The global market for MEMS Gyroscopes is estimated at US$2.4 Billion in 2023 and is projected to reach US$4.0 Billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the MEMS gyroscopes market is driven by several factors. The increasing demand for consumer electronics with enhanced user interfaces is a significant driver, as MEMS gyroscopes provide the necessary motion sensing for applications like augmented reality (AR) and virtual reality (VR). In the automotive industry, the push towards autonomous vehicles and more sophisticated ADAS features necessitates advanced MEMS gyroscopes for accurate motion detection and control. The proliferation of IoT devices, which require precise and compact sensors, is also contributing to market expansion. Furthermore, advancements in manufacturing technologies, such as the development of more efficient and cost-effective fabrication processes, are making MEMS gyroscopes more accessible. The growing focus on miniaturization and the integration of MEMS gyroscopes in emerging technologies, such as wearable devices and smart home applications, are additional factors fueling market growth. As these trends continue to evolve, the demand for MEMS gyroscopes is expected to rise, driving further innovation and development in the field.
The growth in the MEMS gyroscopes market is driven by several factors. The increasing demand for consumer electronics with enhanced user interfaces is a significant driver, as MEMS gyroscopes provide the necessary motion sensing for applications like augmented reality (AR) and virtual reality (VR). In the automotive industry, the push towards autonomous vehicles and more sophisticated ADAS features necessitates advanced MEMS gyroscopes for accurate motion detection and control. The proliferation of IoT devices, which require precise and compact sensors, is also contributing to market expansion. Furthermore, advancements in manufacturing technologies, such as the development of more efficient and cost-effective fabrication processes, are making MEMS gyroscopes more accessible. The growing focus on miniaturization and the integration of MEMS gyroscopes in emerging technologies, such as wearable devices and smart home applications, are additional factors fueling market growth. As these trends continue to evolve, the demand for MEMS gyroscopes is expected to rise, driving further innovation and development in the field.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Consumer / Mobile Application segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 8.1%. The Automotive Application segment is also set to grow at 7.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $639.8 Million in 2023, and China, forecasted to grow at an impressive 7.0% CAGR to reach $621.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global MEMS Gyroscopes Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global MEMS Gyroscopes Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global MEMS Gyroscopes Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Altheris BV, Analog Devices, Inc., Bosch Sensortec GmbH, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 33 Featured):
- Altheris BV
- Analog Devices, Inc.
- Bosch Sensortec GmbH
- Colibrys Ltd.
- Dytran Instruments, Inc.
- EFT Sensing System Ltd.
- Epson Electronics America, Inc.
- Freescale Semiconductor Inc.
- Gladiator Technologies, Inc.
- InvenSense, Inc.
- Kionix, Inc.
- Memsense LLC
- Moog, Inc.
- Murata Manufacturing Co., Ltd.
- Panasonic Corporation
- Silicon Sensing Systems Ltd.
- STMicroelectronics NV
- Texas Instruments, Inc.
- VectorNav Technologies LLC
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Altheris BV
- Analog Devices, Inc.
- Bosch Sensortec GmbH
- Colibrys Ltd.
- Dytran Instruments, Inc.
- EFT Sensing System Ltd.
- Epson Electronics America, Inc.
- Freescale Semiconductor Inc.
- Gladiator Technologies, Inc.
- InvenSense, Inc.
- Kionix, Inc.
- Memsense LLC
- Moog, Inc.
- Murata Manufacturing Co., Ltd.
- Panasonic Corporation
- Silicon Sensing Systems Ltd.
- STMicroelectronics NV
- Texas Instruments, Inc.
- VectorNav Technologies LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 169 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.4 Billion |
| Forecasted Market Value ( USD | $ 4 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 19 |
