MEMS Pressure Sensors Market Size (2024 - 2029)

MEMS Pressure Sensors Market Analysis

The MEMS Pressure Sensors Market size is estimated at USD 2.51 billion in 2024, and is expected to reach USD 3.39 billion by 2029, growing at a CAGR of 6.20% during the forecast period (2024-2029).

Industrial automation and demand for miniaturized consumer devices across regions, such as wearables and IoT-connected devices, are among the significant factors driving the MEMS pressure sensors market.

• MEMS sensors are gaining popularity across sectors, due to their advantages, such as accuracy and reliability, in addition to the scope for making smaller electronic devices, which have gained significant traction in the past few years. Industrial automation and demand for miniaturized consumer devices across regions, such as wearables and IoT-connected devices, are among the crucial factors driving the MEMS pressure sensors market.
• Also, The automotive industry, which is presently undergoing a technology transition with a significant focus on increasing safety, comfort, and entertainment, provides ample opportunities for MEMS pressure sensors. Emerging sensor-rich applications, such as autonomous vehicles, drones, and AR/VR equipment, further accelerate the need for MEMS pressure sensors.
• In addition, MEMS technologies have enabled miniaturized, cost-effective, and reliable sensors, some of which can withstand high temperatures and harsh environments, expanding the scope of semiconductor devices. Such diversity in MEMS devices and the different technologies involved in their manufacture have led to a complex but sustainable supply chain, from design to testing.
• The interfaces are a source of some of the most severe issues in the design of sensor-based systems. The multiple obstacles connected with sensor interfaces are enough to make design and manufacture complicated. While invaluable for decoupling parts and allowing reuse across different implementations, they are enough to make design and manufacturing difficult. Indeed, more than a third of respondents in a recent Fierce Electronics study on sensor design said that incorporating sensors into a plan is their most demanding issue. This is expected to challenge the market's growth.
• Moreover, the COVID-19 pandemic hurt the MEMS pressure sensors market in 2020 and 2021, which resulted in a slight drop in the MEMS pressure sensors. However, the market studied is likely to grow after the COVID-19 pandemic; the ease of restrictions attracted consumers to make spending decisions on IoT-enabled devices, which mostly come with MEMS pressure sensors.

MEMS Pressure Sensors Industry Segmentation

Micro-electro-mechanical systems, or MEMS, is a technology that, in its most general form, can be defined as miniaturized mechanical and electro-mechanical elements (i.e., devices and structures) that are made using the techniques of microfabrication. Moreover, MEMS pressure sensors use piezoresistors, tiny strain gauges embedded in a thin silicon membrane, to translate pressure signals into electrical signals. Pressure deflects the membrane mechanically, resulting in a mechanical strain that is transformed into a change in electrical resistance and detected as a change in voltage. The ability of the interface electronics to connect to commercially available monitors and utilize existing device circuitry reduces system complexity, lowers project costs, and shortens time to market.

The MEMS Pressure Sensors Market is Segmented by Application (Medical, Automotive, Industrial, Aerospace and Defense, and Consumer Electronics), Type (Silicon Piezoresistive and Silicon Capacitive), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.