USD 2.80 billion
Accelerometers Market Size, Share, Growth Analysis, By Product (AC Response, DC Response), By Dimension (1-Axis, 2-Axis), By End Use Industry (Consumer Electronics, Automotive), By Region-Industry Forecast 2024-2031
Report ID:
SQMIG45K2090 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
67
|Figures:
77
Accelerometers Market Insights
Global Accelerometer Market size was valued at USD 3.1 billion in 2022 and is poised to grow from USD 3.3 billion in 2023 to USD 6.1 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).
These devices are widely used in various applications, including aerospace, automotive, healthcare, industrial automation, and consumer electronics. The purpose of the global accelerometers market is to provide insights into the current state and future prospects of the market. for Instance, January 2021, Analog Devices, Inc. stated that Maxim Integrated Products, Inc. had been purchased to expand its portfolio of analogue semiconductor products. The increasing adoption of IoT-enabled devices is driving the demand for accelerometers, as these devices require sensors to detect motion, position, and orientation. The growing use of IoT-enabled devices in various applications, including smart homes, wearables, and industrial automation, is expected to drive the demand for accelerometers in the coming years. The market is highly competitive, with a few large players accounting for a significant share of the market, but there are also many smaller players specializing in specific applications and industries. The market is expected to continue growing in the coming years, driven by technological advancements, increasing demand for advanced sensors and IoT-enabled devices, and emerging applications in areas such as healthcare and robotics.
US Accelerometers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
2.41% CAGR
Global Accelerometers Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
To get more reports on the above market click here to Buy The Report
Accelerometers Market Segmental Analysis
Global Accelerometer Market is segmented on the type, product, dimension, end use industry, and region. By type, the market is segmented into MEMS Accelerometer, Piezoelectric Accelerometer, Piezoresistive Accelerometer, and Others, By product, the market is segmented into AC Response and DC Response. By dimension, the market is segmented into 1-Axis, 2-Axis, and 3-Axis. By end use industry, the market is segmented into Consumer Electronics, Automotive, Healthcare, Aerospace & Defense, Industrial, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Accelerometers Market Analysis by Application
The dominant segment in the global accelerometers market is the automotive sector, which is driven by the growing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. These systems require accelerometers to detect vehicle motion, enabling them to perform critical functions such as collision avoidance and lane departure warning. The automotive sector is expected to continue dominating the market due to the increasing adoption of electric vehicles and the need for more advanced sensor technology to support these vehicles.
The fastest-growing segment in the global accelerometers market is the healthcare sector, which is being driven by the increasing use of accelerometers in medical devices and wearables. Accelerometers are being used in devices such as implantable cardiac monitors, fall detection devices, and fitness trackers to monitor physical activity and detect abnormal motion.
Accelerometers Market Analysis by Type
The dominant segment in the global accelerometers market is MEMS accelerometers, which are widely used in consumer electronics and automotive applications. MEMS accelerometers are preferred for their small size, low power consumption, and low cost compared to other types of accelerometers. The MEMS accelerometers segment is expected to continue dominating the market due to the increasing demand for portable electronic devices and the growing adoption of sensor technology in the automotive industry.
The fastest-growing segment in the global accelerometers market is piezoelectric accelerometers, which are being increasingly used in aerospace and defense applications. Piezoelectric accelerometers are preferred for their high sensitivity, wide frequency range, and ruggedness.
Global Accelerometers Market Size By Application 2022(%)
To get detailed analysis on other segments, Request For Free Sample Report
Accelerometers Market Regional Insights
The Asia Pacific accelerometers market is dominant at a CAGR of around 10% during the forecast period. Asia Pacific is the dominant region in the global accelerometers market, driven by the increasing demand for consumer electronics and the growing adoption of sensor technology in the automotive industry. The dominant segment in Asia Pacific is the consumer electronics sector, followed by automotive.
