NEW YORK, Sept. 07, 2018 (GLOBE NEWSWIRE) -- The global automotive micro-electromechanical system (MEMS) sensors market is increasing significantly, and expected to reach USD 4.8 billion by 2024 by a CAGR of 10.3%. Factors driving the growth of the market are raising concerns for the safety or security of the automobile applications, upsurge in urbanization, increasing demand for autonomous and connected vehicles, and rising capital investments in R&D activities. Additionally, the government norms towards safety and security of passengers are also fueling the demand of MEMS sensors in automotive industry. The advanced automotive sensors includes tire pressure monitoring systems (TPMS), advanced driver assistance systems, (ADAS), electronic stability control (ESC), anti-lock braking system (abs) and others. Furthermore, the development in vehicle to vehicle communication (V2C) and vehicle to infrastructure (V2I) is creating a market opportunity that offers low cost wireless MEMS sensors which are implemented in the communication and information technology. Though, complex design of MEMS sensors and limited foundry outsourcing may sometimes hamper the market growth.
An automotive MEMS sensor refers to the micro-electro mechanical system used in automobile applications. An automotive device is said to be an efficient device when it is capable to manage the synchronization between the sensors and actuator, while achieving high performance at low cost. Moreover, employing MEMS sensors in an automotive provides an enhancement in the reliability of the device along with smaller size. The growing need for inter vehicle communication (connected car) and increasing adoption of advance driver assisted system (ADAS) has led to the integration of multiple sensors in automobile. Owing to the advent of MEMS sensors in an automotive, vehicle dynamic control (VDC) for ordinary passenger cars has become practical. It is playing a key role for safety applications of the vehicle and automotive infotainment.
Key findings from the report:
- Based on type, pressure sensors held the major market share in 2017, and expected to continue its dominance over the forecast period
- On the basis of application, Infotainment segment is expected to grow with the highest CAGR during the forecast period, owing to rise in disposable income and rising demand for luxury vehicle
- Key players operating in the global automotive MEMS sensors market includes Sensata Technologies, Inc.; Texas Instruments Incorporated; STMicroelectronics NV; Panasonic Corporation; Robert Bosch GmbH; Infineon Technologies AG; Denso Corporation; Analog Devices Inc.; TDK; NXP Semiconductors; and Allegro MicroSystems, LLC among others
Rising Adoption of MEMS Sensors in Safety and Security of Vehicles
MEMS sensors are the critical electronic control system components that are used to collect and work on information in analog form and connect it to the world of digital electronics. MEMS technology helps the drivers to drive safely in the surrounding environment. MEMS sensors have a potential to control the trajectory of the vehicle. Moreover, MEMS inertial sensors are the key addition for the automobile, as they assist the vehicle to manage the state of critical elements (effective tyres) and its autonomous trajectory. Furthermore, the technological advancements in the IC fabrication technology have aided cost effective fabrication process of automotive MEMS. Additionally, advanced inertial sensors offers highly accurate navigation, and highly automated driving systems.
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Global Automotive MEMS Sensors Market - Regional Insight
Asia-Pacific is expected to grow with a fastest CAGR during 2018-2024. The growth is attributed to the increasing number of vehicle production, government norms pertaining vehicle safety, growing demand for pressure sensors, and presence of major semiconductor manufacturing industries. Moreover, rapid evolution of electric vehicle in China further boosts the demand for automotive MEMS sensors in Asia-Pacific region. North America is expected to dominate the global automotive MEMS sensors market during the forecast period.
The report segments the global automotive MEMS sensors market on the basis of type, application, and region.
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• By Type
- MEMS Pressure Sensors
- MEMS Inertial Sensors
- Vehicle Dynamic Control (VDC)
- Gyroscope
- Accelerometer
- Wheel Speed Sensors
- MEMS Microphones
- MEMS Gas sensors
- Others
• By Application
- Safety and Chassis
- Power Train
- Comfort and Convenience (HVAC)
- Infotainment
- Others
• By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Russia
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Rest of the World (RoW)
- South America
- Brazil
- Argentina
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
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