Global G Meter Market Size By Product (MEMS G Meter, Piezoelectric G Meter), By Application (Consumer Electronics, Aerospace And Defense), By Geographic Scope And Forecast

G Meter Market Size And Forecast

G Meter Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

The use of G meters in aerospace & civil applications, their high-frequency response nature, and the integration of G-meters with micromechanical systems (MEMS) are likely to drive the market over the predicted years. The Global G Meter Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global G Meter Market Definition

G meter is an electromechanical device used to measure acceleration forces i.e. either static or dynamic. They are popularly known as an accelerometer. Static forces include gravity while dynamic forces include vibrations and movements. The acceleration is determined using capacitive plate movement among each other. G meters are also used to identify how quickly an object can speed up and slow down within a given time frame. Various ways for the functioning of accelerometers include piezoelectric effect and capacitance sensing.

G meters can also be used to measure shocks. There are two formats of G meters i.e. analog and digital depending on the type of interface provided by the device. Unit of measurement used by these meters are meters per second square or in G-forces. G meters are used in aerospace and civil applications and also in microrobots, drones, and military applications. They can measure accelerations in one, two, and three axes. There are three types of G meters available i.e. MEMS, Piezoelectric, and Piezoresistive.

Global G Meter Market Overview

The use of G meters in aerospace & civil applications and the integration of G-meters with micromechanical systems (MEMS) are likely to drive the market over the predicted years. Additionally, durable construction, high-frequency response, and a wide range of applications such as micro-robots, drones, & military applications are expected to leverage the market in the coming years. There are certain restraints and challenges faced which can hinder market growth. Higher costs associated with G meters can act as a market restraint.

Global G Meter MarketSegmentation Analysis

The Global G Meter Market is Segmented on the basis of Product, Application, and Geography.

G Meter Market, By Product

• MEMS G Meter
• Piezoelectric G Meter
• Piezoresistive G Meter

Based on Product, the market is bifurcated into MEMS G Meter, Piezoelectric G Meter, and Piezoresistive G Meter. MEMS G Meter is expected to hold the largest market share. MEMS G meters are used to measure linear motion, movement, shock, or vibration. However, they are utilized without any fixed reference measure of the linear acceleration of the product to which they are attached to.

G Meter Market, By Application

• Consumer Electronics
• Aerospace and Defense
• Automotive
• Healthcare
• General Industrial
• Others

Based on Application, the market is bifurcated into Consumer Electronics, Aerospace and Defense, Automotive, Healthcare, General Industrial, and Others. The automotive segment is anticipated to occupy a major share of the global market. The rapidly flourishing automotive sector along with the growing need for precision engineering for the same is anticipated to drive the consumption of G-meters in automotive applications over the forecast period.

G Meter Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on regional analysis, the Global G Meter Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is anticipated to be the largest market whereas Asia Pacific is expected to exhibit the highest CAGR. Rapidly flourishing automobile, healthcare, aerospace, and electronic industries in these regions are expected to further propel the demand for g meters in their application over the forecast period.

Key Players

The “Global G Meter Market ” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Murata Manufacturing, Honeywell, NXP Semiconductors, Analog Devices, TDK, Safran Colibrys, KVH Industries, Northrop Grumman, Robert Bosch, STMicroelectronics, Rockwell Automation, Meggitt, Kearfott, Al Cielo. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations and Agreements

• 2022 – May Honeywell and Narayana Hrudayalaya Limited (Narayana Health) have signed a non-binding memorandum of understanding (MoU) to identify, assess, and collaborate on opportunities for the latter’s digital transformation journey.
• In February of 2022, Honeywell India’s philanthropic arm, Honeywell Hometown Solutions India Foundation (HHSIF), and the Indian Institute of Science’s Society for Innovation and Development (SID) have extended their partnership to support 13 new startups to promote deep science research and development (R&D) and local innovation.

Product Launch

• August 2017Murata Manufacturing Co., Ltd. has developed the world’s smallest encoder switch, the micro-ES, an ultra-small rotary encoder with switch.

Mergers and Acquisitions

• Murata will buy IPDiA, a leader in high-performance silicon capacitors, in October 2016. Murata’s position as the world’s leading provider of high-reliability capacitors will be strengthened as a result of the acquisition.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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