USD 1.27 Billion
Global Automotive Accelerometers Market Size, Share, Growth Analysis, By Type(MEMS accelerometers, and piezoelectric accelerometers), By Application(airbag control, electronic stability control) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2084 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
63 |
Figures:
75
Global Automotive Accelerometers Market Insights
Global Automotive Accelerometers Market size was valued at USD 1.27 Billion in 2022 and is poised to grow from USD 1.34 Billion in 2023 to USD 2.09 Billion by 2031, at a CAGR of 5.7% during the forecast period (2024-2031).
The global automotive accelerometers market is a rapidly growing market that is driven by the increasing demand for advanced safety features in automobiles. An accelerometer is a sensor that measures the acceleration of a moving object. In the automotive industry, accelerometers are used to measure the acceleration of a vehicle, which is used for various purposes such as vehicle stability control, airbag deployment, and engine management. The global automotive accelerometers market is expected to grow significantly in the coming years due to the increasing demand for advanced safety features in vehicles. The global automotive accelerometers market is to provide advanced safety features in automobiles. Accelerometers play a crucial role in providing these safety features by measuring the acceleration of a vehicle and transmitting this data to the vehicle's control systems.
This data is then used to activate various safety features such as airbag deployment, stability control, and engine management. The primary driving factors of the global automotive accelerometers market are the increasing demand for advanced safety features in automobiles and the increasing production of vehicles. The growing concern for passenger safety and the need to comply with various safety regulations have also led to the increased adoption of accelerometers in the automotive industry. The main restraining factors for the global automotive accelerometers market is the high cost associated with the technology. The high cost of accelerometers has made it difficult for small and medium-sized automobile manufacturers to adopt the technology. Additionally, the lack of standardization in the automotive industry is also a significant challenge, as it makes it difficult for manufacturers to develop accelerometers that are compatible with various vehicles. The biggest challenges facing the global automotive accelerometers market is the increasing competition from alternative technologies such as LiDAR and radar sensors. These technologies offer similar features as accelerometers and are gaining popularity due to their lower cost and higher accuracy. Another significant challenge is the lack of skilled professionals who can design, develop and integrate accelerometers into vehicles. the challenges, there are several opportunities for growth in the global automotive accelerometers market. The increasing demand for electric vehicles and autonomous vehicles is expected to drive the demand for accelerometers in the coming years.
US Automotive Accelerometers Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
MEMS accelerometers
Fastest Growth
MEMS accelerometers
Growth Rate
5.7% CAGR
Global Automotive Accelerometers Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global Automotive Accelerometers Market Size By Type 2022-2030 ($ Bn)
Global Automotive Accelerometers Market Size By Type 2022-2030 (%)
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Global Automotive Accelerometers Market Segmental Analysis
The global automotive accelerometers market is segmented on the basis of type, application, vehicle type and region. By type, the market is segmented into MEMS accelerometers, and piezoelectric accelerometers. In terms of application, the market is segmented into airbag control, electronic stability control, engine control, and others. In terms of vehicle type, the market is segmented into passenger cars, commercial vehicles and specialized vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
MEMS (micro-electro-mechanical systems) accelerometers are small, low-cost, and highly accurate sensors that can measure linear acceleration, tilt, and vibration. MEMS accelerometers are widely used in automotive applications due to their small size, high accuracy, and low power consumption. They are commonly used in airbag control systems, electronic stability control systems, and engine control systems, as well as other applications such as suspension control, tire pressure monitoring systems, and rollover detection systems. MEMS accelerometers are ideal for use in these applications due to their ability to measure a wide range of accelerations and their ability to be integrated into automotive systems.
Piezoelectric accelerometers are sensors that convert mechanical vibrations into electrical signals. They are commonly used in automotive applications to measure engine vibration, as well as in other applications such as structural testing and vibration analysis. Piezoelectric accelerometers are typically more expensive and less accurate than MEMS accelerometers, but they can measure higher frequencies and operate in high-temperature environments.
