The global mems sensors for automotive market is anticipated to grow at a CAGR of 14.0% during the forecast period (2022-2028). Mems (micro-electro-mechanical system) sensor technology in chip format is widely used indispensable in vehicles and electronic devices. The first versions were used in motor vehicles as pressure sensors and accelerometer. The market growth is majorly attributable to the increasing safety concerns for the automotive industry and the advent of automation of industry 4.0. The trend of Industry 4.0 is likely to significantly impact the coming few years as it is widely adopted in multiple industrial settings post COVID-19 situation.
Adding to this, the growing safety concerns in the automotive industry, especially in the future, where there is substantial usage of autonomous vehicles, are poised to drive MEMS sensors’ use in such applications. Safety and security in automobiles, being the major concern of automotive makers is one of the key factors driving the market growth. According to the WHO, globally, more than 1.35 million people are killed in road accidents every year. MEMS sensors play a critical role in improving the safety features of the vehicles, thereby driving the growth of the market.
Some key players operating in the market include Denso Corp., Analog Devices, Inc., and Robert Bosch GmbH, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as partnerships, mergers and acquisitions, collaborations, and new product launches and development in the existing product portfolio. For instance, in March 2021, a US-based semiconductor test handler company named Boston Semi Equipment (BSE), received repeat orders from automotive customers for multiple Zeus gravity test handlers configured for mems high-power and pressure IC testing applications.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Denso Corp., Analog Devices, Inc., and Robert Bosch GmbH, among others.
A full report Global Mems Sensors for Automotive Marketof is available at: https://orionmarketreports.com/global-mems-sensors-for-automotive-market/101227/
Global MEMS Sensors for Automotive Market Report by Segment
By Product
- Accelerometers
- Gyroscopes
- Pressure Sensor
- Others
By Application
- Body and Convenience
- Safety and Chassis
- Powertrain
- Infotainment
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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