MEMS Gyroscope Market: Advancement in consumer electronics to boost the market growth

Global MEMS Gyroscope Market size was valued at USD 2.21 Bn in 2023 and is expected to reach USD 3.79 Bn by 2030, at a CAGR of 8%.
Market Overview
MEMS Gyroscope are motion sensors used to detect and measure the angular motion of an object. MEMS Gyroscope is integrated with digital interface in a single cost-effective package. It provides precision inertial sensing in harsh and high temperature, which is expected to boost the MEMS Gyroscope Market growth. The cost of MEMS Gyroscope is expected to reduce over the period, leading to an increment in the use of these devices. To know about the Research Methodology :- Request Free Sample Report
MEMS Gyroscope Market Dynamics
Increasing Demand for Consumer Electronics to boost the MEMS Gyroscope Market growth

The increasing demand for consumer electronics such as smartphones, tablets, gaming consoles, virtual reality devices, and many other devices is having demand for MEMS gyroscopes. MEMS gyroscope are used in these devices for motion sensing, image stabilization, and in augmented reality applications. Advancement in automotive industry is increasingly incorporating in advanced driver assistance systems, navigation systems, and electronic stability control in vehicles, which is contributing for the growth of the market.

MEMS gyroscope are essential components in automotive applications, which enables precise motion sensing and vehicle stability. The growth of autonomous vehicles has accelerated the demand for MEMS gyroscope Market. These gyroscopes are crucial for navigation, inertial measurement units, and precise motion control in autonomous cars, trucks, and drones. MEMS gyroscope provides advantages of miniaturization and integration with other components on a single chip, making them suitable for compact consumer electronics, wearable devices, and IoT applications.

Advancements in robotics and industrial automation industry with applications, such as industrial robots, drones, and unmanned ground vehicles (UGVs), depend on accurate motion sensing and control, where MEMS Gyroscope plays a vital role for the growth of MEMS Gyroscope industry. In the healthcare sector MEMS Gyroscopes are used in medical devices, prosthetics, and rehabilitation systems. These gyroscopes are used in motion tracking, gait analysis, image stabilization, and navigation, which is expected to boost the MEMS Gyroscope industry share in the healthcare sector. Increasing investments in Research &Development activities for MEMS Gyroscope technology for the advancements in gyroscope performance, accuracy, and power efficiency is contributing for the market growth.

The increased investments in R&D by MEMS Gyroscope key players and governments with technological innovations is expected to boost the market growth. The expansion of the Internet of Things includes interconnected devices and sensors, relies on MEMS gyroscopes for motion sensing detection. IoT applications such as smart homes, industrial monitoring, and asset tracking is increasing demand for MEMS gyroscopes.The growing penetration of consumer electronics and automotive industries, in Asia-Pacific and Latin America, is driving the demand for MEMS gyroscope Market.

Technological limitations to restrain the MEMS Gyroscope Market growth

MEMS gyroscope have limitations in terms of accuracy, stability, and resolution. These limitations is expected to restrict the use of MEMS Gyroscope in high-precision applications, which is expected to hamper the MEMS Gyroscope market growth. The production costs of MEMS gyroscope is relatively high, preventing their widespread deployment in cost-sensitive markets or applications.Cost remains a significant restraint for mass adoption but the MEMS Gyroscope is affordable compared to its larger counterparts.

MEMS gyroscope face trade-offs between size, power consumption, and performance. Miniaturization of gyroscope lead to compromised accuracy making them less suitable for certain demanding applications. MEMS gyroscope measure angular velocity and have limit to sense linear acceleration or other environmental parameters. This limitation is expected to restrict their usefulness in applications that require comprehensive motion sensing or context awareness.

MEMS gyroscopes are exposed to mechanical stresses, temperature variations, and some other environmental factors, which may impact the reliability and longevity of MEMS Gyroscope. Ensuring long-term stability and durability remains a challenge in certain harsh operating conditions.Regulatory and standardization hurdles with various regulatory requirements and standards poses challenges for MEMS gyroscope manufacturers in the industry. Meeting specific industry standards and certifications add complexity and cost to the development and commercialization processes, which is expected to restrain the market growth. Integrating MEMS gyroscope into complex systems involve challenges related to mechanical design, signal conditioning, calibration, and software integration.

