The firm says to expect broader application ahead, with the automotive market a major driver. Promising automotive applications include driver assistance systems.
The automotive and consumer electronics industries are increasingly adopting MEMS-based sensors which have been in existence for decades. Despite these successes, MEMS sensors have been largely restricted to some few isolated cases. Driven by the automotive and consumer electronics’ vertical markets, this is expected to change during the next decade. Frost & Sullivan forecasts the market for sensors in the automotive market to generate revenues in excess of $700 million in 2012.
Europe currently leads the global stability control systems market as these systems become standard in new vehicles in countries such as Germany, Sweden, and France. The U.S. market for ESC systems is being driven by two factors. First, the National Highway Traffic Safety Administration (NHTSA) is encouraging car manufacturers to adopt stability control systems and is exploring the option to make them mandatory. Second, car manufacturers are using safety for competitive advantage.