DUBLIN, Feb. 12, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/jlwdh5/global_mems) has announced the addition of the "Global MEMs Pressure Sensor Market 2016-2020" report to their offering.
The global MEMS pressure sensors market to grow at a CAGR of 13.82% during the period 2016-2020.
Global MEMS Pressure Sensors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Miniaturization of electronic devices has led to the development of ultra-miniaturized and power-efficient MEMS pressure sensors, which are to be used in all the major sectors. Consumer electronics and high-end application areas are emerging application areas that will benefit from miniaturization, giving a lift to the global demand for these sensors.
According to the report, the increase in vehicle automation, in order to provide safety and efficient solutions, and the need for MEMS pressure sensors in the automotive segment have increased. The advent of tire pressure monitoring system (TPMS) in automotive segment is also boosting the demand for MEMS pressure sensors.
Further, the report states that the high manufacturing costs of MEMS pressure sensors creates hindrances for both vendors and customers.
To calculate the market size, the report considers revenue generated from the sales of MEMS pressure sensors to the following customer segments:
- Sensata Technologies
- Freescale Semiconductors
Other prominent vendors
- GE Sensing
- Infineon Technologies
- Schneider Electric
- Texas Instruments
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SOURCE Research and Markets