TechNavio, a tech-focused research firm, has published a new report on the Global MEMS Market, which is expected to grow at a CAGR of 12.3 percent from 2014-2019.
According to the latest report by TechNavio, the increasing demand for MEMS pressure sensors in the automotive segment is expected to be the primary market growth driver in the Global MEMS Market. Government regulations related to automotive safety in countries like Europe, Japan, North America, China and South Korea will also add to overall market growth.
“The automotive segment is a significant contributor to the Global MEMS Market and spending in this area is expected to increase over the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
The report also emphasizes several segments like automotive, consumer electronics and healthcare that are constantly innovating to offer better services to customers.
“Growing awareness about health, fitness, and wellness has accelerated the demand for fitness-monitoring devices that employ motion sensors like MEMS accelerometers,” says Ghaus.
Motion sensor technology is even being used in remote controls, to enable gesture-based controls with touchscreen features, which reduces the button overload of traditional remote controls.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Automotive MEMS Market 2015-2019
- Global MEMS Pressure Sensors Market 2015-2019
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.
If you are interested in more information, please contact our media team at media@technavio.com.
