G Meter Market Forecasts to 2030 - Global Analysis By Product, Application and By Geography

According to Stratistics MRC, the Global G Meters Market is accounted for $6.65 billion in 2023 and is expected to reach $12.26 billion by 2030 growing at a CAGR of 9.13% during the forecast period. An electromechanical tool called a "G meter" is used to quantify static or dynamic acceleration forces. A common name for them is an accelerometer. Capacitive plate movement between each other is used to calculate the acceleration. G meters are also used to measure how quickly an object can change direction within a predetermined amount of time. Piezoelectric effect and capacitance sensing are two methods by which accelerometers can operate. The piezoelectricity was measured using G meters as well. Depending on the kind of interface the developer uses these meters per second-square or in G-forces as their units of measurement. They are capable of measuring accelerations along one, two, or three axes. There are three different kinds of G meters: MEMS, piezoelectric, and piezoresistive.

According to the National Highway Traffic Safety Administration (NHTSA), the use of g-meters in vehicle testing and analysis can provide important data on the forces and stresses experienced by a vehicle and its occupants, helping to improve safety and reduce the risk of accidents and injuries. NHTSA recommends the use of g-meters in testing and analysis of vehicle safety systems and designs.

Market Dynamics:

Driver:

Enhanced driving performance

The global G Meters market expected to drive growth during the forecast period. G-meters can yield a lot of information on the forces that a vehicle encounters during acceleration, braking, and cornering. The design and functionality of a vehicle can be improved in a number of ways using this data. G-meter data, for instance, can be utilized to optimize the suspension settings, modify the aerodynamics, or choose the optimum tires for a specific driving situation. Engineers can enhance the handling, stability, and general performance of a vehicle by making changes based on g-meter data.

Restraint:

Expensive maintenance costs

The global G Meters market expected to hinder growth during the forecast period. One of the biggest obstacles to the market's growth is the high expense of maintaining G meters as load variables on the body increase. G-meters can be costly to buy and install in a car, especially if they are high-precision tools made for professional testing or racing. Because of this, they could be out of reach for some users, especially those on a restricted budget or who do not need the high level of precision that expensive g-meters can deliver.

Opportunity:

Training and development for drivers

The global G Meters market expected to drive growth during the forecast period. G-meters can be a useful tool for developing and teaching drivers. Drivers can learn to adjust their driving style for best performance and safety by keeping track of the g-forces felt throughout various driving manoeuvres. A g-meter, for instance, can help a driver determine how much lateral or longitudinal force they can withstand through a specific turn and then concentrate on refining their technique to lessen the amount of force felt. The performance of several drivers can also be compared using G-meters, allowing for more focused training and advancement.

Threat:

Insufficient utility for driving on a daily basis

The global G Meters market expected to hamper growth during the forecast period. G-meters are important for testing, racing, and driver training; however, they might not be very helpful for regular driving. Normal driving conditions often include g-forces that are considerably below the upper limits of what most vehicles and drivers can tolerate; therefore, the data a g-meter provides may not be very helpful under these circumstances. The data provided by some g-meters may also need specialized software or tools to be analyzed, which can further reduce its value for regular drivers.

COVID-19 Impact:

Due to the COVID pandemic's severe effects on the automotive industry, the market was significantly impacted. Additionally, the mechanical automation sector's production capacities have decreased as a result of the strict lockdown conditions. A crucial supportive factor that is anticipated to restrain the market's growth is the lack of supply to inventories around the world as a result of transportation and shipment failures during the pandemic. Moreover, Due to increased manufacturing by major market players and the rescheduling of shipments halted during the pandemic period toward inventories and distributors around the world, factors such as the reopening of G Meter production facilities post-pandemic and the restoration of transportation capabilities are expected to propel market growth during the forecast period.

The MEMS g meter segment is expected to be the largest during the forecast period:

The MEMS G Meter segment is expected to have a largest share over the forecast period. The MEMS G Meter is a tool used for irrigation that measures the amount of water in the soil. It utilizes two platinum electrodes connected by a stainless steel meshwork and operates on an electrochemical principle. As water percolates through the soil to reach the meter, an electrical current is created by the flow of electricity between the electrodes and is measured. A significant factor supporting the segment's growth over the projection period is the growing influence of G meters over MEMS-driven systems like rovers, micro-drones, and military applications in emerging economies.

The Consumer electronics segment is expected to have the highest CAGR during the forecast period:

The Consumer electronics segment is anticipated to witness the fastest CAGR growth during the forecast period. The growing prevalence of geophones in smartphones has increased the demand for precise gravimetry instruments that are sensitive enough not to be affected by accidental drops or shakes. In comparison to MEMS devices, which measure mass more precisely than piezoresistive devices, piezoelectric g-meters are more affordable and easier to use, which has led to their significant adoption.

Region with largest share:

The North America region market is estimated to witness a largest share of the global G Meters market during the forecast period. A significant factor driving market expansion is the exponential rise of digital G meters in the area. Additionally, manufacturers' growing interest in R&D for G-meter production is a crucial factor expected to drive the market forward. In addition, the region's diverse use of G meters in industries like aerospace, transportation, and defense is a factor in the market's expansion.

Region with highest CAGR:

Asia-Pacific is most likely to experience the fastest growth during the forecast period. The gradual adoption of novel products in the automotive industry by the region is credited with driving market growth in the area. Manufacturers are mainly concentrating on the adoption of speed calculation technologies in passenger cars and commercial vehicles, with China dominating the market and being followed by India and Japan. Due to rising foreign investment and supportive government industrialization policies in a variety of industries, including manufacturing, construction, energy and utilities, among others, Asia Pacific has been experiencing rapid economic growth.

Key players in the market

Some of the key players in G Meters market include Al Cielo, Duotech, Falcon Gauge, Flight Data Systems, Grand Rapids Technologies , Honeywell International., Inc., Kearfott, KVH Industries, Meggitt, Murata Manufacturing , Northrop Grumman, NXP Semiconductors, Robert Bosch, Rockwell Automation , Safran Colibrys, STMicroelectronics, TDK Corp, Turnkey Instruments and Vans Aircraft.

Key Developments:

In February 2023, KVH Industries, Inc, today announced that it has entered into a support agreement with Black Diamond Capital Management, L.L.C. and certain of its affiliates.

In February 2023, The Technology M&A and Activism and Takeover Defense teams advised KVH Industries, Inc. (Nasdaq: KVHI) and its Board of Directors in connection with its definitive cooperation agreement with Black Diamond Capital Management, L.L.C. and certain of its affiliates.

In February 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.

Products Covered:

• MEMS G Meter
• Piezoelectric G Meter
• Analog G Meters
• Digital G Meters
• Piezoresistive G Meter
• Other Products

Applications Covered:

• Consumer Electronics
• Military Aircrafts
• Civil Aircrafts
• Automotive
• Healthcare
• General Industrial
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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