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High-end Accelerometer Market - Growth, Trends, and Forecast (2019 - 2024)

The High-end Accelerometer Market is segmented by Application (Tactical Application, Navigational Application, and Industrial Application), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

4.2%

Key Players:

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Market Overview

The high-end accelerometer market was valued at USD 202.42 million in 2018, and it is expected to reach a market value of USD 257.36 million by 2024. to register a CAGR of 4.2% over the forecast period (2019 - 2024). The increasing adoption of MEMS technology has also played a significant role in expanding the application base for high-end accelerometers by scaling down the size and power consumption of these devices, without compromising on the performance metrics.

  • High-end accelerometers are also being increasingly used in navigation systems for high-speed trains and autonomous vehicles. These devices are widely used for performing shock and vibrational test for evaluating the performance of automobiles in duress.
  • High-end accelerometers for automotive applications possess a bias stability range more significant than that of industrial grade applications, and the working range is dependent on the intended end-applications. For instance, the working range could be as high as 40g for crash avoidance systems.
  • The increased vibration levels of automated machinery in high-end industrial applications during high-speed operations, such as cutting or milling, are expected to damage critical materials and reduce precision. Such cases require higher stability to have higher machine control. Thus, high-end accelerometers are being adopted significantly for these applications.
  • However, operational complexity coupled with high costs may hinder the market growth.

Scope of the Report

Accelerometers are capable of measuring acceleration, vibration, and tilt or shock. Thus, they are used in a diverse range of applications, such as industrial platform stabilization systems. High-end accelerometers are primarily used in high-grade applications for calculating the magnitude and direction of acceleration. Piezoelectric, capacitive and geophone technologies drive these systems as they have achieved reduced size and low-cost capabilities. 
 

By Application
Tactical Applications
Navigational Applications
Industrial Applications
Automotive Applications
Geography
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

Tactical Applications to Hold a Major Share

  • The limited number of measurements and the significantly high-cost of the system under test have historically generated demands on the part of tactical applications, such as military and aerospace customers for a high degree of reliability in accelerometer performance.
  • When the high-end accelerometer is permanently integrated into the system for control and monitoring functions, the reliability requirements are intensified. 
  • High-end accelerometers for tactical grade applications are mainly used in the defense and military sectors. These devices operate with bias stability of less than 1mg, with a working range of 20 to 100g and temperature range starting from -55°C. A number of factors have notably contributed to the aforementioned increased reliability. 
  • In March 2018, US-based Analog Devices launched its ADIS16495 tactical-grade inertial sensor. This complete inertial system provides a simple method for integrating accurate and multi-axis inertial sensors. The company’s patented MEMS technology allows devices to provide stable sensing and ultra-low noise in the presence of vibration, shock, and temperature disturbances, hence, ideal for applications, such as unmanned vehicles, avionics, robots, and precision instrumentation.
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North America to Account for the Largest Share

  • The North American region is witnessing a growth in the development of new high-performance accelerometers, as companies in the region are investing in introducing advanced and innovative accelerometers.
  • The increased spending by the US defense to acquire high-performance equipment is the major factor driving the growth of high-end accelerometers in the country.
  • The United States has the world's largest defense budget, which has increased by 10% in 2018, as compared to 2017. With this rise, the country also focusses on precision-guided munitions (PGMs), such as laser-guided bombs and cruise missiles, that have become the weapons of choice for the US military, providing a high degree of accuracy, while avoiding widespread collateral damage. These applications demand high performance, compact form factor, a ruggedized accelerometer to improve tactical IMUs for long-duration guidance without GPS
  • Increasing mining and exploration activities in the region also pose a high demand for high-end accelerometers. According to Mining Engineering, the United States and Canada together accounted for 33.33% of active mineral exploration sites in 2017.
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Competitive Landscape

The high-end accelerometer market consists of some major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability.

  • December 2018 - Sercel was awarded a contract by BGP to supply land seismic equipment for a large onshore 3D seismic survey in the Middle East. The contract includes 100,000 Sercel 508XT channels equipped with strings of 12 SG-10 geophones.

Major Players

  1. Bosch Sensortec GmbH
  2. Honeywell International Inc.
  3. STMicroelectronics NV
  4. Thales SA
  5. Analog Devices Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness- Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Introduction to Market Drivers and Restraints

    5. 4.5 Market Drivers

      1. 4.5.1 Increasing Adoption of MEMS Technology

      2. 4.5.2 Inclination of Growth Toward Defense and Aerospace

      3. 4.5.3 Technological Advancements in Navigation Systems

    6. 4.6 Market Restraints

      1. 4.6.1 Operational Complexity Coupled With High Maintenance Costs

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Tactical Applications

      2. 5.1.2 Navigational Applications

      3. 5.1.3 Industrial Applications

      4. 5.1.4 Automotive Applications

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Europe

      3. 5.2.3 Asia-Pacific

      4. 5.2.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Sercel SA(CGG)

      2. 6.1.2 Safran Colibrys

      3. 6.1.3 Physical Logic AG

      4. 6.1.4 Innalabs Limited

      5. 6.1.5 Sensonor AS

      6. 6.1.6 Tronics Microsystems (EPCOS)

      7. 6.1.7 Bosch Sensortec GmbH

      8. 6.1.8 Thales SA

      9. 6.1.9 Analog Devices Inc.

      10. 6.1.10 Honeywell International Inc.

      11. 6.1.11 STMicroelectronics NV

      12. 6.1.12 TE Connectivity

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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