North America is currently the dominant region in the global accelerometers market, driven by the presence of major aerospace and defense companies and the growing demand for advanced sensor technology in the automotive industry. The dominant segment in North America is the automotive sector, followed by aerospace and defense.
Global Accelerometers Market Size By Geography, 2022-2030
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Accelerometers Market Dynamics
Accelerometers Market Drivers
Escalating demand for Driverless Vehicles and Advanced Driver Assistance Systems to bring New Opportunities
- Accelerometers are critical components in ADAS and autonomous vehicles as they detect vehicle motion, enabling these systems to perform critical functions such as collision avoidance and lane departure warning. The increasing adoption of these technologies is driving the demand for accelerometers in the automotive sector.
- Accelerometers are widely used in smartphones, tablets, and wearable devices to detect motion, enable screen rotation, and track physical activity. The growing demand for these devices is driving the demand for accelerometers in the consumer electronics sector.
Accelerometers Market Restraints
Dependence on End-User Industries might Pose as a Threat
- The demand for accelerometers is largely dependent on the demand for end-user industries such as automotive, consumer electronics, and industrial automation. Any slowdown in these industries can have a negative impact on the demand for accelerometers.
Request Free Customization of this report to help us to meet your business objectives.
Accelerometers Market Competitive Landscape
The market is also witnessing the entry of new players, particularly from emerging economies, which is further intensifying the competition. To remain competitive, companies are focusing on developing advanced products that offer better performance, lower power consumption, and smaller form factors.
Accelerometers Market Top Player’s Company Profiles
- Rohm Co. Ltd. (Japan)
- Silicon Designs, Inc. (US)
- TE Connectivity (Switzerland)
- Honeywell International Inc. (US)
- Murata Manufacturing Co. Ltd. (Japan)
- CTS Corporation (US)
- NXP Semiconductor (Netherlands)
- Dytran Instruments, Inc. (US)
- STMicroelectronics (Switzerland)
- Meggitt PLC (UK)
- Safran SA (France)
- Northrop Grumman (US)
- Robert Bosch GmbH (Germany)
- MTS Systems (US)
- Innalabs (Ireland)
- Analog Devices Inc. (US)
- InvenSense, Inc. (US)
- Kionix, Inc. (US)
- Sensonor AS (Norway)
- Al Cielo Inertial Solutions Ltd. (Israel)
- Silicon Sensing Systems Limited (UK)
- Atlantic Inertial Systems Ltd. (UK)
- Koninklijke Philips N.V. (Netherlands)
- Fitbit Inc. (US)
- Garmin (US)
Accelerometers Market Recent Developments
- In March 2023, A real-time health monitoring system by Honeywell International Inc. HON can monitor patients' vital signs both in-person and remotely while they are receiving medical care.
- In May 2022, Leaders in dynamic measurement technology Spectris and Dytran jointly announced that they had signed a Share Purchase Agreement under which Spectris will buy all of the outstanding shares of Dytran Instruments, Inc.
Accelerometers Key Market Trends
- The development of advanced sensor fusion algorithms is enabling the integration of data from multiple sensors to provide more accurate and reliable sensing of motion. This is particularly important in critical applications such as automotive safety and industrial automation.
Accelerometers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global accelerometers market is poised for notable expansion. This growth is fueled by various factors, including the rising integration of IoT-enabled gadgets, a surge in the need for accelerometers based on MEMS technology, and an increasing desire for wearable devices and compact electronic gadgets. Furthermore, the heightened emphasis on enhancing the efficiency and trustworthiness of sensors, particularly in vital domains like automotive safety and industrial automation, is contributing to the market's advancement. The market landscape is marked by strong competition, featuring a multitude of participants operating within it.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.1 billion |
| Market size value in 2031 | USD 6.1 billion |
| Growth Rate | 7.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Accelerometers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Accelerometers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Accelerometers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Accelerometers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Accelerometers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Accelerometers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
