Piezoelectric Accelerometer Market size is poised to cross USD 10 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of piezoelectric accelerometer was USD 5 Billion. The major element for the growth of this market is the growing demand for automotive. The total amount of cars sold around the globe soared from close to 65 million in 2021 to almost 66 million in 2022. A piezoelectric accelerometer is used in crash testing, engine performance monitoring, and vehicle dynamics testing. As a result, the market is projected to surge over the coming years.
Additionally, technological developments are also propelling the piezoelectric accelerometer market, particularly with regard to the growing applications of MEMS (Micro-Electro-Mechanical Systems) and nanoelectronics. These methods enable piezoelectric accelerometers to be smaller, more precise, and more affordable. More people are using these technologies, and it is expected that this trend is projected to continue in the years to come.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~5% |
Base Year Market Size (2023) |
~ USD 5 Billion |
Forecast Year Market Size (2036) |
~ USD 10 Billion |
Regional Scope |
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Form (Piezoelectric Charge (PE) Accelerometers, Integrated Electronics Piezo-Electric (IEPE) Accelerometers)
The piezoelectric charge (PE) accelerometers segment in the piezoelectric accelerometer market is projected to gather the highest revenue share of about 60% over the forecast period. The most popular type of accelerometers for use in testing and measurement applications are piezoelectric (PE) models. These devices come in a variety of sizes, forms, weights, and sensitivities, and they have a very broad measurement frequency range. There are PE accelerometers that may produce voltage or charge (IEPE). They are suitable for vibration and shock measurements. Furthermore, since piezoresistive (PR) accelerometers often have limited sensitivity, they are more suited for measuring vibration than shock. They are also often utilized in crash tests for transportation. PR accelerometers can monitor long-duration transients as they typically have a wide bandwidth and a frequency response that drops to 0 Hz (commonly referred to as "DC responding") or steady state.
End Use (Aerospace & Defense, Automotive, Pharmaceuticals & Chemicals, Semiconductor & Electronics, Energy/Power, General Industrials)
The aerospace & defense segment in the piezoelectric accelerometer market is poised to generate the largest revenue share of over 30% over the coming years. The major factor to influence the growth of this segment is the rising demand for aircraft. For instance, notwithstanding the coronavirus pandemic, over 25,577 aircraft were expected to be in service globally in 2022. The majority of turbulence that aircraft encounter is mild, which causes unpredictable shifts in attitude or height. For small aircraft, moderate turbulence may appear as severe turbulence. When turbulent conditions are encountered by the airplane, passengers experience discomfort. As a result, the aircraft is equipped with piezoelectric accelerometers to identify turbulence. It recognizes when the aircraft suddenly loses height or attitude. Furthermore, the wing flaps may be instantly adjusted in a split second by sending correction signals. As a result, OEMs of aircraft are going to encourage the use of piezoelectric accelerometers due to concerns about lessening the effects of turbulence. This will ultimately lead to a rise in demand for the product throughout the projected timeframe.
Our in-depth analysis of the global piezoelectric accelerometer market includes the following segments:
Type |
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Form |
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Application |
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End Use |
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North American Market Forecast
The North America piezoelectric accelerometer market is estimated to gather the highest revenue share of over 30% over the coming years. This growth is set to be influence by rising air traffic passengers. Airports in North America saw a strong rebound in foreign passenger traffic in 2022, up about 116 percent over the previous year. In a similar vein, domestic passenger traffic increased by approximately 24% over 2021. Additionally, the increased need for more modern aircraft has also increased the need for sophisticated INS and related subsystems and parts, such as gyroscopes and accelerometers.
APAC Market Analysis
The Asia Pacific piezoelectric accelerometer market is also set to have notable growth over the coming years. This growth is set to be influenced by rising demand for autonomous vehicles. Additionally, the disposable income of people in this region is also surging. This is why they have been seen adopting autonomous vehicles significantly hence further boosting the market growth. Moreover, the government in this region is also investing heavily in defense which is further encouraging the deployment of piezoelectric accelerometers. Additionally, there are a lot of well-established businesses and high levels of industrialization in this region. Hence, this factor is also projected to dominate the piezoelectric accelerometer market expansion in this region.
Author Credits: Abhishek Verma
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