MEMS Automobile Sensor Market to Witness Massive Growth by 2026

Microelectromechanical system (MEMS) consist of manufacturing of micrometer scale devices that actively used to support electrical and mechanical systems in various end-use applications. They have been used in application ranging from display technologies to sensor system and even in optical networks. As compared to ordinary systems, MEMS are beneficial in various application largely due to their small size and light weight that allows the whole system to be miniaturized. MEMS technology consume less power and are cost effective in nature. Moreover, they are highly resistant to external shock, vibration, and radiation. Due to these advantages, the technology is applicable for various devices in end-use sectors such as biotechnology, consumer devices, defense, and semiconductor and automobile. Two major categories of MEMs technology devices include microsensor and microactuators. Microsensors such as accelerometer and gyroscope are used to detect information form the surrounding. Microactuators such as microvalves and micropumps are used to perform certain action based on the information received.

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MEMS sensors in automotive domain are being increasingly used in airbag system, inertial brake lights, headlight leveling and automatic door locks. MEMS sensors are also applicable in car navigation, electronic stability control, monitoring tire pressure and optical image stabilization. With the growing adoption of autonomous vehicle MEMS sensors are widely used in pre-crash system through using wheel sensor to efficiently measure vehicle speed, radar and laser sensor to measure and monitor the distance to vehicles and other object in front or by side of the car. Some of the significant technology trend with MEMS include move towards smaller sensor, extended range of sensing and improved sensing accuracy.

The market is driven by the implementation of vehicle electronic system in cars. Moreover, the market has gained further traction due to the advancement in the technology particularly that of sensors and microcontroller, Worldwide stringent policies and regulation by policymakers on efficient, safety and driver assistance of automobiles is also expected to drive the market. The MEMS sensors market is expected to witness growth opportunities largely arising from research and development in MEMS sensors. Additionally  new application areas of MEMS sensors such as rollover detection, active suspension and increasing development of technically advance automobile (hybrid and electric vehicle) widens the scope of the market. However, lack of standardized fabrication process might restrict the growth of the market.

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The market can be segmented on the basis of types of MEMS sensors that might include MEMS microphones, MEMS pressure sensor and inertial MEMS sensor. The inertial MEMS sensor might be subdivided into accelerometers and gyroscopes sensors. Inertial MEMS sensors has been developed for electronic stability control system for automobile. The accelerometer measure the vibration, acceleration, shocks, and motion while gyroscopes sense the server operating condition. The pressure sensor are largely used to monitor tire pressure, airbag pressure and engine pressure. MEMS microphone are used for automotive voice assisted service MEMS microphone sensors provide high sound quality and are affordable thereby used in large number of vehicles.   On the basis of application, the market can be segmented into safety and non-safety application.

Some of the major players in the market include Robert Bosch, Infineon Technologies AG, Panasonic Corporation, Delphi Automotive PLC, STMicroelectronics N.V., Sensata Technologies Inc., Freescale Semiconductor Ltd., General Electric Co., Denso Corporation, Analog Devices International, Inc and Hitachi Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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