Low-power MEMS Accelerometer Market - Introduction
An accelerometer is a device that measures the acceleration of an object created by the inertial forces or due to mechanical action. Accelerometers are constructed to measure shocks and vibrations for a different range of applications. Accelerometers are generally used with the gyroscopes for the navigation guidance. It is one of the most general type of inertial sensor. Low-power MEMS accelerometer allows advanced power saving and performs smart embedded functions. These low power MEMS accelerometer draws 10 times less current than that of the existing accelerometers.
Low-power MEMS Accelerometer Market - Competitive Landscape
Incorporated in 1987, STMicroelectronics N.V. is headquartered at Geneva, Switzerland. The company designs and manufactures standard and discrete components, integrated circuits, semi and full custom devices, sensors (accelerometers) standard products for digital, analog and mixed signal applications. The company invests heavily on research and development with approximately 16000 owned patents in all electronics segments, providing solutions in smart driving and IoT applications.
NXP Semiconductors N.V.
Founded in 1953, NXP Semiconductors N.V. is headquartered at Netherlands. The company operates as a global semiconductor company and designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking. The company offers products such as automotive products, processors & microcontrollers, identification & security, media &audio, power management, rf, sensors and wireless connectivity.
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Analog Devices, Inc.
Founded in 1965, Analog Devices, Inc. is headquartered in Norwood, Massachusetts, United States. The company designs, manufactures, and markets a broad portfolio of high performance analog, mixed-signal, and digital signal processing (DSP) integrated circuits (ICs) used in virtually all types of electronic equipment. The company offers products such as amplifiers, A/D & D/A convertors, industrial Ethernet, power management, processors and DSP, sensors and MEMS and others. The company servers around 100,000 customers across the globe associated with the signal processing equipment.
Incorporated in 1910, Hitachi Ltd. is headquartered at Tokyo, Japan. Hitachi Ltd. is one of the leading multinational conglomerate company. The comp any offers its solution in different industrial sectors such as IT solution, energy solution, industry solution, mobility solution, and smart life solution. The company operates globally in regions America, Asia, Europe, Middle East & Africa and Oceania. The company has designed a high sensitivity low-power MEMS accelerometer that detects extremely weak ground and building vibrations with the combination of sophisticated MEMS technology with the circuit technology.
Robert Bosch GmbH
Founded in 1886 Robert Bosch is headquartered at Germany. The Company offers auto spare parts, mobility, home appliances, and industrial products, as well as business process outsourcing, drive and control technology, energy, and building solutions. Bosch Sensortech, the unit of Robert Bosch GmbH has designed ultra-low power accelerometer for wearables and IoT applications.
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Low-power MEMS Accelerometer Market - Dynamics
Increasing Demand for Low Power MEMS Accelerometer to Sustain the Growth of Low-power MEMS Accelerometer Market
Increasing demand for the low power consumption devices such as MEMS accelerometer in the military and medical applications has contributed towards the growth of the low-power MEMS accelerometer market. In military and medical applications the MEMS accelerometers are required to perform more efficiently and under critical situations should save the battery for long use. Also, as the market for internet of things have been in full pace, the demand for low power MEMS accelerator is increasing thus boosting the growth of the low-power MEMS accelerometer market. One of the major factors that restricts the growth of the market is the high sensitivity. However, the increasing demand by the users for the low-power MEMS accelerometer in various electronic appliances will enable the manufacturers and the system designers to develop and design the new algorithms enhancing the motion sensing experience, thereby helping to grow the global low power MEMS accelerator market.
Low-power MEMS Accelerometer Market – Segmentation
The Low-power MEMS Accelerometer market can be bifurcated on the basis of:
- End Use Industry
Low-power MEMS Accelerometer Market Segmentation – By Application
Depending on the application, the Low-power MEMS Accelerometer market can be divided into:
- Smart Meters
- Home Appliances
- Asset Tracking Applications
- Gaming & Remote Controls
- Wearable Devices
Low-power MEMS Accelerometer Market Segmentation - By End Use Industry
On the basis of the end use industry, the Low-power MEMS Accelerometer market can be fragmented into:
- Consumer Electronics
- Military & Defense
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.