Accelerometer and Gyroscope Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Accelerometer and Gyroscope Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Accelerometer and Gyroscope Market: Snapshot

Accelerometers and gyroscopes are sensing devices used to obtain the lateral as well as longitudinal position of an object. The utility of accelerometers and gyroscopes has been enhanced by the rising use of electronic location tracking systems and the development of a technological web based on the ability of commonly used consumer devices to provide constant location tracking info about the user. Consumer electronic devices such as smartphones have become the key application segment for the global accelerometer and gyroscope market in recent years and is likely to continue as the key contributor to the market in the near future.

Rising defense expenditure is also a major driver for the global accelerometer and gyroscope market, as the utility of location tracking in defense operations has become widely recognized of late and has led to widespread installation of accelerometers and gyroscopes on military equipment. The booming aerospace sector, in particular, is a key contributor to the accelerometer and gyroscope market, as gyroscopes are a vital component of aircraft navigation systems and are used in almost every modern aircraft.

Due to the concentration of end uses of accelerometers and gyroscopes n urban avenues such as consumer electronics and automobiles, the rapid urbanization across the developing world is likely to remain a key driver for the global accelerometer and gyroscope market in the coming years. The consistent technological advancement in urban infrastructure in developed regions is also likely to remain crucial for the market over the coming years. The development of the self-driving vehicles sector is likely to make the automotive industry a key consumer in the accelerometer and gyroscope market.

Global Accelerometer and Gyroscope Market: Overview

Various types of sensing devices are used to determine the position, rotation, and trajectory of an object, with gyroscope and accelerometer as the most common sensory devices. Although both gyroscope and accelerometer are similar in purpose, the former helps in determining orientation of an object while the other measures gravitational acceleration. Collectively, accelerometer and gyroscope profile variety of essential information when combined into a single device. Accelerometers are now commonly used in a variety of consumer electronic items such as smartphones while a gyroscope helps an aircraft in determining the rate of rotation around the aircraft roll axis. Increasing usages of these devices in several sectors including defense and consumer electronics is ensuring that global market for accelerometer and gyroscope will expand at a healthy CAGR during the forecast period of 2017 to 2025. 

This report on global accelerometer and gyroscope market analyzes the dynamics such as drivers, restraints, trends, and opportunities, and aims to serve as an asset for the existing and new players. It also contains a dedicated section on company profiles wherein several key players of the market have been studied for their market share, product range, and recent strategic developments. The global market for accelerometer and gyroscope can be segmented on the basis of type, dimensions, application, and geography. By type, accelerometers can be segmented into MEMS, piezoelectric, piezoresistive, and others including mechanical accelerometers. On the other hand, type segments of gyroscope can be MEMS, ring laser, fiber-optic, hemispherical, dynamically tuned, and others including gyrostat. By dimension, the market can be categorized into 1 axis, 2 axis, and 3 axis. By application, the segment of low-end application is bifurcated into transportation and electronics while high-end applications can be defense, aerospace, remotely operated vehicle, industrial, and medical. Geographically, the report studies the opportunities available in regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. 

Global Accelerometer and Gyroscope Market: Trends and Opportunities

Increasing defense expenditure across the world is the primary driver of this market. Besides that, factors such as growing usage of accelerometer and gyroscope in end-user industries, emergence of advanced and compact MEMS technology, strict regulations for automotive industry pertaining to safety and security, and growing adoption of automated processes in industries and homes will further augment the demand. Previously, a relatively smaller part of the developed world utilized these devices but now, several emerging economies are extending the demand, owing to rapid urbanization. This factor is also expected to positively reflect on the global market. 

The demand for high-end applications of gyroscope and MEMS accelerometer are anticipated to expand at the most prominent growth rate during the forecast period, while 3-axis accelerometers and gyroscopes serve maximum demand in terms of dimension segment. This can be attributed to growing level of integration in the manufacturing sector in order to reduce number of components per device and weight of overall product, for which 3-axis devices are almost ideal. 

Global Accelerometer and Gyroscope Market: Region-wise Outlook

The region of Asia Pacific currently serves the maximum demand for accelerometer and gyroscope, which is attributed to newly made manufacturing units for low-end applications such as consumer electronics and automotive in the region. North America and Europe are expected to remain moderate regional markets during the forecast period. 

Companies mentioned in the research report

Some of the key vendors in global accelerometer and gyroscope are Honeywell International, Inc., Colibrys Ltd., Fizoptika Corp., Analog Devices Inc., InnaLabs, KVH Industries, Inc., InvenSense, Inc., Kionix, Inc., Murata Manufacturing Co., Ltd., NXP Semiconductors N.V., Robert Bosch GmbH, Northrop Grumman LITEF GmbH, Sensonsor AS, STMicroelectronics N.V., and Systron Donner Inertial.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.