Enjoy complimentary customisation on priority with our Enterprise License!
The MEMS pressure sensors market size is forecast to increase by USD 1.03 billion at a CAGR of 7.43% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for these sensors in various applications. Acoustics analyses reveal that MEMS pressure sensors are increasingly being used in consumer electronics, such as smartphones and wearable devices, to enhance product functionality and improve user experience. Additionally, the deployment of MEMS pressure sensors in IoT devices and connected systems is on the rise, enabling M2M communication and automation technologies for enhanced productivity and quality in industries. However, the complexity arising from multiple interfaces presents a challenge for market growth. Industrial robotics is another sector where MEMS pressure sensors are gaining traction, contributing to the market's expansion. Overall, the market is expected to continue its growth trajectory, driven by the increasing adoption of MEMS pressure sensors in IoT applications, robotics, and automation technologies. Keywords: MEMS pressure sensors, consumer electronics, IoT devices, connected systems, M2M communication, industrial robotics, automation technologies, productivity, quality.
The MEMS (Micro-Electro-Mechanical Systems) pressure sensors market is experiencing significant growth due to their increasing application in various industries and consumer devices. MEMS technologies, a subset of semiconductor devices, play a crucial role in enabling advanced functionality in industrial automation and miniaturized consumer products. Industrial Automation: MEMS pressure sensors offer high accuracy, reliability, and longevity, making them an ideal choice for industrial automation. These sensors are used to monitor and control pressure in various applications such as oil and gas production, power generation, and water treatment. The integration of MEMS pressure sensors in industrial robotics enhances productivity and ensures quality by enabling real-time process control and predictive maintenance.
Moreover, miniaturized Consumer Devices: MEMS pressure sensors are increasingly being used in miniaturized consumer devices such as wearables, IoT-connected devices, and AR/VR equipment. These sensors enable comfort and safety features in wearables by monitoring vital signs, pressure points, and environmental conditions. In IoT-connected devices, MEMS sensors facilitate M2M communication and data collection, enhancing the functionality and user experience. Automotive Industry: MEMS pressure sensors are essential components in the automotive industry, with applications in engine control systems, airbag deployment, and tire pressure monitoring systems. These sensors provide reliable and accurate data points, enabling early-failure detection and predictive maintenance systems, resulting in improved safety and cost savings.
Additionally, Autonomous Vehicles and Drones: MEMS sensors are also critical components in autonomous vehicles and drones, enabling signal processing abilities for navigation, obstacle detection, and environmental monitoring. These sensors provide essential data for autonomous systems to make informed decisions and operate safely and efficiently. Acoustics Analyses: MEMS pressure sensors are also used in acoustics analyses, providing valuable data for various applications such as noise monitoring, vibration analysis, and temperature monitoring. These sensors offer high accuracy and reliability, making them an essential tool for industries such as aerospace, automotive, and manufacturing. In conclusion, the market is experiencing significant growth due to their increasing application in various industries and consumer devices. MEMS sensors offer advantages such as high accuracy, reliability, and longevity, making them an essential component in industrial automation, miniaturized consumer devices, automotive industry, and more. The integration of MEMS sensors in IoT applications, robotics, and automation technologies enhances productivity, quality, and safety while reducing cost metrics.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The automotive segment is estimated to witness significant growth during the forecast period.MEMS pressure sensors have become essential components in various electronic systems, particularly in the automotive industry. These sensors, which convert mechanical pressure into electrical signals, offer significant benefits, including early-failure detection and predictive maintenance capabilities. Tire Pressure Monitoring Systems (TPMS) are a prime application, enabling real-time tire pressure monitoring for improved fuel efficiency, extended tire life, and enhanced road safety. Furthermore, MEMS pressure sensors play a vital role in engine control systems, optimizing combustion processes for better fuel efficiency and reduced emissions. Additionally, they contribute to airbag systems, ensuring appropriate deployment force based on detected pressure conditions during collisions. The cost-effective nature of MEMS technology, coupled with its advanced signal processing abilities, makes it a preferred choice for automotive applications.
Get a glance at the market share of various segments Request Free Sample
The automotive segment was valued at USD 490.00 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The Asia Pacific (APAC) region is a prominent and evolving market for MEMS pressure sensors. Factors such as swift industrialization, a thriving automotive industry, and escalating demand for consumer electronics are driving the growth of this market. Key countries in APAC, including India, China, Japan, Australia, and Indonesia, are significant contributors to the expansion of the market in this region. In China, Japan, and South Korea, the automotive sector significantly influences the demand for MEMS pressure sensors. For instance, China, the world's largest automotive market, is witnessing a heightened focus on vehicle safety and efficiency. As a result, the utilization of these sensors in applications like Tire Pressure Monitoring Systems (TPMS) and engine control systems is on the rise, contributing to the regional growth of the market.
