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The accelerometers market is forecast to increase by USD 814 million and is estimated to grow at a CAGR of 4.5% between 2023 and 2028. The semiconductor industry is experiencing significant growth, driven by the rising demand for advanced technologies in various sectors. One key offering within this industry is the production of pressure sensors, which are essential components in numerous applications, including automotive, industrial, and consumer electronics. The emergence of Micro-Electro-Mechanical Systems (MEMS) technology has revolutionized pressure sensor manufacturing, enabling smaller, more accurate, and cost-effective devices. Furthermore, the growing need for industrial automation and process control systems is fueling the demand for high-performance pressure sensors. These sensors enable real-time monitoring and analysis of pressure data, leading to increased efficiency, improved product quality, and enhanced safety in various industries.
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The Market is witnessing significant growth due to the increasing demand for sensors in various industries, including Consumer Electronics, Automotive, Aerospace and Defense, Industrial, and IoT devices. Accelerometers are micro sensors that measure physical acceleration, including vibration, shock, and weight direction change. These sensors are essential components in smartphones, smartwatches, and wearables, providing features such as activity tracking and fall detection. In the Automotive sector, accelerometers are used for airbag deployment and stability control systems. In the Aerospace and Defense industry, they are used for defense applications market and commercial aerospace sector, ensuring safety and stability. MEMS (Micro-Electro-Mechanical Systems) technology, micro machining techniques, and semiconductors are the key technologies driving the market. Single axis and multi-axis accelerometers are the two main types, with multi-axis accelerometers gaining popularity due to their ability to measure acceleration in multiple directions. The market is expected to continue growing, driven by the increasing demand for portable devices and the expanding use of sensors in various industries. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand from end-users is notably driving market growth. Accelerometers are essential electromechanical sensors used to measure physical acceleration in various industries, including military, aerospace, healthcare, energy, and consumer electronics. In military applications, they are integral components of guided missiles, spacecraft, and unmanned aerial vehicles, ensuring precision and stability during flight.
Moreover, high-performance accelerometers, such as ruggedized single axis and multi-axis models, are crucial for military applications requiring bias stability and resistance to vibration, shock, and weight direction change. Military spending trends on precision-guided munitions, including laser-guided bombs and cruise missiles, are driving the demand for advanced accelerometers. Thus, such factors are driving the growth of the market during the forecast period.
Rising demand in APAC is the key trend in the market. The global accelerometer market is experiencing significant growth due to its increasing application in various industries, including defense, automotive, healthcare, energy, and consumer electronics. In military applications, high-performance accelerometers are used in guided missiles, spacecraft, and unmanned aerial vehicles for precision navigation and configuration control.
Moreover, these devices measure physical acceleration in single axis or multi-axis configurations, providing crucial data on magnitude, combined acceleration, vibration, and shock. Military spending trends on precision-guided munitions, such as laser-guided bombs and cruise missiles, are driving the demand for ruggedized accelerometers with bias stability and high accuracy.
Low accuracy of accelerometers across certain industries is the major challenge that affects the growth of the market. Accelerometers are essential electromechanical devices that measure the physical acceleration of an object in various sectors, including military applications, healthcare, energy, and consumer electronics. In military uses, high-performance accelerometers are integrated into guided missiles, spacecraft, and unmanned aerial vehicles for precise navigation and configuration control.
Moreover, these devices ensure bias stability, which is crucial for the success of military missions and the reduction of collateral damage. Military spending trends indicate a growing demand for precision-guided munitions, such as laser-guided bombs and cruise missiles, which rely on multi-axis accelerometers for optimal performance. In the healthcare industry, accelerometers are used in wearable devices like smartwatches and fitness trackers to monitor daily activity levels and improve overall health. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aeron Systems Pvt. Ltd: The company offers accelerometers such as SPIN INC2D.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The industrial segment is estimated to witness significant growth during the forecast period. The global market experienced significant growth in 2021, with the industrial sector leading the charge. This sector's dominance can be attributed to the increasing adoption of automation in various industries worldwide. Vendors in this sector provide industrial-grade accelerometers, such as Dytran's model 3185D, which boasts a rugged design, built-in Faraday shield for electrostatic noise immunity, a sensitivity of 100 mV/g, and a low-frequency response.
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The industrial segment was the largest segment and valued at USD 1.95 billion in 2018. The advancement of technology over the past few decades has led to the proliferation of automation, with robots and industrial automation becoming increasingly common across industries. This trend is expected to continue, driving the demand for high-performance accelerometers in various applications. Beyond industrial applications, accelerometers find extensive use in military technology, including guided missiles, spacecraft, and unmanned aerial vehicles (UAVs). Hence, such factors are fuelling the segment during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Accelerometers are micro sensors that measure the acceleration force applied to a body in motion. These sensors play a pivotal role in various consumer electronics, including wearables such as smartwatches and smartphones, IoT devices, and automotive applications. In the consumer electronics sector, accelerometers enable motion sensing abilities, gesture recognition, screen rotation, and safety features like electronic stability control and airbags. Micro fabrication and micro machining processes are used to manufacture these sensors. Hence, such factors are driving the market in North America during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market is witnessing significant growth due to the increasing demand for motion sensing technologies in various industries. Micro sensors, Wireless accelerometer sensor solutions including accelerometers, play a crucial role in consumer electronics, particularly in wearables such as smartwatches and smartphones. In the automotive sector, accelerometers are used in IoT devices for safety features like electronic stability control, airbags, and sensor fusion technologies. The automotive industry's shift towards automation and the integration of micro fabrication and micro machining processes in manufacturing hubs are driving the market's growth. The aerospace and defense sector also utilizes accelerometers extensively in Inertial Measurement Units (IMUs) and MEMS accelerators for inertial navigation applications in ships, aircraft, and submarines. The tech-centric lifestyle and the motion sensing abilities of portable devices have led to the development of tactical-grade accelerometers for defense applications in the market. The global population's increasing vehicle ownership and the commercial aerospace sector's expansion are further boosting the market's growth. Semiconductors and MEMS technology are essential components in the manufacturing of these sensors, making the market highly competitive.
Market Scope |
|
Report Coverage |
Details |
Page number |
141 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 814 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, Germany, China, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aeron Systems Pvt. Ltd., Analog Devices Inc., Honeywell International Inc., Innalabs Ltd., iXblue SAS, Kistler Group, L3Harris Technologies Inc., MEMSIC Semiconductor Co. Ltd., Navigation Electronics Inc., Parker Hannifin Corp., Physical Logic Ltd., Robert Bosch GmbH, Safran Colibrys SA, SBG Systems SAS, Sensonor AS, STMicroelectronics International N.V., TDK Corp., TE Connectivity Ltd., Thales Group, and VectorNav Technologies LLC |
Market dynamics |
Parent market analysis, market forecast, market report, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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