Vancouver, BC -- (SBWIRE) -- 01/29/2021 -- An automotive MEMS sensor, also known as an automotive micro-electro-mechanical system sensor, is a chip-based technology that can be used to process and control the pressure of oil, coolant, emission, temperature, etc. The rising need for inter-vehicle communication and the growing need for safety and security for automotive applications are the major driving factors of the market demand. The global automotive MEMS sensor market is projected to reach USD 4.84 Billion by 2027 at a CAGR of 14.1%, according to a recent report published by Emergen Research.

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STMicroelectronics declared that it had reached a contract to acquire Exagan, the French innovator of gallium nitride. This deal would significantly improve its expertise, strategy, and business for high-frequency, high-power automotive, industrial, and consumer applications.

It is expected that the accelerometer segment will dominate the market with a CAGR of 14.6%. For non-critical vehicle applications such as navigation, telematics, security, and infotainment, accelerometers are ideal for enhanced energy-saving functionality.

Key participants include InvenSense, Inc., Analog Devices, Inc., Panasonic Corporation, Sensata Technologies, Inc., General Electric Company, Robert Bosch GmbH, Freescale Semiconductor, Inc., Murata Manufacturing Co., Ltd., STMicroelectronics N.V., and Hitachi, Ltd. among others.

Type Outlook (Revenue, USD Billion; 2017-2027)
Gyroscope
Pressure Sensor
Accelerometer
Others

Sales Channel Outlook (Revenue, USD Billion; 2017-2027)
OEMs
Aftermarket

Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Commercial
Passenger

Application Outlook (Revenue, USD Billion; 2017-2027)
Powertrain
Infotainment
Chassis & Safety
Body Electronics
Others

Market Drivers

The global market is projected to exhibit significant growth during the forecast period due to the increasing need for inter-vehicle communication and greater need for safety and security in the face of increased traffic accidents. Furthermore, the growing adoption of electric vehicles and the rising integration of ADAS (Advanced driver-assistance systems) will boost the global market growth during the forecast period.

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Regional Analysis

North America is forecast to dominate the global market during the forecast period due to the existence of major automobile factories in the region. The growing demand for passenger and commercial vehicles is a major driving factor for the regional market growth. Furthermore, the rising demand for self-driven vehicles will boost the market growth. Moreover, the growing importance and adoption of GPS in driving a car will be a major factor boosting market demand.

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Automotive MEMS Sensor Market Segmentation & Impact Analysis

    4.1. Automotive MEMS Sensor Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. The rising growing need of inter vehicle communication

                    4.2.2.2. Growing adoption of electrical vehicles

                    4.2.2.3. The rising integration of ADAS

                    4.2.2.4. The increasing need for safety and security for the automotive applications

          4.2.3. Market restraints analysis

                    4.2.3.1. Lack of a centralized manufacturing processes

                    4.2.3.2. Complexity of integration

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Automotive MEMS Sensor Market By Type Insights & Trends, Revenue (USD Billion)

    5.1. Type Dynamics & Market Share, 2019 & 2027

          5.1.1. Gyroscope

          5.1.2. Pressure Sensor

          5.1.3. Accelerometer

          5.1.4. Others

Chapter 6. Automotive MEMS Sensor Market By Sales Channel Insights & Trends Revenue (USD Billion)

    6.1. Sales Channel Dynamics & Market Share, 2019 & 2027

          6.1.1. OEM

          6.1.2. Aftermarket

Chapter 7. Automotive MEMS Sensor Market By Vehicle Type Insights & Trends Revenue (USD Billion)

    7.1. Vehicle Type Dynamics & Market Share, 2019 & 2027

          7.1.1. Commercial

          7.1.2. Passenger

Continue…!

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