Research and Markets has included a new report titled ‘Global MEMS Accelerometer Market 2011-2015’ to its catalogue.
According to the report, the falling price of MEMS accelerometers due to bulk volume production is one of the growth factors of this market. The usage of MEMS accelerometers in cameras and in the protection of laptop hard disks is also ever-increasing. A still camera can take a picture clearly with the help of an MEMS accelerometer, which also enables image stabilization in camcorders. The market has also been witnessing an increase in the usage of MEMS accelerators in numerous mobile phone cameras.
In digital cameras, MEMS accelerators detect the orientation of a picture being taken and also rotate the picture when a user views it. All these attractive features have increased the interest of end-users towards cameras, which in turn triggers the growth of MEMS accelerators. The report predicts that the market is expected to grow at 17.5% CAGR over the reporting period between 2011 and 2015. However, a major challenge affecting the growth of the global MEMS accelerometer market is the high production cost.
Geographic markets covered in the report include the Americas, APAC regions and the EMEA. The report provides forecast data pertaining to market landscape and growth prospects. Key players profiled in the report include STMicroelectronics, Kionix, Freescale Semiconductor and Bosch Sensortech. The report analyzes major market growth drivers and challenges and their impact on the market. It is helpful to decision makers to understand the major trends affecting the global MEMS accelerometer market.