By Will Soutter
Research and Markets has included TechNavio's new report titled ‘Global MEMS Pressure Sensors Market 2011-2015’ to its catalogue.
According to the report, the global market for MEMS pressure sensors is estimated to grow at 7.03% CAGR for the period between 2011 and 2015. The increasing requirement of the automotive industry for MEMS pressure sensors is one of the major driving factors for this growth. In the automotive industry, MEMS pressure sensors are used in applications such as transmission system pressure sensing, tire pressure monitoring systems and air pressure control in engines.
An analyst from TechNavio's Hardware team stated that electronic device miniaturization has also increased the deployment of compact MEMS pressure sensors. Many fields, including automotive, industrial and healthcare, have shown interest towards miniaturization, which in turn increases demand for MEMS pressure sensors. The compact and small footprint of MEMS pressure sensors makes them suitable for miniaturized electronic devices.
One of the key market barriers will be inadequate product differentiation. TechNavio's analysts have prepared the report on the basis of extensive study of the market with insights provided by industry experts. Geographic markets covered in the report include the Americas, and the APAC and EMEA regions. The report also presents data pertaining to market landscape and forecasts. The report clearly lists out major market drivers, challenges and trends that have an impact on the global MEMS pressure sensor industry.
The comprehensive report also discusses major players involving in the global MEMS pressure sensor market. Major players mentioned in the report include Sensata Technologies, Infineon technologies, Freescale Semiconductor, Bosch Sensortec, Delphi, VTI Technologies, and Denso.