Market Size of Accelerometer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.97 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Accelerometer Market Analysis
The Accelerometer Market registered a CAGR of 2.97% over the forecast period 2021 - 2026. The emergence of the MEMS technology has resulted in the miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors, through the use of micro-fabrication and micro-machining techniques. This has supported the rapid adoption of accelerometers in portable devices, as they offer enhanced capabilities in small unit size.
- The tactical grade of modern high-end accelerometers has penetrated into various defense applications market.
- Moreover, the demand in the commercial aerospace sector is also driving the demand for high-end IMUs. Boeing's aerospace study revealed that over the next three decades, there would be a demand for 35,200 new jet aircraft, globally.
- Furthermore, MEMS accelerators are used in inertial navigation applications to calculate the direction and speed of ships, aircraft, submarines, guided missiles, and spacecraft. High accelerometers have replaced the fragile high-end electromechanical devices.
- However, the fusion of accelerometers on devices may increase the cost of a device. Along with the cost of the device, the accelerometer increases the complexity of a device to be fabricated on to a device.
