LAMEA Accelerometer & Gyroscope Market Size, Share & Industry Trends Analysis Report By Type (Accelerometer and Gyroscope), By Dimension (3-Axis, 2-Axis, and 1-Axis), By Industry Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Accelerometer & Gyroscope Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
The accelerometer is unable to discriminate between the acceleration produced by Earth's gravitational pull and the acceleration provided by the accelerometer while accelerating in a specific direction. When this disadvantage is examined in the context of an airplane, the accelerometer rapidly loses a lot of its attraction. The ability to measure the rate of rotation around a certain axis allows the gyroscope to maintain its efficiency. It determines a real number for the rotation rate around the rolling axis of an aircraft until the item stabilizes.
MEMS sensors become more widely used in the IoT, integration of MEMS and low-power ASICs for connectivity and processing is expected. This trend can generate the requirement for discrete MEMS sensors in jeopardy. Because modern embedded design necessitates wireless connectivity and sensors, the number of wireless standards being incorporated into devices is growing. Players are currently delivering the basic wireless and sensor building pieces in a great package for rapid design.
According to the Global System for Mobile Communications or GSMA, there are currently over 5,000 million mobile subscribers, with the number expected to rise to about 600 million by 2025. Today's mobile phones include gyroscope sensors that determine the phone's orientation, which is increasing the gyroscope market. In addition, accelerometers are becoming more popular in agricultural countries across the Middle East and Africa as they modernize and adopt mechanical robotization to overhaul consumer gadget sectors, medicinal offices, and mechanical cycles. As a result, the accelerometer business throughout the world is flourishing.
Governments are on high alert as political tensions among countries rise, and they are raising defense resources to prepare for any eventuality. Both countries' military budgets have seen significant increases, allowing them to invest in cutting-edge aerospace as well as aviation technologies, including the extensive use of fiber optic gyroscopes for motion control, which is contributing to the regional demand for accelerometer & gyroscope and hence, accelerating the growth of the regional market.
The Brazil market dominated the LAMEA Accelerometer & Gyroscope Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $58 million by 2028. The Argentina market is estimated to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 6.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Accelerometer & Gyroscope Market is Predict to reach $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.)
Scope of the Study
Market Segments Covered in the Report:
By Industry Vertical
- Consumer Electronics
- Aerospace & Defense
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Rohm Semiconductors Co., Ltd. (Kionix, Inc.)
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Global Accelerometer & Gyroscope Market Report 2022-2028
North America Accelerometer & Gyroscope Market Report 2022-2028
Europe Accelerometer & Gyroscope Market Report 2022-2028
Asia Pacific Accelerometer & Gyroscope Market Report 2022-2028