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

Report Code: PMI399720 | Publish Date: April 2024 | No. of Pages: 170

Global HighEnd Accelerometer Market By Overview

High-End Accelerometer Market was valued at US$ 282.6 Billion in 2024 and is projected to grow at a CAGR of 21.10% to reach US$ 1614.1 Billion by 2034.

An accelerometer is a sensor which is used to measures gravity as well as acceleration. It also provides a measurement of static, dynamic, or constant acceleration. Accelerometers can allow a high-frequency response, rugged in terms of design, is simple to the interface, and are accessible at a comparatively low cost due to developments in Micro-Electromechanical Systems technology. Accelerometers are being included in some consumer electronic products and devices; some of which include smartphones, media players, wearable devices, and gaming consoles to name a few.

Drivers and Restraints:

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. However, high maintenance costs, along with operational complexity associated with accelerometers are factors hampering the growth of the global market. 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.

Segmentation:

The high-end accelerometer market is segmented based on application and region.

Based on application, the high-end accelerometer market is segmented into tactical applications, navigational applications, industrial applications, and automotive applications.

On the region, the high-end accelerometer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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. Also, major companies in the North American region are investing on introducing and developing advanced and innovative accelerometers, especially in the U.S. This, in turn, is anticipated to drive the growth of the global market in the region over the forecast period. Asia Pacific market is expected to register a considerable growth rate shortly, which can be attributed to rising demand from the consumer electronics industry, high revenue share as well as growing industrialization, and rising populations and disposable income among consumers in countries in the region.

Key Players:   

The key players operating the high-end accelerometer market include Analog Devices, Sercel SA, Safran Colibrys, Innalabs Limited, Physical Logic AG, Sensonor AS, Tronics Microsystems (EPCOS), Bosch GmbH, Thales Group, and Honeywell International. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in February 2018, Innalabs Limited entered into a contract of EUR 2.6 million with the European Space Agency (ESA) to develop space technology. The Minister of State for Training, Skills, Innovation, Research and Development has proclaimed the development of Ireland's first national Space Strategy for Enterprise which will set out how Ireland can maximize the benefit of its investment in the ESA and the European Union's (EU) flagship space programmes, Copernicus, Galileo, and Horizon 2020.

Detailed Segmentation:

High-End Accelerometer Market, By Application:

  • Tactical Applications
  • Navigational Applications
  • Industrial Applications
  • Automotive Applications p2wJjZIQPQsi p2wJjZIQPQs

High-End Accelerometer Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa High-End Accelerometer Market, By Application
      • Middle East & Africa High-End Accelerometer Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America High-End Accelerometer Market, By Application
      • Latin America High-End Accelerometer Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific High-End Accelerometer Market, By Application
      • Asia Pacific High-End Accelerometer Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • RestofAsia Pacific                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    • Europe
      • Europe High-End Accelerometer Market, By Application
      • Europe High-End Accelerometer Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America High-End Accelerometer Market, By Application
    • North America High-End Accelerometer Market, By Country
      • U.S.
      • Canada

Company Profile:

  • Analog Devices
    • Company Overview
  • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sercel SA
  • Safran Colibrys
  • Innalabs Limited
  • Physical Logic AG
  • Sensonor AS
  • Tronics Microsystems (EPCOS)
  • Bosch GmbH
  • Thales Group
  • Honeywell International

“*” marked represents similar segmentation in other categories in the respective section

FAQs

The High-End Accelerometer Market is segmented into Application and Region.

Market growth is fueled by increasing applications in aerospace, automotive, and industrial sectors, technological advancements leading to improved sensor accuracy, and the rising demand for high-precision accelerometers in research and development.

Challenges include potential issues related to high costs, limited awareness and understanding of advanced accelerometer technologies, and the impact of economic fluctuations, influencing the global High-End Accelerometer Market.

North America is expected to dominate the market, driven by the region's strong presence in aerospace and defense, ongoing technological innovations, and the increasing use of high-end accelerometers in various applications. The concentration of key market players and research institutions contributes to North America's leading position in the global High-End Accelerometer Market.

The key players operating the target 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.