Jul 8, 2019   SOURCE: PR NewsWire

Global Accelerometer Market Analysis & Forecast 2019-2024: Robert Bosch, Honeywell International, Analog Devices are Dominating

DUBLIN, July 8, 2019 /PRNewswire/ -- The "Accelerometer Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

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The accelerometer market is expected to register a CAGR of 2.97% over the forecast period (2019-2024).

The emergence of the MEMS technology has resulted in the miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors, through the use of micro-fabrication and micro-machining techniques. This has supported the rapid adoption of accelerometers in portable devices, as they offer enhanced capabilities in small unit size.

Key Highlights

    --  The tactical grade of modern high-end accelerometers has penetrated into
        various defense applications market.
    --  Moreover, the demand in the commercial aerospace sector is also driving
        the demand for high-end IMUs. Boeing's aerospace study revealed that
        over the next three decades, there would be a demand for 35,200 new jet
        aircraft, globally.
    --  Furthermore, MEMS accelerators are used in inertial navigation
        applications to calculate the direction and speed of ships, aircraft,
        submarines, guided missiles, and spacecraft. High accelerometers have
        replaced the fragile high-end electromechanical devices.
    --  However, the fusion of accelerometers on devices may increase the cost
        of a device. Along with the cost of the device, the accelerometer
        increases the complexity of a device to be fabricated on to a device.

Major Market Trends

Aerospace & Defense Industry to Account for a Significant Share in the Market

    --  The defense application is expected to create a significant demand for
        accelerometers, owing to the increasing adoption of high-end
        accelerometers in small-diameter missiles, underwater navigators, and
        unmanned aerial vehicles and also increasing beneficiaries of high-end
        MEMS sensors in military applications.
    --  Furthermore, high-end MEMS accelerators are being deployed along with
        gyroscopes in inertial navigation applications to calculate the
        direction and speed of defense applications, such as ships, aircraft,
        submarines, guided missiles, and spacecraft.
    --  To meet the increasing demand for IMUs and AHRS systems for military
        applications, market players are producing custom MEMS-based
        accelerometers, with enhanced bias stability.
    --  The military spending trends will drive the growth of the market and the
        United States has the largest spending in the military and defense
        sector and therefore the largest market for accelerometers.

North America to Dominate the Market

    --  North America is witnessing a growth in the development of new
        high-performance accelerometers as companies in the region are investing
        in introducing advanced and innovative accelerometers. The increased
        spending by the US defense is the major factor driving the growth of
        accelerometers in the region.
    --  With this rise, the country also focuses on precision-guided munitions
        (PGMs), such as laser-guided bombs and cruise missiles that have become
        the weapons of choice for the US military, providing a high degree of
        accuracy while avoiding widespread collateral damage.
    --  These applications demand high performance, compact form factor, a
        ruggedized accelerometer to improve tactical IMUs for long duration
        guidance without GPS.
    --  North America is also a pioneer in the adoption of IoT which will also
        drive the growth of the market in the region.

Competitive Landscape

The accelerometer market is highly fragmented due to the presence of many players in the market. Some key players in the market Robert Bosch, Honeywell International, Analog Devices, among others.

Some key recent developments in the market include:

    --  April 2019 - iXblue's iXal A5 was introduced as a first navigation-grade
        accelerometer dedicated to high-performance applications. The iXal A5
        can be used in various high-performance civil and defense applications,
        including land, air, surface, and underwater navigation, guidance,
        bridge monitoring, and stability, as well as offshore drilling platform
        monitoring.
    --  April 2019 - STMicroelectronics launched STM32GO for smarter industrial
        applications. STM32 has a microcontroller, an accelerometer, a MEMS
        microphone in the industrial IoT development kit. This development kit
        is useful for proactive maintenance for manufacturing equipment as it
        detects slight changes at early stages of failure - before serious
        damage or expense.

Key Topics Covered

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers & Restraints
4.3 Market Drivers
4.3.1 Emergence of the MEMS Technology
4.3.2 Increasing Demand from Consumer Electronics
4.3.3 Developing Aerospace & Defense Sector (High-end Accelerometers)
4.4 Market Restraints
4.4.1 Costs and Complexity Concerns
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION
5.1 By End User
5.1.1 Aerospace and Defense
5.1.2 Industrial
5.1.3 Consumer Electronics
5.1.4 Automotive
5.1.5 Other End users
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Rest of the World

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Analog Devices Inc.
6.1.2 Robert Bosch GmbH
6.1.3 Honeywell International Inc.
6.1.4 Northrop Grumman LITEF GmbH
6.1.5 STMicroelectronics
6.1.6 InvenSense (TDK Group company)
6.1.7 Rockwell Automation Inc.
6.1.8 iXblue SAS
6.1.9 Kearfott Corporation(Astronautics Corporation of America)
6.1.10 Al Cielo Inertial Solutions Ltd.
6.1.11 Meggitt Orange County Inc. (Dun & Bradstreet Corporation)
6.1.12 Silicon Sensing Systems Limited (Collins Aerospace and Sumitomo Precision Products)
6.1.13 Atlantic Inertial Systems Ltd. (AIS Global Holdings LLC)

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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