MEMS Accelerometer and Gyroscope Market 2021 Precise Outlook - Analog Devices Inc., Bosch Sensortec GmbH, Honeywell International Inc., Microchip Technology

Global MEMS Accelerometer and Gyroscope Market Size, Status and Forecast 2021-2025

The MEMS Accelerometer and Gyroscope market report is the most important research for who looks for complete information on the MEMS Accelerometer and Gyroscope market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, MEMS Accelerometer and Gyroscope market scenario, and feasibility study are the vital aspects analyzed in this report.

The MEMS Accelerometer and Gyroscope Market is expected to register a CAGR of 9.73% over the forecast period from 2020 to 2025. 

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Top Leading Companies of Global MEMS Accelerometer and Gyroscope Market are Analog Devices Inc., Bosch Sensortec GmbH, Honeywell International Inc., Microchip Technology, Inc., Murata Manufacturing Co., Ltd., NXP Semiconductors N.V., STMicroelectronics N.V., InvenSense Inc. (TDK), KIONIX Inc. (ROHM), Northrop Grumman Litef GmbH and others.

The leading players of the MEMS Accelerometer and Gyroscope industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed based on production volume, gross margin, market value, and price structure. The competitive market scenario among MEMS Accelerometer and Gyroscope players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape business growth.

Industry Developments:

- June 2020 - Bosch Sensortec announced that it has been developing sensor software solutions in collaboration with Qualcomm Technologies, through its Qualcomm Platform Solutions Ecosystem program. First developments include an angle detection algorithm for Bosch Sensortec's IMUs (Inertial Measurement Units), allowing the detection of various states in foldable smartphones. IMUs include BMI260, which combines a self-calibrating gyroscope with an accelerometer in one system-in-package (SiP).
- June 2020 - Analog Devices, Inc. announced its high-precision inertial measurement unit (IMU) had been selected by CHC Navigation to enable its next-generation, real-time kinematic (RTK) rover receiver, which can achieve high-precision and high-efficiency positioning and measurement at any position through the combination of satellite and inertial positioning. ADI's IMU combines the precision gyroscope and accelerometer on multiple axes, which can reliably sense and process data with numerous degrees of freedom even in extremely complicated applications and dynamic conditions.

Key Market Trends

Automotive is Expected to Hold Significant Share

- The MEMS accelerometer and gyroscope play an essential role in improving the safety features of vehicles. With the evolution of autonomous driving, the demand for these sensors is expected to increase multiple -fold for safety -based applications and create opportunities in the market. In March 2019, the European Commission announced a revision of the General Safety Regulations to make autonomous safety technologies a mandatory requirement for vehicles manufactured in Europe, in a bid to bring down accident levels in the region. Stringent regulations are pushing the automotive vendors to implement the latest MEMS sensor-based systems. This is creating opportunities for the market.
- Further, crash sensing for airbag control is driving the demand for inertial MEMS sensors. Companies, such as Analog Devices, Bosch, and STMicroelectronics, among others, have been instrumental in developing MEMS-based accelerometer sensors specified for a temperature range extending from -40 C to +125 C, which is suitable for enabling passive safety during the crash. Companies, such as STMicroelectronics, offer automotive-grade MEMS sensors, the ASM330LHH, to meet the current sensor demands from modern cars. The sensor integrates a 3 D digital accelerometer, gyroscope, and hardware to address automotive in non -safety applications
- Furthermore, currently, vehicles are usually positioned using GPS/GNSS. However, in practical applications, GNSS satellite signals are not wholly reliable in concentrated urban areas with high buildings and overpasses. Besides, basement parking lots, tunnels, dense trees, and other sheltered environments can reduce positioning accuracy. Therefore to improve the efficiency of navigation, Dead Reckoning navigation becomes necessary. In context to Dead Reckoning navigation, in January 2020, Aceinna launched its OpenRTK330 L at CES 2020, a low -cost, high -performance triple-band RTK/GNSS receiver with built-in triple-redundant inertial sensors. It is designed to replace the expensive RTK/INS systems currently used in autonomous systems
- A player such as Locosys Technology Inc. provides Locosys MC -1612 -DG, a single -band multi-system with an ARM-based processor that supports GPS, GLONASS, Galileo, QZSS, and SBAS. The embedded micro-electro-mechanical systems (MEMS) sensor is equipped with dead -reckoning software and provides a six-axis accelerometer and gyroscope data. The dead -reckoning features to boost accuracy with the software filling the gaps in the GNSS conditions such as urban canyons, tunnels, or parking garages.

North America is Expected to Hold Major Share

- North America accounts for significant market growth due to its various applications in the healthcare, automotive, and defense sectors. With the high use of MEMS sensors in the advanced healthcare equipment such as Bio-MEMS is expected to drive the demand for MEMS sensors in the region. Government entities in the region are also investing extensively in the manufacturing facilities of the MEMS-based microfluidic chips.
- Moreover, according to the National Health Expenditure Accounts (NHEA), the healthcare spending in the United States grew by over 4.6% in 2018 and has reached USD 3.6 trillion or USD 11,172 per person accounting for 17.7% of its GDP indicating investment in addressing these trend and is anticipated to complement the MEMS sensor market demand.
- For instance, in June 2019, NASA invested USD 125,000 as phase-I funding for the project by Techshot to develop in-Space manufacturing of microfluidic chips for use in biological research aboard the International Space Station. Moreover, key MEMS sensor vendors in the region are also adopting product innovation strategies to cater to advanced offerings across the industries.
- Stringent government regulations regarding passenger safety and significantly growing automotive and aerospace industries are driving the MEMS accelerometer and gyroscope market in North America. The emergence of information technology (IT), coupled with the increased usage of IoT across a wide range of manufacturing, industrial, and automotive applications, has added a new dimension to conducting business operations in the region.
- Further, for seizing the growth opportunities, the MEMS manufacturers in the region are actively seeking production expansions. For instance, in December 2019, equipment and process solutions provider - SUSS MicroTec announced to enter a partnership BRIDG to invest in focused production process technologies, advanced system integration, and 200mm MEMS fabrication to advancing next-generation nanoscale technology.

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Crucial Elements from the Table of Contents of Global MEMS Accelerometer and Gyroscope Market:

- MEMS Accelerometer and Gyroscope Market Overview
- Global MEMS Accelerometer and Gyroscope Market Competition, Profiles/Analysis, Strategies
- Global MEMS Accelerometer and Gyroscope Capacity, Production, Revenue (Value) by Region (2016-2021)
- Global MEMS Accelerometer and Gyroscope Supply (Production), Consumption, Export, Import by Region (2016-2021)
- Global MEMS Accelerometer and Gyroscope Market Regional Highlights
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions for the present scenario
- Global MEMS Accelerometer and Gyroscope Market Forecast (2021-2025)
- Case Studies
- Research Findings and Conclusion

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the MEMS Accelerometer and Gyroscope Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The MEMS Accelerometer and Gyroscope industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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