Automotive Micro-electromechanical System (MEMS) Sensors Market (Business Opportunities - Marketing & Sales)

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Item ID 13289545 in Category: Business Opportunities - Marketing & Sales

Automotive Micro-electromechanical System (MEMS) Sensors Market

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.

Asia-Pacific is expected to grow with a fastest CAGR during 2018-2024. The growth is attributed to the increasing number of vehicle production, government norms pertaining vehicle safety, growing demand for pressure sensors, and presence of major semiconductor manufacturing industries. Moreover, rapid evolution of electric vehicle in China further boosts the demand for automotive MEMS sensor in Asia-Pacific region. North America is expected to dominate the global automotive MEMS sensor market during the forecast period.

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Target State: New York
Target City : All Cities
Last Update : Sep 14, 2018
Number of Views: 31
Item  Owner  : Energias Market Research
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Contact Phone: +1-716-239-4915

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2019-01-18 (0.082 sec)