- Key Buying Criteria’s include Cost, Efficiency & Compatibility
According to the latest research findings by the independent London-based global research firm TechNavio, declining prices of MEMS accelerometers is one of the key drivers for the growth of the Global MEMS Accelerometer Market for the period 2012-2016.
TechNavio analysts found that the prices of MEMS accelerometers are declining primarily because of bulk volume production. Moreover, the need for meeting the increasing application of MEMS accelerometers across various segments is also leading to declining accelerometer prices.
In 2012, the average selling prices of MEMS accelerometers reduced by approximately 10 per cent compared to the previous year. This will be declining further during the forecast period as demand for MEMS accelerometers keeps on increasing across various user segments.
Some of the other factors aiding the growth of this market include increasing number of applications in smartphones; increasingly focus on developing MEMS accelerometer solutions with low power consumption, high accuracy, resolution and increasing applications in gaming controller devices for enhancing realistic video gaming experience.
Speaking on this occasion, one of the senior analyst and co-author of this report said, “The advancement in MEMS accelerometer technology along with increasing number of multi-axis offerings will be increasing its compatibility with a number of products in the coming years. The revenue contribution from the Consumer Electronics and Mobile Devices segments will be nearly double by 2016. What will be interesting to see is the increasing demand for usage in cars in locating the right direction when the GPS signal is lost.”
The Global MEMS Accelerometer Market is highly fragmented with the presence of many vendors. Although the market comprises diversified vendors in different verticals, most of the vendors in the market are pure-play MEMS accelerometer manufacturers. The leading vendors in this market are STMicroelelctrionics, Robert Bosch, Kionix and Freescale Semiconductor.
To determine the scenario for these vendors 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 order of importance.
If you are interested in more information on this topic and our upcoming research on the Global MEMS Accelerometer Market 2012-2016 please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global MEMS Accelerometer Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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