operations in the region.
Some of the key players in global Micro-Electro-Mechanical Systems (MEMS) Pressure Sensors market are Murata Manufacturing Co. Ltd, First Sensor AG, Amphenol Corporation, Honeywell International Inc., Sensata Technologies, GE Druck Holdings Ltd, Silicon Microstructures, Inc., ROHM Co. Ltd, STMicroelectronics N.V., InvenSense Inc. (TDK Corporation), Omron Corporation, NXP Semiconductors N.V. (Freescale), Alps Alpine Co. Ltd, TE Connectivity Ltd., Infineon Technologies AG, and Bosch Sensortec GmbH.
• Oil & Gas
• Consumer Electronics
• Military & Defense
• Other Applications
• Resonant Solid State
• Piezoresistive Pressure Sensors
• Capacitive Pressure Sensors
• Piezoelectric Pressure Sensors
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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