Press release
MEMS Pressure Sensors Market 2021-2026: Trends, Scope, Demand, Opportunity and Forecast
The MEMS Pressure Sensors Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the MEMS Pressure Sensors market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the MEMS Pressure Sensors market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the MEMS Pressure Sensors market.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).
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Top Leading Companies of MEMS Pressure Sensors Market are - Bosch Sensortec GmbH, Murata Manufacturing Co. Ltd., Amphenol Corporation, Sensata Technologies, Inc., Silicon Microstructures, Inc., STMicroelectronics NV, Omron Corporation, Alps Alpine Co. Ltd., Infineon Technologies AG, TE Connectivity Ltd., NXP Semiconductors NV (Freescale), InvenSense Inc. (TDK Corporation), ROHM Co. Ltd., Honeywell International Inc., First Sensor AG and others.
Industry News and Updates:
- September 2020- ST unveiled its innovative High Sensitivity image sensors for in-cabin monitoring and Mirrors for low-cost LiDAR. The first wave of sensors includes the pressure sensor, the driver-side airbag, the dual front airbag, and so on. When the infotainment system emerged in cars and several more sensors were used for the non-safety application.
- June 2020- Bosch unveiled a new MEMS sensor, the SMI230, which is a highly precise sensor. The sensor constantly registers changes in the vehicle’s direction and speed, evaluates the information, and transmits it to the navigation system. There, the information is combined with the positional data from the global navigation satellite system (GNSS) and used for navigation. Such innovations are expected to boost growth in adoption in the sector.
Key Market Trends:
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.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- MEMS Pressure Sensors Market Size & Analysis (2016 - 2026)
- Market Share Analysis of MEMS Pressure Sensors Market (%),2016 - 2026
- MEMS Pressure Sensors Market Share, By Brand
- MEMS Pressure Sensors Market Share, By Company
- MEMS Pressure Sensors Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies MEMS Pressure Sensors Market Value Analysis & Forecast
- Promising MEMS Pressure Sensors Development by Major Companies
- Detailed MEMS Pressure Sensors Portfolio of the Major Companies
- Major Deals in the MEMS Pressure Sensors Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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