Pressure Sensor Market to Reach $11.4B by 2024

The global Pressure Sensor Market size was valued at USD 7,096.7 million in 2015 and is anticipated to reach USD 11,396.3 million by 2024. The global pressure sensors market is expected to grow at a significant pace over the forecast period owing to their application in numerous industries. The integration of Micro-Electro-Mechanical (MEMS) technology with the pressure sensors helped in diversifying…

MEMS, Connected Devices Drive Pressure Sensor Market

The pressure sensor market is forecast to reach $11.3 billion by 2023, driven by advances in MEMS technology and adoption of connected devices. According to the new market research report “Pressure Sensor Market by Product (Absolute, Differential, Gauge, Vacuum, and Sealed), Technology (Piezoresistive, Capacitive, Electromagnetic, Resonant), Application (Automotive, Medical, Industrial, Utilities) and Geography – Global Forecast…

Inertial Measurement Unit Market to Reach $21.7B by 2022

The report “Inertial Measurement Unit Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (RLG, FOG, MEMS), Application (Consumer Electronics, Aircraft, Missile, Marine, UAV, UGV, UMV), Component, and Region – Global Forecast to 2022”, published by MarketsandMarkets™, the market is projected to grow from an estimated USD 16.46 Billion in 2017 to USD 21.74 Billion by 2022, at a CAGR…

Lam Research Acquires Coventor

Lam Research Corporation (Nasdaq:LRCX), a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, today announced that it has completed the acquisition of Coventor, Inc., a leading provider of simulation and modeling solutions for semiconductor process technology, micro-electromechanical systems (MEMS), and the Internet of Things (IoT). The combination of Lam and Coventor supports Lam’s advanced process control…

SiTime Opens Netherlands Office

SiTime Corporation, the leader in MEMS-based timing solutions and a wholly owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange: 6875), announced the opening of an office in Delft, Netherlands. The new location expands SiTime’s global presence and enables the company to bring game-changing products to market faster. “SiTime’s mission is to solve the most difficult timing challenges for…

Tronics Opens MEMS Facility in Dallas

Tronics, a TDK Group Company that designs and manufactures innovative nano and microsystems, has announced the opening of a MEMS production facility located in Addison, Texas, near Dallas. The fab expands Tronics’ MEMS development and manufacturing capabilities in North America. Tronics aims to utilize the full control of its manufacturing assets to provide custom MEMS…