Accelerometer Market (Type - AC Response (Piezoelectric), DC Response (Capacitive, Piezoresistive); Axis - 1-Axis, 2-Axis, 3-Axis; End use Industry - Consumer Electronics, Automotive, Health Care, Aerospace and Defense, Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Electronics & Semiconductors
- 199 Pages
Accelerometer Market - Snapshot
The accelerometer market in different regions across the world is undergoing a diverse phase. North America and Europe are mature regions of the global market, due to presence of better health care facilities and industries in these regions. On the other hand, developing countries in Asia Pacific and Middle East & Africa, which are undergoing modernization and adopting industrial automation to upgrade medical facilities, consumer electronics components, and industrial processes, are witnessing increase in the demand for accelerometers. This, in turn, is driving the global accelerometer market. The global accelerometer market is projected to expand at a CAGR of 4.6% during the forecast period and reach value of US$ 2,489.6 Mn by 2026.
Growing adoption of micro electromechanical system (MEMS) accelerometers in high-end applications, led by their advantages such as enhanced performance, small size, and low power consumption, is expected to propel the global accelerometer market during the forecast period. Demand for accelerometers in the automotive industry is rising in order to improve performance, reduce costs, and enhance the reliability of automotive systems. Accelerometers offer an industry-standard method of detecting car crashes and deploying airbags at just the right time. They are used to detect rapid negative acceleration of the vehicle to determine when the collision had occurred. Incorporation of MEMS accelerometers into airbag control modules has virtually eliminated the use of costly switches in these modules, thereby driving the demand for accelerometers. MEMS accelerometers are used in applications ranging from mobile devices to cars. They are extensively employed in the consumer electronics sector. This factor would continue to drive the global accelerometer market during the forecast period.
However, the accelerometer market faces serious challenges due to low accuracy of accelerometers across certain industries. In complex systems such as satellites, space vehicles, and missiles, the inertial navigation system is used by combining it with accelerometers and a gyroscope. The data generated from accelerometers is not accurate, as its accuracy is dependent on the hardware used.
Among end-use industries, the consumer electronics segment is expected to dominate the global accelerometer market during the forecast period, owing to high demand for MEMS accelerometers for use in mobile phones in order to provide image stability, shock detection, menu navigation, text scroll, gaming control, silent mode activation, and motion dialing. Automotive is the most rapidly expanding end-use industry segment of the market for accelerometers, followed by consumer electronics and others segments. One of the key uses of capacitive accelerometers in the automotive industry is to control the electronic stability control (ESC) systems through improving the vehicle stability by detecting and reducing loss of traction. This is expected to boost the demand for accelerometers during the forecast period. Among end-use industries, the automotive segment is expected to witness high investments during the forecast period. Furthermore, high demand for accelerometers in health care, industrial, aerospace, and automotive segments is expected to propel the market during the forecast period.
Attracted by growth of the market and underlying latent demand, several players operating in the global accelerometer market are expanding their business through new product development, strategic mergers and acquisitions, and partnerships. In May 2017, CTS Corporation acquired Noliac A/S. Noliac A/S is a privately held company. It manufactures and designs tape cast and transducer as well as bulk piezoelectric materials for use in defense, medical, industrial, and telecommunication sectors. The acquisition is expected to expand product lines of the company and expand its business in Europe. Some of the prominent players operating in the global accelerometer market are Dytran Instruments Incorporated, Honeywell International, Inc., TE Connectivity, Kionix, Inc., Silicon Designs, Murata Manufacturing Co. Ltd., CTS Corporation, NXP Semiconductor, STMicroelectronics NV, Meggitt PLC, Safran SA, Northrop Grumman Corporation, Robert Bosch, Innalabs, and MTS System Corporation. Companies in the market are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.
Rising Demand from Automobile Sector will Prove Beneficial for Accelerometer Market
The rising adoption of micro electromechanical system accelerometers by major applications are likely to bode well for the global accelerometer market. The accelerometer market in various districts across the world is going through a different stage. North America and Europe are adult areas of the worldwide market, because of quality of better medical care offices and businesses in these districts. Then again, agricultural nations in Asia Pacific and Middle East and Africa, which are going through modernization and embracing mechanical robotization to overhaul clinical offices, customer gadgets segments, and mechanical cycles, are seeing expansion in the interest for accelerometers. This, thus, is driving the worldwide accelerometer market.
Developing selection of miniature electromechanical framework (MEMS) accelerometers in very good quality applications, driven by their benefits like improved execution, little size, and low force utilization, is relied upon to move the worldwide accelerometer market during the conjecture time frame. Interest for accelerometers in the car business is ascending to improve execution, lessen expenses, and upgrade the dependability of auto frameworks.
