Accelerometer Market 2022 Company Business Overview and Forecast to 2027

The Accelerometer market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Accelerometer Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

Competitive Landscape: Analog Devices Inc.,  Robert Bosch GmbH,  Honeywell International Inc.,  Northrop Grumman LITEF GmbH,  STMicroelectronics,  InvenSense (TDK Group company),  Rockwell Automation Inc.,  iXblue SAS,  Kearfott Corporation(Astronautics Corporation of America),  Al Cielo Inertial Solutions Ltd,  Meggitt Orange County Inc.(Dun & Bradstreet Corporation),  Silicon Sensing Systems Limited(Collins Aerospace and Sumitomo Precision Products),  Atlantic inertial systems Ltd(AIS Global Holdings LLC) and Others

Industry News:

- April 2019 - iXblue's iXal A5 was introduced as a first navigation-grade accelerometer dedicated to high-performance applications. The iXal A5 can be used in various high-performance civil and defense applications, including land, air, surface, and underwater navigation, guidance, bridge monitoring, and stability, as well as offshore drilling platform monitoring.
- April 2019 - STMicroelectronics launched STM32GO for smarter industrial applications. STM32 has a microcontroller, an accelerometer, a MEMS microphone in the industrial IoT development kit. This development kit is useful for proactive maintenance for manufacturing equipment as it detects slight changes at early stages of failure - before serious damage or expense.

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Scope of the Report:

The Accelerometer Market is expected to register a CAGR of 2.97% over the forecast period 2022 - 2027.

- The tactical grade of modern high-end accelerometers has penetrated into various defense applications market.
- Moreover, the demand in the commercial aerospace sector is also driving the demand for high-end IMUs. Boeing's aerospace study revealed that over the next three decades, there would be a demand for 35,200 new jet aircraft, globally.
- Furthermore, MEMS accelerators are used in inertial navigation applications to calculate the direction and speed of ships, aircraft, submarines, guided missiles, and spacecraft. High accelerometers have replaced the fragile high-end electromechanical devices.

Key Market Trends:

Aerospace and Defense Industry to Account for a Significant Share in the Market
- The defense application is expected to create a significant demand for accelerometers, owing to the increasing adoption of high-end accelerometers in small-diameter missiles, underwater navigators, and unmanned aerial vehicles and also increasing beneficiaries of high-end MEMS sensors in military applications.
- Furthermore, high-end MEMS accelerators are being deployed along with gyroscopes in inertial navigation applications to calculate the direction and speed of defense applications, such as ships, aircraft, submarines, guided missiles, and spacecraft.
- To meet the increasing demand for IMUs and AHRS systems for military applications, market players are producing custom MEMS-based accelerometers, with enhanced bias stability.

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North America to Dominate the Market
- North America is witnessing a growth in the development of new high-performance accelerometers as companies in the region are investing in introducing advanced and innovative accelerometers. The increased spending by the US defense is the major factor driving the growth of accelerometers in the region.
- With this rise, the country also focuses on precision-guided munitions (PGMs), such as laser-guided bombs and cruise missiles that have become the weapons of choice for the US military, providing a high degree of accuracy while avoiding widespread collateral damage.

Regional Analysis for Accelerometer Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Accelerometer Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about Accelerometer report coverage:

- A complete background analysis, which includes an assessment of the Global Accelerometer Market.

- Important changes in Accelerometer market dynamics

- Accelerometer Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Accelerometer market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Accelerometer industry developments

- Accelerometer Market shares and strategies of key players

- Emerging niche Accelerometer segments and regional markets

- An objective assessment of the trajectory of the Accelerometer market

- Recommendations to companies for strengthening their foothold in the Accelerometer market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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