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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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.
The market is growing as a result of the global adoption of high-tech automobiles. 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 cars.
Thanks to the use of MEMS inertial sensors, many desired properties are already present in modern automobiles. Many of their uses have gained more notoriety as a result of their expanding use in automobiles. These systems integrate nanoscale nanotechnology with NEMS (nanoelectromechanical systems). Some apps offer the most advanced functionality, which are usually only seen in higher-end devices but will eventually become commonplace.
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.
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
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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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