G Meter Market : Global Industry Analysis and Forecast (2023-2029)

G Meter Market was valued nearly US$ 5.87 Bn. in 2022. G Meter Market size is estimated to grow at a CAGR of 7.13% & is expected to reach at US$ 9.51 Bn. By 2029.
G Meter Market Overview:
The Global G Meter Market Research Report is a thorough examination of the industry, market, and key players. The demand & supply sides of the market were segmented in the analysis. The Global G Meter research also includes a competitive landscape and trends by market segments, technology, and investment.

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Accelerometers are another name for G meters. It's a type of electromechanical device that's made in a stand-alone arrangement. Furthermore, there is a requirement for engine management systems such as Haltech & Fueltech, as well as a data gathering & data logging system for measuring G forces in the car for drag racing. The major use of accelerometers that contributes to the growth of the G meter market is calculating the rate of change of acceleration of any mass. During the forecast period, the global G meter market is expected to grow at a CAGR of around 7.13%.
G Meter Market Trends:
Increased use of G meters in the aerospace and defence industry, as well as rising demand for automotive design engineers and manufacturers to calculate shocks and vibrations on the engine and vehicle body in order to provide shock proof bodies for consumers, are factors expected to propel the market forward. Furthermore, the growing need for navigation and source guidance in automobiles to determine the vehicle's speed by drivers and racers is a major factor driving the market's expansion. Murata Manufacturing Co. Ltd. recently announced the release of the Lonissimmo MHM line of smart accelerometers for aeroplanes and racing automobiles, including Ferrari, Bugatti, and others, in 2022.

The high cost of maintaining G meters as load variables on the body increase is a major stumbling block to the market's expansion. Furthermore, rising privacy concerns about data collecting by G meters and how it will be utilised in the future are thought to be a stumbling block to the market's expansion. The primary constraint that is projected to impede market growth during the forecast period is the additional installation cost borne by consumers. The primary element likely to provide chances for manufacturers in the market is enabling IoT services built in accelerometers. Furthermore, the primary area of development projected to contribute to the market growth dynamics throughout the forecast period is digital turbulent G force manoeuvring the system.
G Meter Market Segments Overview:
The increasing implementation of integrated G meters with Microelectromechanical systems, as well as the reduction in size, are important drivers expected to propel the MEMS segment forward in the market. Furthermore, the growing influence of G meters over MEMS-driven systems such as rovers, micro drones, and military applications in emerging economies is a significant supportive factor expected to boost the segment's growth over the projection period. Due to increased government investment in drones & military technologies, the MEMS market accounted for around 500 Mn USD.

The growing demand for automobile speed measurement in forward & reverse directions for automotive applications, as well as mapping characteristics in aviation and drones applications, are contributing to the segment's rise. Furthermore, rising usage of the horizontal axial G meter segment in passenger and commercial vehicle manufacturers is expected to fuel the sector's growth in the market over the forecast period. The horizontal axial G meter accounted for about 1.1 Bn USD in the year 2022, according to MMR.

Future of the G meter market: Hybrid G meters:

In a hybrid G meter, analogue and digital meter are combined into a single unit. Data logging between mean and peak acceleration is provided by hybrid accelerometers, which display it in digital format and store it in analogue format in the device. The primary technological component projected to offer chances for prominent industry players is IoT-enabled device specification modification. Hybrid G meter sold around 5 million units in 2022 & are projected to grow at an annual rate of around 8% throughout the forecast period.

The impact of the COVID epidemic on the G Meter market is as follows:

The COVID epidemic had a significant impact on the market, as the automotive sector was severely harmed during the pandemic. Furthermore, due to strict lockdown circumstances, production capacities in the mechanical automation industry have diminished. Furthermore, a lack of supply to inventories around the world as a result of transportation and shipments failures during the pandemic is a crucial supportive factor that is expected to slow the market's growth. Reopening of G Meter production facilities post-pandemic & restoring transportation capabilities across the globe, owing to increased manufacturing activities by key market players and rescheduling of shipments halted during the pandemic period towards inventories and distributors across the globe, are factors expected to drive market growth during the forecast period. Furthermore, post-pandemic demand for miniaturization has increased in the automotive industry, and manufacturers are developing more micro mechanical devices to meet the demand requirements for consumers throughout the world, which is predicted to increase demand for G meters.
Regional Overview:
In the G Meter market, North America has the largest share. The exponential growth of digital G meters in the region is a major driver driving market expansion. Furthermore, manufacturers' increased interest in research and development in G Meter manufacturing is a key supportive aspect expected to propel the market forward. Furthermore, the wide range of G meters applications in the region, including the aerospace, automobile, and military sectors, is a driver driving market expansion. With an estimated 18 % market share, APAC is likely to be the fastest-growing region in the G Meter Market. The region's market growth is attributed to the region's progressive adoption of innovative products in the vehicle sector. Manufacturers are primarily focusing on the adoption of speed calculation devices in passenger automobiles and commercial vehicles, with China leading the market, followed by India and Japan.

Due to strong technological adoptions in the transportation and automotive sectors, as well as manufacturers' rising predisposition toward the manufacturing of tiny components, Europe occupies a significant part of the market. Manufacturing of advanced gadgets in Europe, particularly in the racing car segment, is a significant supportive element that is expected to boost the market's growth over the forecast period.

The objective of the report is to present a comprehensive analysis of the G Meter 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 report also helps in understanding the G Meter Market dynamics, structure by analyzing the Market segments and project the G Meter Market size. Clear representation of competitive analysis of key players by Operation, price, financial position, Operation portfolio, growth strategies, and regional presence in the G Meter Market make the report investor’s guide.
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G Meter Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 5.87 Bn.


Forecast Period 2022 to 2029 CAGR:
7.13%
Market Size in 2029:
US $ 9.51  Bn.


 Segments Covered:
by Type
MEMS G Meter
Piezoelectric G Meter
Piezoresistive G Meter


by Application
Consumer Electronics
Aerospace and Defense
Automotive
Healthcare
General Industries



By Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
G Meter Market Key Players
1. Murata Manufacturing
2. Honeywell
3. NXP Semiconductors
4. Analog Devices
5. TDK
6. Safran Colibrys
7. KVH Industries
8. Northrop Grumman
9. Robert Bosch
10. STMicroelectronics
11. Rockwell Automation
12. Meggitt
13. Kearfott
14. Al Cielo.

FAQ’S:

1) What is the share of the Global G Meter Market in 2022?
Answer: The Global G Meter Market was accounted for 5.87 Bn in the year 2022.

2) Which Type segment is dominating the Global G Meter Market?
Answer: Piezoelectric G Meter segment is the dominating Type segment in the market.

3) What are the key players in the Global G Meter Market?
Answer: Murata Manufacturing, Honeywell, NXP Semiconductors, Analog Devices
TDK, Safran Colibrys, KVH Industries, Northrop Grumman, Robert Bosch, STMicroelectronics, Rockwell Automation, Meggitt, Kearfott, Al Cielo.

4) Which factor acts as the driving factor for the growth of the G Meter Market?
Answer: The major factors for the growth of the Global G Meter market includes increasing demand for installation of navigation and source guidance in vehicles to identify the speed of the vehicle.