Micro-Electromechanical Systems (MEMS) Gyroscopes Global Market Report 2024

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 observed in the historical period can be attributed to various factors, including the increasing demand for consumer electronics, the expansion of automotive applications, the emergence of wearable devices, and efforts towards cost reduction within the industry.

The micro-electromechanical systems (MEMS) gyroscopes market size is expected to see strong growth in the next few years. It will grow to $3.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be attributed to the expansion of Internet of Things (IoT) applications, the growth in wearable health technology, the rise of autonomous vehicles and robotics, and increased attention to regulatory compliance. Notable trends expected during this forecast period include a focus on ultra-miniaturization, enhanced performance, the development of multi-axis gyroscopes, low-power designs, sensor fusion, and the adoption of advanced calibration techniques.

The growth in automotive vehicle production is anticipated to drive the expansion of the micro-electromechanical systems (MEMS) gyroscope market. Automotive vehicles, propelled by advancements, environmental regulations, and consumer preferences, are increasingly integrating MEMS gyroscopes to enhance safety, performance, and functionality related to rotational motion and orientation. As of 2022, global motor vehicle production witnessed a significant surge, reaching 85.4 million units, reflecting a notable increase of 5.7% compared to 2021, according to data from the European Automobile Manufacturers Association. This upswing in automotive vehicle production is identified as a key driver propelling the growth of the micro-electromechanical systems (MEMS) gyroscope market.

Leading companies in the micro-electromechanical systems (MEMS) gyroscopes sector are actively engaged in developing innovative advancements to meet the growing demand for highly accurate and reliable gyroscopes in automotive applications. One notable advancement is the IAM-20380HT, introduced by TDK Corporation in November 2022. This monolithic stand-alone MEMS gyroscope integrates the MEMS gyroscope with necessary electronics for seamless operation. Tailored for non-safety automotive applications, the IAM-20380HT operates over a wide temperature range, providing reliable and highly accurate measurement data for various automotive non-safety applications such as navigation, vehicle tracking, telematics, door control, and vision systems. Its features include adjustable bandwidth, selectable scale, sleep mode, compact size, high accuracy, and advanced functionality, ensuring precision, reliability, and versatility in a compact and efficient design.

In December 2021, Inertial Labs, a US-based GPS supplier, strategically acquired Memsense LLC to expedite the delivery of inertial measurement units (IMUs) and high-performance systems, including MEMS-based gyro-compasses with superior accuracy. This acquisition positions Inertial Labs to address complex stabilization and navigation challenges, offering innovative technologies across various sectors. MEMSense, the acquired company, is a US-based electronics manufacturer specializing in the development and manufacturing of MEMS-based inertial sensors.

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.

Noth America was the largest region in the micro-electromechanical systems (MEMS) gyroscopes market in 2023. The regions covered in the micro-electromechanical systems (mems) gyroscopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the micro-electromechanical systems (mems) gyroscopes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Micro-electromechanical systems (MEMS) gyroscopes are miniature sensors designed to measure angular velocity or rotation rate, functioning based on the Coriolis effect. This effect induces a force on a mass in motion within a rotating system. Owing to their compact size, cost-effectiveness, and low power consumption compared to traditional gyroscopes, MEMS gyroscopes find extensive applications in diverse sectors. These include consumer electronics such as smartphones and gaming controllers, automotive navigation systems, aerospace technology, and industrial instrumentation.

Micro-electromechanical systems (MEMS) gyroscopes come in various types, including the vibrating wheel, tuning fork, Foucault pendulum, wine glass resonator, and others. The vibrating wheel, for instance, is a type of MEMS gyroscope that utilizes a vibrating structure to detect angular motion. This particular design finds applications in a range of devices such as mobile devices, cameras, camcorders, and gaming consoles. End-use industries benefiting from the use of vibrating wheel MEMS gyroscopes include consumer electronics, automotive, aerospace and defense, industrial, marine, and others.

The micro-electromechanical systems (MEMS) gyroscopes market research report is one of a series of new reports that provides micro-electromechanical systems (MEMS) gyroscopes market statistics, including micro-electromechanical systems (MEMS) gyrosc industry global market size, regional shares, competitors with a micro-electromechanical systems (MEMS) gyroscopes market share, detailed micro-electromechanical systems (MEMS) gyroscopes market segments, market trends and opportunities, and any further data you may need to thrive in the micro-electromechanical systems (MEMS) gyroscopes industry. This micro-electromechanical systems (MEMS) gyroscopes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The micro-electro-mechanical systems (MEMS) gyroscope market includes revenues earned by entities by services such as motion sensing, stabilization, GPS navigation, consulting and technical support, quality assurance and testing services, and application-specific solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The micro-electro-mechanical systems (MEMS) gyroscope market consists of sales of products including wearable devices, digital cameras and camcorders, automotive systems, navigation devices, gyroscope chips and sensors, and gyroscope evaluation kits. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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