The global MEMS automobile sensors market size was valued USD 1816.35 million in 2020 and is anticipated to expand at a sustainable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for cost-effective robust and reliable sensors.
Micro-electro-mechanical system (MEMS) sensors combine electrical and mechanical elements to combine signal processing capabilities on a single tiny chip, and are used in cars. Sensors, actuators, tiny structures, and microelectronics are some of the major components of MEMS. MEMS sensors, also known as micromachines, utilize technology that is commonly utilized in tiny devices. Tire pressure monitoring systems, oil pressure sensing, pedestrian protection, exhaust gas recirculation, rollover detection, navigation systems, and other applications can benefit from the usage of MEMS sensors. Additionally, the government of various nations are forming standard regulations for automotive MEMS sensors, which can strengthen the market.
Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for safety & security and IoT technologies in vehicles is anticipated to propel the global MEMS automobile sensors market
- Expansions of novel & advanced technology is expected to drive the growth of the market.
- Lack of complex manufacturing processes and standardized fabrication can hamper the market growth
- Increasing demand for electric vehicles, growing demand for gyroscopes, and rising R&D activities for emerging MEMS sensors are anticipated to create several opportunities for the market.
Scope of the Report
The report on the global MEMS automobile 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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MEMS Automobile Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Engine Oil Sensors, Tire Pressure Sensors, Combustion Sensors, Fuel Injection & Fuel Pump Sensors, Air Bag Deployment Sensors, Gyroscopes, and Fuel Rail Pressure Sensors)
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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; Analog Devices Inc.; STMicroelectronics NV; Panasonic Corporation; and Infineon Technologies AG
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Mems Automobile Sensors Market Segment Insights
Engine Oil Sensors segment is expected to grow at a rapid pace
Based on types, the market is divided into engine oil sensors, tire pressure sensors, combustion sensors, fuel injection & fuel pump sensors, air bag deployment sensors, gyroscopes, and fuel rail pressure sensors. The engine oil sensors segment is expected to grow at a rapid pace during the forecast period. However, the air bag deployment sensors segment is anticipated to hold a key share of the market in the coming years owing to implementation of advanced technology in vehicles for safety concerns.
North America is anticipated to constitute a key market share
In terms of regions, the global MEMS automobile sensors market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to higher production of vehicles. Moreover, the presence of major players and the advent of IoT devices are expected to fuel the growth of the market in the region. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to rapid growing automotive sector in emerging markets such as China and Japan.
Segments
Segments Covered in the Report
The global mems automobile sensors market has been segmented on the basis of
Types
- Engine Oil Sensors
- Tire Pressure Sensors
- Combustion Sensors
- Fuel Injection & Fuel Pump Sensors
- Air Bag Deployment Sensors
- Gyroscopes
- Fuel Rail Pressure Sensors
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Robert Bosch GmbH
- Analog Devices Inc.
- STMicroelectronics NV
- Panasonic Corporation
- Infineon Technologies AG
Competitive Landscape
Key players in the global mems automobile sensors market are Robert Bosch GmbH; Analog Devices Inc.; STMicroelectronics NV; Panasonic Corporation; and Infineon Technologies AG
The MEMS automotive sensors market is highly fragmented, with a large number of global and regional companies. These companies are concentrating on growing their global consumer base. To gain a competitive advantage throughout the projected period, these vendors are focused on research and development investment in developing new solutions, strategic partnerships, and other organic and inorganic growth initiatives.
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