3-Axis Accelerometer Market is segmented by product type (analogue, digital), application (Laptop PC, Smartphone, Wearable, PDA, Gaming, Consoles, Hearables, Toys, Others), key players (STMicroelectronics NV, Analog Device Inc., NXP Semiconductors NV, Bosch Sensortec GmbH and others), regional (Mexico, France, Germany, Italy, Spain, United States, Canada and others)
The 3-Axis Accelerometer market is projected to grow at 6.0% CAGR in 2020-2031 with a growing market size of 1.74 Billion.
The acceleration due to gravity and the angled tilted with respect to the earth is measured with an accelerometer. It is used to evaluate acceleration forces and sense vibrations. Three accelerometers are orthogonally positioned on a 3-axis accelerometer, allowing the evaluation of multiple components of a complex accelerometer. Freefall detection in laptops and text scrolling, picture stability, motion dialing, and other functions in smartphones are done using accelerometers. Similarly, the accelerometers detect tilt and motion in gameplay.
The coronavirus pandemic has had a severe impact on the manufacturing supply chain. Smartphones, laptops, and wearables are available in confined quantity, and thus influence market ecosystem requirements for 3-axis accelerometers. Because of the lack of these products supply, which would impair overall demand for 3-axis accelerometers market ecosystems, the prices of every item will rise.
The COVID-19 outbreak and a downturn in the economy affected various sectors. In addition, this Pandemic has provided many additional commercial prospects for the 3-axis accelerometer ecosystem. Because of the epidemic, Indias entire competitive environment and market dynamics altered. This research, supported by industry trends, events, and revenue shift analyses, quantifies all these disorders and consequences. The effect assessment of COVID also includes strategic changes for the 3-Axis Accelerometer Tier 1 and 3 players. Leading companies implemented strategies such as comparative edge, including new development products, fusions, and acquisitions and collaborations.
STMicroelectronics, for example, has created a three-axis accelerometer in April 2019 that integrates a single-die temperature sensor for IoT endpoint applications, wearables, and shipping trackers.
Bosch Sensortec announced in January 2019 the IMU BMI270, an ultra-low-power smart IMU designed for wearable applications. The battery life was improved using multiple activity monitoring, step counting, and gesture recognition functions, irrespective of the main system processor. The BMA400, an ultra-low energy acceleration sensor for wearable and IoT applications were launched by Bosch Sensortec in 2018. It produces ten times less current than the existing accelerometers while providing high performance.
Key drivers & trend
One of the primary drivers of the accelerometer market is the growing use of 3-axis accelerometers in wearable devices. These are low-noise, low-power 12-bit, and 10-bit accelerometers used in a wide variety of wearable devices, eliminating the need for a host controller and lowers wearable device power efficiency. The accelerometer aids the design of motion-enabled consumer devices by providing more freedom and flexibility. Furthermore, 3-axis digital accelerometers are capable of detecting human falls. For example, many older people experience accidental falls as a result of frailty or dizziness. Apart from senior citizens, construction workers, mountaineers, window washers, painters, and roofers are among those who would benefit from an instant alert to a possible fall, especially from a significant height. Wearable devices can detect or predict all types of falls, which is why they are becoming more popular.
In the coming years, wearable technology is all set to gain momentum. Consumer demand, better communication, and the downsizing of sensor technologies in wearables contribute to the growing demand for wearable devices in the consumer electronics sector. Because of the small size and improved integration methods, the integration of sensors and wearable devices may happen in various devices such as headphones, wristwatches, and smartphones. Wearable electronic gadgets also have a lot of potential in sports and fitness.
STMicroelectronics NV, Analog Devices, NXP Semiconductors NV, Bosch Sensortec, Honeywell International, Northrop Grumman Litef, KVH Industries, Murata Manufacturing, Invensense, and Kionix are the key competitors in the 3-axis accelerometer industry.
The increasing penetration rate of smartphones in the general consumer market has resulted in a rise in demand for 3-axis accelerometers. According to InForGrowth, smartphones are used by 42 percent of mobile customers in the United States and 44 percent of mobile users in five major European Union nations (Germany, Spain, France, Italy, and the UK) and others. All these regions are all set to expand their market by using strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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• Data breakdown for every market segment (2021-2031)
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• Price analysis of each product type
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Industry and Revenue Segmentation
Product type analysis (Revenue, USD Million, 2021-2031)
Application type analysis (Revenue, USD Million, 2021-2031)
• Laptop PC
• Smart Phone
Key players (Revenue, USD Million, 2021-2031)
• STMicroelectronics NV
• Analogue Device Inc.
• NXP Semiconductors NV
• Bosch Sensortec GmbH
• Honeywell International
Regional Analysis (Revenue, USD Million, 2020 – 2031)
• United States
• United kingdom
• South Korea
• Saudi Arabia
• Rest of the world
• United States 3-Axis Accelerometer Industry Research Report
• Europe 3-Axis Accelerometer Industry Research Report
• Asia 3-Axis Accelerometer Industry Research Report
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