Accelerometer Market: Technological Advancements And Move Towards Digital World Driving Revenue Growth 2018 - 2026
Accelerometer Market – Snapshot The accelerometer market in different regions across the world is undergoing a diverse phase. North America and Europe are mature regions of the global market, due to presence of better health care facilities and industries in these regions. On the other hand, developing countries in Asia Pacific and Middle East & Africa, which are undergoing modernization and adopting industrial automation to upgrade medical facilities, consumer electronics components, and industrial processes, are witnessing increase in the demand for accelerometers. This, in turn, is driving the global accelerometer market. The global accelerometer market is projected to expand at a CAGR of 4.6% during the forecast period and reach value of US$ 2,489.6 Mn by 2026. Growing adoption of micro electromechanical system (MEMS) accelerometers in high-end applications, led by their advantages such as enhanced performance, small size, and low power consumption, ...