MEMS Pressure Sensors Market Forecasts to 2028 – Global Analysis By Type (Silicon Capacitive, Silicon Piezoresistive, Differential, Absolute, Gauge Type, MEMS Diffused Pressure Sensors, MEMS Ceramic Pressure Sensors, MEMS Piezoresistive Strain Gauge Senso

MEMS Pressure Sensors Market Forecasts to 2028 – Global Analysis By Type (Silicon Capacitive, Silicon Piezoresistive, Differential, Absolute, Gauge Type, MEMS Diffused Pressure Sensors, MEMS Ceramic Pressure Sensors, MEMS Piezoresistive Strain Gauge Sensors, MEMS Capacitive Pressure Sensors and Other Types), By Application (Consumer Electronics, Aerospace and Defense, Industrial, Automotive, Medical, Healthcare and Other Applications) and By Geography

According to Stratistics MRC, the Global MEMS Pressure Sensors Market is accounted for $2.24 billion in 2022 and is expected to reach $5.46 billion by 2028 growing at a CAGR of 16.0% during the forecast period. The pressure sensor in a MEMS, or micro-electro-mechanical system, converts pressure during operation into an electrical signal output. Typically, it consists of a signal processing unit and pressure elements. MEMS pressure sensors have a number of advantages, including low power consumption, light weight, compact volume, accurate measurement in a space-constrained area, low cost, and little impact on the items being detected.

According to Cisco, by 2022, machine-to-machine (M2M) connections that support IoT applications are expected to account for over half of the world's 28.5 billion connected devices.

Market Dynamics

Driver

Growing trend towards fitness and health monitoring devices

Around the world, there is a rising need for devices that monitor health and fitness and are often used in daily life. The demand for activity trackers, smartwatches, and other personal digital health gadgets is rising rapidly. To support the dimensions of fitness and enable higher precision in physical activity, businesses are creating new MEMS pressure sensors like barometric pressure sensors that are suitable for such applications as fitness bands, smartphones, watches, and headphones. This trend in the worldwide MEMS pressure sensor market is therefore anticipated to continue during the projected period due to rising demand for health and fitness monitoring gadgets.

Restraint

Significant pricing pressure

While pressure sensor shipments have expanded as a result of their extensive use in wearable electronics and automated intelligent controls, price erosion is a major obstacle to expanding sales. This is partially a result of the intense competition among pressure sensor manufacturers, which is driving new consumer, portable, and IoT applications. Manufacturers are lowering the price of pressure sensors in response to pricing pressure from large applications, which has an effect on revenue growth and lowers supplier margins. Therefore, there will certainly be significant pricing pressure that has a negative impact on market growth.

Opportunity

Increasing demand to monitor and control the environment

All across the world, there is a rising demand for equipment and instruments used by users every day as well as for monitoring and controlling the environment. This demand has made it necessary to increase the number of sensors in industrial machinery, automobiles, installations, and sensors for ambient intelligence. For the purpose of avoiding the need for several cables, such sensors must be wire-free and self-contained. As a result, more sensors, wireless transmission parts, and tiny energy-generating modules are therefore needed.

Threat

Complexity of multiple interface

When designing sensor-rich systems, interfaces may result in some very serious problems. Due to several challenges linked to sensor interfaces, system design and manufacture have become challenging. As a result of these systems' ability to be reused across several implementations and their importance for decoupling pieces, design, and manufacturing, they are also made more difficult. It is difficult when users are asked to combine multiple sensors into a single signal in order to report the data that the system requires. These considerations consequently have an additional effect on sensor adoption, which is anticipated to impede the expansion of the global MEMS pressure sensor market throughout the course of the projected period.

Covid-19 Impact

However, the COVID-19 outbreak affected the market for MEMS pressure sensors in 2020 and 2021, causing a modest decline in the price of MEMS pressure sensors. The COVID-19 pandemic is expected to spur growth in the market; nevertheless, consumers are attracted to IoT-enabled gadgets because of how easy it is to abide by limitations. These devices often have MEMS pressure sensors.

