Thursday 16 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global MEMS Accelerometer Market: Robert Bosch GmbH, Freescale Semiconductor Inc., InvenSense Inc. and STMicroelectronics NV.
Other Prominent Vendors in the market are: Kionix, mCube and Memsic.
The report said: “The increasing number of new applications is one key trend emerging in the market. Consumers are increasingly demanding smart devices such as fitness and health devices, smartwatches, and GPS-enabled devices, which have increased the demand for MEMS accelerometers.”
According to the report, high demand for MEMS accelerometers in mobile devices is one of the major drivers of the market. MEMS accelerometers are required to be integrated in mobile devices such as smartphones and tablets to enhance the screen orientation, gaming, and GPS connectivity.
Further, the report states that high competition among vendors is one of the major challenges in the market. The increased competition in the market is forcing vendors to provide MEMS accelerometer devices at low prices, which is directly affecting their revenue and the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.