MEMS Gyroscope Market Summary
According to the new market research report “Global MEMS Gyroscopes Market Report 2023-2029”, published by QYResearch, the global MEMS Gyroscopes market size is projected to reach USD 0.76 billion by 2029, at a CAGR of 4.0% during the forecast period.
MEMS Gyroscope Product Overview
A MEMS (micro-electromechanical system) gyroscope is a small sensor device that measures angular velocity or rotational motion. It works on the principle of Coriolis force, which is the apparent force that acts on an object moving in a rotating reference frame. When a MEMS gyroscope is rotated, the Coriolis force causes a vibrating mass to move in a perpendicular direction to the rotation axis, producing an electrical signal that can be used to measure the angular velocity.
MEMS gyroscopes are used in a variety of applications, including stabilizing cameras and drones, controlling navigation systems in cars and planes, and detecting motion in virtual reality and gaming systems. They are preferred over traditional mechanical gyroscopes due to their small size, low power consumption, and cost-effectiveness. MEMS gyroscopes are typically fabricated using microfabrication techniques, which allow for mass production with high precision and accuracy.
According to QYResearch Top Players Research Center, the global key manufacturers of MEMS Gyroscopes include Bosch, STMicroelectronics, TDK Corporation, Analog Devices, Murata, Seiko Epson Corporation, Silicon Sensing, Anhui Xdlk Microsystem Corporation, Senodia Technologies, Panasonic, etc. In 2022, the global top five players had a share approximately 74.0% in terms of revenue.
According to QYResearch Top Players Research Center, the global key manufacturers of MEMS Gyroscopes include Bosch, STMicroelectronics, TDK Corporation, Analog Devices, Murata, Seiko Epson Corporation, Silicon Sensing, Anhui Xdlk Microsystem Corporation, Senodia Technologies, Panasonic, etc. In 2022, the global top 10 players had a share approximately 85.0% in terms of revenue.
In terms of product type, currently Single-axis is the largest segment, hold a share of 46.4%.
Market Drivers:
D1: The automotive industry is also a major driver of the MEMS gyroscope market. MEMS gyroscopes are used in various safety features like electronic stability control (ESC), which is now mandatory in most countries. Moreover, the growing demand for autonomous vehicles is expected to further fuel the demand for MEMS gyroscopes.
D2: With the increasing popularity of smartphones, tablets, and other consumer electronics, the demand for MEMS gyroscopes has also been rising. These devices use gyroscopes for motion sensing, which is essential for various applications like gaming, virtual reality, and augmented reality.
D3: The growing popularity of drones in various industries, including agriculture, defense, and entertainment, is another significant driver of the MEMS gyroscope market. Gyroscopes are critical components for drones, providing stability and motion sensing.
Restraint:
R1: The MEMS gyroscope market is sensitive to economic slowdowns, which can lead to reduced demand for consumer electronics, automotive and industrial equipment, and other applications that use MEMS gyroscopes.
R2: The increasing regulatory requirements in various industries, particularly in the automotive and aerospace industries, can make it challenging for manufacturers to develop and produce MEMS gyroscopes that meet the necessary standards and certifications.
R3: The MEMS gyroscope market relies on a complex supply chain that includes materials, equipment, and components from multiple suppliers. Supply chain disruptions, whether due to natural disasters, trade wars, or other factors, can impact the availability and pricing of these components, making it challenging for manufacturers to produce and sell MEMS gyroscopes.
Opportunity:
As the level of device intelligence increases, the number of sensors carried in a single device continues to increase. The fusion and collaboration of multisensors improve the signal recognition and collection effect. The safety of autonomous driving requires redundant support from multisensors, and it also needs to improve the performance and fault tolerance of sensor combinations through multisensor fusion. In the era of accelerated intelligence and ubiquitous connectivity, multisensor fusion technology will further be widely used in complex industrial process control, robotics, intelligent transportation, marine surveillance and management, smart agriculture, remote sensing, medical diagnosis, and many other fields, becoming one of the main development trends in the sensor industry in the future.
With the advancement of MEMS fabrication technology, as well as the integration of CMOS and MEMS technologies, MEMS sensors can integrate more powerful computing and storage capabilities on a smaller chip area, better meeting the comprehensive requirements of system applications for low cost, small size, and high performance. At the same time, advanced packaging technologies, such as multi-chip modules, can package multiple chips together, especially 3D stacking packaging technology, representing the development trend of MEMS products towards miniaturization and high integration, indicating that they can integrate more components in a limited volume and achieve more complex and powerful functions.
MEMS sensors are one of the important basic hardware components of intelligent devices and have been widely used in various fields such as consumer electronics, medical, automotive, communications, industrial, defense, and aerospace, with new application scenarios emerging constantly. With the rapid progress of sensing, 5G communication connectivity, computing technology, and the continuous growth of networked nodes, the requirements for the number and intelligence level of intelligent sensors will be further enhanced.
About The Authors
Wangzhuang - Lead Author
Email: wangzhuang@qyresearch.com
John is a technology & market senior analyst specializing in semiconductor devices, materials, and equipment. Wang has 3 years’ experience in semiconductor and focuses on Chemicals, consumer goods, food and beverages, machinery and equipment, software and business services, etc. He is engaged in the development of technology and market reports and is also involved in custom projects.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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