Piezoelectric Accelerometer Market Trends

  • Report ID: 5745
  • Published Date: Feb 28, 2024
  • Report Format: PDF, PPT

Piezoelectric Accelerometer Market Trends

Growth Drivers

  • Rising Production of Sensor Technology in Aircraft - Sensor systems are starting to take on a bigger role in aircraft design. Compiling data on load, temperature, strain, and pressure provides an intricate history of the condition of various aircraft parts and may give early warning signs of issues. In order to assure a decrease in the time required during the conversion of raw data into an actual set of usable information, the need for sensor systems within aircraft operations is driving up the necessity for hiring a more qualified professional for data parsing. Moreover, the expansion of pressure and accelerometer sensors in INS will facilitate the integration of additional airframe data. The total cost of operating an aeroplane is going down since more data can become accessible for maintenance and control. Thus, it is anticipated that these creative strategies will attract more funding—both public and private—to the market for the creation and application of sensor fusion technology, which will drive piezoelectric accelerometer market expansion throughout the course of the projection period.
  • Growing Adoption of Smartphones - As of 2024, there are approximately 5 billion smartphone users around the world, or about 84% of the global population, who possess a smartphone. Usually, piezoelectric sensors are used in smartphone accelerometers. A piezoelectric crystal that has been accelerated in a certain direction experiences a tiny compression, which results in the production of a detectable voltage signal. Greater compression and voltage are produced in proportion to acceleration. Monitoring acceleration over time may be utilized to determine velocity, while monitoring velocity over time can be used to determine position.
  • Surge in Use of Wireless Piezoelectric Accelerometer - More and more people are employing wireless piezoelectric accelerometers as they do not require wired connections to transfer data. Numerous advantages result from this, including reduced installation costs and delays, increased sensor location freedom, and a decreased likelihood of cable interference. Wireless piezoelectric accelerometers are especially helpful in hard situations or places where running wires is difficult, such as outdoor spaces, manufacturing facilities, and rotating machinery. The applications of wireless piezoelectric accelerometers are growing as a result of advancements in wireless communication technologies such as Bluetooth Low Energy (BLE) and Zigbee.

Challenges

  • High Cost of Piezoelectric Accelerometer
  • Strict Certification Requirements for Piezoelectric Accelerometers Used in Commercial Aircraft - The competitors in the worldwide piezoelectric accelerometer market for commercial aircraft must follow strict regulatory guidelines while designing and developing navigation systems. In the US, the FAA oversees commercial aviation, while the EASA is in charge of it in Europe. These rules must be followed by aviation companies in order to produce high-quality goods. The primary cause of all INS issues is incorrect data from accelerometers and gyroscopes. These inputs will produce inaccurate positional data for the aircraft. Moreover, the certification procedure is more difficult when accelerometers are interfaced with other systems and combined with gyroscopes. Stricter regulations make it more difficult for new suppliers to enter the market, which will impede the expansion of the worldwide piezoelectric accelerometer market for commercial aircraft throughout the projected timeframe.
  • Lack of Efficiency of Piezoelectric Acceleromete

Piezoelectric Accelerometer Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 5745
  • Published Date: Feb 28, 2024
  • Report Format: PDF, PPT

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.
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