Bosch is likely to continue to prosper as automotive and industrial applications will drive the global MEMS pressure sensor market over the next several years, according to the market research firm's data.
The market for MEMS pressure sensors will increase from about $1.6 billion in 2017 to just over $2.0 billion in 2023, experiencing a compound annual growth rate of about 4 percent over the period, Yole said.
MEMS pressure sensor market forecast broken down by sector ($millions). Source: Yole Developpement.
Nearly half of that market is in automotive applications and almost a quarter in consumer applications. Then comes industrial followed by medical and then avionics.
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