The automotive MEMS sensor market is expected to register a CAGR of 11.3% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles is likely to remain a key trend in the market.
Automotive MEMS Sensor Market Analysis
- The market for automotive MEMS sensors is expanding steadily due to factors such as growing vehicle production, increased demand for safety features, and advancements in technology and design.
- The integration of miniaturized mechanical and electrical components is revolutionizing the automotive industry, and the global automotive market is leading the way in innovation.
- Contemporary vehicles are almost completely dependent on MEMS sensors to supply vital information for environmental monitoring, vehicle safety, and advanced driver assistance systems (ADAS).
- The automotive industry's persistent emphasis on efficiency, safety, and connectivity is expected to drive exponential growth in the demand for MEMS devices, thereby transforming the automotive technology landscape.
Automotive MEMS Sensor Market Overview
- The demand for automotive MEMS sensors has surged due to the growing requirements for safety and security in automotive applications.
- MEMS sensors use technology typically found in very small devices; they are also referred to as micromachines. MEMS sensors have numerous benefits for the automotive sector.
- MEMS sensor integration has a wide range of potential uses, including crash detection, rollover detection, and vehicle navigation systems. Electronic component manufacturers and auto parts manufacturers are anticipated to be impacted by automotive MEMS sensors.
- In order to support the automotive MEMS sensor industry, national governments are also keenly interested in developing standards and laws.
- Additionally, the market is growing significantly due to the popularity of electric vehicles, the demand for gyroscopes, and research and development for new MEMS sensors.
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Automotive MEMS Sensor Market: Strategic Insights
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Automotive MEMS Sensor Market: Strategic Insights
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Automotive MEMS Sensor Market Drivers and Opportunities
Increasing Technological Advancement in the Automotive Sector to Favor the Market
- The market for MEMS sensors is driven by the automotive sector.
- MEMS sensors play a key role in Advanced Driver Assistance Systems (ADAS), which include functions such as adaptive cruise control, collision avoidance and lane-keeping assistance.
- These sensors improve driving safety and experience by enabling accurate measurements of the motion of the vehicle and the surrounding environment.
- Additionally, the development of autonomous vehicles necessitates a wide range of sensors for vehicle control, obstacle detection, and navigation.
- MEMS sensors are in high demand in this industry as automakers strive for safer and more autonomous driving.
The growing necessity for safety and security for automobile applications
- Urbanization, rising disposable income in developing markets, and technological advancements and performance are driving a significant shift in the automotive industry's growth.
- Growing consumer focus on safety features in passengers or commercial vehicles are anticipated to drive the growth opportunities of the automotive MEMS sensor market globally.
Automotive MEMS Sensor Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive MEMS sensor market analysis are product type and application.
- Based on type, the automotive MEMS sensor market is MEMS inertial sensors, MEMS microphones, and MEMS pressure sensors.
- Based on application, the automotive MEMS sensor market is divided into advanced driver assistance systems, electronic control units, electronic stability controls, heating ventilation and air conditioning systems, safety and security, in-car navigation, OIS cameras, microphones in the cabin, tire pressure monitoring systems, and others.
Automotive MEMS Sensor Market Share Analysis by Geography
- The automotive MEMS sensor market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive MEMS sensor market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive MEMS sensor market in these regions.
Automotive MEMS Sensor Market Regional Insights
The regional trends and factors influencing the Automotive MEMS Sensor Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive MEMS Sensor Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Automotive MEMS Sensor Market
Automotive MEMS Sensor Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2024 - 2031) | 11.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Automotive MEMS Sensor Market Players Density: Understanding Its Impact on Business Dynamics
The Automotive MEMS Sensor Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Automotive MEMS Sensor Market are:
- Analog Devices Inc
- BorgWarner Inc
- Denso Corporation
- Infineon Technologies
- Invensense [TDK]
- Murata Manufacturing co., Ltd
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Automotive MEMS Sensor Market top key players overview
Automotive MEMS Sensor Market News and Recent Developments
The automotive MEMS sensor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive MEMS sensor market are listed below:
- MicroVision, Inc., a leader in MEMS-based solid-state automotive lidar and advanced driver-assistance systems (ADAS) solutions, announced that its MAVIN DR dynamic view lidar system is now supported on the NVIDIA DRIVE AGX platform. (Source: MicroVision, Inc., Company Website, September 2023)
- TDK Corporation announced the InvenSense Product Longevity Program (PLP), committing long term availability of high-performance sensors for both automotive and industrial applications. This program applies to all SmartIndustrial™ components and all newly introduced SmartAutomotive™ components. It targets industries with long design cycles and operational life, and it guarantees OEMs sustainable long-term manufacturing of their products. (Source: TDK InvenSense, Press Release, February 2022)
Automotive MEMS Sensor Market Report Coverage and Deliverables
The “Automotive MEMS Sensor Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive MEMS sensor market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive MEMS sensor market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive MEMS sensor market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the automotive MEMS sensor market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global automotive MEMS sensor market is expected to grow at a CAGR of 11.3% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the automotive MEMS sensor market.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive MEMS sensor market in the coming years.
The leading players operating in the automotive MEMS sensor market are Analog Devices Inc, BorgWarner Inc, Denso Corporation, Infineon Technologies, Invensense [TDK], Murata Manufacturing Co., Ltd, Panasonic Corporation, Robert Bosch GmbH, Senesta Technologies Inc, STMicroelectronics N.V.
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Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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The List of Companies
1. Analog Devices Inc
2. Delphi Technologies Plc.
3. Denso Corporation
4. Infineon Technologies
5. Invensense [TDK]
6. Murata Manufacturing co. , Ltd
7. Panasonic Corporation
8. Robert Bosch GmbH
9. Senesta Technologies Inc
10. STMicroelectronics N. V.
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