The High-end Accelerometer Market size is estimated at USD 290.16 million in 2024, and is expected to reach USD 416.95 million by 2029, growing at a CAGR of 7.52% during the forecast period (2024-2029).
The high-end accelerometer market witnessed supply chain difficulties in the initial phase of the COVID-19 pandemic. The demand from some industries was also down during the first half of 2020. Industries like automotive and manufacturing were significantly affected. However, the COVID-19 pandemic has also expanded the scope of MEMS sensors, like high end accelerometers, for many new applications.
The high-end accelerometer market consists of some major players, and in terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability.
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