MEMS Pressure Sensor Market: Global Industry Analysis and Forecast (2023-2029)

MEMS Pressure Sensor Market is expected to grow at a CAGR of 7.12% during the forecast period. Global MEMS Pressure Sensor Market is expected to reach US$ 4.44 Bn. by 2029.

Microelectromechanical systems (MEMS) devices combine small mechanical and electronic components on a silicon chip. It enables the combination of accurate sensors, powerful processing, and wireless communication (for example, Wi-Fi or Bluetooth) on a single IC. Micro-electro-mechanical systems (MEMS) pressure sensors are widely utilized in the application which required gauge, absolute, and differential pressure measurement. MEMS pressure sensor withstands harsh environment as they have high temperature sensing capability, robust structure, higher sensitivity than the near-linear operation in normal mode, and operating in a wide range of pressure.To Know About The Research Methodology :- Request Free Sample Report
MEMS Pressure Sensor Market Dynamics:
Increasing Use in industrial automation to Drive Global MEMS Pressure Sensor Market

Increasing adoption of MEMS pressure sensors in various end-use industries and their wide variety of applications such as in fitness trackers and other wearables, vacuum cleaners, and general-purpose industrial sensing are driving the market growth. The accelerating growth in the automotive industry along with the increasing FDI investment and continuous innovations in the industrial automation industry are boosting the MEMS pressure sensor market. Mass production activities in the assembly lines put more pressure on the operation machines thus, manufactures are adopting advanced monitoring systems or devices that are more durable, efficient, and reliable this has created many lucrative opportunities for the MEMS pressure market. In addition, with the development and innovations in electronics devices, industrial IoT solutions and factory automation for monitoring & controlling applications are further boosting the market growth. Advancements in nanoelectromechanical system (NEMS) technology has created many lucrative opportunities for the key players.

The industrial manufacturing industry are showing exponential growth, rapid growth in consumer electronics such as home appliances and smartphones, rising demand from defense & aerospace applications, and with the increasing demand for disposable pressure sensors are expected to drive the market over the coming years. However, production losses due to technical difficulties in integration, lack of standard fabrication process, and packing process impact small and large companies, this may impact the global pressure sensor market during the forecast period.

The report has profiled ten key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the Asia Pacific. Major country’s policies about manufacturing and their impact on MEMS Pressure Sensor demand are covered in the report.
MEMS Pressure Sensor Market Segment Analysis
The automotive segment is expected grow at a CAGR of 7.12% during the forecast period.

Based on End-Use, in 2022, the global automotive segment was xx% and it is estimated to reach USD$ xx Mn by 2029. There continues to be a strong acceleration in transitioning to serve new mobility trends, including increasing vehicle electrification, connectivity, advanced driver assistance systems (ADAS), networking, and autonomous driving the market growth. According to STMicroelectronics, the total addressable market for automotive electronics is worth $35.3 billion in 2019. In addition, around 65% of the total electronics in vehicles comprise traditional automotive core electronics, while digitalization and electrification systems account for the remaining 35% made a positive impact on the market.


MEMS Pressure Sensor Market Regional Insights:
North America is expected to grow at a CAGR of 6.1% during the forecast period and is expected to reach xx% market share by 2029

The MEMS Pressure Sensor market in the Asia Pacific is projected to expand at a rapid pace during the forecast period, led by the rapid expansion of emerging economies and rising trends towards electric vehicles especially in countries like China and India. The accelerated transition to electric vehicles (EVs) has made a positive impact on the MEMS pressure sensor market. In 2022, EVs account for 16% of the total vehicles produced. By 2022, this figure is expected to increase to 22%, and by 2024, around 37% of all vehicles manufactured are EVs. This, in turn, is expected to result in a significant increase in semiconductor content especially sensing devices.

North America held the largest market share in 2022 and is expected to maintain its leading position in the coming years. The market growth in North America is attributed to increasing investments in R & D for the development of advanced MEMS Pressure Sensor devices. The U.S is one of the leading countries that spend huge expenditure on the automobile sector which in turn has created many lucrative opportunities for the MEMS Pressure Sensor market. The mega growth drivers in MEMS pressure sensor are shared mobility, access control, road noise cancellation besides, manufacturers focusing on sensitivity, accuracy, stability, the linearity of the sensors, and parameters required by the application which in turn are fuelling the market growth.

The report also helps in understanding global MEMS Pressure Sensor market dynamics, structure by analyzing the market segments and project global MEMS Pressure Sensor market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global MEMS Pressure Sensor market make the report investor’s guide.
MEMS Pressure Sensor Market Scope: Inquire before buying



MEMS Pressure Sensor Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 2.74 Bn.


Forecast Period 2023 to 2029 CAGR:
7.12%
Market Size in 2029:
US $ 4.44 Bn.


 Segments Covered:
by Function
• Pressure Sensing
• Altitude Sensing
• Flow Sensing
• Depth Sensing


by Application
• Automotive On-vehicle
• Medical Devices
• HVAC
• Process Controls
• Test & Measurement
• Others


by Technology
• Piezoresistive
• Capacitive
• Resonant
• Electromagnetic
• Optical
• Others (potentiometric, piezoelectric, and thermal technologies)


by Product Type
• Absolute Pressure Sensors
• Gauge Pressure Sensors
• Differential Pressure Sensors
• Sealed Pressure Sensors
• Vacuum Pressure Sensors


by End Use Industry
• Medical
• Automotive
• Industrial
• Utility
• Aviation
• Oil & gas
• Marine
• Consumer Electronics
• Others (food & beverages, pulp & paper, and telecommunication



MEMS Pressure Sensor Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
MEMS Pressure Sensor Market Key Players
• ABB
• Honeywell
• Emerson
• Amphenol
• Sensata Technologies
• BD Sensors
• First Sensor
• Microsensor Co. Ltd.
• Quartzdyne
• Crane Co.
• Other Key Players

Frequently Asked Questions:

1. Which region has the largest share in Global MEMS Pressure Sensor Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global MEMS Pressure Sensor Market?
Ans: The Global MEMS Pressure Sensor Market is growing at a CAGR of 7.12% during forecasting period 2023-2029.

3. What is scope of the Global MEMS Pressure Sensor Market report?
Ans: Global MEMS Pressure Sensor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global MEMS Pressure Sensor Market?
Ans: The important key players in the Global MEMS Pressure Sensor Market are – ABB, Honeywell, Emerson, Amphenol, Sensata Technologies, BD Sensors, First Sensor, Microsensor Co. Ltd., Quartzdyne, Crane Co., and Other Key Players

5. What is the study period of this Market?
Ans: The Global MEMS Pressure Sensor Market is studied from 2022 to 2029.