Automotive MEMS Sensor Market Analysis by Size, Share, Growth, Trends
The global automotive MEMS sensor market size is anticipated to create lucrative growth opportunities over the forecast period by registering a total CAGR of 15% from 2022 to 2032. The global market garnered a market value of US$ 2.41 Billion in 2022 and is expected to surpass a valuation of US$ 9.75 Billion by 2032.
The spread of technologically advanced cars around the world is responsible for the market's expansion. The micro-electro-mechanical systems (MEMS) sensors used in automobiles are computer systems that effectively manage and regulate all of the vehicle's mechanical, electrical, and electronic components.
The use of MEMS inertial sensors has unlocked a number of desirable characteristics that are now among the most prevalent in modern autos. Several uses have gained popularity because they are now commonplace in autos. These systems combine nanoscale nanotechnology with NEMS (nanoelectromechanical systems). Some apps contain the most cutting-edge capabilities, which are typically available in high-end versions but which will eventually become mainstream.
On the basis of features like crash detecting for airbag management, vehicle dynamic control, rollover detection, antitheft systems, electronic parking brake systems, car navigation systems, and others, automotive MEMS sensors can be divided into different categories.
Additionally, the main components of automotive MEMS sensors are a microprocessor/central unit for data processing and a number of micro sensors for interacting with the surroundings. Silicon, polymers, and metals including gold, nickel, aluminum, copper, tungsten, chromium, titanium, platinum, etc. are often used materials for the construction of automobile MEMS sensor systems and semiconductor devices.
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Key Takeaways
The increasing demand for technologically advanced vehicles all over the world is one of the primary factors driving the automotive MEMS sensor market. In addition to that, government regulations regarding safety features to reduce the usage of fuel as well as the increasing demand for vehicles with better mileage by the general public are some of the major factors boosting the adoption of automotive MEMS sensors in the automotive industry.
Attributing to the steady growth of alternative vehicle choices, such as technologically advanced hybrid vehicles or pure electric cars, in various regions has contributed significantly to the automotive MEMS sensor market due to the high complexities of these automobiles over conventionally used vehicles.
The ease of driving, security concerns, driver safety, and the demand for vehicles that require low maintenance are also some of the factors driving the automotive MEMS sensor market. Furthermore, an automotive MEMS sensor system usually comprises mechanical and electronic components working in tandem with each other. The perfect integration of these components is a major challenge, which can, in turn, hinder the growth of the automotive MEMS sensor market.
 Competitive Landscape
Some of the prominent players in the global automotive MEMS sensor market are focusing on mergers and acquisitions in order to cater to the demands of consumers. Attributed to the presence of a such high number of participants, the market is highly competitive. Other key market players are focusing on offering semiconductor chips that are revolutionizing navigation in cars.
Key Companies Profiled
Robert Bosch GmbH
InvenSense Inc.
General Electric Company
Analog Devices, Inc.
Panasonic Corporation
Hitachi, Ltd.
Sensata Technologies Inc.
Infineon Technologies AG
Harman International