Wednesday 11 February 2015, Amsterdam
The new report recognizes the following companies as the key players in Global MEMS Pressure Sensors Market: Denso Corp., Freescale Semiconductor Inc., General Electric Co, Robert Bosch GmbH, Sensata Technologies Inc., Delphi Corp., Infineon Technologies AG, and VTI Technologies
Commenting on the report, an analyst from the reports team said: “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.
Further, the report states that one of the major challenges presents in the market is the high cost of MEMS pressure sensors. The cost of development and the overall cost of ownership of MEMS pressure sensors in some end-user sectors such as the Automotive, Healthcare, Aerospace, and Defense are high. This can affect demand for MEMS pressure sensors in the end-user segment during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.