Technavio market research analysts forecast the global dead reckoning sensor system market is expected to grow at a CAGR of approximately 2% during the forecast period, according to their latest report.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180202005455/en/
Technavio has published a new market research report on the global dead reckoning sensor system market from 2018-2022. (Graphic: Business Wire)
This market research report segments the global dead reckoning sensor system market into the following segments based on end-user (passenger vehicles and commercial vehicles) and geography (the Americas, APAC, and EMEA).
Inquire about this report: View market snapshot before purchasing
Register for a My Technavio account and get 10% off your first purchase! View all Technavio's current offers
Safety features enabled by MEMS in automobiles: a key market driver
Automobile manufacturers are increasing the use of microelectromechanical systems (MEMS) to add more features to automobiles. The different types of MEMS that have been included in the report are accelerometers, gyroscopes, microphones, RF MEMS, and pressure sensors. The rising awareness of vehicle safety and the demand for high-tech cars have led to an increase in vehicle automation. MEMS sensors are the major components of this process. Automation includes occupant detection, advanced driver assistance systems (ADAS), battery control, drowsiness detection, emission control, electronic stability control (ESC), roll stability control (RSC), night vision, and emission control. Governments of numerous countries are mandating the use of safety sensors to minimize collisions. This is a factor supporting the market growth.
Accelerometers are used in automobiles owing to their advanced power-saving features. They also serve a higher temperature range that makes them the ideal choice for automotive applications, including infotainment, navigation, security, and telematics. Accelerometers are used in airbag applications in vehicle safety systems. Gyroscopes offer a high level of accuracy required by navigation systems that are embedded in vehicles. Vehicles are also embedded with inertial combos, a combination of accelerometers and gyroscopes to improve the accuracy of motion-controlled functionalities. For instance, iNEMO 6-axis system-in-packages, by STMicroelectronics, integrate accelerometers and gyroscopes in a single device to improve accuracy, space, and cost optimization.
According to a senior analyst at Technavio forsensors, "Multi-axis gyroscopes and accelerometers are used for assisted navigation and empower sophisticated dead reckoning software algorithms, which are used to calculate the current position from a previously determined location updated by acceleration, change of direction, and time. Other important MEMS that are installed in automobiles are pressure sensors. These sensors are generally used in tire-pressure monitoring, air pressure control in engines, transmission system pressure sensing, side airbags, and braking systems. This can be attributed to the consumer demand for safety, comfort, and fuel efficiency."
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global dead reckoning sensor system market segmentation
The segmentation of the global dead reckoning sensor systemmarket is based on road transport vehicles because dead reckoning sensor systems are used only in these transport vehicles. The passenger vehicles segment dominated the global dead reckoning sensor system market in 2017, accounting for a share of approximately 77%. The segment will continue to be the highest contributor to the dead reckoning sensor system market during the forecast period owing to the increased adoption in terms of volume.
Of the three major regions, APAC held the largest share of the global market in 2017, accounting for a share of more than 54.13%. It was followed by EMEA and the Americas. EMEA and the Americas will account for almost equal revenue shares during the forecast period due to the significant demand from automobile OEMs. The market share of APAC will grow during the forecast period because of the increasing automobile manufacturing activities. This is expected to drive the demand for dead reckoning sensors in the region.
Personalize this report according to your needs: Request a customization
Technavio's analysts and industry experts will work directly with you to understand your requirements. We offer USD 1,000 worth of FREE customization at the time of purchase.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180202005455/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com