The Europe Accelerometer & Gyroscope Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).
The gyroscope aids orientation by utilizing the fundamentals of angular momentum. The accelerometer, on the other hand, uses vibration to measure linear acceleration. In an aircraft, automobile, smartphone, or other devices, a conventional two-axis accelerometer provides users with the direction of gravity. A gyroscope, on the other hand, is developed to assess an angular location using the notion of space rigidity. Despite their identical objective, the applications of each gadget are rather different.
The accelerometer's advent into the consumer electronics market, with products like the iPhone utilizing it for its built-in compass application, has aided its overall popularity in all sectors of software. The existence of an accelerometer is required for determining screen orientation, acting as a compass, and reversing activities by merely shaking the smartphone. Its use in consumer devices has increased to include personal computers. The distinctions between these sensors are best demonstrated in real-world applications. Although a three-axis accelerometer can determine the orientation of a platform relative to the Earth's surface, accelerometers are used to determine acceleration. When that platform moves, though, the readings become more difficult to interpret.
Rapid technological advancements, as a result of increasing market investments, are also leading to higher performance as well as lower costs, which is positively impacting the market growth. In addition, the rapidly growing utilization of unmanned aerial vehicles and drones in the defense and commercial sectors is boosting the regional accelerometer & gyroscope market. Additionally, numerous end users are incorporating gyroscopes into their automation processes in order to increase production frequency without sacrificing quality, resulting in high demand for gyroscopes and propelling the gyroscope market forward. The increasing application of gyroscopes in smartphones and mobile devices is one of the primary reasons driving the market growth.
The Germany market dominated the Europe Accelerometer & Gyroscope Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $226.5 million by 2028. The UK market is experiencing a CAGR of 4.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.7% during (2022 - 2028).
Based on Type, the market is segmented into Accelerometer and Gyroscope. Based on Dimension, the market is segmented into 3-Axis, 2-Axis, and 1-Axis. Based on Industry Vertical, the market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Industrial, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Accelerometer & Gyroscope Market Size will Hit $3.6 Billion by 2028, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Honeywell International, Inc., TDK Corporation (InvenSense, Inc.), Murata Manufacturing Co., Ltd., Northrop Grumman Corporation, Robert Bosch GmbH, and Rohm Semiconductors Co., Ltd. (Kionix, Inc.)
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