The global non-optical inertial sensor market was valued at US$3.372 billion in 2018 and is anticipated to grow at a CAGR of 6.42% to reach a market size of US$4.899 billion by 2024. Inertial sensors are based on the principle of inertia and provide information necessary for usage in navigation and positioning. These sensors include accelerometers and gyroscopes. The demand for these devices will witness a fast rise owing to their increasing adoption in smartphones and other communication devices. Furthermore, the increasing usage of inertial sensors in consumer and industrial electronics, and the growing automotive industry will further propel the market growth in the forecast period and in the coming years.
Geographically, Asia Pacific is expected to show a significant growth in the global non-optical inertial sensor market owing to the growing smartphone adoption and the growing semiconductor industry in countries like China.
The global non-optical inertial sensor Market – Forecasts from 2019 to 2024 is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by end user industries and geography.
The global non-optical inertial sensor market has been segmented based on end user industries and geography. Based on end user industries, the market has been segmented into communication, consumer electronics, automotive, and manufacturing.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 15 major countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the global non-optical inertial sensor market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the global non-optical inertial sensor market.
By End User Industries
Middle East and Africa