Piezoelectric Accelerometer Market Size

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.

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are rising production of sensor technology in aircraft, growing adoption of smartphones, and surge in use of wireless piezometer accelerometer.

The market size of piezometer accelerometer is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024 - 2036.

The major players in the market are Endevco, PCB Piezotronics, Inc., Dytran Instruments Incorporated, Meggitt SA, and others.

The piezometer charge (PE) accelerometer segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Piezoelectric Accelerometer Market Size