Global MEMS Automobile Sensors Market to Reach $2.9 Billion by 2026

SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "MEMS Automobile Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
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• Complimentary updates for one year

Edition: 6; Released: January 2022
Executive Pool: 1163
Companies: 41 - Players covered include Analog Devices, Inc.; Delphi Automotive PLC; Denso Corporation; Freescale Semiconductor, Inc.; General Electric Company; Infineon Technologies AG; Panasonic Corporation; Robert Bosch GmbH; Sensata Technologies, Inc.; STMicroelectronics NV and Others.
Coverage: All major geographies and key segments
Segments: Applications (Body & Convenience, Infotainment, Safety & Control, Powertrain); End-Use (Component Manufacturers, Semiconductor Manufacturers, OEM)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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Global MEMS Automobile Sensors Market to Reach $2.9 Billion by 2026
Amid the COVID-19 crisis, the global market for MEMS Automobile Sensors estimated at US$2.2 Billion, is projected to reach a revised size of US$2.9 Billion by 2026, growing at a CAGR of 4.6% over the analysis period. Body & Convenience, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$887 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Infotainment segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $677.5 Million in 2021, While China is Forecast to Reach $506.4 Million by 2026
The MEMS Automobile Sensors market in the U.S. is estimated at US$677.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$506.4 Million by the year 2026 trailing a CAGR of 4.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Safety & Control Segment to Reach US$772.2 Million by the year 2026
In the global Safety & Control segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$463.8 Million will reach a projected size of US$645.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.