Press release
Global Mems Accelerometer and Gyroscope Market Net Worth USD 4.35 Billion by 2025 | Top Players: Analog Devices, Inc., Honeywell International Inc., InvenSense, Inc., KIONIX, Inc., Murata Manufacturing Co., Ltd., Northrop Grumman LITEF GmbH, NXP Semicondu
Global Mems Accelerometer and Gyroscope Market
In the year 2016, Global Mems Accelerometer and Gyroscope Market were valued at USD 1.55 Billion. By the year 2025, it is expected to reach USD 4.35 Billion at a CAGR of 12.15%.
An accelerometer is a compact device designed to measure non-gravitational acceleration. A gyroscope is a device that uses Earth's gravity to help determine orientation. The utility of accelerometers and gyroscopes has been enhanced by the rising use of electronic location tracking systems and the development of a technological web based on the ability of commonly used consumer devices to provide constant location tracking info about the user. Increasing electronic devices such as smartphones have become the key application segment for the global accelerometer and gyroscope market. The combination of accelerometers and gyroscopes is used in complex systems like satellites, space vehicles, and missiles, inertial navigation systems.
Browse details of research report developed on Global Mems Accelerometer and Gyroscope Market @ https://www.researchcosmos.com/reports/global-mems-accelerometer-and-gyroscope-market-forecast-2016-2025-industry-analysis-report/8699218
Underlying Causes
The Global Mems Accelerometer and Gyroscope Market is mainly driven due to the factors like growing demand for consumer electronic devices, rising number of vehicles across the globe, increasing investments in the defense sector, introduction of advanced consumer applications, advancement of technologies in electronics and automobiles industry, and increasing installation of accelerometers and gyroscopes in aerospace sector. However, the low accuracy of these sensors is the restraining factors which may affect the market growth for Global Accelerometer and Gyroscope Market during the forecast period.
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Geographic Segmentation:
Based on geography the Mems Accelerometer and Gyroscope Market have been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. Asia-Pacific region has the largest market share in the Global Accelerometer and Gyroscope Market due to the increasing share in the electronics market, rising investments in the defense budget and increase in industrialization in the developing countries of this region. North America is the second largest market for Accelerometer and Gyroscope Market followed by Europe due to growing industrial and home automation, adoption of various applications, increasing investment in the defense sector during the forecast period.
Key Players:
Leading companies for Global Mems Accelerometer and Gyroscope Market are Analog Devices, Inc., Honeywell International Inc., InvenSense, Inc., KIONIX, Inc., Murata Manufacturing Co., Ltd., Northrop Grumman LITEF GmbH, NXP Semiconductors, Robert Bosch GmbH, Sensonor AS, and STMicroelectronics.
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