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Global MEMS accelerometer market: 8.2% CAGR growth forecast between 2012-16
Global MEMS Accelerometer Market 2012-2016 - a new market research report on 2014-03-26 08:55:01
The Global MEMS Accelerometer market is to grow at a CAGR of 8.2 percent over the period 2012-2016. One of the key factors contributing to this market growth is the decline in the prices of MEMS accelerometers. The Global MEMS Accelerometer market has also been witnessing the increasing usage of MEMS accelerometers in laptops. However, the high competition among vendors could pose a challenge to the growth of this market.
One of the major trends witnessed in the Global MEMS Accelerometer market is the increasing number of MEMS accelerometer applications in safeguarding laptop hard disks. A MEMS accelerometer safeguards a laptop´s hard disk with its free-fall sensor. This sensor detects and sends out a signal in case of an accidental drop or fall. As the signal is received, a safety measure is applied. For example, the rear head of a hard disk is safely covered when it falls, to prevent a head crash that could result in data loss upon impact. The increasing need for high-capacity hard disk drives in small devices such as laptops is compelling laptop vendors to use MEMS accelerometers to prevent loss of data. Many companies such as IBM Corp., Apple Inc., and Toshiba Corp. have used MEMS accelerometers in their highly advanced laptops.
One of the major drivers in this market is the decline in the prices of MEMS accelerometers. The ASP of MEMS accelerometers reduced by approximately 10 percent in 2011 when compared to the previous year, and is further expected to decline during the forecast period.
One of the major challenges in the market is the high competition among vendors. Increased competition is forcing vendors to provide MEMS accelerometer devices at lower prices than their competitors. This is affecting the growth of the market.
The key vendors dominating this market space are STMicroelelctrionics NV, Robert Bosch GmbH, Kionix Inc., and Freescale Semiconductor Inc.
Other vendors are MEMSIC, Inc., and Analog Devices Inc.
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