The global automotive MEMS sensor market share 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.
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Automotive MEMS Sensor Market :
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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.
Because of the extensive use of modern automobiles, the market is growing. Micro-electro-mechanical systems (MEMS) sensors are computer systems that successfully control and regulate the vehicle’s mechanical, electrical, and electronic components. MEMS sensors are used in autos.
Because MEMS inertial sensors are used, modern cars already have a lot of desirable features. Several of their uses have grown in popularity as their use in automobiles has grown. Nanoscale nanotechnology and NEMS (nanoelectromechanical systems) are combined in these systems. The most advanced capabilities, which are usually only seen in more expensive smartphones, are included in some apps but will eventually be made available on all gadgets.
Depending 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 a number of 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.
Competitive Landscape
To meet consumer needs, several of the major competitors in the global automotive MEMS sensor market are concentrating on mergers and acquisitions. The market is extremely competitive as a result of the enormous number of participants. Other significant market participants are concentrating on providing semiconductor chips that are revolutionising automotive navigation.
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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
More Insights into the Automotive MEMS Sensor Market
The automotive MEMS sensor market is expected to be dominated by the European area. It has been predicted that the market for automotive MEMS sensors in Europe will increase due to Germany’s significant automotive sector presence. The country’s safety laws for road travel are helping to drive up demand for automotive MEMS sensors.
The expansion of automotive MEMS sensors in Europe is being fueled by the quick development of electric and hybrid vehicles. Therefore, during the assessment period of 2022–2032, Europe is anticipated to see a CAGR of 13% for automotive MEMS sensors.
Due to a growth in the number of vehicles in this region, the Asia Pacific region is another location that is anticipated to have the fastest expanding market for automotive MEMS sensors. During the forecast period, government initiatives to boost foreign direct investments are also anticipated to have a significant impact on the growth of the global automotive MEMS sensor market. These investments are intended to boost manufacturing, industrialization, and population standards in nations like China and India. As a result of the aforementioned factors, Asia Pacific is anticipated to see a CAGR of 9% for automotive MEMS sensors during the forecast period.
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