Accelerometer and Gyroscope Market annual growth rate is 6.2 percent
The accelerometer and the gyroscope simply provide data on the development of a device, either in a straight position or in rotation. However, they do not give information about the introduction of the gadget. In complex environments, such as satellites, spacecraft and rockets, the frame of the inertial road is used by combining accelerometers and gyroscopes.
Accelerometer and Gyroscope Market Size and Growth Rate:
Accelerometer and Gyroscope Market was going to reach USD 3.5 billion by 2022 and expected to grow at a CAGR of 6.2% during the forecast period 2017 to 2022.
Key findings of the Accelerometer and Gyroscope Market:
- In terms of revenue, MEMS accelerometer held the maximum market share, and is expected to maintain its lead throughout the forecast period.
- In 2015, the 3-axis accelerometer & gyroscope dominated the overall market, and is expected to grow at the highest CAGR.
- In 2015, the consumer electronic industry vertical held over 30% of market share, which was the highest among all the industry verticals.
- Asia-Pacific is expected to continue dominating the market in the future. In 2015, the region accounted for about 40% share across all the geographical regions.
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Accelerometer and Gyroscope Market Drivers and Restraints:
The number of vehicles on the streets is gradually increasing and the market for accelerometers and gyroscopes is growing rapidly. The increase in spending on the barrier division plays a key role in the development of the market for accelerometers and high-end gyroscopes, which can be deduced from the growing demand for improved equipment with intelligent sensors for different military applications, for example, the routes a little more. However, accelerometers and gyroscopes offer a low level of accuracy, which limits the development of the market.
Geographical Analysis of Accelerometer and Gyroscope Market:
Geographically, the market can be divided between the Middle East and Africa, Europe and South America, North America and Asia-Pacific. The Asia-Pacific region is expected to publish the most impressive market development of accelerometers and gyroscopes in a timely manner due to the growing number of automobiles.
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Key Players of Accelerometer and Gyroscope Market:
Some of the leading market players of Accelerometer and Gyroscope Market are Fizoptika Corp, Kionix Inc, Analog Devices Inc, Robert Bosch, Colibrys Ltd., NXP Semiconductors NV, KVH Industries, Systron Donner Inertial, STMicroelectronics NV, Northrop Grumman and others.
Accelerometer and Gyroscope Market Key Segmentation:
By Product:
- MEMS
- Piezoelectric
- Piezoresistive
By Industry:
- Transportation
- Electronics
- Defense
- Aerospace
- Remotely Operated
- Industrial
- Medical
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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