The global piezoelectric accelerometer market is estimated to create an absolute dollar opportunity of more than US$ 800 Mn by the end of 2032. The sales of piezoelectric accelerometers are expected to exceed US$ 600 Mn by 2022, projecting growth at a CAGR of 3% to 4% during the forecast period 2022-2032. Increasing adoption of high precision equipments for measuring and recording dynamic changes in mechanical variations such as vibrations across diverse sectors is anticipated to facilitate the demand for piezoelectric accelerometers in the global market.
Report Attribute
Details
Piezoelectric Accelerometer Market Value (2021)
US$ 580 Million
Piezoelectric Accelerometer Market Value (2022)
US$ 600 Million
Piezoelectric Accelerometer Market Anticipated Value (2032)
Piezoelectric accelerometers are a type of accelerometer that uses mechanical shock, vibrations, and others to measure acceleration on the surface. These equipments work on the piezoelectric effect of particular elements to measure dynamic variables in mechanical effects like vibration, acceleration, and mechanical shocks.
They transform the energy of one form into another to deliver electrical signals, for instance, converting motion and mechanical energy into electrical energy proportional to the applied acceleration, to measure conditions, quantity, and property.
Piezoelectric accelerometers are generally equipped with integrated signal-conditioning circuits, which receive the raw voltage outputs from the piezoelectric sensors in the accelerometer and convert them into signals that are more reliable and can be processed by instrumentation. On account of these, piezoelectric accelerometers finding a wide range of applications across the aerospace industry for shock tube instrumentation, modal testing, tunnel testing, and others. This is projected to bolster the growth in the global market.
Which are Some Prominent Drivers Spearheading Piezoelectric Accelerometer Market Growth
Piezoelectric accelerometers are increasingly being adopted across various sectors, owing to their ability to work independently of external power and integrate acceleration signals to provide displacement & velocity. They also provide features such as an extensive range of frequency, low output noise, and linearity over the dynamic range among others.
Attributed to this, these accelerometers are finding a wide range of usage for applications earthquake & aftershock monitoring, stability control, and others across sectors such as aerospace, defense, electronics, industrial, and automotive among others.
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What are the Challenges Faced by the Piezoelectric Accelerometer Market
Although there are numerous advantages associated with the adoption of piezoelectric accelerometers, high cost of these equipments and inability to measure rotation around their own axis of movement and measure constant velocity are factoring hindering the sales in the global market.
Also, the accuracy and sensitivity of piezoelectric accelerometers degrade with time hampering the adoption for these equipments for high sensitivity applications, thereby, restraining the growth in the market.
Why is North America Emerging as an Opportunistic Piezoelectric Accelerometer Market
As per Future Market Insights, North America is forecast to exhibit robust growth in the global piezoelectric accelerometers market between 2022 and 2032.
Piezoelectric accelerometers are garnering huge popularity across the aerospace and aviation industry. These equipments are extensively being incorporated in novel aircraft for inertial navigation and positioning, owing to their favorable features such as temperature stability, frequency response, adaptability, ruggedness, and various electrical characteristics.
Hence, growing expansion of the aviation industry and increasing production & sales of aircraft across the commercial and defense sectors is projected to accelerate the demand for piezoelectric accelerometers in the North America market.
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How is Asia Pacific Excluding Japan Contributing to the Growth of the Piezoelectric Accelerometer Market
FMI reveals that Asia Pacific excluding Japan is estimated to account for a significant share in the global piezoelectric accelerometers market over the forecast period 2022-2032.
As the trend of automation is creating deeper inroads across the automotive sector, number of automobile manufacturers are emphasizing on introducing novel automotive vehicles to capitalize on the existing trend. For instance, in 2021, Autonomous Intelligence Motors Pvt. Ltd., an Indian automotive start-up announced its plan of launching first of its kind artificial intelligence of things (AIoT) powered driverless car with a BS8 compliant engine in 2022.
As piezoelectric accelerometers are extensively used in these vehicles for stability control, motion & acceleration monitoring, and others, accelerate sales of autonomous vehicles are estimated to create lucrative sales opportunities in the Asia Pacific excluding Japan market.
Market Competition
Some of the leading players in the piezoelectric accelerometers market are Honeywell, Meggitt Sensing Systems, Measurement Specialties, Kyowa Electronic Instruments, MTS (PCB Piezotronics), Dytran Instruments, Metrix Instrument, Hansford Sensors, CEC Vibration Products, Jewell Instruments, and others
The market is highly competitive, due to large number of participants and growing emphasis in the development and introduction of innovative product by leading players.
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Report Scope
Report Attribute
Details
Growth Rate
CAGR of 3% to 4% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015-2020
Forecast Period
2022-2032
Quantitative Units
Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Type
Form
Application
End Use
Region
Countries Covered
North America
Latin America
Europe
CIS & Russia
APEJ
Japan
Middle East and Africa
Key Companies Profiled
MTS (PCB Piezotronics)
Bruel and Kjaer
Meggitt Sensing Systems
Honeywell
KISTLER
RION
Measurement Specialties
Dytran Instruments
Vibrasens
Kyowa Electronic Instruments
Metrix Instrument
DJB Instruments
Jewell Instruments
CEC Vibration Products
ASC sensors
Hansford Sensors
CESVA
IMV CORPORATION
Customization
Available Upon Request
Key Segments Profiled in the Piezoelectric Accelerometer Market Survey
Stability and Positioning of Drones and Unmanned Aerial Vehicles
Impact Testing
Vehicle Stability Control
Others
By End Use:
Aerospace and Defense
Automotive
Pharmaceuticals and Chemicals
Semiconductors & Electronics
Energy/Power
General Industrial
Others
By Region:
North America
Latin America
Europe
CIS & Russia
APEJ
Japan
Middle East and Africa
Frequently Asked Questions
What is the demand outlook for piezoelectric accelerometer in the global market until 2032?
FMI projects the demand for piezoelectric accelerometer in the market is expected to rise at 3% to 4% value CAGR by 2032
Which region is forecast to be the most lucrative for piezoelectric accelerometer market growth?
The global piezoelectric accelerometer market is anticipated to be dominated by Asia Pacific excluding Japan over the forecast period 2022-2032.
Which are some leading piezoelectric accelerometer manufacturers?
Honeywell, Meggitt Sensing Systems, Measurement Specialties, Kyowa Electronic Instruments, MTS (PCB Piezotronics), Dytran Instruments, Metrix Instrument, Hansford Sensors, CEC Vibration Products, Jewell Instruments, and others are some of the leading players in the prominent piezoelectric accelerometer market.
