According to Stratistics MRC, the Global Accelerometer and Gyroscope is accounted for $ 1.71 billion in 2017 and is expected to reach $2.76 billion by 2026 growing at a CAGR of 4.9% during the forecast period. Increase in demand for consumer electronics, rise in number of vehicles globally, and high military spending are the key driving factors for the market growth. However, low accuracy acts as a restraining factor to this growth.
Accelerometer is a sort of sensor that measures physical quickening of the gadget in connection to the free fall one way. Ordinarily, an accelerometer prepared in present day gadgets is tri-hub, which has three devoted units lined up with every course to gauge speeding up along them. Gyroscopes sense rakish development along one rotational heading. Accelerometer and gyroscope just give data about the development of a gadget, either in straight or rotational heading; nonetheless, they do give any data about the introduction of the gadget. In complex frameworks, for example, satellites, space vehicles, and rockets, inertial route framework is utilized by the blend of accelerometers and gyroscopes.
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Based on types, gyroscopes is expected to have a considerable demand during the forecast period.This is is because of the growing level of integration which is driving manufacturers to integrate several functionalities in one system to reduce the number of components per device and to reduce the size and weight of the overall product, for which 3-axis devices are highly suitable. Based on Geography, The Asia pacific region is estimated to have a lucrative growth during the forecast period as it is the manufacturing hub for low-end applications such as automotive and consumer electronics, the accelerometer and gyroscope market to holds a comparatively large market share in the APAC region.
Some of the key players profiled in the Accelerometer and Gyroscope include Analog Devices Inc, Colibrys Ltd, Fizoptika Corp, Honeywell International Inc, Innalabs Holding Inc, Invensense Inc, Kionix Inc, KVH Industries Inc, Murata Manufacturing Co Ltd, Northrop Grumman Litef GmbH, NXP Semiconductors N.V., Robert Bosch GmbH, Sensonor as, Stmicroelectronics N.V. and Systron Donner Inertial.
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Dimensions Covered:
• 1 Axis
• 2 Axis
• 3 Axis
Types Covered:
• Gyroscope
• Accelerometer
Applications Covered:
• Low-End Applications
• High-End 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
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