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The accelerometers market size is forecast to increase by USD 814 million, at a CAGR of 4.5% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and increasing applications across various sectors. Capacitive accelerometers, with their high sensitivity and low power consumption, are gaining popularity in automotive and consumer electronics. Mounting configurations for these sensors are becoming more diverse, with silicon microstructures enabling compact designs and improved performance. Inertial measurement units (IMUs) are another key market trend, integrating acceleration data logging, environmental testing, and signal processing algorithms to measure both linear and angular motion. Impact force measurement and tilt sensing are essential applications for IMUs in industries like construction and aerospace. Three-axis accelerometers, based on MEMS technology, are increasingly used for vibration measurement and motion tracking.
Sensor fusion techniques enable the combination of data from multiple sensors, enhancing accuracy and reliability. Linear acceleration sensors and angular rate sensors are crucial components in this context. Industry growth in the market is expected to reach double-digit percentages, fueled by the increasing demand for advanced sensing technologies in various applications. For instance, a leading automotive manufacturer reported a 15% increase in sales due to the integration of advanced accelerometer systems in their latest vehicle models. Dynamic range specifications, interface protocols, packaging techniques, reliability testing, and calibration procedures are essential considerations for accelerometer manufacturers. Bandwidth specifications, power consumption, noise reduction filters, and shock detection systems are other critical factors influencing market dynamics.
In conclusion, the market is characterized by continuous innovation and evolving patterns, with applications ranging from automotive to aerospace and consumer electronics. The integration of advanced technologies like MEMS, sensor fusion, and digital output is driving growth and enhancing performance.
The accelerometers industry 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.
The industrial segment is estimated to witness significant growth during the forecast period.
The global accelerometer market is witnessing significant growth due to the increasing adoption of automation in various industries. Industrial applications accounted for the largest market share in 2021, driven by the use of robots and industrial automation systems. Companies offer rugged industrial accelerometers with features such as stainless steel casing, low-frequency response, and waterproofing. For instance, Dytran's model 3185D accelerometer is a rugged IEPE accelerometer with a built-in Faraday shield for electrostatic noise immunity, a sensitivity of 100 mV/g, and a response at low frequencies. Advancements in technology have fueled the growth of automation, leading to the adoption of inertial measurement units (IMUs) and 3-axis accelerometers in various applications.
IMUs are used in motion tracking sensors, tilt sensing, vibration measurement, and shock detection systems. For example, MEMS (Micro-Electro-Mechanical Systems) technology is widely used in the production of 3-axis accelerometers due to their small size, low power consumption, and high sensitivity. Sensor fusion techniques, such as Kalman filtering, are used to combine data from multiple sensors to improve accuracy and reliability. Linear acceleration sensors and angular rate sensors are essential components of IMUs, providing data for calculating acceleration and angular velocity, respectively. Calibration procedures and temperature compensation techniques are crucial to ensure the accuracy and reliability of these sensors.
The market for accelerometers is expected to grow at a steady pace in the coming years due to the increasing demand for motion tracking sensors in various applications, such as automotive, healthcare, and consumer electronics. For instance, the automotive industry is expected to be a significant contributor to the market growth, driven by the increasing adoption of advanced driver assistance systems (ADAS) and electric vehicles (EVs). In summary, the global accelerometer market is witnessing significant growth due to the increasing adoption of automation in various industries, driven by advances in technology and the need for accurate and reliable motion tracking sensors.
The use of MEMS technology, sensor fusion techniques, and calibration procedures are essential to ensure the accuracy and reliability of these sensors. The market is expected to grow steadily in the coming years, driven by the increasing demand for motion tracking sensors in various applications, particularly in the automotive industry.
The Industrial segment was valued at USD 1950.00 million in 2018 and showed a gradual increase during the forecast period.
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.
The market is experiencing significant advancements, with capacitive accelerometers and inertial measurement units (IMUs) gaining popularity due to their high sensitivity and precision. Mounting configurations and silicon microstructures continue to evolve, enabling versatile applications in various industries. Acceleration data logging and environmental testing are crucial aspects of accelerometer development, ensuring reliability and accuracy under diverse conditions. Signal processing algorithms, such as noise reduction filters and shock detection systems, enhance the functionality of these sensors. Impact force measurement and vibration measurement are essential in industries like automotive and aerospace, where safety and performance are paramount.
Three-axis accelerometers and MEMS technology enable motion tracking and tilt sensing, while sensor fusion techniques and linear acceleration sensors offer improved accuracy and efficiency. The market growth is expected to reach double digits, with North America leading the way, capturing the highest share in 2023. The region's growth is driven by the increased investment in developing high-performance accelerometers and the US defense sector's focus on precision-guided munitions (PGMs), which accounted for approximately 30% of the US military's procurement budget in 2021. These PGMs rely on advanced accelerometers for optimal functionality, contributing to the market's expansion.
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.
The accelerometers 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 accelerometers market 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, accelerometers market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Aeron Systems Pvt. Ltd. - The company specializes in producing advanced accelerometers, including the SPIN INC2D model, providing precise measurement solutions for various industries.
The industry research and growth report 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 industry 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.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Accelerometers Market insights. See full methodology.
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 |
Key countries |
US, Germany, China, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this accelerometers market research report to meet your requirements.
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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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