Analysis by Vehicle Type
The passenger car segment is expected to dominate the market due to the surge in the number of users of passenger vehicles. The passenger care consists of a substantial share of the automotive sector, with high sales volume and production. The stringent safety regulation is mandatory for collision detection and airbag deployment. The increasing adoption of advanced driver assistance systems mostly in passenger cars. In addition, the consumer demand also enhanced the safety and comfort features for reinforcement. Furthermore the development in the investments and extensive research within the passenger car sector surge the growth of the market.
The fastest-growing region in the global automotive accelerometers market is expected to be the specialized vehicle. The growth in this region can be attributed to the increasing demand for electric vehicles and rise in initiative taken by the government for innovative vehicles. The demand for electric vehicles is expected to increase in the coming years as key players in the region implement the advanced safety features in the vehicles.
Analysis by Application
The airbag control segment is expected to dominate the market due to the increasing demand for advanced safety features in automobiles. Airbag control systems use accelerometers to measure the rate of deceleration during a collision and deploy the airbags accordingly to protect passengers. MEMS accelerometers are the most commonly used type in airbag control systems due to their small size and high accuracy. Electronic Stability Control (ESC) systems use accelerometers to measure the vehicle's lateral and longitudinal acceleration, as well as its yaw rate, to detect if the vehicle is skidding or slipping. ESC systems can then apply the brakes or adjust engine power to help the driver regain control of the vehicle. MEMS accelerometers are commonly used in ESC systems due to their high accuracy and low power consumption. Accelerometers are used in engine control systems to measure the vibration of the engine and detect faults such as misfires, which can affect engine performance and emissions. Piezoelectric accelerometers are commonly used in engine control systems due to their ability to measure higher frequencies. Accelerometers are also used in other automotive applications such as suspension control, tire pressure monitoring systems, and rollover detection systems. MEMS accelerometers are commonly used in these applications due to their small size and high accuracy.
Global Automotive Accelerometers Market Size By Type 2022(%), 2023 (%)
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Global Automotive Accelerometers Market Regional Insights
Asia Pacific dominates the global automotive accelerometers market due to the growing automotive industry in countries such as China, Japan, and South Korea. These countries are home to some of the world's largest automotive manufacturers and have a significant demand for automotive accelerometers to ensure passenger safety. Additionally, the increasing demand for advanced driver assistance systems and the growing focus on vehicle safety regulations are also driving the growth of the market in this region.
The fastest-growing region in the global automotive accelerometers market is expected to be the Middle East & Africa. The growth in this region can be attributed to the increasing demand for luxury vehicles and the growing focus on improving vehicle safety. The demand for automotive accelerometers is expected to increase in the coming years as manufacturers in the region look to implement advanced safety features in their vehicles.
Global Automotive Accelerometers Market Size By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Automotive Accelerometers Market Dynamics
Automotive Accelerometers Market Drivers
Increasing Demand for Advanced Driver Assistance Systems
- The demand for advanced driver assistance systems (ADAS) is increasing due to the growing focus on vehicle safety. ADAS systems use accelerometers to monitor the movement of the vehicle and provide feedback to the driver. As a result, the increasing demand for ADAS is driving the growth of the global automotive accelerometers market.
Growing Focus on Vehicle Safety
- the increasing number of accidents on the road, vehicle safety has become a top priority for governments and consumers alike. Automotive accelerometers play a critical role in ensuring vehicle safety by providing real-time data on the movement of the vehicle. As a result, the growing focus on vehicle safety is driving the growth of the global automotive accelerometers market.
Automotive Accelerometers Market Restraints
High Cost of Automotive Accelerometers
- Automotive accelerometers are complex sensors that require advanced technology to manufacture. As a result, they can be expensive, making it difficult for some manufacturers to integrate these sensors into their vehicles. The high cost of automotive accelerometers is one of the primary challenges faced by the global automotive accelerometers market.
Complexity of Integration
- Integrating automotive accelerometers into vehicles can be a complex process that requires advanced technology and engineering expertise. This complexity can make it challenging for some manufacturers to implement these sensors in their vehicles, which is a significant challenge faced by the market.
