The automotive MEMS sensors market is anticipated to secure a valuation of US$ 3.9 billion in 2023 and is predicted to reach US$ 14 billion by 2033. The market is estimated to capture a CAGR of 13.7% during the forecast period.
The automotive MEMS (Micro-Electro-Mechanical Systems) sensor market refers to the segment of the automotive industry that deals with the production, integration, and application of MEMS sensors in vehicles. These sensors are small-scale devices that combine mechanical and electrical components on a microscopic scale, enabling the measurement of various physical quantities such as acceleration, pressure, temperature, and angular rate.
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Market drivers for automotive MEMS sensors include:
Increasing Demand for Vehicle Safety: Growing emphasis on vehicle safety and regulatory mandates for advanced safety features drive the adoption of MEMS sensors in systems such as ESC, airbag deployment, and ADAS.
Rise of Electric and Autonomous Vehicles: Electric vehicles (EVs) and autonomous vehicles rely heavily on MEMS sensors for precise motion sensing, environmental monitoring, and vehicle control, boosting demand for advanced sensor technologies.
Consumer Demand for Connectivity and Comfort: MEMS sensors are integral to infotainment systems, climate control systems, and in-cabin comfort features, enhancing the overall driving experience and meeting consumer expectations.
Technological Advancements: Ongoing advancements in MEMS fabrication techniques, sensor fusion algorithms, and miniaturization enable the development of smaller, more accurate, and cost-effective sensors for automotive applications.
Adoption of IoT and Vehicle-to-Everything (V2X) Communication: MEMS sensors play a crucial role in enabling vehicle connectivity, V2X communication, and data exchange between vehicles and infrastructure, supporting the evolution towards smart and connected vehicles.
Overall, the automotive MEMS sensor market is poised for significant growth as automotive manufacturers continue to prioritize safety, efficiency, and connectivity in next-generation vehicles.
Key Takeaways:
- The market is estimated to secure a CAGR of 13.7% with a valuation of US$ 14 billion by 2033.
- In the historical period, the market secured a valuation of US$ 3.4 billion with a CAGR of 15.7% between 2018 and 2022.
- The United States is leading the global market by securing a valuation of US$ 2.8 billion by 2033.
- During the forecast period, Japan is estimated to register a CAGR of 13.65% in the global market.
- China is capturing a valuation of US$ 3 billion in the global market by 2033.
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How are Key Players Adding Value in the Global Market?
The market is highly consolidated by several prominent players globally. They are adopting strategic innovations and collaborations to upsurge the global market. They are focused on developing unique and advanced products to satisfy end users’ demands.
Key Companies Profiled
- Bosch Sensortec (Germany)
- STMicroelectronics (Switzerland)
- Analog Devices, Inc. (United States)
- Texas Instruments Inc. (United States)
- InvenSense (a TDK Group Company) (United States)
- Sensata Technologies (United States)
- Murata Manufacturing Co., Ltd. (Japan)
- NXP Semiconductors (Netherlands)
- Infineon Technologies AG (Germany)
- Denso Corporation (Japan)
Recent Developments in the Global Market:
Texas Instruments announced its newly launched products, such as temperature sensors, pressure sensors, and accelerometers, to meet automotive requirements. The company further focuses on low-power sensor solutions for cost-effective and energy-efficient solutions.
Automotive MEMS Sensors Market by Category
By Sensor Type:
- Accelerometer
- Pressure Sensor
- Gyroscope
- Others
By Distribution Channel:
- OEM
- Aftermarket
By Application:
- Classic & Safety
- Body Electronics
- Powertrain
- Infotainment
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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