Consumer Electronics Segment Generating Demand for Inertial Sensors

London, UK, August 31, 2011 -- A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Global Inertial Sensor market is expected to grow at a CAGR of 12.9 percent.

The report, which covers the Americas as well s the EMEA and APAC regions, indicates that the market is being driven by growing demand from the Consumer Electronics segment.

According to Technavio’s industry analyst, “With developments in MEMS technology, inertial sensors have become smaller, lighter, and less expensive. They also consume less power. This, coupled with the growing demand for increased functionality and enhanced user experience in electronic devices, means that the Consumer Electronics segment has become a key market for inertial sensors. Vendors in the Consumer Electronics segment are using these sensors to develop smaller, reliable, efficient and low-cost handheld products and motion-sensing applications.”

The report also highlights that the lack of product differentiation is hindering the growth of this market. However, the decreasing price of these sensors is expected to keep driving the market. These sensors are also being integrated with a growing variety of innovative applications in the Aerospace, Automobile, and Consumer Durables industries.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio’s report, Global Inertial Sensor Market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including Bosch Group GmbH, STMicroelectronics, Kionix, and Freescale Semiconductor.

For further information and to obtain your copy of this report, please visit http://www.technavio.com/content/global-inertial-sensor-market-2010-2014. Follow us on Twitter: @technavio for daily updates.

About Technavio

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This release was published on openPR.