The global accelerometer market was valued at USD 2 billion in 2019 and is anticipated to reach USD 3 billion by 2026, expanding at a CAGR of 3% during the forecast period, 2020 – 2026. The growth of the market is attributed to the increase in recognition associated with MEMS technology.
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An accelerometer is a device use to evaluate acceleration forces and sense vibrations. The motion sensors present in accelerometers helps to detect earthquakes and are used in medical devices such as artificial body parts. It extends to a broad spectrum of applications in academic as well as consumer-driven sector. Moreover, accelerometers are used in electronic devices to protect hard drives from damage. It is used in automobiles to detect vehicle crash; hence, set out airbags instantly. An accelerometer decides the angle of the device with respect to the Earth owing to its capability of measuring the gravitational pull. Furthermore, it permits the user to be aware of the surroundings of a device. With the help of an accelerometer, one can conclude in which direction an object is moving. For instance, smartphones automatically rotate its display amid landscape and portrait mode depending on the angle of the smartphone. An accelerometer is used in biometrics and in everyday life owing to the presence of smartphones.
Market Trends, Drivers, Restraints, and Opportunities:
Competitive Landscape:
Major players in the global accelerometer market are Aeron, Honeywell, L3 Communications, Trimble Navigation, Lord Microstain, SBG Systems, MEMSIC, Systron Donner, Ixblue, and Vectornav Technologies. They engage in strategies such as technological innovations, competitive pricing, mergers and acquisitions. In April 2019, STM32GO was launched by STMicroelectronics for better industrial applications. It is useful for the maintenance of manufacturing equipment as it detects minor fluctuations prior to serious damage.
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Segments Covered in the Report:
The global accelerometer market has been segmented on the basis of
By Regions:
Few Points of Table of Content:
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Accelerometer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Accelerometer Market – Supply Chain
4.5. Global Accelerometer Market Forecast
4.5.1. Accelerometer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Accelerometer Market Size (000? Units) and Y-o-Y Growth
4.5.3. Accelerometer Market Absolute $ Opportunity
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Accelerometer Market Size and Volume Forecast by Type
5.3.1. 1 Axis
5.3.2. 2 Axis
5.3.3. 3 Axis
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
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