PUBLISHER: The Business Research Company | PRODUCT CODE: 1546417
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546417
An automotive micro electro mechanical systems (MEMS) sensor is a small device designed to measure movements and conditions within vehicles, enhancing safety and performance. It finds applications in electronic stability control (ESC), tire pressure monitoring systems (TPMS), inertial measurement units (IMUs), and engine management.
Various types of automotive MEMS sensors include tire pressure sensors, engine oil sensors, combustion sensors, fuel injection and fuel pump sensors, air bag deployment sensors, gyroscopes, fuel rail pressure sensors, accelerometers, among others. Tire pressure sensors specifically monitor air pressure in vehicle tires, alerting drivers to under-inflation or potential leaks. They are utilized across different vehicle types such as passenger and commercial vehicles, distributed through channels such as original equipment manufacturers (OEMs) and aftermarket. These sensors serve various applications including powertrain, infotainment, telematics, chassis and safety, and body electronics.
The automotive micro electro mechanical systems (MEMS) sensor market research report is one of a series of new reports from The Business Research Company that provides automotive micro electro mechanical systems (MEMS) sensor market statistics, including automotive micro electro mechanical systems (MEMS) sensor industry global market size, regional shares, competitors with a automotive micro electro mechanical systems (MEMS) sensor market share, detailed automotive micro electro mechanical systems (MEMS) sensor market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive micro electro mechanical systems (MEMS) sensor industry. This automotive micro electro mechanical systems (MEMS) sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historic period can be credited to an increase in internet usage and data consumption, a growing emphasis on safety and security, the rise in sensors for used battery monitoring, an increasing focus on compliance, and the implementation of stricter 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%. Anticipated growth in the forecast period can be attributed to more stringent government regulations concerning emission standards and safety, a rising demand for electric vehicles, increasing adoption of advanced driver assistance systems (ADAS), heightened efforts to enhance road safety, and growing consumer demand for vehicles. Key trends expected in the forecast period include the demand for new and advanced technologies, increasing adoption of ADAS features in vehicles, innovations in sensor technology, ongoing development of modern safety sensors to reduce accidents, and the introduction of new high-accuracy inertial measurement unit (IMU) sensors.
The automotive micro-electromechanical systems (MEMS) sensor market is anticipated to grow significantly due to increasing demand for electric vehicles. Electric vehicles (EVs), powered by electric motors and rechargeable batteries, are gaining popularity owing to consumer preference for environmentally friendly transportation, advancements in battery technology enhancing driving range, and government incentives promoting EV adoption. MEMS sensors play a crucial role in electric cars, providing essential data that improves performance, safety, comfort, and efficiency. For example, in March 2023, the International Energy Agency reported a surge in electric car sales, exceeding 10 million units in 2022, with electric vehicles accounting for 14% of all new car sales, a notable increase from approximately 9% in 2021. This growing demand for electric vehicles is driving growth in the automotive MEMS sensor market.
Leading companies in the automotive MEMS sensor market are innovating MEMS accelerometers to enhance vehicle safety, ride comfort, and support advanced driver assistance systems (ADAS). MEMS accelerometers are critical components in various modern technologies, delivering precise acceleration measurements that enhance safety, performance, and functionality across industries. For instance, in January 2024, Bosch, a German automotive company, introduced the BMA530 and BMA580, the world's smallest MEMS accelerometers designed for wearables and hearables. These sensors integrate advanced features such as step counting and voice activity detection, tailored to optimize product design and facilitate seamless integration into portable devices. Bosch's latest accelerometers offer significant size reductions compared to previous models, demonstrating their commitment to innovation in sensor technology.
In August 2021, Faurecia, a French company specializing in manufacturing seating and interior systems, acquired Hella GmbH & Co. KGaA for an undisclosed sum. This merger unites two companies with complementary strengths and market positions, promising to create fresh sales opportunities for Hella through Faurecia's strategic access to key Original Equipment Manufacturers (OEMs) in China and Japan. Hella GmbH & Co. KGaA, headquartered in Germany, is renowned for its expertise in automotive electronics manufacturing.
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.
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.
The countries covered in the automotive micro electro mechanical systems (MEMS) sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive MEMS sensor consists of sales of infrared (IR) sensors, and humidity sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Micro Electro Mechanical Systems (MEMS) Sensor Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive micro electro mechanical systems (MEMS) sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive micro electro mechanical systems (MEMS) sensor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive micro electro mechanical systems (MEMS) sensor market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.