Global Demand for Automotive MEMS Sensors Projected to Reach $4.7 Billion by 2020

According to a market research report by MarketsandMarkets, the total automotive sensor market is expected to reach $33.59 billion by 2022 at a CAGR of 7.8%; and the volume of sensors is expected to reach 8930.00 million units in 2022 from 2,965.37 million units in 2012, at an estimated CAGR of 11.7% from 2013 to 2022.

 

Sensors fulfill many important tasks ranging from engine performance and passenger safety to comfort and vehicle dynamic behavior. The need for sensors is evolving and is continuously growing. Previously sensors were analog devices which had very few applications in automobiles, but today’s sensors mainly utilize digital technology, which means betterment and enhancement in efficiency and sensing performance. The future of automotive sensors is highly dependent on sensor technologies like MEMS sensor, wireless sensor, radar, and many more; out of which, the MEMS (Microelectromechanical Systems sensors) is the most promising sensor technology; and is likely to emerge as a game changer for the automotive world.

Read more about the demand for automotive MEMS sensors in the market research report. 

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