Accelerometer And Gyroscope
PUBLISHED: 2024 ID: SMRC26296
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Accelerometer And Gyroscope

Accelerometer & Gyroscope Market Forecasts to 2030 - Global Analysis By Type (Accelerometer and Gyroscope), Dimension, Application and By Geography

4.3 (80 reviews)
4.3 (80 reviews)
Published: 2024 ID: SMRC26296

This report covers the impact of COVID-19 on this global market
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"According to Stratistics MRC, the Global Accelerometer & Gyroscope Market is accounted for $3.24 billion in 2024 and is expected to reach $5.61 billion by 2030 growing at a CAGR of 4.8% during the forecast period. An accelerometer is a sensor that measures the rate of change in velocity (acceleration) of an object in three dimensions. It detects linear movement and gravitational force, helping determine orientation and movement. A gyroscope is a device that measures the rate of rotation around three axes. It senses angular velocity, enabling the determination of an object's orientation in space. Together, these sensors provide comprehensive motion data, used in smart phones, drones, and other technology for precise movement tracking and control.

According to the National Health Expenditure Accounts (NHEA), the healthcare spending in the United States grew by over 4.6% in 2018 and has reached USD 3.6 trillion or USD 11,172 per person accounting for 17.7% of its GDP.

Market Dynamics: 

Driver: 

Growing demand in consumer electronics

Smart phones, tablets, and wearables increasingly rely on these sensors for features like screen rotation, activity tracking, and augmented reality. As consumers seek more sophisticated and responsive devices, manufacturers integrate more and better accelerometers and gyroscopes to enhance user experience. This surge in demand fuels market growth, encouraging innovation and production scale-up, thus lowering costs and further boosting adoption across various electronic devices. Therefore, the growing demand in consumer electronics propels the accelerometer and gyroscope market by driving the need for advanced motion-sensing capabilities.

Restraint:

Miniaturization limitations

Miniaturization limitations in accelerometers and gyroscopes include challenges in maintaining sensor accuracy, stability, and performance as sizes decrease. Smaller sensors often face increased noise, reduced sensitivity, and higher susceptibility to environmental factors like temperature changes. These technical hurdles can result in less reliable data, hindering their integration into compact devices. Additionally, the complexity and cost of developing and manufacturing miniaturized sensors can deter widespread adoption.

Opportunity:

Growth in gaming and VR/AR

The growth in gaming and VR/AR propels the accelerometer and gyroscopes by necessitating precise motion tracking and spatial orientation for immersive experiences. These sensors are critical for detecting player movements and translating them into the virtual environment, ensuring accurate and responsive game play. As VR/AR applications expand in entertainment, education, and training, the demand for high-performance accelerometers and gyroscopes increases. This drives innovation and production in the sensor market, leading to enhanced functionality and lower costs, thus promoting wider adoption in the gaming and VR/AR sectors.

Threat:

Technical challenges

Technical challenges in accelerometers and gyroscopes include accuracy, stability, and miniaturization. Inaccuracies in measurements can lead to erroneous data, impacting performance in various applications such as navigation systems and motion tracking. Stability issues can affect long-term reliability. Additionally, miniaturization challenges can hinder the integration of these sensors into compact devices. These challenges collectively limit market growth by impeding the development of reliable, high-performance sensor solutions for diverse applications.

Covid-19 Impact

The covid-19 pandemic significantly impacted the accelerometer and gyroscope market. Supply chain disruptions led to production delays and shortages of raw materials, affecting manufacturing. However, increased demand for healthcare devices, remote monitoring tools, and consumer electronics like smart phones and wearables spurred market growth. Additionally, the rise in remote work and online education boosted the need for devices utilizing these sensors. Despite initial setbacks, the market showed resilience, adapting to new consumer needs and technological advancements driven by the pandemic's challenges.

The 3-axis segment is expected to be the largest during the forecast period

The 3-axis segment is estimated to have a lucrative growth. The 3-axis dimension in the accelerometer and gyroscope enables devices to measure motion and orientation across three perpendicular axes (X, Y, and Z). This capability is crucial for applications in smart phones, wearables, drones, and automotive systems, providing precise motion tracking and stabilization. The growing demand for enhanced user experiences and advanced navigation systems is driving the market's expansion and innovation in 3-axis sensor technologies. 

