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The accelerometers market share is expected to increase by USD 652.82 million from 2021 to 2026, at a CAGR of 3.68%.
This accelerometers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers accelerometers market segmentation by end-user (industrial, automotive, consumer electronics, aerospace and defense, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The accelerometers market report also offers information on several market vendors, including Aeron Systems Pvt. Ltd., Analog Devices Inc., Honeywell International Inc., Innalabs Ltd., iXblue SAS, Kistler Instrumente AG, L3Harris Technologies Inc., MEMSIC (Tianjin) Co. Ltd., Navigation Electronics Inc., Parker Hannifin Corp., Physical Logic Ltd., Robert Bosch GmbH, Safran Colibrys SA, SBG Systems SAS, Sensonor AS, STMicroelectronics NV, TE Connectivity Ltd., Thales Group, VectorNav Technologies LLC, and TDK Corp. among others.
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The rising demand from end-users is notably driving the accelerometers market growth, although factors such as low accuracy of accelerometers across certain industries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the accelerometers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Accelerometers Market Driver
One of the key factors driving the global accelerometers market growth is the rising demand from end-users. MEMS accelerometers are employed in a variety of applications, from mobile phones to automobiles. Owing to the high demand for MEMS accelerometers in cellular phones to offer silent mode activation, image stability, menu navigation, motion dialing, shock detection, text scroll, and gaming control, the consumer electronics segment is anticipated to lead the global accelerometer market in the coming years. In addition, the integration of MEMS accelerometers into modules of airbag control is expected to eliminate the use of expensive switches into these modules, resulting in a surge in accelerometer interest. These factors are likely to bolster the global accelerometer market during the forecast period.
Key Accelerometers Market Trend
Another key factor driving the global accelerometers market growth is the rising demand in APAC. The accelerometer market is going through a transition in many parts of the world. Owing to the existence of several manufacturers in China and the low raw material cost in the region, the APAC accelerometer market is expected to grow during the forecast period. Agricultural countries in MEA and APAC, on the other hand, are witnessing an increase in interest in accelerometers, as they undergo modernization and embrace mechanical robotization to revamp therapeutic offices, consumer gadget sectors, and mechanical cycles. Moreover, APAC is expected to lead the global accelerometer market as a manufacturing powerhouse for low-end users, such as consumer and automotive electronics. India is expected to dominate the accelerometer market in APAC, due to the country shifting safety rules in the infrastructure and automobile industries. Such factors are expected to positively impact the market growth in the coming years.
Key Accelerometers Market Challenge
One of the key challenges to the global accelerometers market growth is the low accuracy of accelerometer across certain industries. Accelerometers are used in various sectors such as medical applications, navigation, transport, and consumer electronics. For instance, in Belgium, accelerometer-based step counters are promoted by the government to encourage people to walk a few thousand steps each day. Further, Herman Digital Trainer uses accelerometers to measure strike force in physical training. Accelerometers have been used to calculate gait parameters, such as stance and swing phase. Thus, the wide application of accelerometers having low accuracy of accelerometers is expected to hinder the market growth in the forecast period.
This accelerometers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global accelerometer market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the accelerometers market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the accelerometers market encompasses successful business strategies deployed by the key vendors. The accelerometers market is fragmented and the vendors are deploying growth strategies such as geographical expansion to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The accelerometers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the accelerometers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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29% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for accelerometers in APAC. Market growth in this region will be faster than the growth of the market in other regions.
North America is another potential market. The significant increase in the investment by vendors to introduce advanced and innovative accelerometers will facilitate the accelerometers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 severely affected most countries in the region. Most industries were negatively impacted due to significant disruptions in manufacturing and supply chain operations as a result of mandatory lockdowns and restrictions enforced by governing authorities across the region. However, in the beginning of 2021, governments took several initiatives, such as mass vaccination drives, which resulted in a decline in the number of COVID-19 cases. This led to the gradual increase in regional economic activities, which significantly surged the demand for accelerometers.
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The accelerometers market share growth by the industrial segment will be significant during the forecast period. The growth is attributed to the rising adoption of automation in industries globally. Furthermore, vendors in the region offer stainless steel, low-frequency response, and waterproof industrial accelerometers, which will further support the market growth. For instance, Dytran offers a model 3185D accelerometer, which 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 frequency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the accelerometers market size and actionable market insights on post COVID-19 impact on each segment.
Accelerometers Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 3.68% |
Market growth 2022-2026 |
$ 652.82 million |
Market structure |
Fragmented |
YoY growth (%) |
3.96 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 29% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aeron Systems Pvt. Ltd., Analog Devices Inc., Honeywell International Inc., Innalabs Ltd., iXblue SAS, Kistler Instrumente AG, L3Harris Technologies Inc., MEMSIC (Tianjin) Co. Ltd., Navigation Electronics Inc., Parker Hannifin Corp., Physical Logic Ltd., Robert Bosch GmbH, Safran Colibrys SA, SBG Systems SAS, Sensonor AS, STMicroelectronics NV, TE Connectivity Ltd., Thales Group, VectorNav Technologies LLC, and TDK Corp. |
Market dynamics |
Parent market analysis, 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 the 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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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