The global accelerometer and gyroscope market was valued at $2.61 billion in 2020, and is projected to reach $4.03 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030. An accelerometer is an analog device capable of measuring acceleration on all the three axes. This device allows the processor to estimate the speed of the device or quickly respond to sudden impacts. A gyroscope is an instrument that can calculate angular speed of the device. Accelerometers and gyroscopes are used for position sensing across various applications, such as airplane and ground vehicles. In addition, these sensors are used in artificial legs for specially abled people to regulate accurate body movements and in the entertainment business for video gaming. In intricate systems, such as satellites, international space stations, and space vehicles, an inertial navigation system consisting of combination of accelerometers and gyroscopes.
Growth of the global accelerometer and gyroscope market is anticipated to be driven by factors such as continuously growing defense expenditure across globe and rising demand from the consumer electronics industry. Moreover, rapid development of the autonomous vehicle sector notably contributes toward the growth of the global accelerometer and gyroscope market. However, low accuracy of accelerometer and gyroscope sensors acts as a major restraint for the global accelerometer and gyroscope market. On the contrary, surge in adoption of automation in industries & homes and high demand from Asia-Pacific are expected to open new avenues for the expansion of the accelerometer and gyroscope industry during the forecast period.
The global accelerometer and gyroscope market is segmented into type, dimension, industry vertical, and region. By type, the market is bifurcated into accelerometer and gyroscope. On the basis of dimension, it is fragmented into 1-axis, 2-axis, and 3-axis. Depending on industry vertical, it is categorized into consumer electronics, automotive, aerospace & defense, industrial, healthcare, and others.
Region wise, the accelerometer and gyroscope market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific dominated the accelerometer and gyroscope market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth in the automotive segment. Also, Asia-Pacific is expected to witnesses significant growth by the end of the forecast period, followed by LAMEA. The key players operating in the market include Analog Devices Inc., Honeywell International Inc., InvenSense, Northrop Grumman, NXP Semiconductors, Robert Bosch, Infineon Technologies AG, STMicroelectronics, Kionix Inc., and Murata Manufacturing Co.
Growth of the global accelerometer and gyroscope market is anticipated to be driven by factors such as continuously growing defense expenditure across globe and rising demand from the consumer electronics industry. Moreover, rapid development of the autonomous vehicle sector notably contributes toward the growth of the global accelerometer and gyroscope market. However, low accuracy of accelerometer and gyroscope sensors acts as a major restraint for the global accelerometer and gyroscope market. On the contrary, surge in adoption of automation in industries & homes and high demand from Asia-Pacific are expected to open new avenues for the expansion of the accelerometer and gyroscope industry during the forecast period.
The global accelerometer and gyroscope market is segmented into type, dimension, industry vertical, and region. By type, the market is bifurcated into accelerometer and gyroscope. On the basis of dimension, it is fragmented into 1-axis, 2-axis, and 3-axis. Depending on industry vertical, it is categorized into consumer electronics, automotive, aerospace & defense, industrial, healthcare, and others.
Region wise, the accelerometer and gyroscope market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific dominated the accelerometer and gyroscope market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth in the automotive segment. Also, Asia-Pacific is expected to witnesses significant growth by the end of the forecast period, followed by LAMEA. The key players operating in the market include Analog Devices Inc., Honeywell International Inc., InvenSense, Northrop Grumman, NXP Semiconductors, Robert Bosch, Infineon Technologies AG, STMicroelectronics, Kionix Inc., and Murata Manufacturing Co.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global accelerometer and gyroscope market size along with current trends and future estimations to depict imminent investment pockets.
- The overall accelerometer and gyroscope market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current accelerometer and gyroscope market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the accelerometer and gyroscope market share of key vendors.
- The report includes the market trends and the market share of key vendors.
