The global Automotive MEMS Sensor Market is forecasted to be worth USD 4.84 Billion by 2027, according to a current analysis by Emergen Research. Due to the need for inter-vehicle connectivity, the automotive MEMS sensor market is expected to expand substantially. It is anticipated that the growing need for protection and protection for automotive applications will further drive market growth in the forecasted period. As the racing events are getting popular, the demand for advanced vehicles is growing; this is expected to fuel the demand for MEMS sensors in the near future.
However, The lack of standardization in production processes is expected to impede market growth during the forecast timeline.
The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Automotive MEMS Sensor market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.
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Market Scope:
One of the report’s central components is the broad Automotive MEMS Sensor market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Automotive MEMS Sensor market players.
Leading Players Profiled in the Report:
- 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.
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For more credibility, the intelligence report provides valuable data on key driving forces, prominent players, emerging trends, gross margin, customer preference and profit across various regions for the forecast period, 2021-2028. To help product owners design a robust plan the study takes a closer look at the product pricing, technology innovation, key competitors, product launches, product pipeline and major driving forces.
Key Highlights from the Report
- In March 2020, 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.
- Due to strict government regulations, significant passenger vehicle production rates, and growing demand for connectivity technologies, safety features, flow control systems, and telematics features in passenger vehicles, the passenger vehicle segment is the largest market over the forecast timeline.
- Due to the different applicability and features, the OEM segment is forecasted to hold the largest market during the forecast timeframe, with the OEMs steadily incorporating advanced MEMS sensors into all vehicles.
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Emergen Research has segmented the global Automotive MEMS Sensor Market on the basis of type, sales channel, vehicle type, application, and region:
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
Key questions addressed in the report:
- What are the key factors driving the global Automotive MEMS Sensor market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Automotive MEMS Sensor market?
- What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Automotive MEMS Sensor market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Automotive MEMS Sensor market size
2.2 Latest Automotive MEMS Sensor market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Automotive MEMS Sensor market key players
3.2 Global Automotive MEMS Sensor size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Automotive MEMS Sensor market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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