Global Accelerometers Market

Accelerometers Market Size, Share, Growth Analysis, By Type(MEMS Accelerometers, Piezoelectric Accelerometers), By Application(Aerospace & defense, Automotive) - Industry Forecast 2024-2031

Report ID: SQMIG45K2090 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 77

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.
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FAQs

Accelerometers Market size was valued at USD 2.80 billion in 2021 and is poised to grow from USD 2.87 billion in 2022 to USD 3.39 billion by 2030, at a CAGR of 2.41% during the forecast period (2023-2030).

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. 'Analog Devices, Inc. (USA)', 'Honeywell International Inc. (USA)', 'KIONIX, Inc. (USA)', 'Murata Manufacturing Co., Ltd. (Japan)', 'NXP Semiconductors N.V. (Netherlands)', 'Robert Bosch GmbH (Germany)', 'STMicroelectronics N.V. (Switzerland)', 'TE Connectivity Ltd. (Switzerland)', 'Texas Instruments Inc. (USA)', 'Toshiba Corporation (Japan)', 'Infineon Technologies AG (Germany)', 'MEMSIC, Inc. (USA)', 'Microchip Technology Inc. (USA)', 'Mouser Electronics, Inc. (USA)', 'Panasonic Corporation (Japan)', 'PCB Piezotronics, Inc. (USA)', 'Rohm Co., Ltd. (Japan)', 'Silicon Designs, Inc. (USA)', 'Sensata Technologies, Inc. (USA)', 'TDK Corporation (Japan)', 'Würth Elektronik GmbH & Co. KG (Germany)', 'Yahagi Electric Corporation (Japan)'

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.

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.

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 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.

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Global Accelerometers Market

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