Accelerometer Market: Worldwide Industry Analysis and New Business Opportunities Explored

According to a new research report published by Transparency Market Research the global accelerometer market is projected to reach value of US$ 2,489.6 Mn by 2026, expanding at a CAGR of 4.6% from 2018 to 2026. The global market is expected to be influenced by a range of macroeconomic and market-specific factors during the forecast period. Demand for accelerometers is likely to be significant in Asia Pacific from 2018 to 2026.The market in the region is anticipated to expand at a CAGR of 4.9% during the forecast period.

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Rising demand for MEMS accelerometers in the consumer electronics sector drives the market

Accelerometers are being incorporated into a number of personal electronic devices such as smartphones, wearable devices, gaming consoles, and media players. Accelerometers are used in laptops so that if the laptop accidently falls, the accelerometer can sense its fall and turn off the internal system in order to protect it from disastrous damage. Rise in the demand for wearable electronics, high use of Internet of Things (IoT), and increase in the demand for unmanned vehicles create new opportunities for the global accelerometer market. Furthermore, the rising demand for MEMS accelerometers is expected to propel the accelerometer market during the forecast period.