London, 06 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global MEMS Accelerometer Market 2015-2019, which is expected to grow at a CAGR of 6.6 percent during the forecast period of 2014-2019.
The decline in the average selling price of MEMS accelerometers has resulted in high unit shipments across the world. The increase in the number of applications and functionalities in mobile devices has led to an increased demand for MEMS accelerometers. These accelerometers also find application in other consumer electronic products such as cameras, projectors, laptops, MP3 players, and TVs. Several wearable devices that are connected to the internet require motion sensors such as MEMS accelerometers.
“The growing awareness in the population about health, fitness, and wellness has accelerated the demand for fitness-monitoring devices that employ motion sensors such as MEMS accelerometers,” says Faisal Ghaus, Vice President of TechNavio.
“Motion sensor technology is being used in remote controls to enable consumers to use point-and-click and in gesture-based controls with touch screen features, which reduces the button overload of traditional remote controls.”
Key Market Drivers
- High Demand for Accelerometers in Mobile Devices
- Declining ASP of MEMS Accelerometer
- Increased Demand for Combo Sensors
- Integration of MEMS Accelerometers with Navigational Functions
- Increased R&D Investment
- Rise in Demand from Consumer Electronics Devices
Key Market Trends
- New Applications
- Advanced MEMS Packaging
- Miniaturization of Electronic Devices
- Increased Adoption of Smart Lifestyle Wearable Devices
Key Market Vendors
- Robert Bosch GmbH
- Freescale Semiconductor Inc.
- InvenSense Inc.
- STMicroelectronics NV
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
