Automotive MEMS Sensors Market is
anticipated to witness exponential growth in the forecast period. Automotive
MEMS, is an important technology mainly used in the automotive industry that
assists to improve vehicle features. Factors such as strict regulations
mandating in the integration of technologies and devices, technological
advancement, increasing demand for automotive sensors, presence of progressive
technologies such as lane departure warning (LDW) systems and advanced driver
assistance systems (ADAS) and increasing demand for connected and autonomous
vehicles are driving the market growth.
In addition, increasing capital investments in R&D
activities, rising disposable income and rapid integration of automotive
sensors in hybrid cars are likely to drive the automotive MEMS sensors market
in forthcoming period. On the other hand, high cost pressure on OEMs and
anticipated to hinder the market growth in future. However, increasing demand
of different types of sensors, particularly in autonomous cars, and strict
government regulations is likely to create lucrative opportunities for the
market. Globally, market is anticipated to expand at a significant CAGR in the
upcoming period as the scope, product types, and applications are increasing on
a global level.
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Automotive MEMS sensor market is segmented by type,
components, and geography. Market is segmented by type as Temperature Sensor,
Pressure Sensor, Gas Sensor, MEMS Sensor and Motion Sensor. The “MEMS Sensor”
segment accounted for a prominent share in the market. It is likely to witness
substantial growth in the years to come. The key factors that could be
attributed to the growth of market include increasing applications in safety
& security, body electronics, powertrain, and among others and the rising
demand of automotive sensors in Asia-pacific and North American region.
Based on components, the automotive MEMS sensor market could
span Body Electronics, Powertrain, Safety and Control and Chassis. The
“Powertrain” segment accounted for a prominent share in the market. It is
likely to witness substantial growth in the years to come. The key factors that
could be attributed to the growth of market include high efficacy of
lightweight materials for reducing fuel consumption and rising demand of powertrain
market for automated transmission.
Europe is a leading region in the market. It is likely to
maintain a dominance in the forecast period owing to factors, such as rising
demand of emission control sensors (ECS) with the increasing stringent
regulations such as NSVI, EURO VI and BS VI, technological advancement, and
increasing demand of automotive sensors. Europe is followed by Asia-Pacific
region owing to increasing spending in R&D, high demand and robust
technological infrastructure for automobile production.
Key players operating in the automotive MEMS sensors market
include Denso Corporation, Robert Bosch GmbH, Sensate Technologies, Continental
AG Corporation, Infineon Technologies, Autoliv Inc., Freescale Semiconductors,
Delphi Automotive LLP, Asahi Kasei Corporation, and Analog Devices Inc. The
leading companies are involved in partnerships, mergers and acquisitions, and
joint ventures in order to boost the inorganic growth of industry.
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