PUNE, India, December 14, 2016 /PRNewswire/ --
The high-end accelerometer and gyroscope market is expected to grow at a CAGR of 3.8% between 2016 and 2022, to reach USD 2.07 billion by 2022 while MEMS accelerometer and gyroscope market is expected to grow at highest rate during forecast the period
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This growth can be attributed to the increasing defense expenditure globally owing to the growing demand for equipment optimized with several intelligent sensors for navigation, satellite antenna positioning, and other applications.
The overall accelerometer and gyroscope market in the APAC region accounted for the largest share of around 36.0% of the global market in 2015. Given the emergence of APAC as the manufacturing hub for low-end application industries such as automotive and consumer electronics, which are the major contributors to the accelerometer and gyroscope market, the APAC region is in the leading position in this market. The Americas is the second-largest region for the accelerometer and gyroscope market. The growing industrial and home automation, the adoption of emerging applications such as augmented and virtual reality and IoT, and the huge defense expenditure by the U.S. government act as the drivers for this market.
Some of the major players in the accelerometer and gyroscope market include Analog Devices Inc. (U.S.), Colibrys Ltd. (Switzerland), Fizoptika Corp. (Russia), Honeywell International, Inc. (U.S.), InnaLabs (Ireland), InvenSense, Inc. (U.S.), Kionix, Inc. (U.S.), KVH Industries, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Northrop Grumman LITEF GmbH (Germany), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), Sensonsor AS (Norway), STMicroelectronics N.V. (Switzerland), and Systron Donner Inertial (U.S.), among others. Order a copy of Accelerometer and Gyroscope Market by Accelerometer Type (MEMS, Piezoelectric, and Piezoresistive), Gyroscope Type (MEMS, FOG, RLG, HRG, and DTG), Dimension (1, 2, and 3 Axis), Application (Low End and High End), and Geography - Global Forecast to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=783294 .
The MEMS accelerometer and gyroscope market for the high-end applications is expected to grow at the highest rate between 2016 and 2022. This is mainly owing to the growing deployment of these sensors in remotely operated vehicles, aerospace, and industrial and defense sectors. Because of their benefits of low cost, small size, and high power efficiency, MEMS accelerometers are increasingly replacing traditional accelerometers in these applications.
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