LONDON--(BUSINESS WIRE)--With increased use of tire pressure monitoring systems (TPMS), the Global Automotive MEMS Market is expected to grow at a CAGR of 11.00 percent from 2014-2019, says research firm TechNavio.
One of the most important applications of MEMS in the automotive sector is in TPMS, as it helps improve the safety of vehicles. TPMS analyzes the pressure in the tires of a vehicle and warns the driver when the tires are underinflated, as underinflated tires are more prone to blowouts.
“TPMS are designed to manage the tire pressure of a vehicle irrespective of the temperature variations that influence said pressure,” says Faisal Ghaus, Vice President of TechNavio.
Overall, the market is expected to be dominated by the Americas over the forecast period. However, the latest report by TechNavio draws attention towards China, which has emerged as the fastest growing market for the consumption of automotive MEMS devices. This is largely owing to the increasing focus on the safety applications for automobiles and emission-related issues.
“China's use of automotive MEMS is expected to increase during the forecast period, as it increases the deployment of automotive airbags and TPMS,” says Ghaus.
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About TechNavio
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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