Automotive MEMS Market Analysis, Segments, Growth and Value Chain 2016-2026
Verfasser: Monicafmi31 on Thursday, 1 December 2016MEMS, a pivotal technology predominantly used in the automotive industry, serves to enhance vehicle features. While the automotive MEMS technology has been widely adopted for vehicle control, safety, comfort, convenience, powertrain, and infotainment, vehicle safety is the key factor that majorly impacts the demand for MEMS in the automotive industry.
A few major brands in the automotive MEMS market witnessed a regulatory blow in 2014-15, resulting in passive market dynamics. However, the market has recovered rapidly and is currently growing at a significant pace.
The major applications of automotive MEMS include airbags, tire pressure monitoring, navigation, and electronic stability. However, according to FMI’s market research, the industry is currently witnessing a growing number of applications, which is expected to continue with the advent of technology and increasing research prospects. The market is thus foreseen to grow at an impressive pace over the forecast period 2016-2026.
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Automotive MEMS Market: Key Drivers
Consumer Inclination toward Enhanced Vehicle Features