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Micro-Electromechanical Systems (MEMS) Gyroscopes Market 2024-2033: Competitor Assessment, New Trends, Share Analysis And Global Key Players
Micro-Electromechanical Systems (MEMS) Gyroscopes Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Micro-Electromechanical Systems (MEMS) Gyroscopes Market Report Structure
3. Micro-Electromechanical Systems (MEMS) Gyroscopes Market Trends And Strategies
4. Micro-Electromechanical Systems (MEMS) Gyroscopes Market - Macro Economic Scenario
5. Micro-Electromechanical Systems (MEMS) Gyroscopes Market Size And Growth
…..
27. Micro-Electromechanical Systems (MEMS) Gyroscopes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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