Accelerometer Market by Type (Analog and Digital), Application (Automotive, Industrial, Consumer Electronics, Aerospace & Defense and Others) and Region (APAC, North America, Europe, MEA and South America) – Global Forecast 2023-2029.

Published on: Jan 2023
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Accelerometer Market Overview

The global accelerometer market is projected to reach USD 5.23 billion by 2029 from USD 3.74 billion in 2022, at a CAGR of 3.8% during the forecast period. An accelerometer is a device that measures vibration or acceleration of motion of a structure. The force produced by vibration or a change in motion (acceleration) causes the mass to “squeeze” the piezoelectric material, resulting in an electrical charge proportional to the force applied to it. Since the charge is proportional to the force and the mass is constant, the charge is proportional to the acceleration as well. These sensors are used in a variety of applications, from space stations to handheld devices, and chances are you already own a device that contains an accelerometer.

An accelerometer is now found in almost all smartphones. They inform the phone whether it is being accelerated in any direction, and they are the reason why your phone’s display turns on when you flip it. Accelerometers aid engineers in understanding the stability of a machine and allow them to monitor for any unwanted forces/vibrations.

ATTRIBUTE	DETAILS
Study period	2022-2029
Base year	2022
Estimated year	2023
Forecasted year	2023-2029
Historical period	2019-2021
Unit	Value (USD Billion)(Thousand Units)
Segmentation	By Type, By Application, By Region
By Type	Analog Digital
By Application	Automotive Industrial Consumer Electronics Aerospace & Defense Others
By Region	Asia Pacific Europe North America South America Middle East and Africa

The global accelerometer market is expected to grow as a result of factors such as rising defense spending around the world and rising demand from the consumer electronics industry. Furthermore, the growth of the autonomous vehicle sector fuels the accelerometer market. Through the use of micro-fabrication and micro-machining techniques, the emergence of MEMS technology has resulted in the miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors. This has aided accelerometers’ rapid adoption in portable devices, as they provide enhanced capabilities in a small unit size. Furthermore, demand for high-end IMUs is being driven by the commercial aerospace sector.

MEMS accelerators are also used in inertial navigation applications to determine the direction and speed of ships, aircraft, submarines, guided missiles, and spacecraft. High-acceleration accelerometers have largely replaced the fragile high-end electromechanical devices. With this increase comes a greater emphasis on precision-guided munitions (PGMs), such as laser-guided bombs and cruise missiles, which have become the weapons of choice for the US military, providing a high degree of accuracy while avoiding widespread collateral damage. These applications necessitate high performance, a small form factor, and a ruggedized accelerometer to improve tactical IMUs for long-term navigation without GPS.

However, the low accuracy of accelerometer sensors is a significant global market restraint. Moreover, the integration of accelerometers on devices may raise the cost of the device. Along with increasing the device’s cost, the accelerometer increases the complexity of a device to be fabricated on. Furthermore, the emergence of COVID-19 has had a significant impact on the accelerometer and gyroscope market, resulting in the shutdown of manufacturing units worldwide. However, due to a surge in consumer device adoption around the world, the market is expected to grow significantly in the coming years.

Accelerometer Market | Exactitude Consultancy

Accelerometer Market Segment Analysis

On the basis of type, the accelerometer market is segmented into analog and digital. The analog accelerometer is primarily used in the automotive industry for functions such as stability and traction control. It can also be used to calculate lateral acceleration during vehicle collisions. Due to its integration with other sensor technologies such as gyroscopes and magnetometers, the digital accelerometer has a broader scope than its predecessor. This helps improve accuracy and performance when calculating motion directions in three-dimensional space. Following these advancements in recent years, the applications of this device have grown dramatically.

The global accelerometer market is categorized into automotive, industrial, consumer electronics, aerospace & defense and others by application. One of the most common applications for accelerometers is automotive. With the introduction of new models such as electric vehicles, hybrid cars, and self-driving cars in recent years, the automotive industry has undergone many changes. While driving a car, accelerometers provide feedback on various sensors such as steering wheel sensors. Consumer electronics include smartphones, tablets, and other portable devices. Accelerometers are used in these products to detect motion, such as in gaming controls. In some cases, multiple accelerometers are present on a single device, each performing a different function. This can lead to greater accuracy from data collected by both sensors at the same time. Accelerometers are used in several aerospace & defense applications as well owing to the increasing adoption of high-end accelerometers in small-diameter missiles, underwater navigators, and unmanned aerial vehicles and also increasing beneficiaries of high-end MEMS sensors in military applications.

Accelerometer Market Players

The key market players of accelerometer market include Analog Devices Inc. (U.S.), Colibrys Ltd. (Switzerland), Fizoptika Corp. (Russia), Honeywell International Inc. (U.S.), InnaLabs (Ireland), InvenSense, Inc. (U.S.), Kionix, Inc. (U.S.), KVH Industries, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Northrop Grumman LITEF GmbH (Germany), NXP Semiconductors N.V. (Netherlands). New strategies such as product launches, enhancements, partnerships, collaborations, and strategic acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the market.

