According to the new market research report "Automotive MEMS Sensor Market by Type (Inertial Sensor, Microphone, & Pressure Sensor), Application (ADAS, ECU, ESC, HVAC, Safety & Security, In-Car Navigation, OIS Camera, Microphone in Cabin, & TPMS), & Geography - Analysis & Forecast (2014 - 2020)", published by MarketsandMarkets, the Automotive MEMS Sensor Market, in terms of value is expected to reach $3.60 Billion by 2020, at a CAGR of 4.7% between 2014 and 2020, which includes an in-depth analysis of the type, application, and geography.
Browse 68 market data Tables and 107 Figures spread through 180 Pages and in-depth TOC on "Automotive MEMS Sensor Market".
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Automotive MEMS sensors are being used for controlling various elements of the automobiles. MEMS-based sensors utilize very small mechanical and electrical components on a single chip. 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. Automotive MEMS sensors provide various advantages of high efficiency, small size, and low cost. Automobile MEMS sensors could be used in a number of applications such as tire pressure monitoring systems, oil pressure sensing, pedestrian protection, and in exhaust gas recirculation.
This report describes the market trends, drivers, and challenges with respect to the automotive MEMS sensor market and forecasts the market up to 2020. This global report gives a detailed view of the market across the four geographies, namely, the Americas, Europe, Asia-Pacific, and RoW. The Americas and Europe are the largest geography in terms of the market value. Asia-Pacific has been identified as the fastest-growing region, with India leading the way, while the RoW is also among the major regions that are helping in the growth of this market. The report profiles the 14 most promising players in the automotive MEMS sensor market.
The competitive landscape of the market presents a very interesting picture, wherein the market players from different blocks of the Automotive MEMS Sensor Market value chain has got together to become a force to reckon with. The market is witnessing a large scale collaboration and partnership across the value chain with a number of Tier 1 players around the globe.