Dublin, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The "Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The automotive micro electro mechanical systems (MEMS) sensor market size has grown rapidly in recent years. It will grow from $2.75 billion in 2023 to $3.11 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The automotive micro electro mechanical systems (MEMS) sensor market size is expected to see rapid growth in the next few years. It will grow to $5.14 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%.
The growth observed in the historic period can be credited to an increase in internet usage and data consumption, a growing emphasis on safety and security, the rise in sensors for used battery monitoring, an increasing focus on compliance, and the implementation of stricter automotive safety regulations. 
Anticipated growth in the forecast period can be attributed to more stringent government regulations concerning emission standards and safety, a rising demand for electric vehicles, increasing adoption of advanced driver assistance systems (ADAS), heightened efforts to enhance road safety, and growing consumer demand for vehicles. Key trends expected in the forecast period include the demand for new and advanced technologies, increasing adoption of ADAS features in vehicles, innovations in sensor technology, ongoing development of modern safety sensors to reduce accidents, and the introduction of new high-accuracy inertial measurement unit (IMU) sensors.
The automotive micro-electromechanical systems (MEMS) sensor market is anticipated to grow significantly due to increasing demand for electric vehicles. Electric vehicles (EVs), powered by electric motors and rechargeable batteries, are gaining popularity owing to consumer preference for environmentally friendly transportation, advancements in battery technology enhancing driving range, and government incentives promoting EV adoption.
MEMS sensors play a crucial role in electric cars, providing essential data that improves performance, safety, comfort, and efficiency. For example, in March 2023, the International Energy Agency reported a surge in electric car sales, exceeding 10 million units in 2022, with electric vehicles accounting for 14% of all new car sales, a notable increase from approximately 9% in 2021. This growing demand for electric vehicles is driving growth in the automotive MEMS sensor market.
Leading companies in the automotive MEMS sensor market are innovating MEMS accelerometers to enhance vehicle safety, ride comfort, and support advanced driver assistance systems (ADAS). MEMS accelerometers are critical components in various modern technologies, delivering precise acceleration measurements that enhance safety, performance, and functionality across industries.
For instance, in January 2024, Bosch, a German automotive company, introduced the BMA530 and BMA580, the world's smallest MEMS accelerometers designed for wearables and hearables. These sensors integrate advanced features such as step counting and voice activity detection, tailored to optimize product design and facilitate seamless integration into portable devices. Bosch's latest accelerometers offer significant size reductions compared to previous models, demonstrating their commitment to innovation in sensor technology.
North America was the largest region in the automotive micro electro mechanical systems (MEMS) sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive micro electro mechanical systems (MEMS) sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The countries covered in the automotive micro electro mechanical systems (MEMS) sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Major companies operating in the automotive micro electro mechanical systems (MEMS) sensor market are Continental AG, Honeywell International Inc., Texas Instruments, TE Connectivity Ltd., STMicroelectronics NV, Murata Manufacturing Co. Ltd., NXP Semiconductors, Omron Corporation, Keyence Corporation, Sensata Technologies Inc., Melexis, Knowles Corporation, InvenSense Inc., Micralyne Inc., Bosch Sensortec, Silicon Sensing Systems Ltd., Dytran Instruments Inc., Robert Bosch GmbH, Tronics Microsystems, Silicon Designs Inc., Infineon Technologies AG, Freescale Semiconductor Inc., Alps Electric Co. Ltd.
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Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $3.11 Billion |
| Forecasted Market Value (USD) by 2028 | $5.14 Billion |
| Compound Annual Growth Rate | 13.4% |
| Regions Covered | Global |
Scope
Automotive Micro Electro Mechanical Systems (MEMS) Sensor Markets Covered:
1) By Type: Tire Pressure Sensors; Engine Oil Sensors; Combustion Sensors; Fuel Injection And Fuel Pump Sensors; Air Bag Deployment Sensors; Gyroscopes; Fuel Rail Pressure Sensors; Accelerometer; Other Types
2) By Vehicle Type: Passenger Vehicle; Commercial Vehicle
3) By Sales Channel: Original Equipment Manufacturer; Aftermarket
4) By Application: Powertrain; Infotainment; Telematics; Chassis And Safety; Body Electronics; Other Applications
Automotive Micro Electro Mechanical Systems (MEMS) Sensor MarketLeading Companies
: Continental AG; Honeywell International Inc.; Texas Instruments; TE Connectivity Ltd.; STMicroelectronics NV
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Automotive Micro Electro Mechanical Systems (MEMS) Sensor Market Other Major and Innovative Companies
- Murata Manufacturing Co. Ltd.
- NXP Semiconductors
- Omron Corporation
- Keyence Corporation
- Sensata Technologies Inc.
- Melexis
- Knowles Corporation
- InvenSense Inc.
- Micralyne Inc.
- Bosch Sensortec
- Silicon Sensing Systems Ltd.
- Dytran Instruments Inc.
- Robert Bosch GmbH
- Tronics Microsystems
- Silicon Designs Inc.
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