MEMS Pressure Sensors Market is Forecasted to Reach US$ 2.8 Billion in 2028, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global MEMS pressure sensors market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2022: US$ 2.1 billion

Market Size in 2028: US$ 2.8 billion

Growth (CAGR): 5.4% during 2023-2028

Leading Type: Wired MEMS Pressure Sensors

Leading End-Use Industry Type: Automotive

Leading Region: Asia-Pacific

Forecast Period: 2023-2028

Trend Period: 2017-2021

Base Year: 2022

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the MEMS Pressure Sensors Market:

The global MEMS pressure sensors market is segmented based on type, end-use industry type, and region.

Based on type - The MEMS pressure sensors market based on type as Wired and Wireless Pressure Sensors. Wired MEMS Pressure Sensors is likely to remain the larger segment of the market during the forecast period. Wired pressure sensors are generally considered more reliable than wireless sensors because they have a direct, physical connection to the measuring equipment. This eliminates the potential for signal interference, data loss, or other communication problems that can occur with wireless sensors. Wireless pressure sensors witness faster growth during the forecast period driven by their growing acceptance in harsh operating environments.

Based on end-use industry type – The market is classified as consumer electronics, industrial, automotive, healthcare, and others. Automotive held the leading position in the market in 2022 and is expected to maintain its dominance during the forecast period. MEMS are widely used in the automotive industry some of the key applications are tire pressure sensors, corrosion sensors, exhaust gas sensors, microphones for noise cancellations, accelerometers for airbag deployment, GPS and inertial navigation systems, fuel injector pressure sensors, air conditioning pressure sensor, mass air flow pressure sensor, accelerometer for suspension control, and brake pressure sensor and control. The healthcare industry is expected to witness the highest growth driven by wide usage in different applications including medical ventilators, oxygen therapy systems, hyperbaric therapy, drug delivery systems, and blood pressure sensing.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is likely to remain the largest and fastest-growing market for MEMS pressure sensors during the forecast period. This growth outlook is majorly attributed to the following–

-         China is the largest market for MEMS pressure sensors not only in Asia-Pacific but globally as well. China has a huge dominance in the global automotive (including EVs) and consumer electronics industries. Increasing penetration of MEMS in automotive and consumer electronics is the prime factor behind the dominance of the Asia-Pacific region.

-         North America and Europe are the second-largest and third-largest markets. The USA drives the North American market whereas Germany, France, and the UK are the major markets in Europe.

MEMS Pressure Sensors Market Drivers:

Some of the key drivers listed in the report are given below.

• The demand for MEMS pressure sensors is growing rapidly owing to continuous development in digitalization, automation, industrial IoT, and the need for monitoring and control applications.

Top Companies in the MEMS Pressure Sensors Market:

Stratview Research has identified the following companies as the top market players.

• Robert Bosch GmbH
• TE Connectivity
• Infineon Technologies
• Sensata Technologies
• NXP Semiconductors
• Amphenol Corporation
• Honeywell International Inc.
• HP Development Company, L.P.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-         Aircraft Pressure Sensors Market

-         Micro Electromechanical Systems Market

About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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