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Automotive electrification changes the demand pattern MEMS pressure sensor market takes a new step

MEMS pressure sensors are widely used in a variety of industries, of which automotive applications are the largest. According to Yole’s analysis of industrial applications and market trends, the electrification revolution that the automotive industry is experiencing will have a significant impact on the future development of MEMS pressure sensors.

According to Yole’s 2021 MEMS Pressure Sensor Technology and Market Trends Report, the global pressure MEMS market was US$1.684 billion in 2019. It is estimated that it will be affected by COVID-19 in 2020 and drop to US$1.645 billion. It is expected that the compound annual growth rate by 2026 will reach 4%, creating a market size of US$2.214 billion.

Jér?me Mouly, head of Yole’s sensing and driver group, said that in recent years, MEMS barometers and altimeters have been introduced in smartphones, drones, e-cigarettes, and home appliances. The features of miniaturization, low power consumption and high cost-effectiveness have made consumption The market is booming. For example, a pressure sensor is integrated in a smart phone to achieve precise positioning. Invasive medical treatment can use miniaturized MEMS, such as a sphygmomanometer. Other aspects include high-precision catheters required by patients with neovascular diseases, which can take advantage of MEMS, use low-cost sensors in monitoring equipment, and promote MEMS to be widely used in the medical market.

The industrial market has moved towards Industry 4.0 and automation. Pressure monitoring and smart measuring instruments can provide good opportunities for transformation. On the other hand, defense and aerospace account for less than 5% of the overall MEMS pressure sensor market. Although the growth rate of the related application market is slow, MEMS sensors are still gradually replacing the old technology. As the automotive market moves toward green energy and raises safety requirements, the demand for MEMS sensors continues to increase. Although the electrification of automobiles may slow down the market growth of pressure sensors that were previously used extensively in gasoline vehicles, it may be accompanied by the emergence of applications required for electric vehicle batteries, such as monitoring the heat dissipation of batteries, which is expected to bring the next wave The growth momentum of the MEMS pressure sensor market. For at least the next 5 to 10 years, the pressure MEMS in the powertrain will grow moderately. However, with the disappearance of natural gas vehicles, the market changes in the next 10 years remain to be seen.

In the past, the MEMS pressure sensor market has not changed much except for mergers and acquisitions between manufacturers. Recently, with the decrease of pure oil vehicles, MEMS manufacturers will face business risks under the pressure of supplying automobiles on the market, but the industry still has time to respond to market changes. Therefore, manufacturers in the supply chain must make decisions as soon as possible, perhaps outside the automobile. Opening up new application markets, even shifting business strategies to other types of sensors/systems, or expanding business scale through mergers and acquisitions are all possible future development directions.

Revenue of MEMS pressure sensor vendors (unit: billion U.S. dollars) (Source: MEMS Pressure Sensors-Technology and Market Trends 2021 report, Yole Développement)

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