The consumer electronics segment is expected to have the highest CAGR during the forecast period

The consumer electronics segment is anticipated to witness the highest CAGR growth during the forecast period. Accelerometers and gyroscopes are integral components in consumer electronics, facilitating various functions in devices like smart phones, tablets, and wearables. Accelerometers detect movement and orientation changes, enabling screen rotation and gesture controls. Gyroscopes measure angular velocity, aiding in image stabilization for cameras and accurate navigation in GPS systems. Together, they enhance user experiences by enabling features like augmented reality gaming, step counting in fitness trackers, and precise motion tracking in virtual reality applications.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period driven by the expanding consumer electronics sector, particularly smart phones and wearable devices. Key countries like China, Japan, and South Korea are leading in technological advancements and manufacturing capabilities. The region's automotive industry, with its increasing focus on autonomous and electric vehicles, also contributes significantly to market demand. Furthermore, investments in industrial automation and IoT applications are propelling market expansion, making Asia-Pacific a pivotal player in the global accelerometer and gyroscope market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, fuelled by advancements in automotive technology, including autonomous vehicles and advanced driver assistance systems (ADAS). The region's strong aerospace and defense sectors also drive demand for high-precision sensors. Additionally, significant investments in industrial automation and IoT applications further bolster the market. The presence of leading technology companies and a focus on innovation make North America a critical region for accelerometer and gyroscope development.

Key players in the market

Some of the key players profiled in the Accelerometer & Gyroscope Market include Robert Bosch GmbH, Northrop Grumman GmbH, Murata Manufacturing Corporation, Honeywell International, STMicroelectronics N.V., NXP Semiconductors N.V., Innalabs Holding Inc, Colibrys Limited, Analog Devices Inc., TDK Group, ROHM Group, Sensonor AS and Fizoptika Corporation.

Key Developments:

In January 2024, Bosch launched world’s smallest MEMS accelerometers for wearables and hearables. Both devices include built-in features making them easy to design with. BMA530 tracks activities with its step counter and is especially suitable for wearables, and BMA580 targets hearables with voice activity detection.

Types Covered:
• Accelerometer
• Gyroscope

Dimensions Covered:
• 1-Axis
• 2-Axis
• 3-Axis
• 6-Axis
• 9-Axis

Applications Covered:
• Consumer Electronics
• Automotives
• Aerospace & Defense
• Healthcare
• Industrial
• Sports & Fitness
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
             
2 Preface            
 2.1 Abstract           
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology         
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions         
             
3 Market Trend Analysis          
 3.1 Introduction          
 3.2 Drivers           
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats           
 3.6 Application Analysis         
 3.7 Emerging Markets          
 3.8 Impact of Covid-19          
             
4 Porters Five Force Analysis          
 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry          
             
5 Global Accelerometer & Gyroscope Market, By Type       
 5.1 Introduction          
 5.2 Accelerometer          
  5.2.1 Piezoelectric Accelerometers        
  5.2.2 Capacitive Accelerometers        
  5.2.3 Hall Effect Accelerometers        
  5.2.4 Piezoresistive Accelerometers       
 5.3 Gyroscope          
  5.3.1 Micro Electro Mechanical System (MEMS) Gyroscopes     
  5.3.2 Fiber Optic Gyroscopes        
  5.3.3 Ring Laser Gyroscopes        
  5.3.4 Hemispherical Resonating Gyroscopes       
  5.3.5 Vibration Gyroscopes        
             
6 Global Accelerometer & Gyroscope Market, By Dimension       

 6.1 Introduction          
 6.2 1-Axis           
 6.3 2-Axis           
 6.4 3-Axis           
 6.5 6-Axis           
 6.6 9-Axis           
             
7 Global Accelerometer & Gyroscope Market, By Application       
 7.1 Introduction          
 7.2 Consumer Electronics         
 7.3 Automotives          
 7.4 Aerospace & Defense         
 7.5 Healthcare          
 7.6 Industrial           
 7.7 Sports & Fitness          
 7.8 Other Applications          
             
8 Global Accelerometer & Gyroscope Market, By Geography       
 8.1 Introduction          
 8.2 North America          
  8.2.1 US          
  8.2.2 Canada          
  8.2.3 Mexico          
 8.3 Europe           
  8.3.1 Germany          
  8.3.2 UK          
  8.3.3 Italy          
  8.3.4 France          
  8.3.5 Spain          
  8.3.6 Rest of Europe         
 8.4 Asia Pacific          
  8.4.1 Japan          
  8.4.2 China          
  8.4.3 India          
  8.4.4 Australia          
  8.4.5 New Zealand         
  8.4.6 South Korea         
  8.4.8 Rest of Asia Pacific         
 8.5 South America          
  8.5.1 Argentina         
  8.5.2 Brazil          
  8.5.3 Chile          
  8.5.4 Rest of South America        
 8.6 Middle East & Africa         
  8.6.1 Saudi Arabia         
  8.6.2 UAE          
  8.6.3 Qatar          
  8.6.4 South Africa         
  8.6.5 Rest of Middle East & Africa        
             
