Accelerometer Market Analysis, Size, Share, Growth, Trends And Forecast 2020-2026

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:

• Significant rise in the customer base in the electronics industry is driving the market.
• Increase in the number of automobile users owing to the rise in population boost the market.
• Government is investing highly in the military sector thus fuelling the market.
• The increased penetration of advanced high-end accelerometers into different defense applications propels the market.
• The increased requirement of an accelerometer in the various application of commercial aerospace segment drives the market. According to Boeing’s Aerospace study, there would be a demand for 35,200 new jet aircraft during the next three decades.
• Low accuracy of the accelerometer inhibits the market.
• Incorporating accelerometers with devices increases the cost of a device.
• Using the accelerometer in appliances increases the complexity thus restraining the market.
• MEMS accelerators are extensively applied in inertial navigation to estimate the speed and direction of aircraft, submarines, ships, spacecraft, and guided missiles. Thereby, boosting the market.
• The demand for high accelerometers is increasing for the replacement of the fragile electromechanical devices.
• Developments in the automotive industry are fuelling the market owing to better performance and reduce costs of automotive systems.
• Accelerometers are used in a range of applications from mobile devices to aircraft; thus, driving the global accelerometer market.
• Accelerometers are extensively used in consumer electronics segment; thereby, boosting the market.
• Stringent rules by governments regarding safety increase the demand for the accelerometer.

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 Types:

• Digital
• Analog

By End-Users:

• Aerospace & Defense
• Industrial
• Automotive
• Consumer Electronics
• Others

By Axes:

• 1-Axis
• 2-Axis
• 3-Axis

By Applications:

• Transport
• Navigation
• Others

By Regions:

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Few Points of Table of Content:

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Accelerometer Market Overview

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. Global Accelerometer Market Analysis and Forecast by Type

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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