Global Accelerometer & Gyroscope Market was valued US$ 3.39 Bn in 2017 and is expected to reach US$ 4.36 Bn by 2026 at a CAGR of 4.23% during the forecast period.
Key factors driving the growth of global Accelerometer and Gyroscope Market include increase in demand for consumer electronics, rise in number of vehicles globally, and high military spending. However, low accuracy is a major restraint to this market. Increase in automation for vehicles and low power consumption & small size are anticipated to create new opportunities for the expansion in accelerometer & gyroscope industry.
3-axis accelerometers and gyroscopes hold the largest share of market and the same trend is expected to continue during forecast period. This is for the reason that of the growing level of integration which is helping manufacturers to integrate several functionalities in one system to reduce the number of components per device and to decrease the size and weight of the global product, for which 3-axis devices are highly suitable.
Consumer electronics segment dominated with more than XX% share in global accelerometer & gyroscope market, as they are used in smartphones, laptop, and notebook computers. If a laptop falls off suddenly then, accelerometer placed near hard disk guards it by sensing the fall, and saves read head of hard disks from shattering by turning it off. In mobile phones, these sensors are used to provide features like better image, shock sensing, scrolling feature, gaming control, activation of silent mode, and motion dialing. The rapid rise in sale of consumer electronic equipment globally drive the need for accelerometers & gyroscopes.
Asia Pacific is estimated to demonstrate most significant development in the accelerometer and gyroscope market within the figure time frame because of the expanding number of automobiles. As Asia Pacific is emerging as the manufacturing hub applications such as automotive and consumer electronics, the accelerometer and gyroscope market to holds a comparatively large market share in the Asia Pacific region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, power rate, application and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Accelerometer & Gyroscopemarket. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Scope of Global Accelerometer & Gyroscope Market
Global Accelerometer & Gyroscope Market, By Type
Global Accelerometer & Gyroscope Market, By Dimension
Global Accelerometer & Gyroscope Market, By Industry Vertical
Global Accelerometer & Gyroscope Market, By Region
Key players operating in Global Accelerometer & Gyroscope Market
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