The MEMS Gyroscopes Market Size was valued at USD 2.71 billion in 2023 and is expected to reach USD 5.40 billion by 2031 and grow at a CAGR of 9% over the forecast period 2024-2031.
The MEMS gyroscopes market is seeing high growth due to the increased use of mobile applications. Micro-electromechanical system (MEMS) gyroscopes help to address the high position of stir-seeing delicacy needed in smartphones. MEMS gyroscopes are incorporated in several electronic gadgets like digital camcorders, videotape cameras, digital cameras, particular media players, tablet PCs, and videotape games.
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MEMS gyroscopes are employed in inertial navigation of aircraft vehicles, motorcars, consumer electronic particulars, windjammers, military dumdums, and satellites due to their low weight, cheap cost with compact form factor, low energy consumption, and small size. MEMS gyroscopes are also used in operations for movable devices that bear a stoner interface for simplicity of use and redundant functions. likewise, the significant size reduction of multi-axis gyroscope structures and their integration with a digital interface into a single package at a low cost are anticipated to drive gyroscope penetration into hand-held devices.
Drivers
MEMS Gyroscopes are very compact and consume low power
Rising demand for technologically advanced gadgets, demands more MEMS Gyroscopes
The adding trend of smartphones, wearables, gaming consoles, and virtual reality bias that use stir-seeing and navigation features is driving the demand for MEMS gyroscopes.
Restraints
MEMS have low range and accuracy as compared to traditional gyroscopes
The initial cost of MEMS gyroscopes are a little bit costly and cannot be afforded by individuals
Opportunities
Advancement in technology is influencing customers to dispose of their incomes in getting much-advanced level MEMS gyroscope gadgets
The implicit operations of MEMS gyroscopes are continuously expanding beyond traditional requests
Challenges
The MEMS gyroscope request is competitive with several players
Geopolitical pressures and trade wars can disrupt the force chain of raw accouterments and factors demanded by MEMS gyroscope products
The MEMS gyroscope request is getting increasingly competitive with several players fighting for request share. This can lead to price pressure and the need for nonstop invention to separate products.
Both Russia and Ukraine are significant players in supplying raw accouterments like neon gas, essential for chip products used in MEMS gyroscopes. Dislocations due to the war can lead to shortages and price hikes. The war might lead to a rise in global defense spending, potentially boosting demand for MEMS gyroscopes in navigation systems for military vehicles, drones, and other defense operations.
The war can disrupt product processes around the world due to material dearths or profitable insecurity, impacting overall MEMS gyroscope products. Furnishing a specific chance for the war's impact is delicate due to the ongoing and evolving situation. still, assiduity judges might release reports in the coming months with some estimations grounded on profitable modeling and assiduity checks.
During economic downturns, businesses tend to reduce their budgets and detention or reduce capital expenditures. Weakening consumer confidence can dampen for MEMS gyroscopes in consumer electronics like smartphones and wearables. Profitable decelerations can lead to dropped investments in disquisition and development for new operations of MEMS gyroscopes, potentially hindering long-term request growth.
Projected growth might reduce to 4% or indeed slightly negative depending on the strictness of the deceleration. MEMS gyroscopes offer advantages like miniaturization and lower power consumption compared to traditional druthers. This cost-effectiveness might still make them attractive during a deceleration.
Type
Vibrating Wheel
Tuning Fork
Foucault Pendulum
Wine Glass Resonator
Others
Application
Mobile Devices
Cameras and Camcorders
Others
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End-Use Industry
Consumer Electronics
Automotive
Aerospace and Defense
Industrial
Marine
Others
Consumer Electronics assiduity dominates the MEMS Gyroscope request, particularly in operations for mobile gadgets, gaming consoles, and cameras. The growth of smartphones, tablets, wearables, and gaming gadgets is driving the high need for MEMS gyroscopes in this request. The automotive segment is growing at a faster CAGR in 2023.
The demand for micro-electromechanical systems (MEMS) gyroscopes is highest in North America due to the relaxation of stringent government safety and migration regulations, as well as the presence of numerous diverse product suppliers in the region.
Asia-Pacific (APAC) is anticipated to witness significant growth during the forecast period of 2024 to 2031 because of the high penetration of gyroscopes into hand-held bias within the region. The country section of the report also provides individual request-impacting factors and changes in regulation in the request domestically that impact the current and unborn trends of the request.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major players are Analog Devices, Inc., TDK Corporation, STMicroelectronics, KIONIX Inc., ASC GmbH, Seiko Epson Corp., Murata Manufacturing, Maxim Integrated, Althen, Safran Colibrys SA, Panasonic Corporation, Silicon Sensing Systems, Panasonic Corporation, Texas Instruments Incorporated, and other players.
