Oct 13 2014
Research and Markets has announced the addition of the "Global MEMS Pressure Sensors Market 2014-2018" report to their offering.
MEMS pressure sensors are devices containing very small electrical and mechanical components on a single chip. These pressure sensors provide an interface that can sense, process, and control the environment external to the system in which the sensors are installed. They work on the principle of change in resonant frequency to calculate the pressure. These sensors are widely used in the Automotive, Healthcare, and Industrial segments.
Some of the applications of these sensors in the Automotive segment include measuring air flow management, tire pressure monitoring systems, and airbag safety systems. In the Healthcare segment, MEMS pressure sensors are used for blood pressure monitoring and respiratory disorder diagnostic equipment. In the Industrial segment, they are used for industrial process control and HVAC control.
The analysts forecast the Global MEMS Pressure Sensor market will grow at a CAGR 8.6 percent over the period 2014-2018.
This report covers the present scenario and the growth prospects of the Global MEMS Pressure Sensor market for the period 2014-2018. The report considers 2013 as the base year and forecasts the market till 2018. To calculate the market size, the report considers revenue generated from sales of MEMS pressure sensors to the key customer segments in 2013. The report considers the sales of the entire range of MEMS pressure sensors to the OEMs and does not consider the aftermarket sales.
The report, the Global MEMS Pressure Sensor Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, the EMEA region, and the Americas; it also covers the Global MEMS Pressure Sensor market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The Electronics industry is following the trend of miniaturization of electronic devices. Most end-users prefer small and compact electronic devices. The miniaturization trend has led to increased distribution of small MEMS pressure sensors. Vendors across segments are following the miniaturization trend, leading to the high demand for MEMS pressure sensors. Small and compact MEMS pressure sensors are easily compatible with miniaturized electronic devices.
According to the report, one of the major drivers of the growth of the market is the increasing adoption of MEMS pressure sensors in the Automotive sector. The major applications of MEMS pressure sensors in the Automotive industry include pressure control systems in engines, tire pressure monitoring systems, and transmission system pressure sensing. Furthermore, MEMS pressure sensors are becoming one of the significant components in automobiles.
Source: http://www.researchandmarkets.com/