- The key vendors in the Global MEMS Pressure Sensors Market 2015-2019 are Denso Corp., Freescale Semiconductor Ltd., Robert Bosch GmbH and Sensata Technologies Inc.
London, 07 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global MEMS Pressure Sensors Market 2015-2019. Miniaturization of electronic devices is one of the major trends in the market. In almost all segments, including Automotive, Healthcare and Industrial, vendors are following the trend of miniaturization, which has led to high demand for MEMS pressure sensors. The Global MEMS Pressure Sensors market is expected to grow at a CAGR of 9.1 percent during the forecast period of 2014-2019.
The application of MEMS pressure sensors in medical devices is increasing as they play a vital role in monitoring patient condition effectively and are used in devices to give precise and accurate information. MEMS pressure sensors are also used in blood pressure measuring devices, laparoscopic devices, and respiratory disorder diagnostic equipment.
“Most smartphones have embedded GPS systems and other MEMS motion sensors such as accelerometers, gyroscopes, and magnetometers,” says Faisal Ghaus, Vice President of TechNavio Research.
“MEMS pressure sensors can aid the GPS in calculating altitude and position of the device in use. This technology is gradually finding its use in smartphone designing and is expected to grow with the Smartphones market.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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