What is MEMS Pressure Sensors?
MEMS or Micro-Electro-Mechanical Systems (MEMS) is a technology in which tiny integrated devices or systems are created that combines mechanical and electrical components. They are fabricated on the micro-scale, yet, generate effects on a macro scale. A pressure sensor acts as a transducer and generates electrical signals when pressure is applied. The MEMS pressure sensors are used in various industries such as industrial, automotive, medical, consumer electronics, and high-end devices for monitoring and controlling. The use of electric vehicles in the United States has risen rapidly, with an estimated 1 percent of automotive sales in the United States market. This is set to significantly augment the demand for MEMS pressure sensors designed for automotive applications.
The market study is broken down by Type (Capacitive, Piezoresistive, Piezoelectric and Others (Electromagnetic, and Optical)), by Application (Automotive, Consumer Electronics, Medical, Military & Defense and Others (Industrial, and Oil & Gas)) and major geographies with country level break-up.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global MEMS Pressure Sensors market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), General Electric (United States), Honeywell International, Inc. (United States), Denso Corporation (Japan), Freescale Semiconductor, Inc. (United States), Sensata Technologies (United States), Measurement Specialties, Inc. (United States), The Emerson Electric Company (United States) and STMicroelectronics N.V. (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are OMRON Corporation (Japan), Murata Manufacturing Co. Ltd. (Japan), Amphenol Corporation (United States), Alps Alpine Co. Ltd. (Japan), Infineon Technologies AG (Germany), TE Connectivity Ltd. (Switzerland), TDK Corporation (United States) and ROHM Co. Ltd. (Japan).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global MEMS Pressure Sensors market by Type, Application and Region.
On the basis of geography, the market of MEMS Pressure Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Silicon will boost the MEMS Pressure Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pressure Type, the sub-segment i.e. Relative will boost the MEMS Pressure Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In June 2020, Bosch has launched 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.
Market Trend
- Massive Adoption of Miniature Size MEMS Pressure Sensors for Design Scheme in the Automotive Industry
Market Drivers
- Increasing Use of Pressure Sensors in Consumer Electronics and High-End Devices
- Increasing Demand for Sensor-Rich Applications and Significant Increase in Automation and Miniaturization of Electrical Devices
- Stringent Government Regulations Regarding Safety and Growing Automotive and Aerospace Industries
Opportunities
- The emergence of Automation and Industry 4.0
- Technology Transition in Automotive Industry with Increasing Focus on Safety, Comfort, and Entertainment
Restraints
- Fluctuation in Raw Material Prices such as Silicon and Metals
- High Manufacturing and Supply Cost
Challenges
- Complex Manufacturing and Packaging Process of MEMS Sensors
Key Target Audience
MEMS Pressure Sensors Manufacturers, Raw Material/Equipment Suppliers, Traders/Exporters/Importers, Distributors, and Suppliers, End-use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.