Accelerometer Market is segmented By Type (AC Response, DC Response), By Axis (1-Axis, 2-Axis, 3-Axis), By Company Size (Large Enterprises, Small and ....
Market Size in USD
CAGR6.7%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 6.7% |
Market Concentration | High |
Major Players | Analog Devices, Bosch Sensortec, Honeywell International, Murata Manufacturing, STMicroelectronics N.V. |
The accelerometer market is estimated to be valued at USD 3.16 Billion in 2024 and is expected to reach USD 4.98 Billion by 2031, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. The market is primarily driven by the extensive use of accelerometers in various consumer electronic devices such as smartphones, wearables, and Internet of Things (IoT) devices.