Sep 21 2015
The global automotive MEMS sensor market was valued at $2,600.5 million in 2014, and it is expected to grow at a CAGR of 6.0%, during the period 2015 - 2020.
The government regulation towards passenger safety and environment has become more stringent in recent years, and therefore automotive manufacturers are forced to implement latest and advanced sensor based automotive safety features, such as Electronic stability control (ESC), Tire Pressure Monitoring Systems (TPMS), Advanced Driver Assistance Systems, (ADAS), Anti-lock braking system (ABS), and others. The development in the field of vehicle to infrastructure (V2I) and vehicle to vehicle communication (V2C) is providing new market opportunity for the low cost wireless MEMS sensors used in the communication and information technology. The limited foundry outsourcing of the MEMS sensor is one major road block for the low cost design, precise size, and mass production of the automotive MEMS sensor.
Explore Report Description with Detailed ToC on "Global Automotive MEMS Sensor Market Size, Share, Development, Growth and Demand Forecast to 2020" at: https://www.psmarketresearch.com/market-analysis/automotive-mems-sensor-market
The automobile companies are investing heavily for the development of MEMS based energy harvester in automobiles, especially through the tire pressure monitoring systems (TPMS). Most of the TPMS systems available in the market are powered by battery with short life and hence, the energy harvesting can increase the product life cycle of the TPMS. The advancement in the IC fabrication technology has facilitated cost effective fabrication process of automotive MEMS. The modern IC fabrication technology provides monolithic integration of micro electro-mechanical structure, with signal processing, controlling and driving electronics.
The European Union mandates the electronic stability control (ESC) systems. According to the regulation, all new vehicles from November 2014 and onwards have to be operational with ESC active safety. Since 2009, the tire pressure monitoring system (TPMS) was mandated in Europe, while in U.S. it was mandated from 2000. The effective legislation in these countries insures the TPMS in all type of vehicles. On an average, 150 sensors are integrated within the luxury passenger cars in developed countries. The latest technology, such as connected car and data centric traffic management approach, and growing demand of hybrid car in the developed market is expected to drive the automotive MEMS sensor market during next few years.
Request Report Sample at: https://www.psmarketresearch.com/enquiry-form.php?enqid=455&title=Report%20sample
Based on application, the automotive infotainment market is expected to witness the fastest growth (CAGR of 9.2%), during the forecast period. Among various type of automotive MEMS sensor, the pressure sensor led the automotive MEMS sensor market in 2014, with the market size of $ 763.1 million. The MEMS design in terms of different type of MEMS integration and application in automotive is changing continuously with the advent of advanced driver assistance systems (ADAS); connected car such as telematics, infotainment, and mobile based apps; safe car such as autonomous vehicles and V2X; and secure car such as automotive cyber security.
The information and data in the publication "Global Automotive MEMS Sensor Market Size, Share, Development, Growth and Demand Forecast to 2020" represent the research and analysis of data from various primary and secondary sources. A top-down approach has been used to calculate the global automotive MEMS market by type and application. P&S Market Research analysts and consultants interact with leading companies of the concerned domain, to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed online and offline research.
The barrier for the entry in automotive MEMS sensor market for consumer-market oriented MEMS manufacturers is expected to be high, even during the forecast period. The top ten companies of MEMS automotive sensor accounted for about 80% of total market share in 2014. Major players of automotive MEMS market, such as Robert Bosch GmbH, have high proprietary learning curve, and absolute cost advantage. The new market opportunities are expected mainly from non-safety based automotive MEMS sensors used in GPS navigation, communication, and infrared sensors.
Browse Related Research at: https://www.psmarketresearch.com/industry-report/semiconductor-and-electronics
Source: https://www.psmarketresearch.com