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. Due to the need for inter-vehicle connectivity, the automotive MEMS sensor market is expected to expand substantially. It is anticipated that the growing need for protection and protection for automotive applications will further drive market growth in the forecasted period. As the racing events are getting popular, the demand for advanced vehicles is growing; this is expected to fuel the demand for MEMS sensors in the near future.
However, the lack of standardization in production processes is expected to impede market growth during the forecast timeline.
The study relies heavily on both qualitative and quantitative to generate, interpret and analyze raw data about the target market, product or services offered and prominent market players operating in the Automotive MEMS Sensor market for the forecast period2021-2027. The new intelligence study further digs deep to extract all data pertaining to aspects such as production capability, spending power, customer preference and potential customers to offer usable business information. This report can be considered as a cautious assessment of the target customers, their requirements, geography generating maximum sales and potential distribution channel.
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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 Inven Sense, 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.
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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
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology& Sources
1.1. Automotive MEMS Sensor Market Definition
1.2. Automotive MEMS Sensor Market Research Scope
1.3. Automotive MEMS Sensor Market Methodology
1.4. Automotive MEMS Sensor Market Research Sources
1.4.1.Primary
1.4.2.Secondary
1.4.3.Paid Sources
1.5. Automotive MEMS Sensor Market Estimation Technique
Chapter 2.Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Automotive MEMS Sensor Market Segmentation& Impact Analysis
Continued…
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