Global Accelerometers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The “Global Accelerometers Market” has been registering significantly high and further inclining growth rate over the recent past owing to increasing adoption and installation in a range of devices used in everyday life and applications. In its recently generated report titled “Global Accelerometers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028” marketresearch.biz offers a detailed segmentation and covers segmentation by type of accelerometers, end-use/applications, and region and country-wise segmentation.
An accelerometer is a sensor that measures acceleration as well as gravity, and also provides a measurement of constant, dynamic, or static acceleration. Accelerometers can enable high-frequency response, are simple to interface, rugged in terms of design, and are available at a relatively low cost owing to advancements in Micro-Electromechanical Systems technology. Accelerometers are being integrated into a number of consumer electronic devices and products; some of which include wearable devices, smartphones, media players, and gaming consoles to name a few.
Increasing adoption and demand for MEMS technology-based accelerometers in high-end applications along with rising awareness about the technology’s properties such as low power consumption, and small size are primary factors expected to propel growth of the global market. In addition, rising demand for accelerometers in the automotive industry to reduce costs, enhance reliability of automotive systems, and enhance device and vehicle performance is another factor expected to support market growth to a significant extent.
Other factors expected to boost growth of the target market include increasing number of vehicles across the globe and rapid adoption of accelerometers in portable devices. Growing adoption of high-end accelerometers in underwater navigators, unmanned aerial vehicles, small-diameter missiles, and rising demand for smart sensors in hardware components for military applications is expected to support growth of the global accelerometers market.
Some of the major factors that could hamper market growth include high maintenance costs, coupled with operational complexity related to accelerometers.
However, high integration of Internet of Things (IoT) and sensors in accelerometers can help to increase scope of range of industrial application, and create high potential growth opportunities for vendors operating in the global market in the near future.
Among the type segments, the digital accelerometer segment is expected to account for majority share in terms of revenue and is projected to maintain a dominant position as compared to other type segments in the global market over the forecast period. Rising adoption of digital accelerometers is expected to continue to drive growth of the market, and this predicted growth is based on the fact that in comparison, digital accelerometers offer more benefits due to advancements in MEMS technology.
Among the end-use application segments, the aerospace and defense segment is expected to be the dominant segment as compared to other available options over the forecast period. An increasing number of countries and focused on enhancing defense capabilities and this is further projected to result in the aerospace and defense segment registering a rapidly inclining growth rate. The consumer electronics segment is projected to register a substantial revenue growth globally over the forecast period. This projected steady and inclining revenue growth rate is attributable to an increasing or rather growing trend towards smart homes and cities etc.
Among the major regions, the North America accelerometers market is expected to account for majority share in terms of revenue in the global market, and is projected to register a significant growth incline over the next five years. This forecast can be attributed to development of new high-performance accelerometers and newer and more advanced technologies, as well as advancements with regard to existing devices and technologies. Major companies in the North American region are investing on developing and introducing innovative and advanced accelerometers, especially in the US. This in turn is expected to support growth of the accelerometers market in the region in the near future.
Asia Pacific market is projected to register a substantial growth rate over the forecast period, which can be attributed to high revenue share as well as rising demand from the consumer electronics industry, growing industrialization, and increasing populations and disposable income among consumers in countries in the region.
Segmentation by Type:
- Analog Accelerometer
- Digital Accelerometer
Segmentation by End-use Application:
- Aerospace and Defense
- Consumer Electronics
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- L3 Communications
- Lord Microstain
- SBG Systems
- Systron Donner, Inc.
- Trimble Navigation
- Vectornav Technologies
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