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The MEMS Pressure Sensors Market size is estimated to grow by USD 1,030 million at a CAGR of 7.43% between 2023 and 2028. The growth of the market depends on several factors, including growing demand for MEMS sensors in consumer electronics, increasing focus on smart manufacturing and integration of these in industrial automation. These devices are miniature equipment that use Micro-Electro-Mechanical Systems technology to measure pressure. MEMS integrate microscopic structures to detect pressure-induced mechanical deformations, converting them into electrical signals. Widely used in automotive, healthcare, and industrial applications, they offer compact size and high sensitivity for precise pressure measurements.
The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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The report includes a comprehensive outlook on the MEMS pressure sensors market offering forecasts for the industry segmented by application, which comprises automotive, medical, industrial, aerospace, and others. Additionally, it categorizes type into silicon piezoresistive and silicon capacitive and covers geography regions, including North America, APAC, Europe, Middle East and Africa, and South America.
The market share growth by the automotive segment will be significant during the forecast period. In the automotive industry, they play a pivotal role in enhancing vehicle safety, efficiency, and performance. One of the primary applications is in tire pressure monitoring systems (TPMS), where these sensors provide real-time data on tire pressure. Maintaining optimal tire pressure is crucial for fuel efficiency, tire longevity, and overall road safety.
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The automotive segment was the largest and was valued at USD 490 million in 2018. Several reputable companies in the market provide advanced sensors tailored for automotive applications. For instance, Bosch, a prominent player in the automotive technology sector, offers these, which are used in TPMS to ensure optimal tire inflation and improve fuel efficiency. Another example is Sensata Technologies, which provides a range of automotive-grade applications, such as engine control systems, where precise pressure measurements are essential for optimizing combustion processes. Thus, as the automotive industry continues to evolve, collaboration with reputable sensor companies remains pivotal to achieving advancements in safety, efficiency, and overall driving experience, thereby driving the growth of the market in this segment during the forecast period.
Silicon piezoresistive pressure sensors are widely used technology in the field of MEMS. These leverage the piezoresistive effect in silicon, where the electrical resistance of the material changes in response to mechanical stress. In the context of pressure sensors, this means that when pressure is applied to a diaphragm or sensing element, the resulting stress causes a measurable change in electrical resistance. Moreover, silicon piezoresistive pressure sensors exhibit good repeatability and reliability over time, making them a preferred choice in scenarios where consistent and accurate pressure measurements are essential. The integration of these sensors into MEMS technology enables miniaturization, allowing for compact designs in various electronic devices and systems. Thus, the increasing use of silicon piezoresistive pressure sensors, owing to their several benefits, will drive the growth of this segment in the market during the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The APAC region stands out as a significant and dynamic MEMS pressure sensors market, driven by a combination of factors such as rapid industrialization, a burgeoning automotive industry, and a growing demand for consumer electronics. Countries such as India, China, Japan, Australia, and Indonesia are the major contributing countries to the growth of the market in APAC. The APAC region is experiencing robust growth in the market, driven by the presence of key companies offering innovative solutions.
In addition, companies like Robert Bosch GmbH, a global leader, contribute to the regional microelectromechanical systems (MEMS) pressure sensors market with their MEMS pressure sensor offerings for applications in the automotive, consumer electronics, and industrial sectors. Similarly, Sensata Technologies Inc., with a strong presence in APAC, provides advanced sensors widely used in automotive systems, HVAC, and industrial automation. The expansion of such key players, along with the emergence of local manufacturers, exemplifies the diverse product offerings fueling the growth of the market in the dynamic and expanding APAC region during the forecast period.
Growing demand for MEMS pressure sensors in consumer electronics is notably driving the market growth. These components are essential in smartphones, wearables, and various Internet of Things (IoT) devices. In smartphones, they enable features such as altitude tracking, improve location-based services, and enhance the overall user experience. Wearable devices, such as smartwatches and fitness trackers, utilize these components for applications like altimeter functions and environmental monitoring. The increasing prevalence of IoT devices further amplifies the demand as they play a crucial role in enabling the connectivity and functionality of smart and interconnected technologies. Wearable devices like smartwatches and fitness trackers use these components for functions such as altimeters and environmental monitoring. The increasing adoption of IoT devices further drives the demand, as these components are crucial for enabling connectivity and functionality in smart and interconnected technologies.
