MEMS Pressure Sensor Market

MEMS Pressure Sensor Market Snapshot (2022 to 2032)

The global MEMS pressure sensor market is expected to be valued at USD 2,242.5 Million in 2022. Increasing need for controlling and monitoring systems across various industries, drives the demand for micro-electro-mechanical systems (MEMS) technology based pressure sensors.

Data Points	Key Statistics
MEMS Pressure Sensor Market Value 2022	USD 2,242.5 Million
MEMS Pressure Sensor Market Projected Value (2032)	USD 4,086.9 Million
MEMS Pressure Sensor Market CAGR (2022 to 2032)	6.2%

MEMS technology used to create miniature integrated devices - combines electrical and mechanical components, further fabricated using integrated circuit (IC) processing techniques. The overall demand for MEMS Pressure Sensors is projected to grow at a CAGR of 6.2% between 2022 and 2032, totalling around USD 4,086.9 Million by 2032.

MEMS Pressure Sensor Demand Analysis (2016 to 2021) Vs Market Outlook (2022 to 2032)

From 2016 to 2021, sales witnessed significant growth, registering a CAGR of 4.2%. Micro-electro-mechanical systems (MEMS) pressure sensors are widely utilized in applications which require absolute, gauge and differential pressure measurements. MEMS pressure sensors sense on the micro scale and can generate effects on the macro scale.

MEMS Pressure Sensors are widely used in harsh environments, ultra-low pressure ranges, and extremely small size atmospheres. Also MEMS Pressure Sensors are utilized in various energy domains, which include electrical, mechanical, thermal, magnetic, chemical and radiant. The overall demand for MEMS Pressure Sensors is projected to grow at a CAGR of 6.2% between 2022 and 2032, totalling around USD 4,086.9 Million by 2032.

Which Drivers Underpin MEMS Pressure Sensor Industry Expansion?

Increased Demand from Automotive Industry Likely to Augment MEMS Pressure Sensor Sales

Increasing demand for MEMS Pressure Sensors from the automotive industry to enhance reliability, reduce cost and improve performance is the key factor driving the growth of MEMS global pressure sensor market during the forecast period. Furthermore, continuous focus on factory automation, rapid development in industrial IoT solutions and improved sensing approach for monitoring & control applications are the factors accelerating the demand for MEMS pressure sensors in the industrial manufacturing sector.

Also, the increasing demand for disposable pressure sensors and continuous innovation in MEMS-enabled medical applications are expected to positively impact the growth of the global MEMS pressure sensor market in medical space. Also, rapid growth in consumer electronics, such as smartphones and home appliances, and rising demand for customized MEMS devices for aerospace and defense applications are expected to fuel the growth of MEMS Pressure Sensor market during the forecast period.

Which Factors are limiting the Growth of the MEMS Pressure Sensor Market?

Increasing Awareness of Hazardous Gasses and Compounds to Impede the Growth

Lack of standard fabrication process and technical difficulties in integration and packing process are identified as the restraints likely to deter the progression of global MEMS pressure sensor market during the forecast period.

Region-wise Insights

Will North America Continue Dominance in the Global MEMS Pressure Sensor Market?

Rising Market Competition to Boost the Market Growth in North America

The North America MEMS Pressure Sensor market is expected to accumulate a market share of 33.2% in 2022. North America is dominating and contributing the leading shares to the MEMS Pressure Sensor market in terms of revenue and is expected to register a significant growth over a forecast period due to the increasing market competition.

For instance, in February 2022, Abbott announced that the US Food and Drug Administration (FDA) had approved an expanded indication for its CardioMEMS HF System to support the care of people living with heart failure. As a result, an additional 1.2 million USA patients are now eligible to benefit from advanced monitoring with the company's sensor, which marks a significant increase over the current addressable population. The sensor provides an early warning system that enables doctors to protect against worsening heart failure.

How big is the MEMS Pressure Sensor Market in Europe?

