MEMS big in the automotive sector
Reportlinker.com has a new market research report available in its catalogue called, "Global Automotive Sensors Market with Special Focus on MEMS Sensors"
Modern vehicles rely on automotive sensors as these electronic systems make sure vehicles meet efficiency and security standards as well as environmental regulations.
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.
Primarily, the government regulations in North America, Europe, Japan, China and South Korea, driving demand for automobile safety features that ranges from passive to integrated active and passive safety systems. These developments are driving increased demand for applications such as tyre pressure monitoring, electronic stability control, occupant detection and advanced driver assistant systems.
Also, the number of electronic components in engine management, fuel efficiency, occupant comfort & convenience applications and infotainment systems are increasing. And what's more, the use of networking in automotive applications continues to increase as various subsystems communicate within vehicle and with the external devices and networks.
Driven by these advancements in automotive industry, reportlinker.com says 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 percent between 2012 and 2020.
Overall, the major driving forces for increased demand for automotive sensors in vehicles include regulatory mandates for improving fuel economy and stringent emission standards as well as requirements for advanced safety systems.
The growth is also attributed by consumer demand for safety & security, comfort & convenience features and the growth of hybrid and electric vehicles which is creating enormous opportunities for new types of sensors in automobile industry.
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 include position sensors, pressure sensors, speed sensors, oxygen sensors, accelerometers, rollover sensors, yaw rate sensors, temperature sensors, mass airflow sensors and other automotive sensors.
The automotive sensors market is also analysed by automotive end-use application area including powertrain, chassis, safety & security, body, communication & navigation and other automotive applications.
In addition, this report also looks at automotive MEMS sensors market analysed 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.
