What Is The Overview Of The Global Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market?
An automotive micro electro mechanical systems (MEMS) sensor is a tiny device that measures movements and conditions in cars to improve safety and performance. It is used in electronic stability control (ESC), tire pressure monitoring systems (TPMS), inertial measurement units (IMUS), and engine management.
Automotive Micro Electro Mechanical Systems (MEMS) Sensor Global Market Report 2024 provides data on the global automotive micro electro mechanical systems (mems) sensor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive micro electro mechanical systems (mems) sensor market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Automotive Micro Electro Mechanical Systems (MEMS) Sensor ?
The automotive MEMS sensor market has experienced rapid expansion, growing from $2.75 billion in 2023 to $3.11 billion in 2024, with a CAGR of 13.2%. Historical growth has been driven by increased internet and data usage, heightened safety and compliance requirements, and growing adoption of sensors for battery monitoring. The market is projected to reach $5.14 billion by 2028, at a CAGR of 13.4%. Factors contributing to future growth include stricter safety regulations, rising EV adoption, advancements in ADAS, and increased focus on road safety. Trends include the development of high-accuracy sensors, innovations in sensor technology, and new solutions for vehicle safety.
What Are The Leading Drivers Of Growth In The Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market?
The growing demand for electric vehicles is expected to drive the growth of the automotive micro-electromechanical systems (MEMS) sensor market. EVs are powered by electric motors using rechargeable batteries and have seen rapid growth due to environmental concerns, technological advancements, and government incentives. MEMS sensors play a key role in enhancing the performance, safety, and efficiency of electric vehicles. According to the International Energy Agency, electric vehicle sales exceeded 10 million in 2022, and the percentage of new electric vehicles sold surged from 9% to 14%. This growing demand for electric vehicles is contributing to the growth of the automotive MEMS sensor market.
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How Are The Segments Defined Within The Global Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market?
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
How Are New Trends Expected To Influence The Growth Of The Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market?
Prominent companies in the automotive MEMS sensor market are developing MEMS accelerometers to enhance safety systems, ride comfort, and advanced driver assistance systems (ADAS). These accelerometers provide precise measurements of acceleration, supporting various safety and performance applications. For instance, in January 2024, Bosch, a Germany-based automotive firm, introduced the BMA530 and BMA580, the world’s smallest MEMS accelerometers for wearables and hearables. The BMA530 focuses on wearable devices with step-counting features, while the BMA580 supports hearables with voice activity detection. These compact accelerometers simplify integration into portable devices while offering innovative functionalities.
Which Region Drives The Highest Growth In The Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market?
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.
