Automotive MEMS Sensors Market 2021 Strategic Assessments – Analog Devices Inc., Delphi Automotive PLC, Denso Corporation, General Electric Co
The Automotive MEMS Sensorsmarket was valued at USD 1815.41 million in 2019and is expected to reach USD 4024.88 million by 2025, at a CAGR of 14.4% over the forecast period 2020- 2025.
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Key Market Players:
Analog Devices Inc., Delphi Automotive PLC, Denso Corporation, General Electric Co., NXP Semiconductors NV, Infineon Technologies AG, Sensata Technologies Inc., STMicroelectronics NV, Panasonic Corporation, Robert Bosch GmbH and Other
Key Market Trends
Air Bag Deployment Sensors to Witness Highest Growth
Passive safety applications, like the airbag deployment, make use of MEMS sensors for communicating vehicle deceleration inputs to the electronic control unit (ECU) that controls the airbags.
Crash sensing for airbag control is a compelling factor for the demand of inertial MEMS sensors. Companies, like ST Electronics, Bosch, and Analog Devices, among others, have been instrumental in developing MEMS-based accelerometer sensors and inertial sensors specified for a temperature range extending from -40C to +125C, which are suitable for enabling passive safety during a crash.
Innovations in the MEMS sensors for airbag applications are toward increasing the processing speed of the sensors and sensors that can detect forces up to 120g or 480g. For instance, Bosch, in November 2018, launched a new generation of high-g acceleration sensors, SMA7xy sensor family, which are designed to enable faster signal processing, as compared to the sensors of the preceding generation (SMA6xy released in 2014). With higher bandwidth, these sensors detect impact and facilitate more rapid deployment of the vehicle's passive safety systems.
In the light of the road crash fatalities, governments across regions, like the United States and Europe, have mandated automobiles to have airbag functions even in non-luxury variants. These regulations, therefore, have fueled the demand for MEMS sensors for airbag deployments.
Asia-Pacific to Witness Highest Growth
Asia-Pacific is expected to exhibit the highest growth rate in the automotive MEMS sensors market, owing to the rapidly growing automotive industry in economies, such as China and Japan. In the automotive industry, tire pressure monitoring system (TPMS) is one of the applications of MEMS sensors. China's prominent role in implementing TPMS for its vehicles is expected to contribute to the markets growth positively over the forecast period. Additionally, the standardization of autonomous driving and advanced driver assistance systems (ADAS) is accelerating the growth.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Automotive MEMS Sensors market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Automotive MEMS Sensors market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Automotive MEMS Sensors market.
Market Segments: This part of the report discusses product type and application segments of the global Automotive MEMS Sensors market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approaches Automotive MEMS Sensors used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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