Furthermore, as urbanization, rising incomes, and technological literacy increase in emerging economies, the demand for consumer electronics, including smartwatches and fitness trackers, has grown. Therefore, as the consumer electronics industry continues to innovate and expand, the demand for these components is expected to increase, solidifying their importance in the evolving landscape of electronic devices and contributing to market growth in the forecast period.
Increasing deployment of MEMS pressure sensors in IoT devices and connected systems is an emerging trend shaping the market growth. The rise of the IoT has significantly influenced the utilization of these, which is contributing to a new era of connected devices and systems. They play a crucial role in the IoT landscape, enabling the collection of real-time pressure data for various applications. In smart homes, these are integrated into HVAC systems to optimize air pressure and temperature, ensuring energy efficiency. Moreover, in industrial IoT, these are employed for monitoring and controlling pressure in manufacturing processes, enhancing operational efficiency. The automotive sector has witnessed a profound impact, with this becoming integral to advanced driver assistance systems (ADAS) in connected vehicles.
Additionally, the interconnected nature of IoT relies heavily on the seamless integration of sensors like MEMS pressure sensors, creating a network of intelligent devices that communicate and collaborate to improve efficiency and provide valuable insights that have a positive impact on the market. As the IoT ecosystem expands, the demand is expected to soar further, facilitating the advancement of connected technologies across diverse industries and thereby contributing to the growth of the market during the forecast period.
Complexity arising from multiple interfaces is a significant challenge hindering market growth. The complexity arising from multiple interfaces is a significant challenge in the global market. These often need to interface with various systems and platforms, such as microcontrollers, signal processing units, and communication modules. The integration of multiple interfaces adds intricacy to the design, requiring compatibility with diverse communication protocols and data formats. Achieving seamless interoperability becomes crucial, especially in applications where these are part of larger, interconnected systems, such as IoT devices or industrial automation. Standardizing these interfaces across different applications and industries is a complex task, and manufacturers need to navigate this challenge to ensure the effective integration and functionality of MEMS pressure sensors in diverse contexts.
Moreover, addressing the complexity associated with multiple interfaces requires a collaborative effort among industry stakeholders to establish common standards and enhance the adaptability of these in various applications which will negatively impact the market growth. Thus, the complexity arising from multiple interfaces can pose a major challenge to the growth of the market during the forecast period.
The Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments.
The market is driven by demand for Miniaturized consumer devices and IoT-connected devices. Drones and AR/VR equipment benefit from MEMS technologies for precise vibration and sound analyses. Industries leverage MEMS for acoustics analyses and data points in M2M communication. Industrial robotics and automation technologies rely on MEMS for enhanced productivity and quality. Predictive-maintenance systems use MEMS for early failure detection, crucial in sectors like automotive MEMS sensors for electric cars. Partnerships drive innovation in LiDAR and sensor fusion for safer autonomous vehicles amidst challenges like raw material shortages and shipping delays.
The market caters to diverse needs, enhancing comfort and entertainment in vehicles through semiconductor devices. It supports accuracy in signal processing for IoT applications and early-failure detection in automotive MEMS sensors. Global shipments of industrial robots and M2M connections benefit from MEMS for electrical and electronic industries. Miniaturized structures enable Tire Pressure Sensors to enhance vehicle control and safety. LiDAR providers collaborate for ADAS applications, mitigating safety threats in autonomous cars. Challenges like raw material shortage and economic slowdown prompt partnerships to drive technological advancement in MEMS lidar and MEMS radar sensors.
The market is driven by partnerships and joint ventures to address challenges like raw material shortages and shipping delays. The International Federation of Robotics (IFR) influences advancements in signal processing and early-failure detection in automotive MEMS sensors. These sensors play a crucial role in connectivity within vehicles through M2M connections. They enhance vehicle features such as convenience, powertrain, and infotainment while also meeting emission standards through electrification in automobiles. Battery monitoring and positioning are further optimized, supporting the electronic control unit and electronic stability control in vehicles, especially in the context of diesel cars and the underdeveloped aftermarket.
MEMS Pressure Sensors Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.43% |
Market growth 2024-2028 |
USD 1.03 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.57 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Avnet Inc., Balluff GmbH, DENSO Corp., ES Systems, General Electric Co., GlobalSpec LLC, Infineon Technologies AG, Melexis NV, MICRO SENSOR CO. LTD., Millar Inc., NXP Semiconductors NV, OMRON Corp., Questex Media Group LLC, Robert Bosch GmbH, Schneider Electric SE, Sensata Technologies Inc., STMicroelectronics International N.V., TDK Corp., Texas Instruments Inc., and Zhengzhou Winsen Electronics Technology Co. Ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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