9 Key Developments           
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 9.2 Acquisitions & Mergers         
 9.3 New Product Launch         
 9.4 Expansions          
 9.5 Other Key Strategies         
             
10 Company Profiling           
 10.1 Robert Bosch GmbH          
 10.2 Northrop Grumman GmbH         
 10.3 Murata Manufacturing Corporation        
 10.4 Honeywell International         
 10.5 STMicroelectronics N.V.         
 10.6 NXP Semiconductors N.V.         
 10.7 Innalabs Holding Inc         
 10.8 Colibrys Limited          
 10.9 Analog Devices Inc.          
 10.10 TDK Group          
 10.11 ROHM Group          
 10.12 Sensonor AS          
 10.13 Fizoptika Corporation         
             
List of Tables            
1 Global Accelerometer & Gyroscope Market Outlook, By Region (2022-2030) ($MN)     
2 Global Accelerometer & Gyroscope Market Outlook, By Type (2022-2030) ($MN)     
3 Global Accelerometer & Gyroscope Market Outlook, By Accelerometer (2022-2030) ($MN)    
4 Global Accelerometer & Gyroscope Market Outlook, By Piezoelectric Accelerometers (2022-2030) ($MN)  
5 Global Accelerometer & Gyroscope Market Outlook, By Capacitive Accelerometers (2022-2030) ($MN)   
6 Global Accelerometer & Gyroscope Market Outlook, By Hall Effect Accelerometers (2022-2030) ($MN)   
7 Global Accelerometer & Gyroscope Market Outlook, By Piezoresistive Accelerometers (2022-2030) ($MN)  
8 Global Accelerometer & Gyroscope Market Outlook, By Gyroscope (2022-2030) ($MN)    
9 Global Accelerometer & Gyroscope Market Outlook, By Micro Electro Mechanical System (MEMS) Gyroscopes (2022-2030) ($MN)
10 Global Accelerometer & Gyroscope Market Outlook, By Fiber Optic Gyroscopes (2022-2030) ($MN)   
11 Global Accelerometer & Gyroscope Market Outlook, By Ring Laser Gyroscopes (2022-2030) ($MN)   
12 Global Accelerometer & Gyroscope Market Outlook, By Hemispherical Resonating Gyroscopes (2022-2030) ($MN)  
13 Global Accelerometer & Gyroscope Market Outlook, By Vibration Gyroscopes (2022-2030) ($MN)   
14 Global Accelerometer & Gyroscope Market Outlook, By Dimension (2022-2030) ($MN)    
15 Global Accelerometer & Gyroscope Market Outlook, By 1-Axis (2022-2030) ($MN)     
16 Global Accelerometer & Gyroscope Market Outlook, By 2-Axis (2022-2030) ($MN)     
17 Global Accelerometer & Gyroscope Market Outlook, By 3-Axis (2022-2030) ($MN)     
18 Global Accelerometer & Gyroscope Market Outlook, By 6-Axis (2022-2030) ($MN)     
19 Global Accelerometer & Gyroscope Market Outlook, By 9-Axis (2022-2030) ($MN)     
20 Global Accelerometer & Gyroscope Market Outlook, By Application (2022-2030) ($MN)    
21 Global Accelerometer & Gyroscope Market Outlook, By Consumer Electronics (2022-2030) ($MN)   
22 Global Accelerometer & Gyroscope Market Outlook, By Automotives (2022-2030) ($MN)    
23 Global Accelerometer & Gyroscope Market Outlook, By Aerospace & Defense (2022-2030) ($MN)   
24 Global Accelerometer & Gyroscope Market Outlook, By Healthcare (2022-2030) ($MN)    
25 Global Accelerometer & Gyroscope Market Outlook, By Industrial (2022-2030) ($MN)    
26 Global Accelerometer & Gyroscope Market Outlook, By Sports & Fitness (2022-2030) ($MN)    
27 Global Accelerometer & Gyroscope Market Outlook, By Other Applications (2022-2030) ($MN)   
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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