Accelerometer and Gyroscope Market Size Set to Surge Fruitfully throughout the Anticipated Period 2017 - 2025

The gyroscope is a rotating wheel in which the axis rotates in any direction to sense angular movement. The angle of the axis remains unaffected by any rotation or tilting. Accelerometer is a three-axis device with three units aligned with each direction to measure acceleration. It is an electromechanical device that calibrates acceleration forces. Accelerometer and gyroscope provides information about linear movement of the device. The combination of accelerometers and gyroscopes is used in high end applications such as missile launch and controls, satellites, and space vehicles.

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The accelerometer and gyroscope market is mainly driven by factors such as growth in the penetration of consumer electronics and increasing number of vehicles. Demand for consumer electronics has increased over the years. Alongside, the number of vehicles on roads is increasing incrementally and hence the accelerometer and gyroscope market is growing rapidly. Increasing spending on the defense sector majorly plays an important role in the growth of the high end accelerometer and gyroscope market owing to the increasing demand for equipment enhanced with intelligent sensors for various military applications such as navigation, satellite antenna positioning and many more. Countries involved in conflicts are majorly spending on high end military purposes. Developments in automation of vehicles is one of the major opportunities for the accelerometer and gyroscope market. However, accelerometers and gyroscopes provide low accuracy level which is limiting the growth of the market.

The accelerometer and gyroscope market can be segmented on the basis of dimension, type, industry vertical, and geography. On the basis of dimension, the market can be segmented by 1-axis, 2-axis, and 3-axis. Accelerometers and gyroscopes with 3-axis is anticipated to grow rapidly in future owing to the capability to integrate various processes in a single system to optimize the number of modules as well as reduce the weight. On the basis of type, the accelerometer and gyroscope market can be segmented by accelerometer and gyroscope. Accelerometers can further be segmented into piezoelectric accelerometer, microelectro mechanical system (MEMS) accelerometer and other. Among all these types of accelerometers, microelectro mechanical system (MEMS) accelerometer is expected to grow at a significant rate over the forecast period owing to the emergence of efficient and compact microelectro mechanical system technology and increasing deployment of MEMS sensors in high end applications in the industrial, aerospace and defense sectors. Due to benefits such as high power efficiency, compact structure and low cost, the adoption of microelectro mechanical system accelerometers is increasing. Gyroscopes can further be segmented as fiber optic gyroscope (FOG), ring laser gyroscope (RLG), dynamically tuned gyroscope (DTG) and other. By industry vertical, the accelerometer and gyroscope market can be segmented by aerospace and defense, automotive, consumer electronics, healthcare, transportation, other (home automation and other). On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific region is projected to show highest growth in the accelerometer and gyroscope market over the forecast period due to the increasing number of vehicles.

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The competitive landscape of the accelerometer and gyroscope market is highly saturated due to the presence of a large number of players. Some of the key players in the accelerometer and gyroscope market are Honeywell International, Inc., Analog Devices Inc., Kionix, Inc., Sensonsor AS, Fizoptika Corp., KVH Industries, Inc., Northrop Grumman LITEF GmbH, Colibrys Ltd., STMicroelectronics N.V. and Murata Manufacturing Co., Ltd.

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