MEMS Gyroscope Market Opportunity 

The increasing proliferation of consumer electronics such as smartphones, gaming consoles, and other devices is a significant driver for MEMS gyroscope market. Increasing demand for motion sensing, image stabilization, and augmented reality, presents lucrative opportunity for MEMS gyroscopes in consumer electronics applications.The automotive industry is adopting advanced driver-assistance systems and autonomous driving technologies where MEMS gyroscopes provides accurate motion sensing and stabilization, with features such as electronic stability control, rollover detection, and inertial navigation. The growing adoption of these technologies in vehicles presents opportunity for MEMS gyroscope market growth.

MEMS gyroscopes are used in motion control, navigation, and stabilization in robotic applications, such as drones, industrial robots, and medical robots. As robotic industries are becoming more advanced and automated, the demand for MEMS gyroscopes is also growing and is expected tofuel the MEMS Gyroscope market share over the forecast period. IoT devices are used in applications such as smart home automation, asset tracking, and industrial monitoring for motion sensing. MEMS gyroscopes are well-suited for integration into IoT devices as they are having small form factors, low power consumption, and affordability. MEMS gyroscope is used for motion tracking and monitoring in wearable medical devices, rehabilitation equipment, and prosthetics in the healthcare domain. Increasing demand for remote patient monitoring and personalized healthcare presents opportunity for the MEMS gyroscope market.

MEMS Gyroscope Market Trends

Miniaturization and integration in MEMS gyroscopes is growing rapidly due to technological advancement making them suitable for smartphones, wearables, IoT devices, and other compact electronic devices. The use of MEMS gyroscopes is growing day by day in automotive industry, aerospace, and robotics, and are influencing the need for MEMS gyroscope with enhanced accuracy, stability, and reliability to meet the requirements of consumers. Increasing demand for Inertial Measurement Units with multiple-axis provide comprehensive motion sensing capabilities, for applications such as navigation, and virtual reality/augmented reality experiences. This trends are expected to boost the MEMS Gyroscope market growth.

Growing for MEMS Gyroscopes in emerging economics is increasing due to increasing adoption of smartphone penetration, and the rise of IoT devices. These economics provides untapped market potential and opportunities for MEMS gyroscope manufacturers. Continuous technological advancements in sensor design, and signal processing algorithms is expected to boost the performance of MEMS gyroscope. Improved accuracy, lower noise levels, and higher resolutions are key advancements in the industry responsible for the adoption of MEMS gyroscopes across various industries. MEMS Gyroscope manufacturers are striving to develop gyroscopes with lower power consumption to prolong battery life in portable devices and reduce energy consumption in applications that depends on multiple gyroscopes.

MEMS Gyroscope Market Regional Insight

Growing demand for consumer electronics in North America to boost the regional MEMS Gyroscope market growth

North America region held the largest MEMS Gyroscope market share in 2023 and is expected to dominate the market over the forecast period. The United States and Canada, has a robust presence of technology companies, with strong research and development infrastructure, and an increased adoption rate of advanced technologies. North America is one of the largest MEMS gyroscope market globally. The demand for consumer electronics, automotive applications, and emerging sectors such as virtual and augmented reality, and IoT is increasing in the region. The increasing need for consumer electronics, due to motion sensing, image stabilization, and gesture recognition,with enhanced user experience is propelling the market growth over the forecast period.Advanced driver-assistance systems and autonomous driving technologies depend on MEMS gyroscope for precise motion sensing, vehicle stability control, and navigation.

Increasing research and development activities in the region with more focus on technological development is expected to boost the regional MEMS Gyroscope market growth. This ecosystem fosters innovation and advancements in MEMS gyroscope technology, competitive advantage to the region. MEMS Gyroscope companies in North Americaalso collaborate with automotive manufacturers, consumer electronics companies, and other market players to develop customized MEMS gyroscope solutions. These partnerships in the market facilitate product development, market penetration, and technological advancements, which is expected to boost the regional MEMS Gyroscope market growth.

