Global Automotive MEMS Sensors Market Development Analysis, Opportunities and Forecast Report till 2029

The report "Global Automotive MEMS Sensors Market, By Type (Tire Pressure Sensors, Engine Oil Sensors, Combustion Sensors, Fuel Injection and Fuel Pump Sensors, Air Bag Deployment Sensors, Gyroscopes, Fuel Rail Pressure Sensors, and Other Types), and Region - Global Forecast to 203-" global automotive MEMS sensors market is projected to grow from US$ 17.0 billion in 2019. The rising technological spread and union of automotive MEMS sensors products with some massive applications such as electronic stability control, electronic control unit, safety & security, & strict government rules to offer security, safety, and reliability in the vehicles are the key factors boosting the growth of the automotive MEMS sensors market. Moreover, innovative applications for the current MEMS sensors and innovative technologies such as hybrid and electric vehicles might provide with several growth opportunities to the global market.

Key Highlights:

In November 2018, Analog Devices Inc. launched a broad range of new Industry 4.0 solutions, enabled with MEMS sensor within its advanced Industry 4.0 roadmap that aimed at helping the industrial equipment accelerate their path to Industry 4.0.
In November 2018, Bosch launched a new generation of high-g acceleration sensors, SMA7xy sensor family, which are designed to enable faster signal processing.

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Key Market Insights from the report:

The global automotive MEMS sensors market accounted for US$ 17.0 billion in 2019 and is projected to register a moderate CAGR of 14.50% over the forecast period. The market report has been segmented on the Type and region.

By type, the airbag control deployment is expected to dominate in this segment, due to the government making mandated automobiles to have airbag functions
By region, Asia-Pacific is projected to lead the global automotive MEMS sensors market and is expected to remain dominant during the forecast period, owing to the rapidly growing automotive industry.

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The prominent player operating in the global Automotive MEMS Sensors market includes Analog Devices Inc., Robert Bosch Gmbh, Denso Corporation, General Electric Co., NXP Semiconductors NV., Infineon Technologies AG, Delphi Automotive Plc, Harman international industries, Inc., Hitachi Ltd., Panasonic Corporation.

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This release was published on openPR.