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Global Automotive Accelerometers Market Competitive Landscape
The global automotive accelerometers market is highly competitive, with several established players and new entrants vying for market share. companies are investing heavily in research and development to develop new and innovative automotive accelerometers that can meet the evolving needs of the market. They are also focusing on strategic partnerships and collaborations to expand their customer base and increase their market share. The global automotive accelerometers market is highly competitive, with a large number of players competing for market share. However, with the increasing demand for advanced driver assistance systems and vehicle safety, there is ample opportunity for new entrants to enter the market and establish a foothold. As a result, the market is expected to remain highly competitive in the coming years.
Automotive Accelerometers Market Top Player’s Company Profiles
- Robert Bosch GmbH (Germany)
- Analog Devices, Inc. (US)
- STMicroelectronics N.V. (Switzerland)
- Murata Manufacturing Co., Ltd. (Japan)
- Infineon Technologies AG (Germany)
- TE Connectivity Ltd. (Switzerland)
- Kionix, Inc. (US)
- NXP Semiconductors N.V. (Netherlands)
- Aptiv PLC (Ireland)
- Sensata Technologies Holding N.V. (Netherlands)
- Texas Instruments Incorporated (US)
- Panasonic Corporation (Japan)
- CTS Corporation (US)
- TDK Corporation (Japan)
- Maxim Integrated Products, Inc. (US)
- Rohm Co., Ltd. (Japan)
- Kistler Holding AG (Switzerland)
- DENSO Corporation (Japan)
- Continental AG (Germany)
Automotive Accelerometers Market Recent Developments
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In December 2021, STMicroelectronics N.V., a semiconductor manufacturing corporation, announced the launch of a new high-precision automotive accelerometer. It is designed for use in advanced driver assistance systems, including adaptive cruise control and lane departure warning.
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In October 2021, Infineon Technologies AG, a semiconductor manufacturing company, announced the acquisition with Marvell Technology Group's automotive Ethernet business. The acquisition aims to expand the offerings in the automotive market and innovate new solutions for advanced driver assistance systems.
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In September 2021, Murata Manufacturing Co., Ltd., an electronic component manufacturing company, announced the launch of a novel MEMS accelerometer. It is designed for use in automotive safety systems, including anti-lock braking systems and airbag control.
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In August 2021, Analog Devices, Inc., a semiconductor manufacturing company, announced a new product of automotive accelerometers. It offers high stability and sensitivity, with low noise and less consumption of power.
Global Automotive Accelerometers Key Market Trends
- Growing demand for electric and hybrid vehicles: The increasing adoption of electric and hybrid vehicles is driving the growth of the global automotive accelerometers market. These vehicles require advanced sensors to monitor their movement and provide feedback to the driver. As a result, the growing demand for electric and hybrid vehicles is driving the demand for automotive accelerometers.
- Increasing use of MEMS accelerometers: MEMS accelerometers are smaller, more accurate, and less expensive than piezoelectric accelerometers. As a result, they are becoming increasingly popular in the automotive industry. MEMS accelerometers are being used in a range of applications, including airbag control, electronic stability control, and engine control.
Global Automotive Accelerometers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive accelerometers market analyses, the increasing demand for advanced driver assistance systems (ADAS) and the growing focus on vehicle safety are the key factors promoting growth. The key drivers of the market is the increasing demand for ADAS. These systems use accelerometers and other sensors to detect changes in the vehicle's motion and adjust the vehicle's performance accordingly. They can help prevent accidents by alerting the driver to potential hazards and taking corrective action if necessary. As a result, there is growing demand for automotive accelerometers that can provide accurate and reliable data to these systems. The global automotive accelerometers market is expected to continue growing in the coming years, driven by the increasing demand for advanced driver assistance systems and the growing focus on vehicle safety. However, the market will also face challenges and increasing competition, which will require companies to continue investing in research and development and product differentiation in order to remain competitive.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.27 Billion |
| Market size value in 2031 | USD 2.09 Billion |
| Growth Rate | 5.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Accelerometers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Accelerometers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Accelerometers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Accelerometers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Accelerometers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Accelerometers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Accelerometers Market Report Snapshots
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