High-End Accelerometer Market worth US$ 1614.1 Billion by 2034 with a CAGR of 21.10%

Increasing demand and adoption for MEMS technology-based accelerometers in high-end applications coupled with growing awareness about the technology's properties such as low power consumption and small size are primary factors projected to drive the growth of the high-end accelerometer market. Additionally, rising demand for accelerometers in the automotive industry to enhance the reliability of automotive systems, reduce costs, and enhance vehicle and device performance is another factor expected to boost the growth of the target market over the forecast period. Moreover, the rapid adoption of accelerometers in portable devices and the increasing number of vehicles worldwide is also propelling the growth of the target market. Rising adoption of high-end accelerometers in unmanned aerial vehicles, underwater navigators, small-diameter missiles, and growing demand for smart sensors in hardware components for military applications is anticipated to fuel the growth of the global market to a significant extent. Nevertheless, high integration of sensors and Internet of Things (IoT) in accelerometers can help to increase the scope of industrial application worldwide, and create high potential growth opportunities for vendors operating in the global market over the forecast period.

The report "High-End Accelerometer Market, By Application (Tactical Applications, Navigational Applications, Industrial Applications, and Automotive Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034. 

Key Highlights:

• In March 2018, ADI proclaimed two new low noise and high-frequency MEMS accelerometers manufactured mainly for industrial condition monitoring applications. The ADXL1001 and ADXL1002 MEMS accelerometers provide high-resolution vibration measurements essential for early detection of bearing faults and other common causes of machine failure
• In March 2018, THALES SA declared that it entered into a public-private partnership with the Canadian Government in the ultra-high-speed communications infrastructure that will focus on innovation and research. The company will leverage its leading R&D investments to drive 5G technology developments.

Key Market Insights from the report:        

The high-end accelerometer market accounted for US$ 1614.1 Billion by 2034 and is projected to register a moderate CAGR of 21.10% over the forecast period. The market report has been segmented based on application and region.

• By Application, the tactical application segment occupied the highest market share, of
• 34.4% in 2017, and it is expected to reach USD 86.76 million by 2023, at a CAGR of 4.4% over the forecast period.
• By Region, North America accelerometers market is projected to estimate for the majority share in terms of revenue in the global market and is estimated to witness a significant growth rate over the forecast period. This is mainly attributed to newer and more advanced technologies, development of new high-performance accelerometers as well as advancements about existing devices and technologies.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “High-End Accelerometer Market”, By Application (Tactical Applications, Navigational Applications, Industrial Applications, and Automotive Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

The prominent player operating in the High-End Accelerometer market includes Analog Devices, Sercel SA, Safran Colibrys, Innalabs Limited, Physical Logic AG, Sensonor AS, Tronics Microsystems (EPCOS), Bosch GmbH, Thales Group, and Honeywell International.

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