Automotive MEMS Sensor Market 2016 Insights Business Opportunities, Current Trends And Restraints Forecast 2027
The Global Automotive MEMS Sensor Market is forecasted to be worth USD 4.84 Billion by 2027, according to a current analysis by Emergen Research. Due to the need for inter-vehicle connectivity, the automotive MEMS sensor market is expected to expand substantially. It is anticipated that the growing need for protection and protection for automotive applications will further drive market growth in the forecasted period. As the racing events are getting popular, the demand for advanced vehicles is growing; this is expected to fuel the demand for MEMS sensors in the near future.
The rising need for inter-vehicle
communication and the increasing need for security and safety for automotive
applications are driving the demand for the market.
However, The lack
of standardization in production processes is expected to impede
market growth during the forecast timeline.
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Key Highlights From The Report
- In March 2020, STMicroelectronics declared that it had reached a
contract to acquire Exagan, the French innovator of gallium nitride. This
deal would significantly improve its expertise, strategy, and business for
high-frequency, high-power automotive, industrial, and consumer
applications.
- It is expected that the accelerometer segment will dominate the
market with a CAGR of 14.6%. For non-critical vehicle applications such as
navigation, telematics, security, and infotainment, accelerometers are
ideal for enhanced energy-saving functionality.
- Due to strict government regulations, significant passenger vehicle
production rates, and growing demand for connectivity technologies, safety
features, flow control systems, and telematics features in passenger
vehicles, the passenger vehicle segment is the largest market over the
forecast timeline.
- Due to the different applicability and features, the OEM segment is
forecasted to hold the largest market during the forecast timeframe, with
the OEMs steadily incorporating advanced MEMS sensors into all vehicles.
- The Chassis & Safety segment will dominate the market during
the forecast period. The chassis and safety applications are driven by the
required regulations and policies, such as vehicle stability safety
systems, lane departure systems, and vehicle emission control systems.
- During the forecast timeframe, the region of North America is
expected to hold the largest market as the US has one of the biggest
manufacturing plants for automobiles in the world.
- Key participants include InvenSense, Inc., Analog Devices, Inc.,
Panasonic Corporation, Sensata Technologies, Inc., General Electric
Company, Robert Bosch GmbH, Freescale Semiconductor, Inc., Murata
Manufacturing Co., Ltd., STMicroelectronics N.V., and Hitachi, Ltd. among
others.
Competitive Landscape:
The latest study provides an insightful
analysis of the broad competitive landscape of the global Automotive MEMS
Sensor Market , emphasizing the key market rivals and their company profiles. A
wide array of strategic initiatives, such as new business deals, mergers &
acquisitions, collaborations, joint ventures, technological upgradation, and
recent product launches, undertaken by these companies has been discussed in
the report. The report analyzes various elements of the market’s competitive
scenario, such as the regulatory standards and policies implemented across the
industry over recent years.
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Emergen Research has segmented the
global Automotive MEMS Sensor Market on the basis of type, sales channel,
vehicle type, application, and region:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Gyroscope
- Pressure Sensor
- Accelerometer
- Others
- Sales Channel Outlook (Revenue, USD Billion; 2017-2027)
- OEMs
- Aftermarket
- Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Commercial
- Passenger
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Powertrain
- Infotainment
- Chassis & Safety
- Body Electronics
- Others
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
1. U.S.
2. Canada
3. Mexico
- Europe
1. Germany
2. UK
3. France
4. BENELUX
5. Rest of Europe
- Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. Rest of APAC
- Latin America
1. Brazil
2. Rest of LATAM
- MEA
1. Saudi Arabia
2. UAE
3. Rest of MEA
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast
period?
- Which end-use industry is expected to witness the highest demand
for Automotive MEMS Sensor market in the near future?
- What is the regulatory framework governing the application of
Automotive MEMS Sensor Market in the food industry?
- Which manufacturing processes are utilized for the production of
Automotive MEMS Sensor Market ?
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Table of Contents:
Table of Content:
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
3 Global Automotive MEMS Sensor by
Players
4 Automotive MEMS Sensor by Regions
4.1 Automotive MEMS Sensor Market Size
by Regions
4.2 Americas Automotive MEMS Sensor
Market Size Growth
4.3 APAC Automotive MEMS Sensor Market
Size Growth
4.4 Europe Automotive MEMS Sensor
Market Size Growth
4.5 Middle East & Africa Automotive
MEMS Sensor Market Size Growth
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications
and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Automotive MEMS Sensor Market
Forecast
11 Key Players Analysis
12 Research Findings and Conclusion
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Finally, all aspects of the Automotive MEMS
Sensor market are quantitatively as well qualitatively assessed to study the
global as well as regional market comparatively. This market study presents
critical information and factual data about the market providing an overall
statistical study of this market on the basis of market drivers, limitations
and its future prospects.
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