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Market Size in USD Billion
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2022 –2029 |
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USD 2.34 Billion |
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USD 5.12 Billion |
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Global Micro-Electromechanical Systems (MEMS) Gyroscopes Market, By Type (Vibrating Wheel, Tuning Fork, Foucault Pendulum, Wine Glass Resonator, Others), Application (Mobile Devices, Cameras and Camcorders, Gaming Consoles, Others), End-Use Industry (Consumer Electronics, Automotive, Aerospace and Defence, Industrial, Marine, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
Micro-electromechanical systems (MEMS) gyroscopes are being highly utilized in automotive airbag systems, virtual reality (VR), consumer electronics, robotics and gaming consoles, among others. They are also used in digital cameras to capture high-resolution images with intricate details.
Global Micro-Electromechanical Systems (MEMS) Gyroscopes Market was valued at USD 2.34 billion in 2021 and is expected to reach USD 5.12 billion by 2029, registering a CAGR of 9.10% during the forecast period of 2022-2029. Automotive accounts for the largest end-use industry in the respective market owing to the adoption of GPS navigation systems. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Micro-electromechanical systems (MEMS) gyroscopes refer to the mechanical devices that are widely utilized for measuring angular velocity and navigation. The technology operates on the principle of conservation of momentum. The MEMS technology consists of a free-rotating disk mounted onto a spinning axis. The disk is generally placed in the center of a larger and more stable wheel.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Vibrating Wheel, Tuning Fork, Foucault Pendulum, Wine Glass Resonator, Others), Application (Mobile Devices, Cameras and Camcorders, Gaming Consoles, Others), End-Use Industry (Consumer Electronics, Automotive, Aerospace and Defence, Industrial, Marine, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Analog Devices, Inc. (US), Bosch Sensortec GmbH (Germany), TDK Corporation. (Japan), STMicroelectronics (Switzerland), Murata Manufacturing Co., Ltd. (Japan), KIONIX, Inc. (US), ASC GmbH (Germany), SHENZHEN RION TECHNOLOGY CO., LTD (China), Seiko Epson Corp. (Japan), Maxim Integrated (US), MEMSIC Inc. (US), Althen (Germany), Safran Colibrys SA (Switzerland), DYTRAN INSTRUMENTS INCORPORATED. (US), Gladiator Technologies (US), TDK Corporation. (Japan), Moog Inc. (US), Panasonic Corporation (Japan), Silicon Sensing Systems Limited (UK), Texas Instruments Incorporated. (US), and VectorNav Technologies, LLC (US), among others
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Market Opportunities
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The rise in the electronics industry across the globe acts as one of the major factors driving the micro-electromechanical systems (MEMS) gyroscopes market. Also, increase in utilization of smart and portable devices, such as tablets, laptops and smartphones, among others has a positive impact on the market.
The increase in the demand for the technology owing to the various favorable properties, such as cost-efficiency, minimal energy consumption, low-weight, and compact size. These devices are being used in sailing boats, consumer electronic products, satellites, inertial navigation of automobiles, aircrafts, and military missiles.
The use of the technology in robotics, camcorder stabilization, platform stability, virtual reality, and 3D input devices, among others further influence the market. These are also being used in digital cameras for detection of hand rotation for image stabilization.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the micro-electromechanical systems (MEMS) gyroscopes market.
Opportunities
Furthermore, extensive research and development (R&D) to improve the stability of MEMS gyroscope extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in adoption of wearable devices will further expand the market.
Restraints/Challenges
On the other hand, high up-front cost along with intense competition among the market players are expected to obstruct market growth. Also, fluctuations in raw materials are projected to challenge the micro-electromechanical systems (MEMS) gyroscopes market in the forecast period of 2022-2029.
This micro-electromechanical systems (MEMS) gyroscopes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on micro-electromechanical systems (MEMS) gyroscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The COVID-19 had a negative impact on the micro-electromechanical systems (MEMS) gyroscopes market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand micro-electromechanical systems (MEMS) gyroscopes technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the micro-electromechanical systems (MEMS) gyroscopes market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
The micro-electromechanical systems (MEMS) gyroscopes market is segmented on the basis of type, application and end-use industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Application
End-Use Industry
The micro-electromechanical systems (MEMS) gyroscopes market is analysed and market size insights and trends are provided by country, type, application and end-use industry as referred above.
The countries covered in the micro-electromechanical systems (MEMS) gyroscopes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the micro-electromechanical systems (MEMS) gyroscopes market because of the adoption of stringent government regulations for the safety and emission along with prevalence of various market vendors in the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the high penetration of gyroscopes into hand-held devices within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The micro-electromechanical systems (MEMS) gyroscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to micro-electromechanical systems (MEMS) gyroscopes market.
Some of the major players operating in micro-electromechanical systems (MEMS) gyroscopes market are
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Mems Gyroscopes Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Mems Gyroscopes Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
The market is segmented based on Global Micro-Electromechanical Systems (MEMS) Gyroscopes Market, By Type (Vibrating Wheel, Tuning Fork, Foucault Pendulum, Wine Glass Resonator, Others), Application (Mobile Devices, Cameras and Camcorders, Gaming Consoles, Others), End-Use Industry (Consumer Electronics, Automotive, Aerospace and Defence, Industrial, Marine, Others) - Industry Trends and Forecast to 2029 .
The Global Mems Gyroscopes Market size was valued at USD 2.34 USD Billion in 2021.
The Global Mems Gyroscopes Market is projected to grow at a CAGR of 9.1% during the forecast period of 2022 to 2029.
The major players operating in the market include Analog DevicesInc. , Bosch Sensortec GmbH , TDK Corporation. , STMicroelectronics , Murata Manufacturing Co.Ltd. , KIONIXInc. , ASC GmbH , SHENZHEN RION TECHNOLOGY CO.Ltd , Seiko Epson Corp. , Maxim Integrated , MEMSIC Inc. , Althen , Safran Colibrys SA , DYTRAN INSTRUMENTS INCORPORATED. , Gladiator Technologies , TDK Corporation. , Moog Inc. , Panasonic Corporation , Silicon Sensing Systems Limited , Texas Instruments Incorporated. , and VectorNav TechnologiesLLC , .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
