
Accelerometers Market
Accelerometers Market Global Industry Assessment & Forecast
Segments Covered
By Product Analog Accelerometer, Digital Accelerometer
By Application Aerospace & Defense, Automotive, Industrial, Consumer Electronics, Others
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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2.14 Billion |
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3.1 Billion |
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4.4 |
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North America |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The global Accelerometers market was valued at USD
2.14 Billion in 2020 and is projected to reach USD 3.1 Billion by
2028, growing at a CAGR of 4.4% from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 3.1 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 4.4% |
Definition And Overview
An accelerometer is an instrument that measures appropriate acceleration. Legitimate acceleration is the acceleration (the rate of change of velocity) of a body in its own immediate rest frame; this is dissimilar from coordinate acceleration, which is acceleration in a fixed coordinate system. The
global Accelerometers market was valued at USD 2.14 Billion in 2020 and is
projected to reach USD 3.1 Billion by 2028, growing at a CAGR of 4.4%
from 2021 to 2028.
The
global Accelerometers market is segmented into product, application, regions, and
countries. The regional segmentation covers current and forecasts demand on the
basis of North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa. All the segments are analyzed on the basis of current and future
trends. The report covers a complete evaluation of the market based on competition,
drivers, restraints, opportunities, trends, and industry-authenticated data. The
market is estimated from 2016 to 2020 and forecast from 2021 to 2028.
COVID-19 Impact Analysis
Outbreak
of COVID-19 led various countries impose strict lockdown measures during the initial
stages of the pandemic. Numerous companies from different verticals faced
challenges due to remote work environments. As a result, companies from various
sectors switched to online/virtual platforms to maintain a steady flow in their
daily business activities. Impact of COVID-19 on the market demand is
considered while estimating the current and forecast market size and growth
trends for all the regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
Increasing adoption especially in high-end applications of MEMS accelerometers, led by their benefits such as small size, improved performance, and reduced power consumption, is anticipated to fuel the accelerometer market globally during the coming few years.
Increase in demand of growth of aerospace industry and enhancing accuracy in navigation also driving the growth of the market.
Costs and complexity involved continue to restrain the growth of accelerometer market globally.
Global Accelerometers Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Aeron, Honeywell, Ixblue, L3 Communications, Lord Microstain, MEMSIC, SBG Systems, Systron Donner, Inc., Trimble Navigation, Vectornav Technologies. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Product Analysis: Preview On the basis of Product,
the market is segmented into Analog Accelerometer, Digital Accelerometer. Analog Accelerometer held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Analog Accelerometer
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Accelerometers
market growth. Application
Analysis: Preview
Based on Application,
the market is segmented into Aerospace & Defense, Automotive, Industrial, Consumer Electronics, Others. Consumer Electronics held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Accelerometers in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Accelerometers Market: Product Segment Analysis
-
- Analog Accelerometer
- Digital Accelerometer
Global Accelerometers Market: Application Segment Analysis
-
- Aerospace & Defense
- Automotive
- Industrial
- Consumer Electronics
- Others
Regional Analysis Preview
On the basis of region, the global Accelerometers market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held a leading share of the global Accelerometers market in 2020. Some of the major countries contributing to the market growth are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is considered as the most lucrative country for market players. This is attributed to the presence of major companies operating in the region.
Market Size, 2021 (USD Billion)
Global Accelerometers Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Accelerometers market are Aeron, Honeywell, Ixblue, L3 Communications, Lord Microstain, MEMSIC, SBG Systems, Systron Donner, Inc., Trimble Navigation, Vectornav Technologies.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Key Highlights – Global Accelerometers Market
FAQ
Frequently Asked Question
What is the global demand for Accelerometers in terms of revenue?
-
The global Accelerometers valued at 2.14 Billion in 2020 and is expected to reach 3.1 Billion in 2028 growing at a CAGR of 4.4%.
Which are the prominent players in the market?
-
The prominent players in the market are Aeron, Honeywell, Ixblue, L3 Communications, Lord Microstain, MEMSIC, SBG Systems, Systron Donner, Inc., Trimble Navigation, Vectornav Technologies..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.4% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Accelerometers include
- Increasing adoption especially in high-end applications of MEMS accelerometers, led by their benefits such as small size, improved performance, and reduced power consumption, is anticipated to fuel the accelerometer market globally during the coming few years.
- Increase in demand of growth of aerospace industry and enhancing accuracy in navigation also driving the growth of the market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Accelerometers in 2020.