Key Market Segments
By Type
- Accelerometer
- Gyroscope
By Dimension
- 1-Axis
- 2-Axis
- 3-Axis
By Industry Vertical
- Consumer Electronics
- Automotive
- Aerospace And Defense
- Industrial
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Taiwan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Analog Devices Inc.
- Honeywell International Inc.
- Tdk Invensense.
- Kionix, Inc
- Murata Manufacturing Co. Ltd.
- Infineon Technologies Ag
- Northrop Grumman Corporation
- NXP Semiconductors N.V.
- Stmicroelectronics N.V.
- Robert Bosch Gmbh
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ACCELEROMETER & GYROSCOPE MARKET, BY TYPE
CHAPTER 5: ACCELEROMETER & GYROSCOPE MARKET, BY DIMENSION
CHAPTER 6: ACCELEROMETER & GYROSCOPE MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: ACCELEROMETER & GYROSCOPE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Accelerometer & Gyroscope Market,' the accelerometer and gyroscope market size was valued at $2.61 billion in 2020, and is estimated to reach $4.03 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.Accelerometer is a type of sensor that measures physical acceleration of the device in relation to the free fall in one direction. An accelerometer equipped in modern devices is tri-axial, which has three dedicated units aligned with each direction to measure acceleration along them. Gyroscope senses angular movement along one rotational direction. In complex systems such as satellites, space vehicles, and missiles, inertial navigation system is used by the combination of accelerometers and gyroscopes.
Continuously growing defense expenditure across globe and rising demand from the consumer electronics industry act as the key driving forces of the global accelerometer and gyroscope market. Moreover, expansion of the autonomous vehicle sector fuels the market growth. However, low accuracy of accelerometer and gyroscope sensors acts as a major deterrent factor of the global market. On the contrary, rise in adoption of automation in industries & homes and high demand from Asia-Pacific are expected to create lucrative opportunities for the growth of the accelerometer and gyroscope industry in the near future.
Moreover, developing nations tend to witness high penetration of accelerometer and gyroscope products, especially in healthcare and aerospace & defense sectors, which is anticipated to augment the market growth. Factors such as high military spending accelerates the accelerometer and gyroscope market growth.
The global accelerometer and gyroscope market is segmented into type, dimension, industry vertical, and region. By type, the market is classified into accelerometer and gyroscope. On the basis of dimension, it is segregated into 1-axis, 2-axis, and 3-axis. Depending on industry vertical, it is categorized into consumer electronics, automotive, aerospace & defense, industrial, healthcare, and others. The accelerometer and gyroscope market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. Also, the report provides a detailed accelerometer and gyroscope market analysis based on competitive intensity and how the competition will take shape in coming years.
Region wise, the accelerometer and gyroscope market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed maximum revenue in 2020. Also, between 2020 and 2030, the accelerometer and gyroscope market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from emerging economical countries such as India, China, Japan, Taiwan, and South Korea.
Key findings of the Study
- The accelerometer segment is projected to be the major type, followed by gyroscope.
- Asia-Pacific and North America collectively accounted for more than 66% of the accelerometer and gyroscope market share in 2020.
- India is anticipated to witness highest growth rate during the forecast period.
- U.S. was the major shareholder in the North America accelerometer and gyroscope market, accounting for approximately $ 67% share in 2020.
- Depending on industry vertical, the consumer electronics segment generated the highest revenue in 2020. However, the others segment is expected to witness the highest growth rate in the future.
- Region wise, the accelerometer and gyroscope market was dominated by Asia-Pacific. Also, Asia-Pacific is expected to witness significant growth in the coming years.
Companies Mentioned
- Analog Devices Inc.
- Honeywell International Inc.
- Tdk Invensense.
- Kionix, Inc
- Murata Manufacturing Co. Ltd.
- Infineon Technologies Ag
- Northrop Grumman Corporation
- NXP Semiconductors N.V.
- Stmicroelectronics N.V.
- Robert Bosch Gmbh
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 216 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 2.61 billion |
| Forecasted Market Value ( USD | $ 4.03 billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
