Mems Automobile Sensors Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The MEMS automobile sensor market is expected to grow by registering a CAGR of about 14.61% over the forecast period. The increased demand for safety applications, the inclusion of new functionalities in automobiles, and the availability of robust, reliable, and cost-effective sensors are expected to drive the MEMS automobile sensor market in the forecast period.
Key HighlightsThe MEMS automobile sensors market is fragmented in nature and consists of many global and regional players, such as, STMicroelectronics NV, Panasonic Corporation, Robert Bosch GmbH, Analog Devices Inc., and Infineon Technologies AG. These players focus on expanding their customer base across the globe. They focus on the research and development investment in introducing new solutions, strategic alliances, and other organic and inorganic growth strategies to earn a competitive edge over the forecast period.
In October 2022, Zvision, a leading provider of automotive-grade MEMS LiDAR solutions in China, and NVIDIA signed a collaborative agreement whereby Zvision joined the NVIDIA Jetson ecosystem as one of the platform’s key LiDAR sensor partners. Through this agreement, Zvision plans to leverage NVIDIA’s full-fledged software toolchains and lead AI chip hardware to develop a range of solid-state LiDAR-based autonomous driving sensors and systems.
In April 2021, STMicroelectronics unveiled AIS2IH three-axis linear accelerometer, a next-generation MEMS accelerometer for high-performance automotive applications. These accelerometers bring enhanced resolution, mechanical robustness, and temperature stability to non-safety automotive applications, including telematics, anti-theft, infotainment, vehicle navigation, and tilt/inclination measurement.
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