The Global Automotive MEMS Sensor Market is forecasted to be worth USD 4.84 Billion by 2027, according to a current analysis by Emergen Research.
The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Automotive MEMS Sensor market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Automotive MEMS Sensor market.
The rising need for inter-vehicle communication and the increasing need for security and safety for automotive applications are driving the demand for the market.
However, The lack of standardization in production processes is expected to impede market growth during the forecast timeline.
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Key Highlights From The Report
- In March 2020, STMicroelectronics declared that it had reached a contract to acquire Exagan, the French innovator of gallium nitride. This deal would significantly improve its expertise, strategy, and business for high-frequency, high-power automotive, industrial, and consumer applications.
- It is expected that the accelerometer segment will dominate the market with a CAGR of 14.6%. For non-critical vehicle applications such as navigation, telematics, security, and infotainment, accelerometers are ideal for enhanced energy-saving functionality.
- Due to strict government regulations, significant passenger vehicle production rates, and growing demand for connectivity technologies, safety features, flow control systems, and telematics features in passenger vehicles, the passenger vehicle segment is the largest market over the forecast timeline.
- Due to the different applicability and features, the OEM segment is forecasted to hold the largest market during the forecast timeframe, with the OEMs steadily incorporating advanced MEMS sensors into all vehicles.
- The Chassis Safety segment will dominate the market during the forecast period. The chassis and safety applications are driven by the required regulations and policies, such as vehicle stability safety systems, lane departure systems, and vehicle emission control systems.
- During the forecast timeframe, the region of North America is expected to hold the largest market as the US has one of the biggest manufacturing plants for automobiles in the world.
- Key participants include 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.
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Automotive MEMS Sensor Market , emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years.
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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; 2017-2027)
- Gyroscope
- Pressure Sensor
- Accelerometer
- Others
- Sales Channel Outlook (Revenue, USD Billion; 2017-2027)
- OEMs
- Aftermarket
- Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Commercial
- Passenger
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Powertrain
- Infotainment
- Chassis Safety
- Body Electronics
- Others
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Automotive MEMS Sensor market in the near future?
- What is the regulatory framework governing the application of Automotive MEMS Sensor Market in the food industry?
- Which manufacturing processes are utilized for the production of Automotive MEMS Sensor Market ?
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Finally, all aspects of the Automotive MEMS Sensor market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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