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The global accelerometer market was valued at US$ 3.2 Bn in 2018 and is expected to reach US$ 4.4 Bn by the end of the forecast period, growing at a CAGR of 4.3% during the period from 2018 to 2023.
An accelerometer is primarily a type of inertial sensor that is being used in measuring the acceleration of a moving body. Accelerometers are widely used in phones, tablets, automobiles, missiles, machines, aircrafts, and others. The demand for accelerometers is increasing owing to their applications in various configurations, as it help in measuring acceleration from small vibrations. The accelerometer market is witnessing growth due to the emergence of the MEMS technology, which has resulted in the miniaturization of mechanical and electro-mechanical elements in the field of semiconductors and sensors, by using the micro-machining and micro-fabrication techniques. This has further increased the adoption of accelerometers in various portable devices due to their enhanced capabilities in the small unit size.
In the automobiles industry, accelerometers are being mounted on various protection systems. Unexpected braking during accidents activates the airbags, and in various advanced cars, automotive accelerometers serve several different purposes. For instance, they are primarily mounted on the skid-prevention systems. The accelerometer is being placed very close to the vehicle’s center of gravity to detect the vehicle balance. Moreover, they are used along with accelerometers in the electronic stability control (ESC) system, which helps in maintaining the level of a vehicle when it moves at a very high speed and also rolls sensors that recognize when the vehicle moves, in order to activate the airbags. This fuels the demand for accelerometers in the automotive industry, as these sensors are being widely used in vehicles.
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Recent Developments in the Market:
Product: In March 2017, Analog Devices Inc. announced an accelerometer designed for the long-period monitoring of the physical condition of high-value assets. The ADXL372 micro power high-g MEMS accelerometer targets Internet of Things (IoT) solutions, where the shock and impact on a unit during storage, transit, or use, would adversely affect its functions, safety, or reliability.
Europe: In Nov 2016, Integrated Accelerometer/Gyro Combo Series from Analog Devices Help Improve Reliability and Accuracy of Automotive Safety Systems in Europe. Analog Devices, Inc. introduced the fully integrated ADXC150x series of inertial combo sensors that bring together the best-in-class reliability and accuracy with industry leading shock and vibration immunity at a reduced footprint.
Bosch: In Nov 2017, Bosch Sensortec announced that it had received the title of CES 2018 Innovation. Awards Honoree for its BMA400 ultra-low power accelerometer, designed for wearable and the Internet of Things (IoT) applications in the embedded technologies category.
Key Questions Answered in the Report:
What is the market value of the overall market and its segments?
What are the key segments and sub-segments in the market?
Which is the largest sub-segment in each segment in the scope of the study?
What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
What are the attractive segments and geographies to invest in?
What is the market value and volume at the regional and the country level?
Who are the key market players and their key competitors?
Who are the key market players at different stages of the value chain?
What are the strategies for growth adopted by the key players in the market?
How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
How financially strong are the key players in the market (on the basis of revenue and profit margin, market capitalization, expenditure analysis, and investment analysis)?
What are the recent trends in the market? (M&A, partnerships, new product developments, and expansions)
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