MEMS Pressure Sensors Market Trends, Demand with Status and Global Analysis 2021-2026: Bosch, Denso, Sensata Technologies, Freescale Semiconductors

The Global MEMS Pressure Sensors Market Comprehensive Analysis, Outlook Along with Key segments and Forecasts, 2021-2027, offers an in-depth evaluation of each crucial aspect of the Global MEMS Pressure Sensors industry that relates to market size, share, revenue, demand, and development in the market. The report analyzes the MEMS Pressure Sensors market over the values, historical pricing structure, and trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the MEMS Pressure Sensors Market. The report explores the current outlook in global and key regions (North America, Europe, Asia-Pacific, and Latin America) from the perspective of players, countries (U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc.), product types, and end industries. This report provides the COVID-19 (Corona Virus) impact analysis (historic and present) in major regions and countries, also provides a futuristic analysis considering COVID-19.

The MEMS pressure sensors market was valued at USD 2439.5 million in 2020 and is expected to reach a value of USD 3320.82 million by 2026, registering a CAGR of 5.3% over the forecast period (2021 - 2026).

Global Major Players in MEMS Pressure Sensors Market are:
Bosch, Denso, Sensata Technologies, Freescale Semiconductors, GE Sensing, Delphi, Infineon Technologies, Schneider Electric, Texas Instruments, and Other.

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Market Overview:
Automotive Application to Hold Major Share
- 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. With the advent of engine control systems, the need for sensors on both the input and the exhaust sides of the engine came into effect. A manifold absolute pressure (MAP) and a manifold air temperature (MAT) sensor were used to compute the density of air entering the engine.
- Tire pressure in any vehicle is a crucial factor for a comfortable ride, high mileage, long tire life, and precise braking. As a result, apart from traditional assembly line fittings applications, MEMS pressure sensors have high demand from aftermarket products, such as tire pressure monitoring systems (TPMS), etc. Moreover, the average selling price (ASP) of MEMS pressure sensors utilized in automotive applications is comparatively low.
- According to the European Federation for Transport and Environment, approximately half of all automobiles not equipped with a tire-pressure monitoring system are driven on significantly under-inflated tires. TPMS is used to provide real-time monitoring of operating pressures of the automotive tire before, during, and after typical vehicle operation/driving conditions.
- The tire-lifetime extension can be implemented via correct tire-pressure maintenance. According to Goodyear, for every 1 psi drop in tire pressure, tread life decreases by 1.78%. The Highway Traffic Safety Administration (NHTSA) estimates that if all light vehicles meet the four-tire, 25% compliance option required by the Tread-Act via TPMS, the average tire-tread life may increase by 1,150 miles.

North America to Hold Major Share
- North America is expected to dominate the MEMS pressure sensors market owing to adoption in various sectors, such as automotive, aerospace, and many more. Also, stringent government regulations regarding passenger safety and significantly growing automotive and aerospace industries drive the market for MEMS pressure sensors in North America.
- With changing dynamics in the industry, automotive manufacturers are moving toward electric vehicle production to meet next-generation consumers' needs. The use of electric vehicles in the United States has risen rapidly, with an estimated 1% of automotive sales in the US market. This is set to significantly augment the demand for MEMS pressure sensors designed for automotive applications.
- The region houses 8 out of 10 largest medical device companies, including Medtronic, Johnson & Johnson, GE Healthcare, Baxter, Becton Dickinson, Cardinal Health, Abbott Labs, and Stryker. With production expected to increase over the forecast period considering the demand, both domestic and across regions (China, Canada, and Mexico accounted for 26.1% of all US medical device exports in 2017), the scope for MEMS pressure sensors is significant.
- According to Cisco Systems, the number of connected wearable devices in North America grew from 38.65 million in 2015 to 217 million in 2017 and is expected to reach 439 million by 2022. The growth of the wearables market in North America is highlighted by figures that expect 25% of the adult population to be using a wearable device by 2022. MEMS pressure sensors used by smart wearable manufacturers, such as Fitbit, are making revenues as high as 61% from the United States alone.
- An increase in the production of helicopters and commercial aircraft in the United States is expected to drive the market as well. The United States exports more than 60% of all aerospace production. Many foreign firms are attracted to the US aerospace market, as it is the largest in the world, characterized by a skilled and hospitable workforce, diverse offerings, and extensive distribution systems.

Most important types of MEMS Pressure Sensors covered in this report are:
Capacitive Pressure Sensors
Piezoresistive Pressure Sensors
Piezoelectric Pressure Sensors

Most widely used downstream fields of MEMS Pressure Sensors market covered in this report are:
Automotive
Medical
Industrial
Military & Defense
Others

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Strategic Points Covered in Table of Content of MEMS Pressure Sensors Market:
- Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global MEMS Pressure Sensors market (2021-2027).
- Chapter 2: Exclusive Summary – the basic information of the Global MEMS Pressure Sensors Market.
- Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global MEMS Pressure Sensors; Post COVID Analysis.
- Chapter 4: Presenting the Global MEMS Pressure Sensors Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
- Chapter 5: Displaying the by Type, End User and Region/Country 2016-2020.
- Chapter 6: Evaluating the leading manufacturers of the Global MEMS Pressure Sensors Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
- Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027).

The report has 150 tables and figures browse the report description and TOC:
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