Widespread Application of Accelerometers to Stimulate the Demand for MEMS Accelerometers Across End-Users
The MEMS accelerometers market is set to grow with a promising CAGR of 4.8% during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, the MEMS accelerometers market is majorly driven by the wide application area of these accelerometers. Since their invention in 1979, MEMS accelerometers have found wide application across various end-users. MEMS accelerometers are incorporated into numerous electronic devices, such as media players, gaming devices, simulation devices, and other wireless electronic devices. In a recent trend, smartphones are using MEMS accelerometers for step counters, user interface control, and screen rotation applications. Similarly, camcorders use an accelerometer for image stabilization and anti-blur image capture. Further, MEMS accelerometers find application in contactless game controllers. IBM and Apple have recently started using MEMS accelerometers in laptops for the protection of hard drives from damage. Further, these accelerators are used for detecting car crashes and deploying airbags at the right time. MEMS accelerators are used to detect vehicle collisions by detecting rapid negative acceleration.MEMS accelerometers also find real-time application in controlling and monitoring military and aerospace systems such as direct and indirect fire, aviation-launched and ship-launched missiles, rockets, and projectiles, among others. Such a wide application area, along with constant technological advancements, is expected to drive the MEMS accelerometer market in the following years.
Market Synopsis
Three-axis MEMS Accelerometers to See Rapid Adoption Throughout the Forecast Period
Three-axis MEMS accelerometers offer numerous advantages, such as detailed machine condition monitoring, greater signal integrity, a smaller size, and others. These MEMS accelerometers find primary applications in dealing with vibrations in the low-frequency range. The transition from piezoelectric sensors to MEMS-based sensors alleviated many of the limitations of existing systems for embedded and handheld condition monitoring. Other various application systems in which three-axis MEMS accelerometers play a vital role include leveling and alignment systems, inertia measurement units for heavy machinery, navigation systems, automatic guided vehicles (AGV), and construction and surveying tools. With benefits offered by three-axis accelerometers compared to other accelerometers, the segment is expected to witness promising growth in the coming years.
Significant End-User Industry Growth to Ensure Asia Pacific MEMS Accelerometers Market Growth
At the moment, the Asia-Pacific market accounts for the largest share of the global MEMS accelerometers market value. The region is also expected to exhibit comparatively higher market growth throughout the forecast period, principally due to the development of end-user industries. For example, Asia Pacific accounts for more than 30% of the global production of light motor vehicles. Similarly, in 2018, China was the leading market value-generating nation in the global consumer electronics market, accounting for more than 30% of the global market value in the same year. Furthermore, the industrial sector is based in Asia-Pacific markets. With swift growth, end-use industries, along with the growing penetration of MEMS accelerometers, are expected to witness comparatively higher growth across the globe.
Accelerometer Technological Advancement Will Remain a Key Strategy for MEMS Accelerometer Manufacturers
The MEMS accelerometers market is profoundly fragmented in nature, with the presence of both international and domestic players. A number of players are aiming for the technological advancement of products to specialize in explicit application areas. For instance, in April 2017, Analog Devices, Inc. announced its two latest high-frequency and low-noise MEMS accelerometers designed explicitly for industrial condition monitoring applications. Similarly, Robert Bosch GmbH announced an edition of the MEMS accelerometer designed especially for automotive applications such as navigation and e-call services, vehicle dynamics data logging, car alarms, and others. Key players in the global MEMS accelerometers market include Analog Devices, Inc., Robert Bosch GmbH, Honeywell International Inc., TDK Corporation, iXBlue SAS, Kearfott Corporation, AI Cielo Inertial Solutions Ltd., Meggitt PLC, Northrop Grumman LITEF GmbH, STMicroelectronics, Silicon Sensing Systems Ltd., Rockwell Automation, Inc., Murata Manufacturing Co., Ltd., Safran Colibrys SA, MEMSIC Inc., and others.
Periods of History and Forecast
This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The MEMS accelerometers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global MEMS accelerometers market based on accelerometer type, end-user, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of MEMS accelerometers in 2017, and what is the forecast up to 2026?
Which is the largest regional market for MEMS accelerometers?
What are the key market trends observed in the MEMS accelerometers market and the outlook for the electromechanical industry?
Which are the most promising accelerometer type and end-user in the MEMS accelerometer market?
Who are the key players leading the market?
What are the key strategies adopted by the leading players in the market?
What are the key end-user trends across different geographies and sub-geographies?
Frequently Asked Questions:
The market for MEMS Accelerometers is expected to reach XX Mn in 2026.
The MEMS Accelerometers market is expected to see significant CAGR growth over the coming years, at 4.8% .
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Analog Devices, Inc.,Robert Bosch GmbH,Honeywell International Inc.,TDK Corporation,IXBlue SAS are some of the major players in the global market.
