Automotive Sensors Global Market to Reach $30 billion by 2020 while MEMS accounts 15%
Industry Experts has today released the new market report on Automotive Sensors . With a special focus on MEMS sensors market , the report reveals that the global market for automotive sensors is projected to reach just over US$30 billion by 2020 while MEMS accounts for 15% of the total market in the same year. Automotive Sensors are vital components of automotive electronic systems, as modern vehicles rely on these electronic systems to 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