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

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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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