Presence of Large Number of Automobile Manufacturers to Boost Market Growth in Europe

The European region is anticipated to hold a market share of 21.7%. Europe is expected to contribute to moderate revenue market share and register a healthy growth rate in the global MEMS Pressure Sensor market due to government initiatives to expand the industrial infrastructure, presence of a large number of automobile and original equipment manufacturers.

Start-Ups for MEMS Pressure Sensor Market

Some key startups in the MEMS Pressure Sensor market include axSense Technologies, CEKO Sensors, ACEINNA, Enervibe and many more.

Recent Developments:

• Canadian startup axSense Technologies develops sensing systems. The startup uses MEMS technology to produce ultra-sensitive vibration sensors that detect even vibrations of air or water molecules due to acoustic or sonar waves. The low-noise sensors find applications in seismic imaging, pipeline health monitoring, earthquake monitoring, and sonar detection. The start-up also offers high-performance accelerometers for use in cameras, drones, and other consumer applications.
• CEKO Sensors is a Danish start-up developing high-sensitivity optical MEMS sensors. The startup’s sensors use the refractive index modulation (RIM) technology, enabling robustness and versatility of applications. The software solutions provide communications, processing, storage, and visualization, enabling efficient data access for field tests and other installations. The start-up’s solutions also enable reliable data measurement in remote and harsh environments.

Who are the Leading Players in the MEMS Pressure Sensor Market?

Prominent players in the MEMS Pressure Sensor market are Robert Bosch GmbH, Denso, NXP Semiconductors, General Electric, Texas Instruments, Infineon Technologies, MRON Corporation, Infineon Technologies AG, and Melexis and various other regional players.

• In October 2021, TDK Corporation announced the launch of the new C35 Type Pressure Sensor Element. It is designed to measure a range of 0 to 100 mbar. It combines high sensitivity with extremely low dimensions of just 2.05 x 2.05 x 1.2 mm, enabling compact pressure sensor designs. The sensor element is designed for a broad temperature range from -40 °C to +150 °C, and it is suited for pressure measurements of non-aggressive gases and liquids. The main uses are in applications that require high reliability and exact pressure measurements, such as medical engineering, with the industrial and automotive sectors.
• In September 2021, TDK Corporation announced the global availability of the InvenSense ICP-20100 platform, a next-generation, feature-rich MEMS barometric pressure sensor appropriate for applications in smartphones, tablets, drones, and smart home appliances. ICP-20100 improves on the SmartPressure product family's industry-leading accuracy, long-term drift, and temperature stability through architectural advancements.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 6.2% from 2022 to 2032
Market Value in 2022	USD 2,242.5 Million
Market Value in 2032	USD 4,086.9 Million
Base Year for Estimation	2021
Historical Data	2016 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	End User, Technology, Type, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East and Africa (MEA)
Key Countries Profiled	USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel
Key Companies Profiled	Robert Bosch GmbH; Denso; NXP Semiconductors; General Electric; Texas Instruments; Infineon Technologies AG; MRON Corporation; Honeywell International; ST Electronics
Report Customization	Available upon Request

Key Segments Covered in the MEMS Pressure Sensor Industry Analysis

By End User:

• Automotive
• healthcare
• Industrial

By Technology:

• Piezoresistive
• capacitive

By Type:

• Gauge type
• Absolute
• Differential

By Region:

• North America MEMS Pressure Sensor Market
• Latin America MEMS Pressure Sensor Market
• Europe MEMS Pressure Sensor Market
• Asia Pacific MEMS Pressure Sensor Market
• MEA MEMS Pressure Sensor Market

Frequently Asked Questions

What is the expected market value for MEMS Pressure Sensors in 2022?

As of 2022, the MEMS Pressure Sensor market is slated to reach a valuation of USD 2,242.5 Million.

At what rate will the MEMS Pressure Sensor market flourish from 2022-2032?

From 2022 to 2032, sales of MEMS Pressure Sensor is expected to grow at a 6.2% CAGR.

What is the expected market value for MEMS Pressure Sensors in 2032?

By 2032, Future Market Insights expects the MEMS Pressure Sensor market to reach USD 4,086.9 Million.