Regulatory Environment: North America has stringent regulations and standards pertaining to safety and performance in sectors like automotive and healthcare. Compliance with these regulations presents both challenges and opportunities for MEMS gyroscope manufacturers, as it ensures high-quality and reliable products.The region has a vibrant start-up culture, with numerous entrepreneurial ventures focusing on MEMS gyroscope technology and many startups in the region contribute to the innovation landscape, bringing new ideas and is expected to boost the regional market growth.Overall, strong technological capabilities, demand for advanced electronics, and a supportive ecosystem for research and development in North America significantly contribute for the growth of the market.
MEMS Gyroscope Market Segment Analysis
Based on Type, the market is segmented into 1-axis Gyroscopes, 2-axis Gyroscopes, and 3-axis Gyroscopes. 3-axis Gyroscope segment held the largest MEMS Gyroscope market share in 2023 and is expected to dominate the MEMS Gyroscope industry over the forecast period. The 3-axis gyroscope provides measurement capabilities in all three rotational axes i.e. X, Y, and Z with perfect accuracy and precision compared to the 1-axis and 2-axis. 3-axis gyroscope has a wide range of applications in consumer electronics, the automotive industry, healthcare and many more. Increasing demand for consumer electronics, with technological advancement, improved performance, and reduced power consumption is expected to boost the 3-axis gyroscope segment growth in the market.

Based on End user, the market is segmented into Consumer Electronics, Automotive industry, Aerospace & Defense, Marine Industry, and Biomedical industry. The consumer electronics segment dominated the market in 2023 and is expected to hold the largest MEMS Gyroscope market share over the forecast period. Increased use of gyroscope for motion sensing enabling features such as screen rotation, motion-based gaming, image stabilization, and augmented reality applications.
MEMS Gyroscope Market Competitive Landscape
The MEMS Gyroscope market is characterized by the presence of several established players and a growing number of new entrants. The MEMS Gyroscope industry is shaped by strategic partnerships, collaborations, and acquisitions.Factors such as territorial market size, competition intensity, capacity, and local infrastructure influence the value chain of the product.The strategies adopted by the MEMS Gyroscope key player, such as expansion of product portfolio, mergers & acquisitions, geographical expansion, and collaborations, to enhance the MEMS Gyroscope Market penetration.

Analog Devices is a major manufacturer of MEMS gyroscopes and other sensors. Analog Devices are focusing on the development of gyroscopes with high accuracy, low power consumption, and robust performance. They are also integrating gyroscopes with complementary sensors and offering complete sensor solutions for various applications.
MEMS Gyroscope Market Scope: Inquire before buying



Global MEMS Gyroscope Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 2.21 Bn.


Forecast Period 2024 to 2030 CAGR:
8 %
Market Size in 2030:
US $ 3.79 Bn.


 Segments Covered:
by Type
1-axis Gyroscopes
2-axis Gyroscopes
3-axis Gyroscopes


by End-User
Consumer Electronics
Automotive industry
Aerospace & Defense
Marine Industry
Biomedical industry


by Application
Virtual Reality (VR) headsets
Mobile Devices
Cameras & Camcorders
Navigation systems
Robotics
Gaming Consoles



Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Silicon Sensing Systems Limited
2. Analog Devices, Inc.
3. STMicroelectronics
4. Ericco Inertial System
5. Gladiator Technologies
6. SkyMEMS
7. Zurich Instruments AG
8. The Charles Stark Draper Laboratory, Inc.
9. Safran
10. Systron Donner Inertial, Inc
11. Epson Toyocom Corporation

Frequently Asked Questions:
1] What is the growth rate of the Global Market?
Ans. The Global MEMS Gyroscope Market is growing at a significant rate of 8 % over the forecast period.

2] Which region is expected to dominate the Global Market during the forecast period?
Ans. North America region is expected to dominate the Market over the forecast period.

3] What is the expected Global MEMS Gyroscope Market size by 2030?
Ans. The market size of the MEMS Gyroscope Market is expected to reach USD 3.79 Bn by 2030.

4] Who are the top players in the Global MEMS Gyroscope Industry?
Ans. The major key players in the Global Market are STM icro electronics, Ericco Inertial System, Gladiator Technologies, and Sky MEMS.

5] Which factors are expected to drive the Global Market growth by 2030?
Ans. Increasing Demand for Consumer Electronics is expected to drive the MEMS Gyroscope Market growth over the forecast period (2024-2030).