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Segmentation of the MEMS pressure sensors market on the basis of technology (capacitive pressure sensors, piezoresistive pressure sensors, and piezoelectric pressure sensors) and measurement (absolute pressure sensors, gauge pressure sensors, and differential pressure sensors). The report also outlines the market shares for key regions such as the APAC, Europe, North America, and ROW. The key vendors analyzed in this report are Bosch, Denso, Sensata Technologies, and Freescale Semiconductors.
Technavio’s research analyst predicts the global MEMS pressure sensors market to grow steadily at a CAGR of 14% during the forecast period. The MEMS pressure sensors are integrated into the monitoring and controlling system used in various applications across automotive, industrial, medical, consumer electronic, and high-end devices. Growth in vehicle automation has led to the increasing need for semiconductor devices such as MEMS pressure sensors in several automobile applications. The increase in vehicle automation will have a huge impact on the automotive segment as the applications of MEMS pressure sensors are expected to grow during the forecast period.
The use of biocompatible material for manufacturing these sensors and their small form factor are contributing to the increased adoption of MEMS pressure sensors in the healthcare industry. With the miniaturization and the growing demand for sophisticated medical devices, the adoption of MEMS pressure sensors will increase during the forecast period.
Piezoresistive pressure sensors are implanted with piezo-resistors directly on the silicon diaphragm, which is done with the help of boron, and is diffused to selected regions of maximum stress. These sensors are easy to manufacture and enable linear operation over a wide range of applications.
APAC accounted for more than 50% of the market share during 2015 and is expected to grow at a CAGR of almost 16% during the forecast period. The majority of the revenue from this region is generated from the automotive and industrial segments.
The major vendors in the global MEMS pressure sensor market are already well established, technologically advanced, and operates at high economies of scale, and they occupy more than 50% of the total market. Therefore, it becomes difficult for new vendors to enter the market because of high entry barriers in terms of capital and technology.
The leading vendors in the market are -
Other prominent vendors in the market include GE Sensing, Delphi, Infineon Technologies, Schneider Electric, and Texas Instruments.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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