MEMS Accelerometers & Gyroscopes to See Highest Growth for High-End Applications

London, United Kingdom, December 24, 2016 --(PR.com)-- The world’s market for accelerometers and gyroscopes is likely to grow in the years to come, to reach USD 3.5 billion by the year 2022. The high-end accelerometer and gyroscope market is poised to increase from USD 1.59 billion in the current year to USD 2.07 by the year 2022, driven majorly by the rising defense expenditure worldwide.

MEMS accelerometers and gyroscopes are predicted to register the highest growth rates for the high-end application sector between 2016 and 2022. This can be attributed to increasing deployment of these sensors, primarily in aerospace, remotely operated vehicles, defense and industrial sectors. The demand for MEMS accelerometers and gyroscopes gains traction due to their benefits like small size, low cost and high power efficiency.

The APAC region is predicted to be the top shareholder of the global market for accelerometers and gyroscopes between 2016 and 2022. This regional market held a share of around 36% in the past year. Growth in this regional market is propelled by the emergence of APAC as the manufacturing hub for low-end application industries like consumer electronics and automotive.

In-depth analysis of the world’s accelerometers and gyroscopes market can be found in the new research report by MarketsandMarkets available at https://marketpublishers.com/report/medical_devices/other_medical_devices/accelerometer-n-gyroscope-market-by-accelerometer-type-mems-piezoelectric.html

This report provides a detailed guide to the accelerometers and gyroscopes market at different geographical scales, uncovers important performance estimates and updated statistics, reviews the major growth influencing factors and touches upon the top trends.

For any further details feel free to contact Alison at info@marketpublishers.com.