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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Micro-Electromechanical Systems (MEMS) Gyroscopes Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Expansion of Electronics Industry
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.
- Favorable Properties
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.
- Use in Various Applications
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.
COVID-19 Impact on Micro-Electromechanical Systems (MEMS) Gyroscopes Market
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.
Global Micro-Electromechanical Systems (MEMS) Gyroscopes Market Scope and Market Size
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
- 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
Micro-Electromechanical Systems (MEMS) Gyroscopes Market Regional Analysis/Insights
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.
Competitive Landscape and Micro-Electromechanical Systems (MEMS) Gyroscopes Market
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
- 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)
- VectorNav Technologies, LLC (US)
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