Micro-electro-mechanical System (MEMS) sensors are used in automobiles which comprises of both electronic and mechanical elements used for joining signal processing abilities on a single small chip. It consists of various components such as sensors, actuators, miniaturized structures, and microelectronics. Moreover, MEMS sensors are also known as micromachines since it utilizes technology which is being used for small devices. The incorporation of MEMS sensors could be used in many applications such as tire pressure monitoring systems, oil pressure sensing, pedestrian protection, exhaust gas recirculation, rollover detection, navigation system and others. Furthermore, the automotive MEMS sensor market provides various advantages of high efficiency, small size, and low cost. The influence of automotive MEMS sensors is expected to be on electronic component companies and automobile parts makers. In addition, the government of various nations has an intense interest in forming standards and regulations for automotive MEMS sensors which will strengthen the market.
COVID-19 Impact Analysis
- Due to COVID-19, the government in major countries have announced lockdown which caused numerous business shutdown. Moreover, due to lockdown, automobile production has also been halted. Thus, affecting the demand for automotive MEMS sensors. Furthermore, due to social distancing norms and other restrictions, the unavailability of labor required for hardware production further delayed the manufacturing process. In addition, the COVID-19 pandemic had a positive impact on the electric vehicles market, the sales of the vehicles have increased than the previous year. The automotive MEMS sensor market is an evolving sector that had a negative impact due to the pandemic. Therefore, post-pandemic the rise in the sale of electric vehicles is expected to drive the growth of the automotive MEMS sensor market.
Top Impacting Factors
A rise in demand for IoT technologies, safety & security in vehicles, and new & advanced technology are expected to speed up the growth of the market.
However, lack of standardized fabrication, complex manufacturing processes, and lack of skilled personnel can hamper the market.
Moreover, the popularity in demand for electric vehicles, the demand for gyroscopes, and R&D for emerging MEMS sensors act as an opportunity for market growth.
Market Trends
Demand for new & advanced technology
- The upsurge in disposable income of people and demand for luxury vehicles has driven the demand for vehicles with new & advanced technology. The automotive sector is an emerging market for high-end inertial measurement unit (IMU) sensors, along with advancements in applications such as stability control, ADAS units, and crash detection system. Moreover, as the premium automakers approach L5 autonomous driving the demand for IMU-powered MEMS sensors related to acceleration, LiDAR, and motion detection systems will increase. For instance, in May 2019 BMW chose InnovizTechnologies Ltd. solid-state LiDAR sensors, InnovizOne which is sourced and manufactured by Magna International for $170 million. Recently, Innoviz launched InnovizTwo at a lower price with enhanced safety and functionality for mass-market. All these new developments are expected to drive the growth of the automotive MEMS sensor market.
Demand for electric vehicles
- The rise in stringent government norms on vehicle emission has driven the demand for electric vehicles (EV). EVs are the highest users of sensors so, the emergence of EVs has impacted the demand and distribution of MEMS sensors. A rise in the sale of EVs will increase the demand for sensors used in battery monitoring, various positioning, and moving parts detection in automobiles. The use of sensors for advanced driving assist systems, infotainment, and autonomous driving can act as an opportunity for the development of the automotive MEMS sensor market.
Key Benefits of the Report
- This study presents the analytical depiction of the automotive MEMS sensor market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with the challenges of the automotive MEMS sensor market.
- The current market is quantitatively analyzed to highlight the automotive MEMS sensor market growth scenario.
- The report provides a detailed automotive MEMS sensor market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Report
- Which are the leading market players active in the automotive MEMS sensor market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the automotive MEMS sensor market?
- What are the projections for the future that would help in taking further strategic steps?
Automotive MEMS Sensor Market Report Highlights
| Aspects | Details |
 By Type |
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 By Vehicle Type |
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 By Sales Channel |
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 By Application |
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 By Region |
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 Key Market Players | General Electric Co, Panasonic Corporation, Sensata Technologies Inc, Robert Bosch GmbH, Denso Corporation,, Murata Manufacturing Co. Ltd, Infineon Technologies AG, Analog Devices Inc, STMicroelectronics N.V., Freescale Semiconductor Inc. |
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