The silicon piezoresistive segment is expected to be the largest during the forecast period

Silicon Piezoresistive segment is expected to be the largest during the forecast period because businesses are putting more of an emphasis on creating distinctive products to meet rising consumer demand and expand revenue sources. As an illustration, the Nova Sensor P122 High Silicon Pressure Sensor Die is a 2.5mm by 2.5mm small piezoresistive pressure sensor. Additionally, the business offered it as an absolute pressure sensor, with the middle pressure denoting an enclosed internal vacuum.

The medical segment is expected to have the highest CAGR during the forecast period

Medical segment is projected to have lucrative growth over the forecasted period due to the widespread use of MEMS pressure sensors in a variety of healthcare applications. For instance, ventilators aid patients whose illnesses prevent them from breathing normally or people whose severe injuries prevent them from doing so. As a result, during the course of the forecast period, the category is anticipated to experience significant expansion in the global MEMS pressure sensor market.

Region with largest share

Asia Pacific is estimated to dominate the market throughout the projection period due to the increasing use of MEMS pressure sensors in smartphones, smart gadgets, and home electronics. Consumer electronics is anticipated to dominate the regional MEMS pressure sensor market. Additionally, Asia-Pacific, a well-known center for manufacturing, is expanding promptly. Safety laws are required for the automotive sector. Moreover, expanding technical innovation, widespread IoT implementation, pro-product governmental laws, and more will all aid in the expansion of the pressure sensor market in the upcoming years.

Region with highest CAGR

Asia-Pacific is expected to account for the highest CAGR throughout the extrapolated period because the region's need for MEMS pressure sensors will rise as a result of this increase in automotive production. Additionally, the Asia-Pacific automobile industry is one of the largest in the world. Over the previous few decades, it changed from being a minor government-controlled sector to one that is dominated by huge international corporations. Major brands, including Kia, Hyundai, and Renault, are based in South Korea, where the demand for automobiles is anticipated to expand steadily.

Key players in the market

Some of the key players in MEMS Pressure Sensors market include ABB, Amphenol Corporation, Avnet, Bosch Sensortec, Denso, General Electric, Honeywell International, Infineon Technologies, Murata Manufacturing, NXP Semiconductors, Omron Corporation, Sensata Technologies Inc, Siemens, ST electronics and TE Connectivity Ltd.

Key Developments

In December 2022, NextNav announced the industry certification of the GoertekMicroelectronics SLP07-003 digital barometric pressure sensors' test results. The NextNav-certified process provides independent verification of the barometric pressure sensor's performance, helping improve the consistency and quality of digital pressure sensor products and the readings the sensor produces.

In November 2022, Melexis launched a new line of embedded pressure sensors. These are designed for use in automobile engine management systems. The MLX90824 calculates absolute pressure before delivering a digital output signal through the SENT protocol, while the MLX90822 offers an analog result voltage. These machine-calibrated pressure gauges range from 1 to 4 bar.

In July 2022, Bosch Sensortec announced that Edge Impulse's machine-learning platform supports its sensors on the Arduino NiclaSense ME microcontroller. According to the company's announcement, the first Arduino Pro product was created in association with Bosch Sensortec, in which sensors offered by Bosch Sensortec offer numerous high-accuracy data collection and analysis methods by utilizing the pressure sensor BMP390.

In February 2022, STMicroelectronics manufacturer of micro-electro-mechanical systems (MEMS), is releasing its third generation of MEMS sensors. The new sensors offer the next jump in performance and features for consumer mobile devices, intelligent industries, healthcare, and retail. Distributors will soon be able to purchase the LPS28DFW pressure sensor in a 2.8mm x 2.8mm x 1.95mm 7-lead LGA and the LPS22DF pressure sensor in a 2.0mm x 2.0mm x 0.73mm 10-lead LGA package.

In December 2021, NextNav entered into partnership with Bosch Sensortec, a company spcializing in sensing solutions for consumer electronics, for enabling more exact vertical placement in barometric pressure sensors.

Types Covered
• Silicon Capacitive
• Silicon Piezoresistive
• Differential
• Absolute
• Gauge Type
• MEMS Diffused Pressure Sensors
• MEMS Ceramic Pressure Sensors
• MEMS Piezoresistive Strain Gauge Sensors
• MEMS Capacitive Pressure Sensors
• Other Types

Applications Covered
• Consumer Electronics
• Aerospace and Defense
• Industrial
• Automotive
• Medical
• Healthcare
• Other Applications

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements