The automotive MEMS sensors can be used in several applications, such as tire pressure monitoring systems, oil pressure sensing, pedestrian protection, and an exhaust gas recirculation. The market serves a wide variety of industry verticals, ranging from very small consumer electronic devices to large automotive manufacturers. Automotive MEMS sensors provide various advantages of high efficiency, small size, and low cost.
- MEMS sensors in the automotive industry could be used in various applications, such as tire pressure monitoring systems (TPMS), oil pressure sensing, pedestrian protection, and exhaust gas recirculation, among others. The market serves a wide variety of industry verticals, ranging from electronic devices to huge automotive manufacturers. The MEMS sensor market for automotive provides various advantages of high efficiency, small size, and low-cost. The growing demand for safety and security in automobiles is one of the main factors that has played a vital role in the growth of the market studied.
- Currently, the two significant trends for the automotive industry have been electrification and automation. There has been a rapid integration of high-value sensing modules, like RADAR, LIDAR, and imaging in automotive systems. As a result, the growth in the MEMS sensor's sales volume is expected to be significant during the forecast period.
- Moreover, the automotive sector is an emerging market for high-end IMUs, following advancements in applications, such as stability control, ADAS units, and crash detection systems. As the premium automakers would approach L5 autonomous driving in the next few years, the market studied would open a massive opportunity for IMU-powered MEMS sensors related to acceleration, LiDAR, and motion detection systems. For instance, In May 2019, Innoviz Technologies Ltd, a developer of solid-state LiDAR sensors, raised around USD 170 million to back BMW's LiDAR-equipped cars, which have been going to be rolled out in 2021
- Further, the emergence of electric vehicles (EV) in the industry has dramatically impacted the demand and distribution of pressure, and magnetic sensors within, and is expected to further increase the demand in the long-term. Increasing sales of electric cars, thereby increase the demand for sensors and a surge in sensors for used battery monitoring and various positioning and detection of moving parts of the automobiles. As the use cases of sensors continue to increase in automobile applications to support passive and active safety, ADAS, infotainment, and autonomous driving systems, the need for interface specifications is apparent. It is expected to be critical for future demand.
- However, automakers in the United States have faced increased pressure to shut down their factories owing to the COVID-19 pandemic. After the federal, state, and local governments started recommending people stay in their homes as much as possible. This has caused supply chain disruptions across various industries. For instance, Ford and General Motors have suspended the production at their respective manufacturing facilities in North America amid the coronavirus outbreak. Hence, such trends are expected to affect the market's growth in the short run.
Scope of the Report
Microelectromechanical systems (MEMS) technology is used in a wide variety of modern era automotive sensors. The small size of MEMS sensors provides a quicker response to rapid change in the measured parameter, and because of the extremely low-cost, the use has been extensive. One of the most well-known MEMS devices for automotive applications are inertial sensors and pressure sensors.
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