Global Automotive MEMS Sensors Market is anticipated to witness exponential growth in the forecast period. Automotive MEMS, is an important technology mainly used in the automotive industry that assists to improve vehicle features. Factors such as strict regulations mandating in the integration of technologies and devices, technological advancement, increasing demand for automotive sensors, presence of progressive technologies such as lane departure warning (LDW) systems and advanced driver assistance systems (ADAS) and increasing demand for connected and autonomous vehicles are driving the market growth.
In addition, increasing capital investments in R&D activities, rising disposable income and rapid integration of automotive sensors in hybrid cars are likely to drive the automotive MEMS sensors market in forthcoming period. On the other hand, high cost pressure on OEMs and anticipated to hinder the market growth in future. However, increasing demand of different types of sensors, particularly in autonomous cars, and strict government regulations is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and applications are increasing on a global level.
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Automotive MEMS sensor market is segmented by type, components, and geography. Market is segmented by type as Temperature Sensor, Pressure Sensor, Gas Sensor, MEMS Sensor and Motion Sensor. The “MEMS Sensor” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include increasing applications in safety & security, body electronics, powertrain, and among others and the rising demand of automotive sensors in Asia-pacific and North American region.
Based on components, the automotive MEMS sensor market could span Body Electronics, Powertrain, Safety and Control and Chassis. The “Powertrain” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include high efficacy of lightweight materials for reducing fuel consumption and rising demand of powertrain market for automated transmission.
Europe is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as rising demand of emission control sensors (ECS) with the increasing stringent regulations such as NSVI, EURO VI and BS VI, technological advancement, and increasing demand of automotive sensors. Europe is followed by Asia-Pacific region owing to increasing spending in R&D, high demand and robust technological infrastructure for automobile production.
Key players operating in the automotive MEMS sensors market include Denso Corporation, Robert Bosch GmbH, Sensate Technologies, Continental AG Corporation, Infineon Technologies, Autoliv Inc., Freescale Semiconductors, Delphi Automotive LLP, Asahi Kasei Corporation, and Analog Devices Inc. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of industry.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Automotive MEMS Sensors in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Automotive MEMS Sensors market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Analog Devices
• Epson Toyocom
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Pressure Sensor
• Flow sensor
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Automotive MEMS Sensors for each application, including
• Safety and Chassis
• Body and Convenience
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/automotive-and-parts
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