Piezoelectric Accelerometer Market - Regional Analysis
North American Market Insights
North America industry is predicted to account for largest revenue share of 30% by 2035. 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 Insights
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.
