The Automotive Micro Electro Mechanical Systems (MEMS) Sensor Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Micro Electro Mechanical Systems (MEMS) Sensor Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
……..
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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