G Meter Market trends:
The automotive application sector holds the dominating share in the market with approximately 38% market share owing to increasing demand for driver’s safety and improving standards of vehicle manufacturing. Moreover, inclination of prominent players in the G meters market towards adoption of miniaturized and compact accelerometer devices to prolong the device life and reduce the installation cost in the automotive sector.
Moreover, IOT enabled G meters is the key opportunity factor expected to dominate the automotive industry during the forecast period lowing to increasing inclination of automotive manufacturers towards comfort providing and ensure safety standards.
According to Robert Bosch GmbH, G Meter Market is expected to dominate the automotive, transportation, and military industries during the forecast period owing to the chain of products available in the market and flexible G Meter designs along with improving standards of manufacturing. According to Sales experts, sales are expected to reach approximately 2 billion units worldwide during the forecast period owing to digitization in the industries.
North America is the dominating region in the market owing to well established the infrastructure of LED lights in passenger and luxury cars segment and supply chain management in the region with the growing inclination of manufacturers towards integrated device manufacturing technology. Moreover, rising adoption towards development inefficient product integration in the region is the key supporting factor considered to drive the growth of the region. APAC market is expected to register CAGR of approximately 4% owing to increasing investment of key players in the region along with increasing demand for G meters in hybrid format. Moreover, increasing adoption of G meters in military and defence sector in the region is the key supporting factor considered to drive the regional growth European regional market is expected to boost during the forecast period owing to increasing economic growth in the region. Germany, UK and France are the dominating countries in the region expected to register CAGR of approximately 6.2% during the forecast period owing to well established semiconductors industry in the region and increasing transportation capabilities for race car manufacturers in the regional market.
In a recent research report by Maximize Market Research, the G Meter Market is expected to surpass US $XX million by the year 2026, from US $XX million in 2019.
Despite a huge decline in the sales of G Meter during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 7%, during the tenure of 2020 – 2026.
The study is consolidated on the basis of three major segments and further into sub-segments, Product Type (piezo resistive, piezo electric and MEMS), Application (aerospace and defence, healthcare, transportation, automotive, consumer electronics and others), Dimensions (single axis, 2 dimensional axis and 3 dimensional axis) and device interface (analog, digital and hybrid) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- NXP Semiconductors N.V, Murata Manufacturing Co. Ltd., Colibrys, Ltd., Honeywell International, Inc., ST Microelectronics N.V., Analog Devices, Inc., KVH Industries, Inc., Robert Bosch GmbH, TDK InvenSense, Northdrop Grumman, Falcon Gauge, Belite Aircraft, QWD, Chief Aircraft, MGL Avionics, Grand Rapids Technologies
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global G Meter Market.”
https://www.maximizemarketresearch.com/market-report/global-g-meter-market/110141/
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