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Automotive MEMS Sensors Market Is Growing at a CAGR of 6% During the Forecast Period; Automotive MEMS Sensors Market Opportunities and Demand
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The development in the field of vehicle to infrastructure (V2I) and vehicle to vehicle communication (V2C) is providing new market opportunity for the low cost wireless MEMS sensors used in the communication and information technology. The limited foundry outsourcing of the MEMS sensor is one major road block for the low cost design, precise size, and mass production of the automotive MEMS sensor.
The European Union mandates the electronic stability control (ESC) systems. According to the regulation, all new vehicles from November 2014 and onwards have to be operational with ESC active safety. Since 2009, the tire pressure monitoring system (TPMS) was mandated in Europe, while in U.S. it was mandated from 2000. The effective legislation in these countries insures the TPMS in all type of vehicles. On an average, 150 sensors are integrated within the luxury passenger cars in developed countries. The latest technology, such as connected car and data centric traffic management approach, and growing demand of hybrid car in the developed market is expected to drive the automotive MEMS sensor market during next few years.
Based on application, the automotive infotainment market is expected to witness the fastest growth (CAGR of 9.2%), during the forecast period. Among various type of automotive MEMS sensor, the pressure sensor led the automotive MEMS sensor market, with the market size of $ 763.1 million. The MEMS design in terms of different type of MEMS integration and application in automotive is changing continuously with the advent of advanced driver assistance systems (ADAS); connected car such as telematics, infotainment, and mobile based apps; safe car such as autonomous vehicles and V2X; and secure car such as automotive cyber security. Major players of automotive MEMS market, such as Robert Bosch GmbH, have high proprietary learning curve, and absolute cost advantage. The new market opportunities are expected mainly from non-safety based automotive MEMS sensors used in GPS navigation, communication and infrared sensors.
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The key companies operating in the global automotive MEMS sensor market include ST Microelectronics N.V., Robert Bosch GmbH, Analog Devices Inc., Sensata Technologies Inc., Panasonic Corporation, Infineon Technologies AG and Freescale Semiconductors Ltd.
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