Global Accelerometer and Gyroscope Market Report and Forecast 2025-2034

Global Accelerometer and Gyroscope Market Outlook

The global accelerometer and gyroscope market size was approximately USD 3.58 billion in 2023. The market is further projected to grow at a CAGR of 4.2% between 2024 and 2032, reaching a value of USD 5.19 billion by 2032.

Key Trends in the Market

Accelerometers measure linear acceleration along one or more axes, expressed in mV/g. Angular velocity is measured by a gyroscope and is expressed in mV/deg/s. An accelerometer is a tool for measuring an object's acceleration while it falls freely. It is made up of a connection, a spring, and a mass. Gyroscopes find applications in consumer electronics, automotive, and navigation, among others.

• Accelerometers and gyroscopes are extensively used by the automotive sector as they offer enhanced stability and safety to vehicles. The expanding automotive sector and increased military spending by various governments, coupled with the increasing adoption of internet of things is supporting the accelerometer and gyroscope market growth.

• The rising demand for consumer electronics and growing popularity of miniaturised consumer wearables such as smartwatches and IoT connected devices is supporting the market expansion. The increasing adoption of MEMS sensors in IoT is further bolstering the market expansion.

• The increasing investments by various governments towards the defence sector is providing lucrative growth opportunities to the market Accelerometers and gyroscopes play a pivotal role in the aerospace and defence sectors, as these are crucial components for navigation systems. The continuous technological developments are further aiding the market expansion.

Accelerometer and Gyroscope Market Segmentation

On the basis of type, the market is divided into accelerometer and gyroscope. Accelerometers are sub-divided by type into MEMS accelerometers, piezoelectric accelerometer, and piezoresistive accelerometer; and gyroscopes are sub-divided into MEMS gyroscope, fibre optic gyroscope, and ring laser gyroscope, among others.

Based on dimension, the market is segmented into 1-axis, 2-axis, and 3-axis. On the basis of application, the market is classified into consumer electronics, automotive, aerospace and defence, industrial, and healthcare, among others. The major regional markets for accelerometer and gyroscope are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global accelerometer and gyroscope market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Robert Bosch Gmbh

• Analog Devices Inc.

• Honeywell International Inc.

• TDK Corp.

• Safran S.A.

• Murata Manufacturing Co. Ltd.

• Northrop Grumman Corporation

• NXP Semiconductors N.V.

• STMicroelectronics International N.V.

• Innalabs Limited

• Others

Market Share by Application

As per the accelerometer and gyroscope market analysis, the automotive sector is a significant contributor to the market demand. The incorporation of advanced technologies such as 3D MEMS technology, along with highly integrated electronics and sensing elements and measuring circuits is aiding market growth. The control system performs better when the gyro sensor's precision for the vehicle's ambient conditions is higher. The gyro acceleration sensor is capable of accurate and dependable measurement in all assembly locations and directions of measurement. Manufacturers are also working on the next generation of combo sensors. These sensors will be able to integrate functionality for a variety of applications and deliver high performance at low costs.

Market Share by Region

The Asia Pacific holds a significant accelerometer and gyroscope market share owing to the strong presence of automotive manufacturing sector in countries including Japan, South Korea, and China. The presence of renowned manufacturers such as Hyundai Co. Ltd., Honda Motor Company, and Mitsubishi Motors, among others, is further supporting the market expansion in the region. The rising popularity of electric vehicles and increasing initiatives by various governments to reduce carbon emissions is propelling the growth of the electric vehicle market, boosting the accelerometer and gyroscope market demand.

Competitive Landscape

Analog Devices Inc., is an American multinational semiconductor manufacturer which focuses on data conversion, signal processing, and power management technologies such as mixed signal and DSP integrated circuit design and production. The company has its shares listed on the NASDAQ Stock Exchange with the ticker symbol ADI (NASDAQ: ADI).

Honeywell International Inc. principally engages in four business domains: building technologies, performance materials and technologies, safety and productivity solutions, and aircraft. The company has its shares listed on the NASDAQ Stock Exchange with the ticker symbol HON (NASDAQ: HON).

Northrop Grumman Corporation is an American multinational aerospace and defence technology company that is regarded as one of the biggest producers of weapons and military technology worldwide. The company is listed on the New York Stock Exchange with the ticker symbol NOC (NYSE: NOC).

Other key players in the accelerometer and gyroscope market include Robert Bosch Gmbh, TDK Corp., Safran S.A., Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., STMicroelectronics International N.V., and Innalabs Limited, among others.

Key Highlights of the Report