Moreover, MEMS Lidar sensors and MEMS radar sensors are gaining popularity among LiDAR providers for Advanced Driver-Assistance Systems (ADAS) applications. Notable players, such as Infineon Technologies, are investing in the development and production of these sensors to cater to the increasing demand from the automotive industry. However, the underdeveloped aftermarket and economic slowdown may pose challenges to the market growth in APAC. Keywords: MEMS pressure sensors, APAC, automotive industry, MEMS Lidar sensor, MEMS radar sensor, LiDAR providers, ADAS applications, Infineon Technologies, underdeveloped aftermarket, economic slowdown.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for MEMS pressure sensors in consumer electronics is the key driver of the market. MEMS pressure sensors have become indispensable components in various industries and consumer electronics, fueling the expansion of The market. In the consumer electronics sector, these sensors are incorporated into miniaturized devices such as smartphones and wearables, enhancing their functionality and user experience. For instance, MEMS pressure sensors enable altitude tracking in smartphones, improving location-based services and adding convenience to users. Wearable devices, including smartwatches and fitness trackers, leverage MEMS pressure sensors for altimeter functions and environmental monitoring, offering enhanced comfort and safety features. The proliferation of IoT-connected devices further boosts the demand for MEMS pressure sensors, as they are essential for enabling the connectivity and functionality of these smart and interconnected technologies.
Additionally, industrial automation also benefits from MEMS pressure sensors, as they provide precise and reliable pressure measurements in various applications, ensuring safety and efficiency. Additionally, MEMS pressure sensors find applications in emerging markets such as autonomous vehicles, drones, and AR/VR equipment, further expanding the market's growth potential. The increasing demand for these sensors in diverse industries underscores their importance in delivering advanced features and functionality in a wide range of applications.
The increasing deployment of MEMS pressure sensors in IoT devices and connected systems is the upcoming trend in the market. MEMS pressure sensors have gained prominence in the IoT era, facilitating the integration of real-time pressure data into various applications. In the realm of smart homes, these sensors are utilized in HVAC systems to optimize air pressure and temperature, thereby promoting energy efficiency. The industrial sector benefits significantly from MEMS pressure sensors in IoT applications, enabling pressure monitoring and control in manufacturing processes to boost productivity and improve product quality.
Additionally, the automotive industry has experienced a transformative impact, with MEMS pressure sensors becoming essential components of advanced driver assistance systems (ADAS) in connected vehicles. M2M communication and acoustics analyses are integral to the functioning of MEMS pressure sensors, enhancing the performance of connected devices and robotics in automation technologies. Data points collected from these sensors contribute to the overall efficiency and effectiveness of IoT applications.
The complexity arising from multiple interfaces is a key challenge affecting the market growth. MEMS pressure sensors, utilizing advanced MEMS technologies and semiconductor devices, are essential components in various industries, including automation and IoT devices. Their high accuracy, reliability, longevity, and ability to measure pressure, temperature, vibration, and sound make them indispensable.
However, integrating these sensors into complex systems poses challenges. With numerous interfaces required for communication with microcontrollers, signal processing units, and communication modules, achieving seamless interoperability is vital. Standardizing these interfaces across diverse applications and industries is a complex undertaking. Manufacturers must navigate this challenge to ensure MEMS pressure sensors function effectively in different contexts, enhancing overall system performance.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Avnet Inc. - The company offers fabrication techniques used for creating transistors, interconnects, and other components on an integrated circuit that can also be used to construct mechanical components such as springs, deformable membranes, and many more.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
MEMS (Micro-Electro-Mechanical Systems) pressure sensors have gained significant traction in various industries due to their miniaturized structures and advanced functionalities. These sensors play a crucial role in industrial automation, enabling precision and reliability in various applications. In the realm of consumer devices, MEMS pressure sensors find their place in wearables, IoT-connected devices, and miniaturized consumer electronics, enhancing safety, comfort, and entertainment. Autonomous vehicles, drones, AR/VR equipment, and industrial robotics are among the sectors that heavily rely on MEMS sensors for signal processing abilities and data collection. MEMS technologies, a subset of semiconductor devices, offer unparalleled accuracy, reliability, and longevity in pressure sensing applications.
Additionally, MEMS sensors are not limited to pressure sensing; they also cater to temperature, vibration, sound, acoustics analyses, and other data points. With the advent of M2M communication and IoT applications, MEMS sensors have become integral components in various industries, contributing to productivity, quality, and cost metrics. Early-failure-detection and predictive-maintenance systems are some of the key applications of MEMS sensors in industrial settings. In the automotive sector, MEMS sensors are used for tire pressure monitoring, vehicle control, convenience features, powertrain optimization, infotainment, and vehicle safety. With the increasing focus on emission standards, electrification in automobiles, and the development of electric cars, battery monitoring systems have become essential, further increasing the demand for MEMS sensors.
In conclusion, the technological advancement in MEMS sensors continues to drive innovation, with the emergence of MEMS lidar sensors and MEMS radar sensors for ADAS (Advanced Driver-Assistance Systems) applications. Despite the economic slowdown, the MEMS sensors market is expected to grow significantly due to their indispensable role in various industries and applications.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
167 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.43% |
|
Market growth 2024-2028 |
USD 1.03 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
6.57 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 43% |
|
Key countries |
US, Canada, China, Japan, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Avnet Inc., Balluff GmbH, DENSO Corp., ES Systems, General Electric Co., GlobalSpec LLC, Infineon Technologies AG, Melexis NV, MICRO SENSOR CO. LTD., Millar Inc., NXP Semiconductors NV, OMRON Corp., Questex Media Group LLC, Robert Bosch GmbH, Schneider Electric SE, Sensata Technologies Inc., STMicroelectronics International N.V., TDK Corp., Texas Instruments Inc., and Zhengzhou Winsen Electronics Technology Co. Ltd. |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
