Sensors Expo 2018: Automotive Market Drives Demand For Pressure Sensors
Yole Développement’s report, “MEMS Pressure Sensor Market & Technologies”, indicates that the MEMS pressure sensor market will grow by 3.8% per year, reaching a value of $2 billion in 2023. According to Yole’s analysts, automotive, consumer and avionics are the most dynamic markets. In addition, market leaders are different for each market segment, except for some MEMS sensor manufacturers, Robert Bosch, who is leading both automotive and consumer and Honeywell, and NXP who are present in 3 of the following market: automotive, industrial, medical and avionics & high end.
Including 29 applications, the report identifies the key driving forces and restraints for each pressure sensor market and application, and provides accurate market value and volume forecasts. This new analysis also details the competitive landscape with market shares globally and by market. In addition, analysts propose key technical insight on main pressure technologies and main technological trends, reverse engineering trends for TPMS and consumer applications.
The automotive industry is the oldest and the biggest market for MEMS pressure sensors. Therefore, powertrain applications represent more than 50% of the pressure sensors business, followed by safety, with TPMS being the biggest single automotive application. Driven by CO2 emission reduction and automation, pressure sensors will increasingly be used in the next five years, especially in China. Indeed, government’s regulations will require pressure sensors for several applications. These include TPMS, diesel and gasoline particle filters (DPF, GPF) and fuel tank evaporation (EVAP).