In this report, Technavio covers the present scenario and growth prospects of the global MEMS pressure sensor market for 2016-2020. Based on end user platforms, the market is divided into the following segments: Automotive, industrial, healthcare, others.
The MEMS pressure sensor market is also segmented into the following regions:
- North America
APAC: largest MEMS pressure sensor market
APAC accounted for over half the market share in 2015 and its domination will continue through 2020 where the region is expected to hold nearly 55% of the market. China, Japan, Taiwan, and South Korea are some of the leading consumer markets in this region, propelling the market to a very impressive CAGR of 15% during the forecast period. This growth can be attributed to the regions dominance of the automotive production sector, a sector which creates huge demand for MEMS sensors.
“The automotive segment in Japan is a manufacturing hub for many prominent car manufacturers, such as Toyota, Honda, Nissan, Suzuki, and Mitsubishi, while the automotive market in China is the largest in terms of automobile unit production,” said Technavio semiconductor research analyst Navin Rajendra. “In addition, China is also one of the largest manufacturers of automotive products that employ various types of sensors including MEMS pressure sensors,” added Navin.
Apart from the automotive industry, APAC is host to a large number of players in the consumer electronics and mobile devices industry where MEMS sensor technology integration is extremely prevalent. Companies like Samsung, LG, HTC, ZTE, Huawei Technologies, Lenovo, and Sony are all based in either China, South Korea, and Taiwan.
In the industrial segment, governments of countries like Taiwan and India are providing incentives and platforms to improve the manufacturing sector.
“The Government of India is attracting FDI in its manufacturing sector through its ‘Make in India’ initiative. Due to the availability of cheap labor, global manufacturers are planning to open new manufacturing plants or increase their production capacity,” said Navin. “These manufacturing plants employ several systems, such as hydraulic systems, gas analyzers, and gas meters, which employ MEMS pressure sensors for monitoring and measurement.”
Ask for a sample of this report: http://goo.gl/473O5U
Bosch, Denso, Freescale Semiconductors are major vendors headquartered in APAC. Texas Instruments, Schneider Electric, Delphi, Infineon Technologies, and GE Sensing Philips Healthcare and GE Healthcare are also major vendors but headquartered in Europe or the Americas.
Eurozone crisis and high cost of labor hindering Europe’s market share
Spending on MEMS pressure sensors in Europe is expected to grow at a CAGR of 11% during the forecast period. Just like the APAC, Europe is a significant contributor to the total market revenue because of a significant presence of the automotive industry, with prominent automakers such as Volkswagen, BMW, Audi, Mercedes-Benz, Porsche, Renault, Fiat, and Alfa Romeo in Germany, France, and Italy.
Despite Europe’s high market growth rate during the forecast period, their market share is dwindling because of the Eurozone crisis, high cost of labor and raw materials, and excessive supply costs. These factors are compelling manufacturers to shift their manufacturing facilities to more economically favorable countries in APAC. This is ultimately hindering the growth of the overall MEMS sensor market in the region.
Browse Related Reports:
- Global Infrared Sensor Market 2015-2019
- Global Wireless Sensors Market 2015-2019
- Global MEMS Magnetic Sensors Market 2016-2020
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact firstname.lastname@example.org with your requirements and a link to our subscription platform.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.