Accelerometer and Gyroscope Market to Reach USD 3.50 Billion by 2022 - Driven by Increasing Defense Expenditure Globally - Research and Markets

DUBLIN, Dec 16, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Accelerometer and Gyroscope Market by Accelerometer Type, Gyroscope Typ, Dimension, Application, and Geography - Global Forecast to 2022" report to their offering.

The accelerometer and gyroscope market is expected to reach USD 3.50 billion by 2022. 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 from USD 1.59 billion in 2015. 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 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.

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.

Companies Mentioned:

• Analog Devices, Inc.
• Colibrys Ltd.
• Fizoptika Corp.
• Honeywell International, Inc.
• Innalabs Holding Inc.
• Invensense, Inc.
• KVH Industries, Inc.
• Kionix, Inc.
• Murata Manufacturing Co., Ltd.
• NXP Semiconductors N.V.
• Northrop Grumman Litef Gmbh
• Robert Bosch Gmbh
• Sensonor AS
• Stmicroelectronics N.V.
• Systron Donner Inertial
  

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Accelerometer and Gyroscope Market, by Type

8 Accelerometer and Gyroscope Market, by Dimension 

9 Accelerometer and Gyroscope Market, by Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/3jdg3h/accelerometer_and

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SOURCE Research and Markets