A recent report published by Infinium Global Research on accelerometer market provides in-depth analysis of segments and sub-segments in the global as well as regional accelerometer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional accelerometer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global accelerometer market. According to the report, the global accelerometer market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
An accelerometer is a sensor that measures a device’s physical acceleration in one direction. It provides movement information of the device in a rotational or linear direction. Accelerometers are low cost and small equipment which is designed and integrated into various electronic devices such as watches. The use of accelerometer is increasing because of its application in various segments such as machine automation, aircraft, and defense. Owing to the benefits of accelerometer sensor such as wide frequency range, high detection limit, simplicity in manufacturing, the possibility of miniaturization and low cross-sensitivity it is a niche in accelerometer market and hence, its development is economically sensible.
Accelerometers are used in a number of electronic devices such as smartphones, media players, wearable devices and gaming consoles. The factors which are driving the accelerometer market are- rising demand for consumer electronics and continuous growth of automation in the manufacturing industry. However, very few cases related to the accuracy of the accelerometer are restraining the growth of the market. Moreover, the continuous growth of automation in the manufacturing sector, rising demand for wearable electronics and the growing use of the internet of things are expected to provide new opportunities in the near future.
Geographically accelerometer market segmented into North America, Europe, and the Asia Pacific. North America is the largest market of the accelerometer products, owing to the presence of several accelerometer manufacturers in this region. Additionally, the presence of a large number of consumers who continuously using a different type of automobile for their personal and commercial purpose is providing a lucrative market in this region for accelerometer products. The Asia Pacific is progressively adopting accelerometer technology owing to the entry of established market players in this region and India is projected to lead the accelerometer market in the Asia Pacific region due to the growing automotive sector in this country.
The report on global accelerometer market covers segments such as type, dimension, and industrial vertical. On the basis of type, the sub-markets include mems accelerometer, and piezoelectric accelerometer. On the basis of dimension, the sub-markets include 1 axis, 2 axis, and 3axis. On the basis of industrial vertical, the sub-markets include industrial, healthcare, automotive, consumer electronics, and aerospace.
The report provides profiles of the companies in the market such as Analog Devices, Robert Bosch GmBH, Honeywell International Inc, InvenSense Inc, Murata Manufacturing Co Ltd, KIONIX Inc., NXP Semiconductors, STMicroelectronics, Northrop Grumman LITEF GmbH, and others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of accelerometer market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.