USD 1.27 Billion
Report ID:
SQMIG25A2084 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
63
|Figures:
75
Automotive Accelerometers Market size was valued at USD 1.34 Billion in 2023 and is poised to grow from USD 1.42 Billion in 2024 to USD 2.21 Billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
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.
Global Market Size
USD 1.27 Billion
Largest Segment
MEMS accelerometers
Fastest Growth
MEMS accelerometers
Growth Rate
5.7% CAGR
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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.
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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.
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Automotive Accelerometers Market Drivers
Increasing Demand for Advanced Driver Assistance Systems
Growing Focus on Vehicle Safety
Automotive Accelerometers Market Restraints
High Cost of Automotive Accelerometers
Complexity of Integration
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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
Automotive Accelerometers Market Recent Developments
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.
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.
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.
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.
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 |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Accelerometers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG25A2084
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