Who Should Buy? Or Key Stakeholders

Aerospace
Defense
Accelerometer Manufacturers
Accelerometer Suppliers
Consumer Electronics
Automotive Industry
Others

Accelerometer Market Regional Analysis

Geographically, the Accelerometer market segmented into Asia Pacific, North America, Europe, South America and Middle East & Africa (MEA). In terms of volume, North America is expected to dominate the market during the forecast period. North America is seeing an increase in the development of new high-performance accelerometers as the region’s companies invest in introducing advanced and innovative accelerometers. The increased defense spending by the United States is the primary driver of accelerometer growth in the region.

Asia Pacific: includes China, Japan, South Korea, India, Australia, and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, and Rest of Europe
North America: includes the US, Canada, Mexico
South America: Brazil and Rest of South America
Middle East & Africa: includes Saudi Arabia, South Africa, and Rest of MEA

Key Market Segments: Global Accelerometer Market

Accelerometer Market by Type, 2022-2029 (In USD Million) (In Thousand Units)

Analog
Digital

Accelerometer Market by Application, 2022-2029 (In USD Million) (In Thousand Units)

Automotive
Industrial
Consumer Electronics
Aerospace & Defense
Others

Accelerometer Market by Region, 2022-2029 (In USD Million) (In Thousand Units)

Asia Pacific
Europe
North America
South America
Middle East and Africa

Important Countries in All Regions Are Covered.

Key Question Answered

What is the current scenario of the global accelerometer market?
What are the emerging technologies for the development of accelerometer market?
What are the historical size and the present size of the market segments and their future potential?
What are the major catalysts for the market and their impact during the short, medium, and long terms?
What are the evolving opportunities for the players in the market?
Which are the key regions from the investment perspective?
What are the key strategies being adopted by the major players to up their market shares?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions and Limitations
Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources
Executive Summary
Market Overview
1. Global Accelerometer Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact Of Covid-19 On Accelerometer Market
3. Porter’s Five Forces Model
  1. Threat From New Entrants
  2. Threat From Substitutes
  3. Bargaining Power Of Suppliers
  4. Bargaining Power Of Customers
  5. Degree Of Competition
4. Industry Value Chain Analysis
Global Accelerometer Market By Type
1. Analog
2. Digital
Global Accelerometer Market By Application
1. Automotive
2. Industrial
3. Consumer Electronics
4. Aerospace & Defense
5. Others
Global Accelerometer Market By Region
1. North America
  1. US
  2. Canada
2. Latin America
  1. Brazil
  2. Argentina
  3. Mexico
3. Europe
  1. UK
  2. Germany
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest Of Europe
4. Asia Pacific
  1. China
  2. Japan
  3. South Korea
  4. India
  5. Australia
  6. South-East Asia
  7. Rest Of Asia Pacific
5. Middle East and Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest Of Middle East and Africa

Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)

1. 1. Analog Devices Inc.
  2. Colibrys Ltd.
  3. Fizoptika Corp.
  4. Honeywell International Inc.
  5. InnaLabs
  6. InvenSense Inc.
  7. Kionix Inc.
  8. KVH Industries Inc.
  9. Murata Manufacturing Co. Ltd.
  10. Northrop Grumman LITEF GmbH
  11. NXP Semiconductors N.V.

*The Company List Is Indicative

LIST OF TABLES

TABLE 1 GLOBAL ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 2 GLOBAL ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 3 GLOBAL ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 4 GLOBAL ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 5 GLOBAL ACCELEROMETER MARKET BY REGION (USD MILLIONS) 2020-2030

