Automotive MEMS Sensors Market Outlook 2031
The Automotive MEMS sensors market size was valued at USD 3.43 Billion in 2022 and is likely reach to USD 10.89 Billion by 2031, expanding at a CAGR of 13.7% during forecast period 2023–2031. Growth of the market is attributed to rapidly growing economy, rising demand for communication solutions, and growing demand for MEMS sensors to provide reliable energy management.
In electronic devices and vehicles, the MEMS sensors are used. As an accelerometer and pressure sensors the MEMS sensors are used first time in motor vehicles. In a set of capacitive plates, the sensors are used which are made up of a suspended mass. The electric potential difference is created, when tilt is applied to the sensor.
The Covid-19 pandemic affected the demand and supply of automotive MEMS sensors market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth.
Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing passenger security & safety regulations is projected to boost the market in the coming years.
- Increased automation features are major factor fueling the market during the forecast period.
- High cost of automotive MEMS sensors is anticipated to hamper the market growth.
- Lack of awareness about automotive MEMS sensors is projected to hamper the market growth in the coming years.
- R&D investment and technological advancement in automotive MEMS sensors is projected to create lucrative opportunities for the market players.
Scope of Automotive MEMS Sensors Market Report
The report on the automotive MEMS sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive MEMS Sensors Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Type (Automatic Door Lock Sensors, Air Bag Deployment Sensors, Tire Pressure Sensors, Fuel Rail Pressure Sensors, Engine Oil Sensors, Combustion Sensors, Gyroscopes, Airflow Control, Crank Shaft Position Sensors, and Fuel Injection & Fuel Pump Sensors), End- users (Body Electronics, Infotainment, Chassis & Safety, Powertrain, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Robert Bosch GmbH; STMicroelectronics NV; Infineon Technologies AG; General Electric Co.; Delphi Automotive PLC; Freescale Semiconductors Ltd.; Analog Devices Inc.; Panasonic Corp.; Sensata Technologies, Inc.; Denso Corp.; Hitachi, Ltd.; General Electronic Company; and Murata Manufacturing Co., Ltd.
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Automotive MEMS Sensors Market Segment Insights
The gyroscopes segment accounts for key share of the market
Based on types, the automotive MEMS sensors market is segregated into automatic door lock sensors, air bag deployment sensors, tire pressure sensors, fuel rail pressure sensors, engine oil sensors, combustion sensors, gyroscopes, airflow control, crank shaft position sensors, and fuel injection & fuel pump sensors.
The gyroscopes segment accounts for a key share of the market. Growth of the market is attributed to increasing per capita income and rising investment by private sector. However, the air bag deployment sensors are anticipated to expand at a rapid pace during the forecast period due to increasing use of electronic vehicles and rapid urbanization.
The chassis & safety segment is anticipated to hold significant market share during the forecast period
On the basis of end-users, the market is fragmented into body electronics, infotainment, chassis & safety, powertrain, and others. The chassis & safety segment is anticipated to hold the significant market share during the forecast period.
Growth of the market is attributed to increasing usages of sensor-enabled products, emerging demand for MEMS sensor from various sectors, and rapidly growing economy.
However, the body electronic segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising population and increasing purchasing power of individuals.
Automotive MEMS Sensors Market Regional Outlook
Asia Pacific is estimated to hold major market share
On the basis of region, the automotive MEMS sensors market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
The market of Europe is anticipated to expand at a high CAGR during the forecast period due to increasing demand for comfort & safety cars and increasing adaption of ADAS. The market of Asia pacific is expected to hold a major market share due to rising need for performance improvement and increased focus on compliance.
Segments
Types
- Automatic Door Lock Sensors
- Air Bag Deployment Sensors
- Tire Pressure Sensors
- Fuel Rail Pressure Sensors
- Engine Oil Sensors
- Combustion Sensors
- Gyroscopes
- Airflow Control
- Crank Shaft Position Sensors
- Fuel Injection & Fuel Pump Sensors
End-Users
- Body Electronics
- Infotainment
- Chassis & Safety
- Powertrain
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Robert Bosch GmbH
- STMicroelectronics NV
- Infineon Technologies AG
- General Electric Co.
- Delphi Automotive PLC
- Freescale Semiconductors Ltd.
- Analog Devices Inc.
- Panasonic Corp.
- Sensata Technologies, Inc.
- Denso Corp.
- Hitachi, Ltd.
- General Electronic Company
- Murata Manufacturing Co., Ltd.
Competitive Landscape
Key players competing in the automotive MEMS sensors market include Robert Bosch GmbH; STMicroelectronics NV; Infineon Technologies AG; General Electric Co.; Delphi Automotive PLC; Freescale Semiconductors Ltd.; Analog Devices Inc.; Panasonic Corp.; Sensata Technologies, Inc.; Denso Corp.; Hitachi, Ltd.; General Electronic Company; and Murata Manufacturing Co., Ltd.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.
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