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Posted in | MEMS - NEMS

Global Market for Automotive MEMS Sensors Projected to Reach $4.7 Billion by 2020

Published on October 28, 2013 at 6:30 AM

Research and Markets has announced the addition of the "Global Automotive Sensors Market with Special Focus on MEMS Sensors" report to their offering.

Driven by government regulations of safety and emissions, introduction of high-end options in modern vehicles by major automobile manufacturers and consumer demand for safety, comfort, infotainment applications and fuel efficiency, automotive electronics content per vehicle is on the rise. As the electronics content is increasing in automobiles, the number of automotive sensors used in vehicles is also increasing.

The global market for automotive electronics, estimated at US$191.3 billion in 2013, is further projected to reach US$314.4 billion1 by 2020, thereby maintaining a CAGR of 7.3% between 2012 and 2020. Automotive Sensors market worldwide, standing at US$16.2 billion in 2012, estimated to be US$17.4 billion in 2013 and forecast at US$18.8 billion in 2014, is further projected to reach US$30.3 billion by 2020, thereby posting a CAGR Of 8.2% between 2012 and 2020. Estimated to be US$2.6 billion in 2013, demand for Automotive MEMS Sensors globally is projected to reach US$4.7 billion by 2020.

Automotive sensor product segments analyzed in this study include position sensors, pressure sensors, speed sensors, oxygen sensors, accelerometers, rollover sensors, yaw rate sensors, temperature sensors, mass airflow sensors and other automotive sensors. Automotive sensors market is also analyzed by automotive end-use application area including powertrain, chassis, safety & security, body, communication & navigation and other automotive applications. Further, this report also focuses on automotive MEMS sensors market analyzed by product segments including MEMS pressure sensors, MEMS accelerometers, MEMS gyroscopes, MEMS flow sensors and other MEMS sensors; and by end-use applications comprising powertrain, chassis, safety & security and other applications.

Source: http://www.researchandmarkets.com/

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