Automotive MEMS Sensors Market Size

Automotive MEMS Sensors Market Analysis

The Automotive MEMS Sensors market is expected to grow at a CAGR of 7.2% over the forecast period. Technology that is environmentally friendly and energy-efficient is a critical factor in the growth of the Automotive MEMS Sensors market. Government regulations on safety, efficiency, and driver assistance, along with sensors, will promote market growth. Most countries, including Japan and Europe, refer to this as micromachines and microsystems technology. MEMS sensors are also known as micromachines because they make use of the same technology as tiny devices.

• MEMS sensors contribute to numerous advancements in the automotive sector. The world over, vehicle safety has grown to be a serious problem. In addition to in-vehicle navigation systems, rollover detection, and crash detection, MEMS sensors could be incorporated into several other applications. Automotive MEMS sensors are anticipated to have an impact on manufacturers of electronic components, producers of auto parts, and end users. The development of standards and laws for the market for automotive MEMS sensors is of great interest to the governments of various countries.
• The MEMS sensor market for automotive provides various advantages of high efficiency, small size, and low cost. The growing demand for safety and security in automobiles is one of the main factors that has played a vital role in the growth of the market studied. MEMS sensors are also known as micromachines because they make use of the same technology as tiny devices.
• The demand for automotive MEMS sensors has increased due to the growing need for safety and security in automotive applications. The market for automotive MEMS sensors is expanding as a result of rising IoT technology demand and the widespread adoption of connected devices. As a result of MEMS accelerometers' low cost and rigorous self-testing capabilities, g-switches are no longer used in the production of automobiles for airbag control. The drivers influencing the growth of this market are the rise in smart connected device adoption, including connected cars.
• Currently, the two significant trends in the automotive industry are electrification and automation. There has been a rapid integration of high-value sensing modules, like RADAR, LIDAR, and imaging, in automotive systems. As a result, the MEMS sensor's sales volume growth is expected to be significant during the forecast period. The market investigated would create a substantial opportunity for IMU-powered MEMS sensors related to acceleration, LiDAR, and motion detection systems as the premium automakers would approach L5 autonomous driving in the following few years.
• Additionally, the industry's transition to electric vehicles (EVs) has significantly impacted the distribution and demand for pressure and magnetic sensors. It is anticipated that this trend will continue in the long run. As the number of electric vehicle sales rises, the demand for sensors also escalates. There is an increase in sensors for used battery monitoring and various positioning and detection of moving automotive parts.
• However, the COVID-19 pandemic has increased pressure on automakers across the globe to close down their factories after the federal, state, and local governments began advising citizens to spend as much time as possible at home. Various industries have experienced supply chain disruptions as a result of this. For instance, Ford and General Motors halted production at their respective North American manufacturing facilities due to the coronavirus outbreak.
• An automotive MEMS sensor system is typically made up of mechanical and electronic components that work in tandem. Perfect integration of these components is a significant challenge, which can create a challenge for the growth of the automotive MEMS sensor market.