Research and Markets has announced the addition of the "Global MEMS Pressure Sensors Market 2012-2016" report to their offering.
The analysts forecast the Global MEMS Pressure Sensors market to grow at a CAGR of 8.84 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand in the Automotive segment. The Global MEMS Pressure Sensors market has also been witnessing the miniaturization of electronic devices. However, the lack of product differentiation could pose a challenge to the growth of this market.
The key vendors dominating this market space are Bosch Sensortec GmbH, Denso Corp., Freescale Semiconductor Ltd., General Electric Company, and Sensata Technologies Inc.
Other vendors mentioned in the report are Delphi Corp., Infineon technologies AG, Toyota Motor Corp., and VTI Technologies.
Commenting on the report, an analyst from the team said: The Electronics industry is following the trend of the miniaturization of electronic devices. Most end-users prefer their electronic devices to be small and compact. The miniaturization trend has led to high deployment of small MEMS pressure sensors. In almost all segments, including the Automotive, Healthcare, and Industrial segments, vendors are following the trend of miniaturization, which has led to high demand for MEMS pressure sensors. The small and compact MEMS pressure sensors are easily compatible with miniaturized electronic devices.
According to the report, the major growth driver is the increasing demand for MEMS pressure sensors in the Automotive segment. The major applications of MEMS pressure sensors in the Automotive segment are in monitoring of air pressure control in engines, tire pressure monitoring systems, and transmission system pressure sensing.