The automotive micro-electro-mechanical systems (MEMS) sensor market is rapidly expanding, growing from $2.75 billion in 2023 to $3.11 billion in 2024, at a CAGR of 13.2%. This growth is propelled by increased data consumption and stringent automotive safety regulations. The market is expected to reach $5.14 billion by 2028, reflecting a CAGR of 13.4%. Key trends include innovations in sensor technology and the rising demand for advanced driver assistance systems (ADAS).
Major Driver In The Automotive Micro Electro Mechanical Systems MEMS Sensor Market
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Automotive Micro Electro Mechanical Systems MEMS Sensor Market Competitive Landscape
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.
Key Automotive Micro Electro Mechanical Systems MEMS Sensor Market Trend
Companies in the automotive microelectromechanical systems (MEMS) sensor market are developing advanced MEMS accelerometers to improve vehicle safety and driver assistance systems. These sensors provide accurate acceleration measurements crucial for various applications. In January 2024, Bosch, a Germany-based automotive company, introduced the BMA530 and BMA580 MEMS accelerometers. These compact sensors are designed for wearables and hearables, featuring built-in functionalities that facilitate easy integration into devices while significantly reducing size compared to previous models.
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Automotive Micro Electro Mechanical Systems MEMS Sensor Market Segmentation
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
By Geography:The regions 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.
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 Automotive Micro Electro Mechanical Systems MEMS Sensor Global Market Report 2024 furnishes information about the global automotive micro electro mechanical systems mems sensor market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
