Automotive Micro-electromechanical System (MEMS) Sensors Market
The global automotive micro-electromechanical system (MEMS) sensors market is increasing significantly and expected to reach USD 4.8 billion by 2024 at a CAGR of 10.3% during the forecast period. Factors driving the growth of the market are rising concerns for the safety or security of the automobile applications, upsurge in urbanization, increasing demand for autonomous and connected vehicles, and rising capital investments in R&D activities. Additionally, the government norms towards safety and security of passengers are also fueling the demand of MEMS sensor in automotive industry.
The MEMS technology is an advance version of IC fabrication technology. It offers high production volume of small size devices with a lower manufacturing cost. The advent of micro-machining technologies results in increasing demand for connected cars, and rising concerns for safety and security of the vehicle. Moreover, the passenger cars in Asia-Pacific is growing at the fastest pace, and due to this high demand, comfort and convenience is becoming the key factor which is driving the automotive MEMS sensor market. MEMS sensors in automotive have a wide range of applications, such as tire pressure monitoring systems, inertial sensors, and others.
MEMS sensors are gaining a high popularity owing to the emergence of vehicle dynamic control. These sensors helps in perceiving external information in real time, and actuator which is fused in vehicle dynamic control system takes appropriate action based on computed results. The demand for infotainment and safety applications in passenger cars is bringing a rapid advancement in the automotive industry, as they possesses higher accuracy and self-test capabilities.
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|Target Nation: England|
Target City : New York
Last Update : 17 September 2018
Number of Views: 38
|Item Owner : Energias Market Research|
Contact Phone: 17162394915
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