Micro-Electromechanical Systems (MEMS) Gyroscopes Market Development, Growth Opportunities By Forecast 2033

The micro-electromechanical systems (MEMS) gyroscopes market size has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to demand for consumer electronics, growth of automotive applications, emergence of wearable devices, cost reduction.

The micro-electromechanical systems (MEMS) gyroscopes market size is expected to see strong growth in the next few years. It will grow to $3.30 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to expansion of IoT applications, growth in wearable health tech, autonomous vehicles and robotics, regularity compliance. Major trends in the forecast period include ultra-miniaturization, enhanced performance, multi-axis gyroscopes, low-power designs, sensor fusion, advanced calibration techniques.

Market Overview -
Micro-electromechanical systems (MEMS) gyroscopes refer to miniaturized sensors that measure angular velocity or rotation rate and operate on the principle of the Coriolis effect, which causes a force to act on a mass moving in a rotating system. Due to their compact size, affordability, and minimal power consumption relative to traditional gyroscopes, MEMS gyroscopes are widely employed in various applications, including consumer electronics (e.g., smartphones, gaming controllers), automotive navigation systems, aerospace technology, and industrial instrumentation.

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MEMS Gyroscopes Ride The Wave Of Surging Automotive Production
The rising production of automotive vehicles is expected to propel the growth of the micro-electromechanical systems (MEMS) gyroscope market going forward. Automotive vehicles are self-propelled vehicles designed primarily for road, street, and highway transportation. It arises because of advancements, environmental regulations, and consumer preferences. Micro-electromechanical systems gyroscopes are used for automotive vehicles to enhance rotational motion and orientation's safety, performance, and functionality. For instance, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturer association, the global production of motor vehicles reached 85.4 million units in 2022, reflecting a notable increase of 5.7% compared to 2021. Therefore, the rising production of automotive vehicles is driving the growth of the micro-electromechanical systems (MEMS) gyroscope market.

Competitive Landscape -
Major companies operating in the micro-electromechanical systems (MEMS) gyroscopes market are Robert Bosch GmbH, Panasonic Corporation, Honeywell International Inc., Texas Instruments Incorporated (TI), STMicroelectronics N.V., NXP Semiconductors, Murata Manufacturing Co. Ltd., Analog Devices Inc., Seiko Epson Corporation, Qorvo Inc., Sensata Technologies, Knowles Corporation, Xsens Technologies B.V., InvenSense, MEMSIC Inc., KIONIX Inc., Silicon Sensing Systems Ltd., Systron Donner Inertial, Tronics Microsystems, Sensonor AS, Vesper Technologies, Inc., Colibrys Ltd., MicroStrain Inc., VTI Technologies, MemsTech Co., Ltd.

Advancements In Monolithic Stand-Alone MEMS Gyroscopes For Automotive Applications
Major companies operating in micro-electromechanical systems (MEMS) gyroscopes are focusing on the development of innovative advancements such as the IAM-20380HT, a monolithic stand-alone MEMS gyroscope, to cater to the growing demand for highly accurate and reliable gyroscopes in automotive applications. This gyroscope is a single integrated circuit that includes the MEMS gyroscope and the necessary electronics for operation. For instance, in November 2022, TDK Corporation, a Japan-based electronics manufacturer, launched the world's first monolithic stand-alone MEMS gyroscope, the IAM-20380HT, for non-safety automotive applications. It is designed to operate over a wide temperature range and deliver reliable and highly accurate measurement data for various automotive non-safety applications, such as navigation, vehicle tracking, telematics, door control, and vision systems. It also features adjustable bandwidth, a selectable scale, sleep mode, a compact size, high accuracy, and advanced functionality while offering high precision, reliability, and versatility in a compact and efficient design.

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Key Segments -
The micro-electromechanical systems (MEMS) gyroscopes market covered in this report is segmented -
1) By Type: Vibrating Wheel, Tuning Fork, Foucault Pendulum, Wine Glass Resonator, Other Types
2) By Application: Mobile Devices, Cameras And Camcorders, Gaming Consoles, Other Applications
3) By End-Use Industry: Consumer Electronics, Automotive, Aerospace And Defense, Industrial, Marine, Other End Use Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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