The analysts forecast global dead reckoning sensor system market to grow at a CAGR of 1.91% during the period 2018-2022. One trend in the market is autonomous driving.
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Many converging sectors are working collectively on the R&D of autonomous driving.
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Globally, major car groups are working on their own autonomous driving technologies, which have drawn the interest of both premium and volume manufacturers, such as Tesla, Audi, Mercedes-Benz, Ford Motor, and BMW.
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Major key players in the global dead reckoning sensor system market: u-blox, FURUNO ELECTRIC, and Trimble.
According to the dead reckoning sensor system market report, one driver in the market is safety features enabled by MEMS in automobiles. Automobile manufacturers are increasing the use of microelectromechanical systems (MEMS) to add more features to automobiles.
The different types of MEMS included in the report are accelerometers, gyroscopes, microphones, RF MEMS, and pressure sensors. The growing 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.
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Further, the dead reckoning sensor system market report states that one challenge in the market is rising cost pressure on automotive OEMs. Automotive OEMs are subject to heavy cost pressures because of the dynamism in the regulatory environment and demanding consumer base.
Environment and safety standards are compelling OEMs to find means to comply with regulations, while not transmitting additional costs to consumers. Controlling emissions is bound to increase the cost of vehicles.
For instance, according to the National Automobile Dealers Association, the US CAFE standards (that became effective in 2016) may hike the manufacturing costs of a vehicle by $1,000.
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Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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