Global MEMS Pressure Sensor Market: Industry Size, Share, Growth, Forecasts 2016 - 2024
Latest
industry research report on: Global MEMS Pressure Sensor Market |
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
MEMS or
Micro-Electro-Mechanical Systems 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 macro scale. A pressure sensor is an
instrument to measure pressure, particularly of liquids or gases. A
pressure sensor acts as a transducer (convert one form energy into
another), and generate electrical signals when pressure is applied.
The MEMS pressure sensors are used in monitoring and controlling
systems used in various industries such as industrial, automotive,
medical, consumer electronics, and high-end devices, among others.
Significant increase in
automation and miniaturization of electrical devices are the major
drivers for the growth in MEMS Pressure Sensor Market. Increasing use
of pressure sensors in consumer electronics and high-end devices is
the major driver for the growth of the industry. Pressure sensors
also find their application in automotive industry. The growing
demand of vehicles, worldwide, has added to the rising demand of
pressure sensors. However, due to the factors such as Eurozone crisis
and high cost of labor and raw materials, the growth of overall MEMS
pressure sensor market is getting affected. Furthermore, high supply
cost is adding on to the manufacturing cost, thereby hindering the
growth of the industry.
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Automotive
and medical equipment is projected to be the major contributors in
the escalation of the overall MEMS pressure sensor market.
Advancement in technology such as Tire Pressure Monitoring System
(TPMS) and portable healthcare monitoring products is expected to add
to the growth of the industry. Asia Pacific is estimated to hold more
than half of the global share of MEMS pressure sensor market.
The
MEMS pressure sensor market can be segmented on the basis of
technology, application, and region. The industry can be divided
based on technology into capacitive, resonant solid state,
piezoresistive, electromagnetic, and optical. The piezoresistive
sensors are low-cost and highly efficient; hence, the growth in this
segment is very evident. However, the capacitive technology segment
is expected to show highest growth rate in MEMS pressure sensor
market due to its wide application such as touch sensing, position
sensing, and motion sensing.
As
per application the global MEMS pressure sensor market has been
divided into consumer electronics, automotive, industrial, oil &
gas, medical, and aeronautics, among others. Among the applications
of MEMS pressure sensor, the automotive segment is expected grow at a
steady rate owing to advancement in technology, demand of concept
cars, and automation, among others. The automotive industry is
followed by the consumer electronics segment for the overall growth
of the MEMS pressure sensor market.
Geographically,
the MEMS pressure sensor market can be subdivided into North America,
Europe, Asia Pacific, and Rest of the World. Asia Pacific has been
the largest market for MEMS pressure sensor, followed by North
America. Brooding automotive sector and consumer electronics industry
in countries such as Japan, China, Taiwan, and South Korea has
propelled the growth in the Asia Pacific region. In North America,
the growth in the MEMS pressure sensor industry is fueled by major
semiconductor and pressure sensor manufacturing companies, especially
in the U.S. and Canada. In the Rest of the World region, the demand
for MEMS pressure sensors is expected to be driven by Brazil due to
development in the manufacturing industry.
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Globally, the companies are
focusing on innovation and expansion strategies such as mergers and
acquisitions. The key players in the MEMS pressure sensor market are
Robert Bosch GmbH (Germany), General Electric (U.S.), Denso
Corporation (Japan), Freescale Semiconductor, Inc. (U.S.) and Sensata
Technologies (U.S). Other major players include Honeywell
International, Inc. (U.S.), ABB Ltd. (Switzerland), Measurement
Specialties, Inc. (U.S.), The Emerson Electric Company (U.S.),
STMicroelectronics N.V. (Switzerland), and OMRON Corporation (Japan),
among others
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a source of
reliable data on:
Market segments and
sub-segments
Market trends and dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder
analysis
The regional analysis
covers:
North America (U.S. and
Canada)
Latin America (Mexico,
Brazil, Peru, Chile, and others)
Western Europe (Germany,
U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands,
and Luxembourg)
Eastern Europe (Poland and
Russia)
Asia Pacific (China, India,
Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa
(GCC, Southern Africa, and North Africa)
The report has been compiled
through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which
entails reputable paid sources, trade journals, and industry body
databases). The report also features a complete qualitative and
quantitative assessment by analyzing data gathered from industry
analysts and market participants across key points in the industry’s
value chain.
A separate analysis of
prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the
purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop
analysis, which includes an assessment of the parent market
Important changes in market
dynamics
Market segmentation up to
the second or third level
Historical, current, and
projected size of the market from the standpoint of both value and
volume
Reporting and evaluation of
recent industry developments
Market shares and
strategies of key players
Emerging niche segments and
regional markets
An objective assessment of
the trajectory of the market
Recommendations to
companies for strengthening their foothold in the market
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