According to AllTheResearch’s analysis, the global 3-axis accelerometer market ecosystem was valued at US$ 937.4 Mn in 2019 and is expected to reach US$ 1,494.1 Mn by 2027, growing at a CAGR of 6.0% during the forecast period. An accelerometer is mainly used for measuring acceleration due to gravity and the angle tilted with respect to the earth. A 3-axis accelerometer has three accelerometers orthogonally mounted, which allow the analysis of various components of a complex accelerometer. In laptops, it is used for freefall detection and in smartphones for text scrolling, image stability, motion dialing, and others. In addition to these, in gaming, tilt and motion sensing are detected by the accelerometers.
The coronavirus outbreak has severely impacted the supply chain across the manufacturing industry. There is inadequate of supply of smartphones, laptops, and wearables, which is impacting the 3-axis accelerometer market ecosystem demand. In addition to this, the prices of all products are expected to rise owing to a shortage in the supply of these products, which will hinder the overall demand for 3-axis accelerometers market ecosystem.
The outbreak of COVID-19 has bought along with a global recession, which has impacted several industries. Along with this impact, COVID Pandemic has also generated a few new business opportunities for the 3-Axis Accelerometer ecosystem. The overall competitive landscape and market dynamics of India Biometric Authentication Software has been disrupted due to this pandemic. All these disruptions and impacts have been analyzed quantifiably in this report, which is backed by market trends, events, and revenue shift analysis. COVID impact analysis also covers strategic adjustments for Tier 1, 2, and 3 players of the 3-Axis Accelerometer.
Various strategies such as new product development, mergers and acquisitions, and partnerships have been adopted by the key players in the market to gain a competitive edge. For instance, in April 2019, STMicroelectronics has developed a 3-axis accelerometer that combines temperature sensor for single die, for applications in IoT endpoints, wearables, and shipping trackers. In January 2019, Bosch Sensortec announced the BMI270, an ultra-low power smart IMU, specifically targeted at wearable applications. It extends the system’s battery life by handling multiple activity tracking, step counting, and gesture recognition functions, independently of the main system processor. In January 2018, Bosch Sensortec launched the BMA400, an ultra-low power acceleration sensor for wearable and IoT applications. It draws ten times less current than the existing accelerometers while delivering solid high performance.
The increasing adoption of 3-axis accelerometers in wearable devices is one of the primary reasons for the growth in accelerometer market. These are 12-bit and 10-bit low-noise, low-power accelerometers that provide an extensive range of performance for wearable devices. The device reduces the need of the host controller and decreases power consumption in wearable devices. The accelerometer helps deliver greater freedom and flexibility to the design of motion-enabled consumer electronics. In addition to this, 3-axis digital accelerometers can also detect human fall. For instance, many elderly individuals suffer accidental falls due to weakness or dizziness.
Apart from senior citizens, there are several conditions and activities for which an instant alert to a probable fall, especially from a substantial height, would be quite helpful for people such as construction workers, mountaineers, window washers, painters, and roofers. Wearable devices can detect or predict all types of falls, due to which their demand is increasing. Wearable products are likely to gain traction in the coming years. The increasing demand for wearable devices in the consumer electronics sector is mostly attributed to the rising consumer demand, along with improved communication and miniaturization of sensor technology in wearables. Sensors and wearable devices can be integrated into various other devices such as headphones, wristwatches, and smartphones due to their compact size and advanced integration technologies. Moreover, wearable electronic devices find compelling applications in sports and fitness.
Based on the output type, the digital segment is dominating the market in the year 2019 with a market share of 54.29% and is expected to witness a similar growth trend during the forecast period. The deployment of digital 3-axis accelerometer offers the user a flexible and convenient solution, which in turn, is providing significant growth opportunities for the global 3-axis accelerometer market ecosystem. The digital 3-axis accelerometer has more functionality and is less susceptible to noise, which enhances communication over SPI or I2C communication protocol.
The analogue 3-axis accelerometer segment is expected to account for a market share of 44.25% by 2027. These accelerometer are used for a diverse range of applications, from wearable fitness devices to other industrial applications, is increasing the demand for analogue segment. Analogue 3-axis accelerometers provide accurate detection while measuring acceleration, tilt, shock, and vibration in a performance-driven application. These are cost-sensitive, and they consume less power and measure acceleration with a minimum scale range. It has several applications in consumer electronics, portable devices, motion-sensing devices, and others. Moreover, the demand for analogue accelerometers is increasing in e-compass and PDA, which is boosting the market demand for analog 3-axis accelerometers market ecosystem across the globe.
The smartphones application segment was valued at US$ 143.8 Mn in the year 2019 and is expected to reach US$ 225.7 Mn by 2027, growing with a CAGR of 5.8% during the forecast period. The 3-axis accelerometer is one of the most important sensors in smartphones, which is widely used from running various smartphone apps to displaying current speed, or for switching apps from portrait to landscape mode. Smartphones have become the main computing platform for every business. The rising penetration of smartphones in healthcare, educational institutions, public places, shopping malls, etc., is driving the market demand for accelerometers in the smartphone segment.
The high adoption rate of smartphones in the overall consumer market has led to an increase in the demand for 3-axis accelerometers market ecosystem. According to InForGrowth analysis, 42% of mobile subscribers in the US use smartphones, along with 44% mobile users in 5 main countries of the European Union (Germany, Spain, France, Italy, and the UK).
There are many trends that are having an impact on the market forecast. These, when evaluated from a company’s perspective, can drive growth. Our numerous consulting projects have generated sizeable synergies across all regions and all sizes of companies.
|Company||Ecosystem Positioning||Total Revenue (2018)||Industry||Region|
|STMicroelectronics NV||Applications||US$ 9,612 Mn||Wearables, Gaming Console, Smart Phones, Hearable Laptop PC, PDA, Toys, Others||Global|
|Analog Device Inc.||Applications||US$ 6,200 Mn||Wearables, Gaming Console, Smart Phones, Laptop PC, PDA, Toys, Hearable, Others||Americas, Europe, Asia Pacific|
|NXP Semiconductors NV||Applications||US$ 9,407 Mn||Wearables, Gaming Console, Smart Phones, Hearables, Laptop PC, PDA, Toys, Others||Global|
|Bosch Sensortec GmbH||Applications||US$ 86,093 Mn||Wearables, Gaming Console, Smart Phones, Laptop PC, Toys, Others||Americas, Europe, Asia Pacific, Africa|
Very few markets have the interconnectivity with other markets like smartphones, wearables, gaming consoles, and others. Our Interconnectivity module focuses on the key nodes of heterogeneous markets in detail. Artificial Intelligence, Internet of Things, Autonomous Vehicles, and 3D printing markets are some of our key researched markets.
|The compact size of devices is generating demand for small size 3-axis accelerometers||Hearables, Wearables||0.34%|
|Rising demand for 3-axis accelerometers in drones|
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports