Accelerometer Market – Snapshot
The accelerometer market in different regions across the world is undergoing a diverse phase. North America and Europe are mature regions of the global market, due to presence of better health care facilities and industries in these regions. On the other hand, developing countries in Asia Pacific and Middle East & Africa, which are undergoing modernization and adopting industrial automation to upgrade medical facilities, consumer electronics components, and industrial processes, are witnessing increase in the demand for accelerometers. This, in turn, is driving the global accelerometer market. The global accelerometer market is projected to expand at a CAGR of 4.6% during the forecast period and reach value of US$ 2,489.6 Mn by 2026.
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Growing adoption of micro electromechanical system (MEMS) accelerometers in high-end applications, led by their advantages such as enhanced performance, small size, and low power consumption, is expected to propel the global accelerometer market during the forecast period. Demand for accelerometers in the automotive industry is rising in order to improve performance, reduce costs, and enhance the reliability of automotive systems. Accelerometers offer an industry-standard method of detecting car crashes and deploying airbags at just the right time. They are used to detect rapid negative acceleration of the vehicle to determine when the collision had occurred. Incorporation of MEMS accelerometers into airbag control modules has virtually eliminated the use of costly switches in these modules, thereby driving the demand for accelerometers. MEMS accelerometers are used in applications ranging from mobile devices to cars. They are extensively employed in the consumer electronics sector. This factor would continue to drive the global accelerometer market during the forecast period.
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