Accelerometer and Gyroscope Market Overview:
Global Accelerometer and Gyroscope Market was valued at $3 billion in 2015, and is projected to reach $5 billion by 2022, growing at a CAGR of 7.0% during the forecast period. An accelerometer is a sensor that processes physical acceleration felt by any object, owing to inertial forces or automated excitation. It is an electromechanical device that calibrates acceleration forces. A gyroscope is a device used to control the angular movement of a mechanical object.
Key factors that drive the growth of the global Accelerometer and Gyroscope Market include increase in demand for consumer electronics, rise in number of vehicles globally, and high military spending. However, low accuracy acts as a restraining factor to this growth. Increase in automation for vehicles and low power consumption & small size are anticipated to create new opportunities for the expansion in accelerometer & gyroscope industry.
The global Accelerometer and Gyroscope Market is segmented on the basis of type, dimension, industry vertical and geography.
Global Accelerometer and Gyroscope Market Segmentation
Top Impacting Factors
Rise in Number of Vehicles Globally, 2010-2017
In modern-age automobiles, accelerometers are mounted on several protection systems. Abrupt braking during accidents activates the airbags. On the other hand, in several advanced cars, automotive gyroscopes serve numerous diverse purposes, usually mounted on skid-prevention systems. The gyroscope is positioned close to the vehicle’s center of gravity to sense the balance of a vehicle. They are also used together with accelerometers in electronic stability control (ESC) systems, which help to maintain the vehicle level when it moves on a corner at speed, and roll sensors, which identify that the vehicle has finally rolled over so the airbags can be activated. The graph shown above indicates that there has been a considerable rise in the number of cars sold globally in recent years. This fuels the demand in the accelerometers & gyroscope industry as these sensors are used inside vehicles on a large scale.
North America is Expected to be the Most Lucrative Region
The North American Accelerometer and Gyroscope Market is expected to grow at the highest CAGR, owing to the presence of several developed nations, which have high military spending and also, rise in use of Internet of Things (IoT).
The report provides a comprehensive analysis of major market players and the prominent strategies adopted by them. The key players include Analog Devices, Inc., Honeywell International Inc., InvenSense, Inc., KIONIX, Inc., Murata Manufacturing Co., Ltd., Northrop Grumman LITEF GmbH, NXP Semiconductors, Robert Bosch GmbH, Sensonor AS, and STMicroelectronics.
- The study provides an in-depth analysis of the global Accelerometer and Gyroscope Market to elucidate the prominent investment pockets.
- Current trends and future estimations are outlined to determine the overall market scenario.
- The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- Geographically, the market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
Accelerometer and Gyroscope Market Key Segmentation
- MEMS Accelerometer
- Piezoelectric Accelerometer
- MEMS Gyroscope
- Fiber-Optic Gyroscope (FOG)
- Ring Layer Gyroscope (RLG)
By Industry Vertical
- Consumer Electronics
- Aerospace & Defense
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Analog Devices, Inc.
- Honeywell International Inc.
- InvenSense, Inc.
- KIONIX, Inc.
- Murata Manufacturing Co., Ltd.
- Northrop Grumman LITEF GmbH
- NXP Semiconductors
- Robert Bosch GmbH
- Sensonor AS
Other Players in the Value Chain Include (profiles not included in the report):
- Fizoptika Corp.
- Innalabs Holding Inc.
- Kionix, Inc.
- Systron Donner Inertial