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(Transportation-News.com, May 12, 2018 ) The global automotive MEMS sensors market is expected to register a high CAGR during the forecast period, 2018 to 2023.
Market Scenario
MEMS sensor market for automotive could be used in a number of applications such as tire pressure monitoring systems, oil pressure sensing, pedestrian protection, and in exhaust gas recirculation. The market serves a vast range of industry verticals ranging from very small consumer electronic devices to very large automotive manufacturers MEMS sensor market for automotive provide various advantages of high efficiency, small size, and low cost.
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Market Dynamics
The increasing demand for safety and security in the automobiles is the main factor which is playing a vital role for the growth of this market. According to the World Health Organization (U.S.), more than 1.25 million people are killed in road accidents every year and about 50 million people get injuries. The automotive MEMS sensors play an important role in providing safety to the vehicles, which would act as a catalyst for the growth of this market. The two big trends for vehicles currently are electrification and automation. There is rapid integration of high value sensing modules like RADAR, imaging and LIDAR in automotive systems. As a result, the average growth rate in MEMS sensors sales volumes is expected to be significant over the forecast period.
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The advent of electrical vehicles will greatly change the amount and the distribution of pressure and magnetic sensors within the car in the longer term. More electric cars will mean fewer pressure sensors and a surge in magnetic sensors for battery monitoring and various positioning and detection of moving pieces.
Key Developments in the Market
March 2017: Analog Devices completes acquisition of linear technology.
Major players: Major players: DENSO CORPORATION, HITACHI AUTOMOTIVE SYSTEMS, INFINEON TECHNOLOGIES, BOSCH, TEXAS INSTRUMENTS, SENSATA TECHNOLOGIES, DELPHI AUTOMOTIVE, ANALOG DEVICES, CONTINENTAL AUTOMOTIVE
Reasons to Purchase this Report
The report analyses how the shift towards electric vehicle will drive the global automotive MEMS sensors market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Study on the product type that is expected to dominate the market.
Study on the regions that are expected to witness fastest growth during the forecast period.
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Companies Mentioned:
Analog Devices, Inc. Delphi Automotive Plc ,Denso Corporation ,General Electric Co. ,Freescale Semiconductors Ltd. ,Infineon Technologies Ag ,Sensata Technologies, Inc.,Stmicroelectronics N.V.,Panasonic Corporation,Robert Bosch Gmbh
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