The automotive micro electro mechanical systems (mems) sensor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive micro electro mechanical systems (MEMS) sensor market size has grown rapidly in recent years. It will grow from $2.75 billion in 2023 to $3.11 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to increase in internet usage and data consumption, growing need for safety and security, increase in sensors for used battery monitoring, increasing focus on compliance, and rising automotive safety regulations.
The automotive micro electro mechanical systems (MEMS) sensor market size is expected to see rapid growth in the next few years. It will grow to $5.14 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to rising stringent government regulations regarding emission standards and safety, rising demand for electric vehicles, rising adoption of advanced driver assistance systems , increasing focus on improving road safety, rising consumer demand for vehicles. Major trends in the forecast period include demand for new and advanced technology, demand for rising adoption of advanced driver assistance systems (ADAS) features in vehicles, innovations in sensor technology, increasing development of modern safety sensors to reduce accidents, and new high-accuracy inertial measurement unit (IMU) sensor.
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Scope Of Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market Overview
Market Drivers –
The rising demand for electric vehicles is expected to propel the growth of the automotive micro-electromechanical systems (MEMS) sensor market going forward. Electric vehicles (EVs) are automobiles powered by one or more electric motors, using electrical energy stored in rechargeable batteries. The rising sales of electric cars are due to increasing consumer demand for environmentally friendly vehicles, improvements in battery technology leading to longer ranges, and government incentives promoting EV adoption. MEMS sensors are integral to the functionality and advancement of electric cars, providing critical data that enhances performance, safety, comfort, and efficiency. For instance, in March 2023, according to the International Energy Agency, a France-based intergovernmental organization, the electric car market experienced exponential growth as sales surpassed 10 million in 2022, with a total of 14% of all new cars sold being electric in 2022, reflecting a substantial increase from approximately 9% in 2021. Therefore, rising demand for electric vehicles drives the automotive microelectromechanical systems (MEMS) sensor market.
Market Trends –
Major companies operating in the automotive microelectromechanical systems (MEMS) sensor market are developing MEMS accelerometers to enhance vehicle safety systems, improve ride comfort, and support advanced driver assistance systems (ADAS). MEMS accelerometers are essential components in many modern technologies, providing precise and reliable measurements of acceleration that enhance safety, performance, and functionality across multiple industries. For instance, in January 2024, Bosch, a Germany-based automotive company, launched the world’s smallest MEMS accelerometers tailored for wearables and hearables, the BMA530 and BMA580, featuring built-in functionalities that simplify product design. The BMA530 is optimized for wearables with a step counter, while the BMA580 targets hearables with voice activity detection. These compact dimensions facilitate easier placement on PCBs, offering design engineers seamless integration into portable devices. These accelerometers provide a range of innovative features while achieving a significant size reduction compared to Bosch’s previous-generation sensors.
The automotive micro electro mechanical systems (MEMS) sensor market covered in this report is segmented –
1) By Type: Tire Pressure Sensors, Engine Oil Sensors, Combustion Sensors, Fuel Injection And Fuel Pump Sensors, Air Bag Deployment Sensors, Gyroscopes, Fuel Rail Pressure Sensors, Accelerometer, Other Types
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Sales Channel: Original Equipment Manufacturer, Aftermarket
4) By Application: Powertrain, Infotainment, Telematics, Chassis And Safety, Body Electronics, Other Applications
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Regional Insights –
North America was the largest region in the automotive micro electro mechanical systems (MEMS) sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive micro electro mechanical systems (MEMS) sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automotive micro electro mechanical systems (MEMS) sensor market are Continental AG , Honeywell International Inc. , Texas Instruments, TE Connectivity Ltd., STMicroelectronics NV, Murata Manufacturing Co. Ltd., NXP Semiconductors, Omron Corporation, Keyence Corporation , Sensata Technologies Inc., Melexis, Knowles Corporation, InvenSense Inc., Micralyne Inc., Bosch Sensortec, Silicon Sensing Systems Ltd., Dytran Instruments Inc., Robert Bosch GmbH, Tronics Microsystems, Silicon Designs Inc., Infineon Technologies AG, Freescale Semiconductor Inc., Alps Electric Co. Ltd.
Table of Contents
1. Executive Summary
2. Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market characterstics
3. Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market Trends And Strategies
4. Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market – Macro Economic Scenario
5. Global Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market Size And Growth
…..
32. Global Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market Competitive Benchmarking
33. Global Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market
35. Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market Future Outlook and Potential Analysis
36. Appendix
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