MEMS Gyroscopes

MEMS Gyroscopes

Global MEMS Gyroscopes Market to Reach US$4.0 Billion by 2030

The global market for MEMS Gyroscopes estimated at US$2.4 Billion in the year 2023, is expected to reach US$4.0 Billion by 2030, growing at a CAGR of 7.5% over the analysis period 2023-2030. Consumer / Mobile Application, one of the segments analyzed in the report, is expected to record a 8.1% CAGR and reach US$2.1 Billion by the end of the analysis period. Growth in the Automotive Application segment is estimated at 7.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$639.8 Million While China is Forecast to Grow at 7.0% CAGR

The MEMS Gyroscopes market in the U.S. is estimated at US$639.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$621.4 Million by the year 2030 trailing a CAGR of 7.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.8% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.

MEMS Gyroscopes - Key Trends and Drivers

Micro-Electro-Mechanical Systems (MEMS) gyroscopes are miniature devices that measure angular velocity and orientation using the principles of Coriolis force. These tiny sensors have revolutionized various industries due to their compact size, low power consumption, and high accuracy. MEMS gyroscopes are integral to the functionality of many modern devices, from smartphones and gaming controllers to automotive and aerospace systems. Their working principle involves a vibrating structure whose movement is impacted by the Coriolis effect when the device is rotated. This effect is then translated into electrical signals to determine the rate and direction of rotation. The advent of MEMS technology has allowed gyroscopes to be fabricated using silicon, which reduces manufacturing costs and enables mass production, making these sensors ubiquitous in today`s technology-driven world.

The application of MEMS gyroscopes spans across diverse fields. In consumer electronics, they enhance user experiences by providing precise motion sensing capabilities for smartphones, tablets, and gaming consoles. In the automotive industry, MEMS gyroscopes are crucial for advanced driver-assistance systems (ADAS) and electronic stability control (ESC), ensuring vehicle safety and performance. Aerospace and defense sectors utilize these gyroscopes for navigation and control in aircraft, drones, and missiles, where accuracy and reliability are paramount. Additionally, MEMS gyroscopes are employed in medical devices for patient monitoring and diagnostics, as well as in industrial robotics and machinery for motion detection and control. Their ability to function reliably in various environmental conditions and their integration into Internet of Things (IoT) devices further underline their versatility and indispensability.

The growth in the MEMS gyroscopes market is driven by several factors. The increasing demand for consumer electronics with enhanced user interfaces is a significant driver, as MEMS gyroscopes provide the necessary motion sensing for applications like augmented reality (AR) and virtual reality (VR). In the automotive industry, the push towards autonomous vehicles and more sophisticated ADAS features necessitates advanced MEMS gyroscopes for accurate motion detection and control. The proliferation of IoT devices, which require precise and compact sensors, is also contributing to market expansion. Furthermore, advancements in manufacturing technologies, such as the development of more efficient and cost-effective fabrication processes, are making MEMS gyroscopes more accessible. The growing focus on miniaturization and the integration of MEMS gyroscopes in emerging technologies, such as wearable devices and smart home applications, are additional factors fueling market growth. As these trends continue to evolve, the demand for MEMS gyroscopes is expected to rise, driving further innovation and development in the field.

Select Competitors (Total 33 Featured) -

• Altheris BV
• Analog Devices, Inc.
• Bosch Sensortec GmbH
• Colibrys Ltd.
• Dytran Instruments, Inc.
• EFT Sensing System Ltd.
• Epson Electronics America, Inc.
• Freescale Semiconductor Inc.
• Gladiator Technologies, Inc.
• InvenSense, Inc.
• Kionix, Inc.
• Memsense LLC
• Moog, Inc.
• Murata Manufacturing Co., Ltd.
• Panasonic Corporation
• Silicon Sensing Systems Ltd.
• STMicroelectronics NV
• Texas Instruments, Inc.
• VectorNav Technologies LLC

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.