Global Automotive MEMS Sensor Market Size to Reach USD 9.36 Billion in 2032 | Emergen Research
The rising need for inter-vehicle communication and the increasing need for security and safety for automotive applications are driving the demand for the Automotive MEMS Sensor Market
Vancouver, Nov. 16, 2023 (GLOBE NEWSWIRE) — The global Automotive MEMS Sensor Market is forecasted to be worth USD 9.36 Billion by 2032, according to a current analysis by Emergen Research. The global Automotive MEMS Sensor market is expected to expand at a substantial rate in the forecast period due to the rising ADAS integration in the vehicle. Besides, the growing adoption of electric vehicles is expected to propel the market growth over the forecast timeframe. With evolving market trends, carmakers are shifting toward electric vehicles and autonomous vehicles to satisfy the demands of customers of the next generation. The rising integration of IoT technology in the vehicle to provide smart connectivity and advanced features is also anticipated by people the market growth in the forecasted period.
The complex production method of MEMS to prevent pollution of electrical and other materials is likely to hinder market growth over the forecast timeline.
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Segments Covered in the report
|The market size value in 2019||USD 1.79 Billion|
|CAGR (2023 – 2032)||14.1%|
|The revenue forecast in 2032||USD 9.36 Billion|
|Base year for estimation||2022|
|Forecast period||2023 – 2032|
|Quantitative units||Volume in Tons, Revenue in USD Thousand, and CAGR from 2023 to 2032|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Sales Channel, Vehicle Type, Application, and Region|
|Regional scope||North America; Europe; Asia Pacific; Central & South America; MEA|
|Country scope||U.S.; Canada; Mexico; U.K.; Germany; France; BENELUX; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey|
|Key companies profiled||InvenSense, Inc., Analog Devices, Inc., Panasonic Corporation, Sensata Technologies, Inc., General Electric Company, Robert Bosch GmbH, Freescale Semiconductor, Inc., Murata Manufacturing Co., Ltd., STMicroelectronics N.V., and Hitachi, Ltd. among others|
|Customization scope||10 hrs of free customization and expert consultation|
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MAJOR COMPANIES and Market Share Analysis
The market for Automotive MEMS Sensor is fragmented, with a significant number of large and medium-sized players, which account for a significant global share of the market. The key players of the market are well-equipped with significant manufacturing resources and are also engaged in various research and development activities. Some of the top players in the Automotive MEMS Sensor market comprise:
- InvenSense, Inc.
- Analog Devices, Inc.
- Panasonic Corporation
- Sensata Technologies, Inc.
- General Electric Company
- Robert Bosch GmbH
- Freescale Semiconductor, Inc.
- Murata Manufacturing Co., Ltd.
- STMicroelectronics N.V.
- Hitachi, Ltd.
In December 2019, Norstel AB acquired by STMicroelectronics N.V. This acquisition will strengthen ST’s internal SiC ecosystem from material expertise and process engineering through to SiC-based MOSFET and diode design and production
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Some Key Highlights from the Report
- Due to the advanced features and advantages such as fast hydraulic brake malfunction detection, refinement of the airflow fuel blend, automated elimination of exhaust pollutants, recirculation monitoring of exhaust, preventing doors from trapping fingers, and triggering airbags more efficiently, the Pressure Sensor segment is expected to witness significant market growth over the forecast period.
- Due to the cost-effective equipment and easy to configure advantages, the aftermarket segment is expected to expand at a steady pace.
- Over the forecast timeline, the commercial segment is expected to see steady growth as it facilitates lane departure functionality, speed, and pressure monitoring, which allows a car safer and much more efficient.
- As the rising automotive versatility ensures that more electronic and electrical ancillaries are implemented, the Body Electronics segment is anticipated to expand substantially over the forecast timeframe.
- Due to the growing vehicle fleet of automotive MEMS sensors on the Asia Pacific market, growth in the predicted time frame is projected to be the fastest.
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Emergen Research has segmented the global Automotive MEMS Sensor Market on the basis of type, sales channel, vehicle type, application, and region:
- Type Outlook (Revenue, USD Billion; 2019-2032)
- Pressure Sensor
- Sales Channel Outlook (Revenue, USD Billion; 2019-2032)
- Vehicle Type Outlook (Revenue, USD Billion; 2019-2032)
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Chassis & Safety
- Body Electronics
- Regional Outlook (Revenue, USD Billion; 2019-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
- North America
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