TABLE 6 GLOBAL ACCELEROMETER MARKET BY REGION (THOUSAND UNITS) 2020-2031

TABLE 7 US ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 8 US ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 9 US ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 10 US ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 11 CANADA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 12 CANADA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 13 CANADA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 14 CANADA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 15 MEXICO ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 16 MEXICO ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 17 MEXICO ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 18 MEXICO ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 19 BRAZIL ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 20 BRAZIL ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 21 BRAZIL ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 22 BRAZIL ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 23 ARGENTINA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 24 ARGENTINA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 25 ARGENTINA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 26 ARGENTINA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 27 COLOMBIA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 28 COLOMBIA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 29 COLOMBIA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 30 COLOMBIA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 31 REST OF SOUTH AMERICA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 32 REST OF SOUTH AMERICA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 33 REST OF SOUTH AMERICA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 34 REST OF SOUTH AMERICA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 35 INDIA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 36 INDIA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 37 INDIA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 38 INDIA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 39 CHINA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 40 CHINA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 41 CHINA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 42 CHINA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 43 JAPAN ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 44 JAPAN ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 45 JAPAN ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 46 JAPAN ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 47 SOUTH KOREA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 48 SOUTH KOREA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 49 SOUTH KOREA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 50 SOUTH KOREA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 51 AUSTRALIA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 52 AUSTRALIA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 53 AUSTRALIA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 54 AUSTRALIA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 55 SOUTH-EAST ASIA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 56 SOUTH-EAST ASIA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 57 SOUTH-EAST ASIA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 58 SOUTH-EAST ASIA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 59 REST OF ASIA PACIFIC ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 60 REST OF ASIA PACIFIC ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 61 REST OF ASIA PACIFIC ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 62 REST OF ASIA PACIFIC ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 63 GERMANY ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 64 GERMANY ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 65 GERMANY ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 66 GERMANY ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 67 UK ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 68 UK ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 69 UK ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 70 UK ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 71 FRANCE ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 72 FRANCE ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 73 FRANCE ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 74 FRANCE ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 75 ITALY ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 76 ITALY ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 77 ITALY ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 78 ITALY ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 79 SPAIN ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 80 SPAIN ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 81 SPAIN ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 82 SPAIN ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 83 RUSSIA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 84 RUSSIA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 85 RUSSIA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 86 RUSSIA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 87 REST OF EUROPE ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 88 REST OF EUROPE ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 89 REST OF EUROPE ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 90 REST OF EUROPE ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 91 UAE ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 92 UAE ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 93 UAE ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 94 UAE ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 95 SAUDI ARABIA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 96 SAUDI ARABIA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 97 SAUDI ARABIA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 98 SAUDI ARABIA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 99 SOUTH AFRICA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 100 SOUTH AFRICA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 101 SOUTH AFRICA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 102 SOUTH AFRICA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

TABLE 103 REST OF MIDDLE EAST AND AFRICA ACCELEROMETER MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 104 REST OF MIDDLE EAST AND AFRICA ACCELEROMETER MARKET BY TYPE (THOUSAND UNITS) 2020-2029

TABLE 105 REST OF MIDDLE EAST AND AFRICA ACCELEROMETER MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 106 REST OF MIDDLE EAST AND AFRICA ACCELEROMETER MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL ACCELEROMETER MARKET BY TYPE, USD MILLION, 2020-2030

FIGURE 9 GLOBAL ACCELEROMETER MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 10 GLOBAL ACCELEROMETER MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 11 PORTER’S FIVE FORCES MODEL

FIGURE 12 NORTH AMERICA ACCELEROMETER MARKET SNAPSHOT

FIGURE 13 EUROPE ACCELEROMETER MARKET SNAPSHOT

FIGURE 14 SOUTH AMERICA ACCELEROMETER MARKET SNAPSHOT

FIGURE 15 ASIA PACIFIC ACCELEROMETER MARKET SNAPSHOT

FIGURE 16 MIDDLE EAST ASIA AND AFRICA ACCELEROMETER MARKET SNAPSHOT

FIGURE 17 MARKET SHARE ANALYSIS

FIGURE 18 ANALOG DEVICES INC.: COMPANY SNAPSHOT

FIGURE 19 COLIBRYS LTD.: COMPANY SNAPSHOT

FIGURE 20 FIZOPTIKA CORP.: COMPANY SNAPSHOT

FIGURE 21 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT

FIGURE 22 INNALABS: COMPANY SNAPSHOT

FIGURE 23 INVENSENSE INC.: COMPANY SNAPSHOT

FIGURE 24 KIONIX INC.: COMPANY SNAPSHOT

FIGURE 25 KVH INDUSTRIES INC.: COMPANY SNAPSHOT

FIGURE 26 MURATA MANUFACTURING CO. LTD.: COMPANY SNAPSHOT

FIGURE 27 NORTHROP GRUMMAN LITEF GMBH: COMPANY SNAPSHOT

FIGURE 28 NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT

What is the worth of global accelerometer market?

The Accelerometer market size had crossed USD 3.74 Billion in 2022 and will observe a CAGR of more than 3.8% up to 2029. The accelerometer market has grown significantly in recent years, owing primarily to the factors such as rising defense spending around the world and rising demand from the consumer electronics industry.

What is the CAGR of accelerometer market?

The global Accelerometer market registered a CAGR of 3.8% from 2023 to 2029. Over the forecast period, the use of accelerometers in automotive industry is expected to skyrocket.

Which are the top companies to hold the market share in accelerometer market?

What are the restraining factors of growth of accelerometer market?

Accelerometer sensor low accuracy is a significant global market restraint. Furthermore, the incorporation of accelerometers on devices may increase the device’s cost.

Which is the largest regional accelerometer market?

The North America region controls the global accelerometer market owing to an increase in the development of new high-performance accelerometers as the region’s companies invest in introducing advanced and innovative accelerometers.

What are the applications of accelerometer?

Accelerometer is used for applications in various industries such as automotive, industrial, consumer electronics, aerospace & defense and others.

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