By 2030 automotive MEMS Sensor market is expected to cross over USD 5 billion growing at a CAGR of 14.5% during the forecast period of 2023 to 2030. The demand for automotive MEMS sensors has gone up because of the growing need for safety and security in cars. MEMS sensors are sometimes called "micromachines" because they use the same technology as very small devices. In the car business, MEMS sensors have a lot of benefits. Vehicle safety has become a major issue all over the world. MEMS sensors could be used in a lot of different ways, like in navigation systems, rollover detectors, and crash detectors. Automotive MEMS sensors are likely to have an effect on the people who make electronic parts, the people who make car parts, and the people who buy cars. The standards and rules for the automotive MEMS sensor market are important to the governments of many different countries.

Market Trends in Automotive Industry Influencing the Growth of MEMS Sensor

Currently, electrification and automation are the two most important trends in the automotive industry. High-value sensing modules like RADAR, LIDAR, and imaging have been added quickly to automotive systems. Because of this, the sales volume of MEMS sensors is expected to grow strongly over the next few years. Also, as applications such as stability control, ADAS units, and crash detection systems get better, the automotive industry is becoming a growing market for high-end IMUs. As luxury automakers move toward L5 autonomous driving in the next few years, the market would open up a huge opportunity for IMU-powered MEMS sensors related to acceleration, LiDAR, and motion detection systems.

Also, the rise of electric vehicles (EVs) in the industry has had a big effect on the demand and distribution of pressure and magnetic sensors, and this is likely to continue in the long run. With more people buying electric cars, there is a rise in the demand for sensors and a rise in the number of sensors that monitor used batteries and position and detect moving parts of cars. As the number of ways sensors are used in cars to support passive and active safety, ADAS, infotainment, and self-driving systems grow, it is clear that interface specifications are needed. It will be important for meeting future needs.

Gyroscope to Witness Fastest Growth

Because of rising concerns about safety, comfort, performance, and stability, OEMs have been trying to add more advanced features to cars. This change has made it easier for electronics to grow and made mechanical parts less useful in the automotive industry. The gyroscope is more stable over time and temperature, which helps it keep the high level of accuracy that is needed for the advanced navigation systems that are built into it and the reliability of motion-controlled functions. A gyroscope in an automobile can measure or keep track of the vehicle's orientation and angular velocity. In the automotive industry, the MEMS-based gyroscope in the ESP (Electronic Stability Control Program) is a well-known and powerful safety system. The sensors that measure how fast the car is turning help the ESP system keep the car stable. It measures how fast the vehicle is moving around its axis and sends that information to the systems that help the driver keep the vehicle on track. Therefore, the gyroscope is expected to witness the fastest growth registering the highest CAGR during the forecast period.

Accelerometer Contributing Over 38% of Market Revenues

In 2021, the accelerometer segment of the automotive MEMS sensor market contributed to over 38% of market revenues, therefore dominating the market. Accelerometers are the best choice for non-critical automotive applications like navigation, telematics, safety, and infotainment because they use less power and can work in a wider range of temperatures. Also, accelerometers have a larger temperature range and are perfect for use with airbags in the safety systems of cars. During the forecast period, the market for pressure sensors is expected to grow at a strong rate. This is because of new features and benefits, such as being able to tell when hydraulic brakes are failing early, optimizing the air pressure-fuel mix, removing exhaust contaminants automatically, tracking exhaust recirculation, keeping doors from catching fingers, and activating airbags more quickly.

OEM Dominated the Market by Sales Challenge in 2021

Due to its many uses and features, the OEM segment is expected to have the largest market during the forecast period. OEMs are slowly putting advanced MEMS sensors into all vehicles. Also, the OEMs add sensors only after careful testing, which can make the vehicle work better. The aftermarket segment is expected to grow steadily because customers can get cheaper equipment and make changes more easily there.

Passenger Segment Led the Vehicle Type Segment in 2021

In 2021, the Automotive MEMS Sensor Market is expected to be led by the Passenger segment, which will have a share of 58% of the market. Due to strict government policies, a large number of passenger vehicles being made, and an increasing demand for communication solutions, safety systems, flow control systems, and infotainment features in passenger vehicles, the passenger vehicle segment is expected to be the largest market over the next few years. The commercial segment is expected to grow steadily over the next few years because it lets vehicles have features like lane departure and speed and pressure detection, which make them safer and more advanced.

North America Holds a Dominant Share

The United States is one of the key geographies for automotive. The economic growth of the area had an effect on the number of cars and trucks that were sold. According to the American Automotive Policy Council, exports from the automotive sector were worth USD 692 billion over the past five years, and the automotive sector alone makes up 3% of the region's GDP, which helps the market studied grow. Electric vehicle use in the US has grown quickly, and it's estimated that electric vehicles make up about 1% of all car sales in the US. North America therefore, contributed about 38% of the global revenue share. APAC is expected to register the fastest growth during the forecast period of 2023 to 2030.

Market Dominated by Tier 1 Market Players

The market for automotive MEMS sensors is very competitive and has a number of big players. The market is clearly dominated by big players. These companies are collaborating on strategic projects to enhance their market presence. Major companies in this market include InvenSense, Inc. (U.S.), Analog Devices, Inc. (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Denso, Panasonic Corporation (Japan), Infineon Technologies AG (Germany), Sensata Technologies, Inc. (U.S.), Hitachi, Ltd. (Japan), Freescale Semiconductor, Inc. (U.S.), Harman International (U.S.), Murata (U.K.) and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive MEMS Sensor market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Automotive MEMS Sensor market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Automotive MEMS Sensor market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Automotive MEMS Sensor market?
• Which is the largest regional market for Automotive MEMS Sensor market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Automotive MEMS Sensor market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive MEMS Sensor market worldwide?