MEMS, a pivotal technololgy predominantly used in the automotive industry, serves to enhance vehicle features. While the automotive MEMS technology has been widely adopted for vehicle control, safety, comfort, convenience, powertrain, and infotainment, vehicle safety is the key factor that majorly impacts the demand for MEMS in the automotive industry.
A few major brands in the automotive MEMS market witnessed a regulatory blow in 2014-15, resulting in passive market dynamics. However, the market has recovered rapidly and is currently growing at a significant pace, according to new research recently published by Future Market Insights.
The major applications of automotive MEMS include airbags, tire pressure monitoring, navigation, and electronic stability. However, according to FMI’s market research, the industry is currently witnessing a growing number of applications, which is expected to continue with the advent of technology and increasing research prospects. The market is thus foreseen to grow at an impressive pace over the forecast period 2016-2026.
Key players in the global automotive MEMS market
According to FMI’s findings, the prominent players in the global automotive MEMS market include Robert Bosch GmbH, General Motors Company, Analog Devices Inc., STMicroelectronics N.V., Sensata Technologies Inc., Panasonic Corporation, Infineon Technologies AG, Delphi Automotive PLC, and Freescale Semiconductors Ltd. (perviously NXP), Denso Corporation, and Murata Manufacturing Co. Ltd.
With the aim of expanding the customer base, few of the prominent players in the automotive MEMS market are setting up their production plants in the foreign market thereby further boosting the market revenues. For instance, on February 20, 2015, Denso Corporation, one of the prominent players in automotive MEMS market confirmed the plans of constructing another plant in Cambodia that would cater to the automotive industries in the region.
Strict government regulations
Various governments are implementing stringent regulations setting the standards for vehicles’ fuel efficiency and emission standards. As a result, major players in the market are increasingly striving to meet the standards through adoption of MEMS, thereby escalating the demand for automotive MEMS in the market. China and India in particular are expected to grow into attractive markets during the forecast period.
Regions with adverse climatic conditions
Studies depict that harsh climatic conditions such as heavy snowfall or rainfall may negatively influence the functioning of MEMS systems in vehicles. Moreover, it is not feasible to replace the entire MEMS system, if it faces a minor fault. This is expected to be a major challcenge that might reflect a shift in consumer behaviour.
Future Market Insight’s research on the global automotive MEMS market offers a 10-year forecast, segmenting the market according to type, applications, and regions.
On the basis of type, the automotive MEMS Market is further segmented into pressure sensor, accelerometer, gyroscope, flow sensor and others.
As per the regional analysis, the global automotive MEMS market is segmented into seven key regions, including North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa.