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Automotive Micro-electromechanical System (MEMS) Sensors Market Worth Around 4.8 Billion USD by 2024 | Vigorous CAGR 10.3% In International Market

Press release   •   Apr 18, 2019 01:40 EDT

Global Automotive Micro-electromechanical System (MEMS) Sensors Market is increasing significantly and expected to reach USD 4.8 billion by 2024 at a vigorous CAGR of 10.3% during the forecast period.

Factors driving the growth of the market are rising 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 sensor in automotive industry.

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The years used for the assessment are as follows:

Historical year: 2014, 2015 and 2016
Base year: 2017
Forecast period: 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total automotive MEMS sensor market and it various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global automotive MEMS sensor market.
Finalizing the overall size and share for the global automotive MEMS sensor market

OBJECTIVES:

To classify the global automotive MEMS sensor market into segments on the basis of type, applications, and region and analyze their growth prospects individually
To analyze market trends, opportunities, drivers and restraints associated with the global automotive MEMS sensor market
Profiling key companies operating in the global automotive MEMS sensor market
To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global automotive MEMS sensor market is as follows:

By Type
MEMS Pressure Sensor
MEMS Inertial Sensor
Vehicle Dynamic Control (VDC)
Gyroscope
Accelerometer
Wheel Speed Sensor
MEMS Microphones
MEMS Gas sensors
Others

By Application
Safety and Chassis
Power Train
Comfort and Convenience
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

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FREE ANALYSIS

The MEMS technology is an advance version of IC fabrication technology. It offers high production volume of small size devices with a lower manufacturing cost. The advent of micro-machining technologies results in increasing demand for connected cars, and rising concerns for safety and security of the vehicle. Moreover, the passenger cars in Asia-Pacific is growing at the fastest pace, and due to this high demand, comfort and convenience is becoming the key factor which is driving the automotive MEMS sensor market. MEMS sensors in automotive have a wide range of applications, such as tire pressure monitoring systems, inertial sensors, and others.

MEMS sensors are gaining a high popularity owing to the emergence of vehicle dynamic control. These sensors helps in perceiving external information in real time, and actuator which is fused in vehicle dynamic control system takes appropriate action based on computed results. The demand for infotainment and safety applications in passenger cars is bringing a rapid advancement in the automotive industry, as they possesses higher accuracy and self-test capabilities.

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 sensor in Asia-Pacific region. North America is expected to dominate the global automotive MEMS sensor market during the forecast period.

Key players operating in the global automotive MEMS sensor 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.

Major Points From Table Of Contents

Global Automotive Micro-electromechanical System (MEMS) Sensors Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

CHAPTER 2. Executive Summary

CHAPTER 3. Industry Analysis

CHAPTER 4. Competitive Outlook

CHAPTER 5. Global Automotive MEMS Sensors Market Size and Forecast (2014 – 2024)

CHAPTER 6. Global Automotive MEMS Sensors Market Size and Forecast, By Geography (2014-2024)

CHAPTER 7. Key Players and Strategic Developments

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