Accelerometers offer an industry-standard strategy for recognizing vehicle crashes and conveying airbags at the perfect time. They are utilized to distinguish quick negative quickening of the vehicle to decide when the crash had happened. Joining of MEMS accelerometers into modules with airbag control has essentially disposed of the utilization of exorbitant switches in these modules, in this manner driving the interest for accelerometers. MEMS accelerometers are utilized in applications going from cell phones to vehicles. They are widely utilized in the customer gadgets area. This factor would keep on driving the worldwide accelerometer market during the gauge time frame.
Geographically, the market is dominated by Asia Pacific on account of the rising number of building and construction activities working on infrastructural development of the developing economies. This, coupled with the rising adoption of safety guidelines for production of automobiles is likely to aid in expansion of the regional market in the coming years.
Accelerometer Market: Overview
This comprehensive report by Transparency Market Research analyzes the accelerometer market at the global and regional levels. The report provides analysis for the period from 2016 to 2026, where 2017 is considered the base year and 2018–2026 is the forecast period. An in-depth and unbiased market assessment has been made to offer readers comprehensive and accurate analysis. The report analyzes all major trends likely to influence the growth of the global accelerometer market from 2018 to 2026. It also analyzes driving factors, restraining factors, and opportunities for the market. The study provides a perspective of the accelerometer market in terms of value and volume (US$ Mn and thousand units) across five regions: Asia Pacific, South America, North America, Middle East & Africa, and Europe.
The report includes detailed value chain analysis, which is focused on providing a widespread view of the global accelerometer market. The value chain analysis section includes a list of active market participants, marketing channel analysis, and market positioning. The report also includes accelerometer mounting technologies and their analysis, which includes the most adopted mounting technique. Porter’s Five Forces analysis has also been provided in the report to help understand the competition scenario of the market. The study incorporates market attractiveness analysis, wherein type and end-use industry segments have been benchmarked based on their market size, growth rate, and attractiveness. The report also includes attractiveness analysis of the market in every region in order to provide the overall competition scenario in the accelerometer market.
The overview section of the report analyzes the market trends and dynamics that include drivers, restraints, and the current and future opportunities for the accelerometer market. Market outlook analysis has also been provided in the report. Additionally, the report offers analysis of business strategies adopted by key players operating in the global accelerometer market. The introduction chapter provides a snapshot of different trends and services related to accelerometers.
Global Accelerometer Market: Scope of Report
In terms of type, the global accelerometer market has been segmented into AC response (piezoelectric) and DC response. The DC response segment has been sub-divided into capacitive and piezoresistive. Based on end-use industry, the market has been divided into consumer electronics, automotive, health care, aerospace & defense, industrial, and others. The report provides region-wise segmentation of the global accelerometer market and categorizes it at various levels, thereby providing valuable insights at micro and macro levels.
The report also highlights the competition scenario in the global accelerometer market, ranking all major market players according to their geographical presence and key developments. Insights for the global market is a result of extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
In terms of country, North America has been classified into the U.S., Canada, and Rest of North America. Europe has been categorized into Germany, France, the U.K., and Rest of Europe. Asia Pacific has been segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa covers GCC, South Africa, and Rest of Middle East & Africa. South America comprises Brazil and Rest of South America. This report provides all strategic information required to understand the global accelerometer market along with its type, axis, and end-use industry segments. Additionally, the report provides insights related to the market in the regions mentioned above.
Global Accelerometer Market: Research Methodology
The research methodology is a combination of primary research, secondary research, and expert panel reviews. Secondary sources include annual reports, company websites, SEC filings, investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, and statistical databases.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the accelerometer market across different regions. Primary interviews are usually conducted on an ongoing basis with market experts and participants in order to obtain latest market insights and validate the existing data and analysis. Primary interviews offer new information on important factors such as market trends, market size, competition landscape, and growth trends. These factors help validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is discussed and examined by TMR’s expert panel.
Global Accelerometer Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global accelerometer market. Market players have been profiled in terms of attributes such as company overview, financial overview, SWOT analysis, business strategies, and recent developments. Key players operating in the global accelerometer market are Dytran Instruments Incorporated, Honeywell International, Inc., TE Connectivity, Kionix, Inc., Silicon Designs, Murata Manufacturing Co. Ltd., CTS Corporation, NXP Semiconductor, STMicroelectronics NV, Meggitt PLC, Safran SA, Northrop Grumman Corporation, Robert Bosch, Innalabs, and MTS System Corporation. These companies focus on expanding their business through strategic acquisitions and partnerships with several end-use industries.
The global accelerometer market has been segmented as follows: