Jan 30 2015
TechNavio, a tech-focused research firm, has published a new report on the Global MEMS Market, which is expected to grow at a CAGR of 12.3 percent from 2014-2019.
According to the latest report by TechNavio, the increasing demand for MEMS pressure sensors in the automotive segment is expected to be the primary market growth driver in the Global MEMS Market. Government regulations related to automotive safety in countries like Europe, Japan, North America, China and South Korea will also add to overall market growth.
“The automotive segment is a significant contributor to the Global MEMS Market and spending in this area is expected to increase over the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
The report also emphasizes several segments like automotive, consumer electronics and healthcare that are constantly innovating to offer better services to customers.
“Growing awareness about health, fitness, and wellness has accelerated the demand for fitness-monitoring devices that employ motion sensors like MEMS accelerometers,” says Ghaus.
Motion sensor technology is even being used in remote controls, to enable gesture-based controls with touchscreen features, which reduces the button overload of traditional remote controls.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
Source: http://www.technavio.com/