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Automotive MEMS Market
Albany, NY (PRWEB) February 16, 2015
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The market study, titled “Global Automotive MEMS Market 2015-2019”, offers an informative analysis providing in-depth evaluation of the industry and states that the global automotive MEMS market is anticipated to increase at a compound annual growth rate of 11% over the period of 2014 to 2019.
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MEMS refer to mechanical devices that are small in size and function on electricity. MEMS deployed for automotive applications are known as automotive MEMS. Accelerometers, gyroscopes, pressure sensors, and flow sensors are the major devices that are utilized in automotive applications. At present, TPMS, ESC, navigation, and airbags are the most important automotive applications in which MEMS devices are deployed.
The research report studies the segments, participants, and mechanisms of the automotive MEMS market. On the basis of applications, the market is classified into comfort and convenience, vehicle security systems, power train, infotainment, and safety and control. These are sets of technologies and methodologies that convert unstructured as well as structured data into meaningful and functional information. The main markets for the automotive MEMS industry are APAC, EMEA, and the Americas. On the other hand, the automotive MEMS market in China is emerging as one of the leading end users in the global market for automotive MEMS.
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According to the research report, the main growth driver of the automotive MEMS market across the globe is rise in the usage of TPMS. Increasing concern regarding vehicle security such as low tire pressure that can cause fatal car accidents is the key factor behind the growth in application of MEMS in TPMS.
In addition to this, the market study states that the complicated design of automotive MEMS is one of the main challenges restraining the growth of the global market for automotive MEMS. Automotive MEMS producers find it complex to design and develop automotive MEMS that are well-suited with security solutions and match up to safety standards. The government has decided to adopt EU emission standards to diminish carbon emission levels in vehicles. This, according to the report will result in uplifted implementation of engine sensors.
The expected market size by the end of 2019, growth rate, major trends in the automotive MEMS market, driving forces and restraints in the industry, and the strengths and weaknesses of major suppliers are discussed in this research report.
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Sensata Technologies, Robert Bosch, Freescale Semiconductor, and Denso are the main players in the global market for automotive MEMS. Some other players of the automotive MEMS market across the globe are Infineon Technologies, Pacific Industrial, Panasonic, Renesas Electronics, Delphi Automotive, GE Measurement & Control, ROHM Semiconductor, Analog Devices, STMicroelectronics, and Texas Instruments.