Accelerometer and Gyroscope Market Overview:
Accelerometers detect linear movement of a device in a particular direction, as well as the overall acceleration of the device, which includes gravity’s static acceleration when an object is not moving. A gyroscope, on the other hand, measures angular movements of devices around each axis. Applications for accelerometers and gyroscopes include navigation, automotive, and consumer electronics. The sensors are widely used in airbags to activate them during a crash, in gaming consoles to enable better motion control, in several phones to recognize tap gestures, and in electronic devices to rotate the screen automatically.
A surge in consumer electronics demand, high military spending, and an increase in vehicles worldwide affect the accelerometer and gyroscope market growth. A low level of accuracy in accelerometers and gyroscopes restricts the accelerometer and gyroscope market’s growth. Increasing production of autonomous vehicles will create lucrative opportunities for the market, however. Increasing defense expenditures across the globe and rising consumer electronics demand are expected to drive growth of the global accelerometer and gyroscope industry. Accelerometers and gyroscopes market growth is further driven by the development of autonomous vehicles. Global market growth is hampered by low accuracy of accelerometer and gyroscope sensors.
Accelerometers and gyroscopes are expected to grow in popularity worldwide with an increase in automation in industries & homes and a high demand from Asia-Pacific. There has been a significant impact on society and the overall economy as a result of COVID-19. There is a significant impact from this outbreak and it is affecting businesses worldwide. Moreover, the crisis is creating uncertainty in the stock market, leading to a decline in business confidence, a massive slowdown in supply chains, and a rise in panic among consumers.
Data is currently the most valuable asset in the world. With many global-level organizations collecting huge volumes of data, electronic devices comprising of high computing power are used for processing and managing such data. As per the Semiconductor Industry Association, the memory segment is the largest growing segment of the semiconductor industry with sales of DRAM and NAND flash products on a rise along with the sales of microprocessors which shall assist in the further proliferation of the semiconductor industry. The introduction of 5G technology has opened new avenues for the growth of this industry considering its utilization in developing an IoT-friendly infrastructure in tech-based applications. With advancements in chip designing technologies per Moore's law has further aided in the fragmentation of the global semiconductor industry.
The assessment of the Accelerometer and Gyroscope Market is performed based on factors, like for instance, the business expansion policies of key players, competitive analysis of the progress of new entrants and emerging players, the revenue, financial, and opportunity analysis of important market players. The Accelerometer and Gyroscope Market is also analyzed based on the regional segmentation, product type or technique, end-user spectrum, etc. This research will be conducted with the implementation of advanced market research techniques which shall help organizations evaluate the overall market scenario and strategize accordingly.
Major players included in the Accelerometer and Gyroscope Market:
• Robert Bosch GmbH
• Stmicroelectronics N.V.
• Analog Devices, Inc.
• Colibrys Ltd.
• Honeywell International, Inc.
• Northrop Grumman Litef GmbH
• KVH Industries, Inc.
• Murata Manufacturing Co., Ltd.
• NXP Semiconductors N.V.
• Invensense, Inc.
• Kionix, Inc.
• Fizoptika Corp.
• Innalabs Holding Inc.
• Sensonor AS
• Systron Donner Inertial
(Note: The list of the major players will be updated with the latest market scenario and trends)
Accelerometer and Gyroscope Market Segmentation:
By Type
• Accelerometer
o MEMS Accelerometer
o Piezoelectric Accelerometer
o Piezoresistive Accelerometer
o Others
• Gyroscope
o MEMS Gyroscope
o Ring Laser Gyroscope (RLG)
o Fiber-Optic Gyrocope (FOG)
o Hemispherical Resonator Gyroscope (HRG)
o Dynamically Tuned Gyroscope (DTG)
o Others
By Dimension
• 1 Axis
• 2 Axis
• 3 Axis
By Application
• Low-End Application
o Transportation
o Railway
o Automotive
o Electronics
o Smartphones, Tablets, and Laptops
o Wearable Devices
o Portable Navigation Devices (PNDS)
o Portable Media Players
o Digital Cameras
o Other Electronic Devices
o Others
o Home Automation
o IoT
o Structural Health Monitoring
• High-End Application
o Defense
o Aerospace
o Commercial Aircraft
o Military Aircraft
o Spacecraft
o Remotely Operated Vehicle (ROV)
o Unmanned Underwater Vehicle (UUV)
o Unmanned Aerial Vehicle (UAV)
o Unmanned Ground Vehicle (UGV)
o Industrial
o Stabilization
o Flow/Level Sensors
o Others
o Medical
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Accelerometer and Gyroscope Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Accelerometer and Gyroscope Market by type, by dimension, by application and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
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