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Piezoelectric Accelerometer Market

Market Insights on Piezoelectric Accelerometer covering sales outlook, demand forecast & up-to-date key trends

Piezoelectric Accelerometer Market by Type, Form, Application & Region - Forecast 2022 - 2032

Piezoelectric Accelerometer Market Outlook

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)

US$ 800 Million

Piezoelectric Accelerometer Market Projected Growth Rate (2022-2032)

3% to 4% CAGR

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.

Nikhil Kaitwade
Principal Consultant
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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

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Key Segments Profiled in the Piezoelectric Accelerometer Market Survey

By Type:

  • High Impedance
  • Low Impedance

By Form:

  • Piezoelectric Charge (PE) Accelerometers
  • Integrated Electronics Piezo-Electric (IEPE) Accelerometers

By Application:

  • Engine Knock Sensors
  • Vibration Testing and Monitoring
  • Shock Pulse Monitoring of Motor Bearings
  • Inertial Navigation
  • 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

FMI projects the demand for piezoelectric accelerometer in the market is expected to rise at 3% to 4% value CAGR by 2032

The global piezoelectric accelerometer market is anticipated to be dominated by Asia Pacific excluding Japan over the forecast period 2022-2032.

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.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Piezoelectric Accelerometer Market