Accelerometer & Gyroscope Market: Global Industry Analysis and Forecast (2024-2030)

Accelerometer & Gyroscope Market size was valued nearly US$ 3.25 Bn. in 2023 and is expected to grow at a CAGR of 5.21 % over 2024-2030, to account for US$ 4.65 Bn. in 2030.
Accelerometer & Gyroscope Market Overview:
The accelerometer & gyroscope are electromechanical devices that measure and evaluate an object's acceleration and orientation, respectively. They can be used separately or in combination to generate a large amount of data. Automobiles and consumer electronics sectors both make substantial use of such devices.To know about the Research Methodology :- Request Free Sample Report

The accelerometer & gyroscope market is primarily influenced by factors such as advancements in customer hardware invasion and the growing number of automobiles. The demand for shopper electronics has increased over time. Nearby, the number of vehicles on the road is gradually increasing, and as a result, the accelerometer and gyroscope market is rapidly growing. Expanding spending on the barrier division plays a significant role in the development of the top-of-the-line accelerometer and gyroscope market, as evidenced by the growing demand for hardware upgraded with smart sensors for various military applications, such as route, satellite receiving wire positioning, and others.

Countries involved in the conflict spend a lot of money on top-of-the-line military equipment. One of the major doors open for the accelerometer and gyroscope market is improvements in vehicle robotization. However, accelerometers and gyroscopes have a poor level of precision, which is restricting the market's growth.
Accelerometer & Gyroscope Market Segmentation:
The MMR report covers all segments in the Accelerometer & Gyroscope market such as Type, Dimension, and Industry Vertical.

3-Axis Segment is expected to account for the Largest 62.56% Market Share By 2030.

Based on the Dimension, the 3-Axis is projected to grow at the highest CAGR of 6.54% over 2024-2030 and reach US$ xx Bn. by 2030. This can be attributed to the increased level of integration, which is leading manufacturers to combine many features into one system in order to reduce the amount of components per device and the total product's size and weight, which 3-axis devices are well suited for. In 2023, the 1-axis accelerometer and gyroscope market held the second highest share, and by 2030, the 2-axis accelerometer and gyroscope market is expected to exceed it.

Gyroscope is expected to grow at the largest CAGR of xx% during the forecast period.

By types, the gyroscopes segment is projected to witness the highest CAGR of 6.84% during 2024-2030. This growth is driven by the increasing level of integration which is driving manufacturers to integrate various functionalities in one system to reduction the number of components per device and to reduce the size and weight of the overall product, for which 3 axis devices are very suitable.
Accelerometer & Gyroscope Market Regional Insights:
North America accounted for the largest market share in 2023, with a market value of US$ xx Bn; the regional market is expected to register a CAGR of 5.77% during 2024-2030. Companies in North America are investing in introducing improved and novel accelerometers, resulting in an increase in the development of new high-performance accelerometers. The United States' rising defence spending is a primary driver of accelerometer growth in the region. As a result of this increase, the US is focusing on precision-guided munitions (PGMs), such as laser-guided bombs and cruise missiles, which have become the weapons of choice for the US military, giving high levels of accuracy while avoiding massive collateral damage.

Competitive Landscape:

The competitive landscape section in the Accelerometer & Gyroscope market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights on the key developments, differential strategies, and other crucial aspects about the companies having a stronghold in Accelerometer & Gyroscope market globally. Such as,

 Honeywell is releasing a new generation of small inertial measurement units (IMUs) called the HG1125 and HG1126 inertial measurement units (IMUs) in 2021 for both commercial and military use.

 In 2021, Murata Manufacturing Co., Ltd. released the SCHA600, a 6-DOF XYZ-Axis Gyroscope and XYZ-Axis Accelerometer with Digital SPI Interface, a new MEMS (Micro-Electro-Mechanical Systems) 6DoF (Six Degrees of Freedom) inertial sensor.

The objective of the report is to present a comprehensive analysis of the global Accelerometer & Gyroscope Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Accelerometer & Gyroscope Market dynamic, structure by analyzing the market segments and projecting the Accelerometer & Gyroscope Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Accelerometer & Gyroscope Market make the report investor’s guide.
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Accelerometer & Gyroscope Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 3.25 Bn.


Forecast Period 2024 to 2030 CAGR:
5.21 %
Market Size in 2030:
US $ 4.65 Bn.


 Segments Covered:
by Dimension
1-Axis
2-Axis
3-Axis


by Type
Accelerometer
Gyroscope


by Industry Vertical
Consumer Electronics
Automotive
Aerospace & Defense
Industrial
Healthcare



Accelerometer & Gyroscope Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Accelerometer & Gyroscope Market Key Players
1. Analog Devices, Inc.
2. Honeywell International Inc.
3. InvenSense, Inc.
4. KIONIX, Inc.
5. Murata Manufacturing Co., Ltd.
6. Northrop Grumman LITEF GmbH
7. NXP Semiconductors
8. Robert Bosch GmbH
9. Sensonor AS
10. STMicroelectronics
11. Fizoptika Corp.
12. Innalabs Holding Inc.
13. Kionix, Inc.
14. Systron Donner Inertial
15. Colibrys Ltd

Frequently Asked Questions:

1] What segments are covered in the Accelerometer & Gyroscope Market report?
Ans. The segments covered in the Accelerometer & Gyroscope Market report are based on Type, Dimension and Industry Vertical.

2] Which region is expected to held the highest share in the Accelerometer & Gyroscope Market?
Ans. North America region is expected to held the highest share in the Accelerometer & Gyroscope Market.

3] What is the market size of the Accelerometer & Gyroscope Market by 2030?
Ans. The market size of the Accelerometer & Gyroscope Market by 2030 is US$ 4.65 Bn.

4] What is the forecast period for the Accelerometer & Gyroscope Market?
Ans. The forecast period for the Accelerometer & Gyroscope Market is 2024-2030.

5] What was the market size of the Accelerometer & Gyroscope Market in 2023?
Ans. The market size of the Accelerometer & Gyroscope Market in 2023 was US$ 3.25 Bn.