• Stacy Lawlor

Global MEMS Automobile Sensor Market Size to reach $ 4.3 Bn by 2028

The Global MEMS Automobile Sensor Market Size was valued at US$ 2.6 Bn in 2021 and is projected to reach US$ 4.3 Bn by 2028, at a CAGR of 9.3%. Microelectromechanical systems (MEMS) are devices that associate electrical and mechanical elements on a micrometer scale device.

Global MEMS Automobile Sensor Market Size to reach US$ 4.3 Bn by 2028

Request Free Sample To Learn More About This Report


One of the primary factors driving the automotive MEMS sensor market is the rise in demand for technologically superior automobiles around the world. Some of the key causes pushing the adoption of automotive MEMS sensors in the automobile sector are government laws addressing safety features to reduce fuel usage, as well as the general public's increasing demand for vehicles with better mileage. Furthermore, due to the high complexities of these automobiles compared to conventionally used vehicles, the steady growth of alternative vehicle options in various regions, such as technologically advanced hybrid vehicles or pure electric cars, has contributed significantly to the automotive MEMS sensor market. The automotive MEMS sensor market is also driven by reasons such as ease of driving, driver safety, security concerns, and the demand for low-maintenance automobiles. Furthermore, rising awareness, as well as the growing impact of safety standards set by the European Union and the United States Department of Transportation, have made sensors a critical component of the vehicle system. Micromachining technologies like 3D printing have improved tolerance controls to better efficiency, allowing for increasing manufacturing outputs in the MEMS sensor sector.

Global MEMS Automobile Sensor Market Size to reach US$ 4.3 Bn by 2028

Request Free Sample To Learn More About This Report


The COVID-19 outbreak has had a negatively impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, business and manufacturing units in various countries have been closed, and they are expected to remain closed in 2021. Furthermore, the worldwide supply chain has been affected by partial or complete lockdown, making it difficult for manufacturers to contact customers. The COVID-19 pandemic is wreaking havoc on society and the global economy. The impact of this pandemic is expanding by the day, and it is harming worldwide business. The crisis is causing stock market uncertainty, which is leading to a drop in corporate confidence, a major slowdown in supply chains, and an increase in panic among customer segments.


The pressure sensor segment accounted largest market share in 2020 due to the growing demand for advanced technologies coupled with AI. The pressure sensor has multiple benefits coupled with robustness, lightweight, high density, and shock resistance. The pressure sensor is largely used to monitor tire pressure, airbag pressure, and engine pressure. The advanced driver assistance system segment accounted largest market share in 2020 due to the advanced features along with better safety and security. Increasing smart devices and smart home is propelling the growth of the global MEMS automobile sensor market. Coupling with advance technologies including IoT, artificial intelligence, machine learning, cloud computing and others are used to secure data and collect information.

Global MEMS Automobile Sensor Market Size to reach US$ 4.3 Bn by 2028

Request Free Sample To Learn More About This Report


Asia Pacific is expected to dominate the market share of global mems automobile sensor market owing to the increasing demand for the sensors for computers, communications, and safety and security applications, as well as for enhanced features and connectivity products. The automotive sector is rapidly developing in the economies like China and Japan. Furthermore, due to increased air passenger traffic, concerns about flight safety, and lower maintenance costs, the region is witnessing enormous expansion in the aviation sector, which has resulted in a demand for MEMS automobile sensors. Increasing digitalization and huge population is creating the demand of MEMS automobile sensors in the region. However, North America is anticipated to emerge as the fastest-growing region over the forecast period. Due to the presence of major key players and advanced technologies is propelling the growth of the global MEMS automobile sensors market.


KEY INDUSTRY DEVELOPMENTS:


March 2022- Sensata Technologies announced collaboration with NIRA Dynamics AB Tread Depth Monitoring (TDM) ‘virtual sensor’ system for advanced driver assistance system OEMs which improves vehicle safety, efficiency and uptime. SensiML Corporation announced that it supports AI/ML development for the Arduino Nicla Sense ME featuring Bosch Sensortec sensors.


January 2022- TDK Corporation Corporation launches SmartMotion ultra-high-performance, BalancedGyro technology in a family of 6-axis MEMS motion sensors.


April 2021- Bosch Sensortec launched 4-in-1 Environmental MEMS Automobile Sensor, air quality MEMS sensor that combines four sensing features gas, humidity, temperature, and barometric pressure with AI-based technology.


Read More Details On This Report:

https://www.extrapolate.com/Automotive/mems-automobile-sensor-market/25692

7 views