The global automotive MEMS sensor market demand is anticipated to create lucrative growth opportunities over the forecast period by registering a total CAGR of 15% from 2022 to 2032. In 2022, the global market had a value of US$2.41 billion, and by 2032, it is anticipated to reach US$9.75 billion.
The market is expanding as a result of the widespread use of advanced vehicles. The mechanical, electrical, and electronic components of the vehicle are successfully controlled and regulated by computer systems called micro-electro-mechanical systems (MEMS) sensors. Cars employ MEMS sensors.
Modern autos already have many desired characteristics because of the usage of MEMS inertial sensors. As their use in automobiles has increased, several of their uses have become increasingly well-known. These systems combine NEMS (nanoelectromechanical systems) with nanoscale nanotechnology. Some apps include the most sophisticated features, which are typically only found in more expensive smartphones but will ultimately be available on all devices.
Based on their functional categories, automotive MEMS sensors can be used for systems such as accident detection for airbag management, vehicle dynamic control, rollover detection, antitheft systems, electronic parking brake systems, and others. A microprocessor/central unit for data processing and multiple microsensors for interacting with the environment are further crucial elements of automobile MEMS sensors. Automotive MEMS sensor systems and semiconductor devices are typically made of silicon, polymers, and metals like gold, nickel, aluminium, copper, tungsten, chromium, titanium, and platinum.
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Key Takeaways
- The increasing demand for technologically advanced vehicles all over the world is one of the primary factors driving the automotive MEMS sensor market. In addition to that, government regulations regarding safety features to reduce the usage of fuel as well as the increasing demand for vehicles with better mileage by the general public are some of the major factors boosting the adoption of automotive MEMS sensors in the automotive industry.
- Attributing to the steady growth of alternative vehicle choices, such as technologically advanced hybrid vehicles or pure electric cars, in various regions has contributed significantly to the automotive MEMS sensor market due to the high complexities of these automobiles over conventionally used vehicles.
- The ease of driving, security concerns, driver safety, and the demand for vehicles that require low maintenance are also some of the factors driving the automotive MEMS sensor market. Furthermore, an automotive MEMS sensor system usually comprises mechanical and electronic components working in tandem with each other. The perfect integration of these components is a major challenge, which can, in turn, hinder the growth of the automotive MEMS sensor market.
Competitive Landscape
Some of the prominent players in the global automotive MEMS sensor market are focusing on mergers and acquisitions in order to cater to the demands of consumers. Attributed to the presence of a such high number of participants, the market is highly competitive. Other key market players are focusing on offering semiconductor chips that are revolutionizing navigation in cars.
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Key Segments Profiled in the Automotive MEMS Sensor Market
By Application:
- Airbag Control
- Rollover Detection
- Vehicle Dynamic Control
- Electronic Parking Brake Systems
- Antitheft Systems
- Vehicle Navigation Systems
- Other Applications
By Sales Channel:
- OEMs
- Aftermarket
By Vehicle Type:
- Passenger Vehicles
- Internal Combustion Engines
- Hybrid Vehicles
- Battery Electric Vehicles (BEV)
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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More Insights into the Automotive MEMS Sensor Market
The European region is anticipated to dominate the global automotive MEMS sensor market. Due to the strong presence of the automotive industry in Germany, it has been anticipated to accelerate the demand for automotive MEMS sensors in Europe. Safety regulations while driving in the country are positively influencing the demand for automotive MEMS sensors.
The rapid production of electric cars and hybrid vehicles is contributing to the growth of automotive MEMS sensors in Europe. Thus, Europe is expected to register a CAGR of 13% for automotive MEMS sensors in the assessment period 2022-2032.
The Asia Pacific region is yet another area that is expected to be the fastest growing market in the automotive MEMS sensor market owing to an increase in the vehicle fleet in this region. Furthermore, government initiatives to increase foreign direct investments in countries such as India and China to increase manufacturing, and industrialization and improve the standard of living of the general population are also expected to play an important role in the growth of the global automotive MEMS sensor market during the forecast period. Therefore, owing to the reasons mentioned above Asia Pacific is expected to register a CAGR of 9% in the forecast period for automotive MEMS sensors.
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