Market Insights Reports delivers key insights on the Accelerometer market in its latest report titled, “Accelerometer Market – Growth, Trends, COVID-19 Impact, And Forecasts (2021 – 2026)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The Accelerometer Market registered a CAGR of 2.97% over the forecast period 2021 – 2026.
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Top Key Players in the Global Accelerometer Market: Analog Devices, Robert Bosch, Honeywell, TDK, Rockwell Automation, STMicroelectronics, NXP Semiconductors, Northrop Grumman, Meggitt, Murata Manufacturing, Safran Colibrys, Kearfott, Al Cielo and Others.
– April 2019 – iXblue’s iXal A5 was introduced as a first navigation-grade accelerometer dedicated to high-performance applications. The iXal A5 can be used in various high-performance civil and defense applications, including land, air, surface, and underwater navigation, guidance, bridge monitoring, and stability, as well as offshore drilling platform monitoring.
– April 2019 – STMicroelectronics launched STM32GO for smarter industrial applications. STM32 has a microcontroller, an accelerometer, a MEMS microphone in the industrial IoT development kit. This development kit is useful for proactive maintenance for manufacturing equipment as it detects slight changes at early stages of failure before serious damage or expense.
Key Market Trends:
Aerospace and Defense Industry to Account for a Significant Share in the Market
– The defense application is expected to create a significant demand for accelerometers, owing to the increasing adoption of high-end accelerometers in small-diameter missiles, underwater navigators, and unmanned aerial vehicles and also increasing beneficiaries of high-end MEMS sensors in military applications.
– Furthermore, high-end MEMS accelerators are being deployed along with gyroscopes in inertial navigation applications to calculate the direction and speed of defense applications, such as ships, aircraft, submarines, guided missiles, and spacecraft.
– To meet the increasing demand for IMUs and AHRS systems for military applications, market players are producing custom MEMS-based accelerometers, with enhanced bias stability.
– The military spending trends will drive the growth of the market and the United States has the largest spending in the military and defense sector and therefore the largest market for accelerometers.
Top Line Market Forecast:
Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2015 to 2019 historically and from 2020 to 2026 forecast, it also includes the impact of Covid-19 both on the short- and long-term prospects of the industry.
Browse Complete Report details with Table of Content:
North America to Dominate the Market
– North America is witnessing a growth in the development of new high-performance accelerometers as companies in the region are investing in introducing advanced and innovative accelerometers. The increased spending by the US defense is the major factor driving the growth of accelerometers in the region.
– With this rise, the country also focuses on precision-guided munitions (PGMs), such as laser-guided bombs and cruise missiles that have become the weapons of choice for the US military, providing a high degree of accuracy while avoiding widespread collateral damage.
– These applications demand high performance, compact form factor, a ruggedized accelerometer to improve tactical IMUs for long duration guidance without GPS.
– North America is also a pioneer in the adoption of IoT which will also drive the growth of the market in the region.
This Accelerometer Market report addresses:
– The Market size from 2016-2021
– Expected market growth until 2026
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place
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Post Covid-19 Analysis:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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