STMicroelectronics-Company Financial Analysis
In January 2024, Bosch launched the world’s tiniest MEM accelerometers for smartwatches, earphones, etc. The MEM accelerometers save power and extend battery life in earphones.
TDK introduced its inaugural monolithic stand-alone Gyroscope for non-safety Automotive applications in November 2022. It offers accurate angular-rate sensing across an operating temperature range from -40 °C to 105 °C.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.71 Billion |
| Market Size by 2031 | US$ 5.40 Billion |
| CAGR | CAGR of 9 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Vibrating Wheel, Tuning Fork, Foucalt Pendulum, Wine Glass Resonator, Others) • By Application (Mobiles, Cameras & Camcorders, Gaming Consoles, Others) • By End User (Consumer Electronics, Automotive, Aerospace And Defense, Industrial, Marine, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Analog Devices, Inc., TDK Corporation, STMicroelectronics, KIONIX Inc., ASC GmbH, Seiko Epson Corp., Murata Manufacturing, Maxim Integrated, Althen, Safran Colibrys SA, Panasonic Corporation, Silicon Sensing Systems, Panasonic Corporation, Texas Instruments Incorporated |
| Key Drivers | • MEMS Gyroscopes are very compact and consume low power • Rising demand for technologically advanced gadgets, demands more MEMS Gyroscopes |
| Restraints | • MEMS have low range and accuracy as compared to traditional gyroscopes • The initial cost of MEMS gyroscopes are a little bit costly and cannot be afforded by individuals |
Ans: The MEMS Gyroscopes Market is expected to grow at a CAGR of 9%.
Ans: MEMS Gyroscopes Market size was USD 2.71 billion in 2023 and is expected to Reach USD 5.40 billion by 2031.
Ans: Advancement in technology and compatibility of the gyroscopes are the key drivers of the MEMS Gyroscopes Market.
Ans: Geopolitical pressures and growing competition in the market are the key restraints of the Market.
Ans: North America is the dominating region in the MEMS Gyroscopes Market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. MEMS Gyroscopes Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Vibrating Wheel
9.4 Tuning Fork
9.5 Foucault Pendulum
9.6 Wine Glass Resonator
9.7 Others
10. MEMS Gyroscopes Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Mobile Devices
10.4 Cameras and Camcorders
10.5 Gaming Consoles
10.6 Others
11. MEMS Gyroscopes Market Segmentation, By End User
11.1 Introduction
11.2 Trend Analysis
11.3 Consumer Electronics
11.4 Automotive
11.5 Aerospace and Defense
11.6 Industrial
11.7 Marine
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America MEMS Gyroscopes Market by Country
12.2.3 North America MEMS Gyroscopes Market By Type
12.2.4 North America MEMS Gyroscopes Market By Application
12.2.5 North America MEMS Gyroscopes Market By End User
12.2.6 USA
12.2.6.1 USA MEMS Gyroscopes Market By Type
12.2.6.2 USA MEMS Gyroscopes Market By Application
12.2.6.3 USA MEMS Gyroscopes Market By End User
12.2.7 Canada
12.2.7.1 Canada MEMS Gyroscopes Market By Type
12.2.7.2 Canada MEMS Gyroscopes Market By Application
12.2.7.3 Canada MEMS Gyroscopes Market By End User
12.2.8 Mexico
12.2.8.1 Mexico MEMS Gyroscopes Market By Type
12.2.8.2 Mexico MEMS Gyroscopes Market By Application
12.2.8.3 Mexico MEMS Gyroscopes Market By End User
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe MEMS Gyroscopes Market by Country
12.3.2.2 Eastern Europe MEMS Gyroscopes Market By Type
12.3.2.3 Eastern Europe MEMS Gyroscopes Market By Application
12.3.2.4 Eastern Europe MEMS Gyroscopes Market By End User
12.3.2.5 Poland
12.3.2.5.1 Poland MEMS Gyroscopes Market By Type
12.3.2.5.2 Poland MEMS Gyroscopes Market By Application
12.3.2.5.3 Poland MEMS Gyroscopes Market By End User
12.3.2.6 Romania
12.3.2.6.1 Romania MEMS Gyroscopes Market By Type
12.3.2.6.2 Romania MEMS Gyroscopes Market By Application
12.3.2.6.4 Romania MEMS Gyroscopes Market By End User
12.3.2.7 Hungary
12.3.2.7.1 Hungary MEMS Gyroscopes Market By Type
12.3.2.7.2 Hungary MEMS Gyroscopes Market By Application
12.3.2.7.3 Hungary MEMS Gyroscopes Market By End User
12.3.2.8 Turkey
12.3.2.8.1 Turkey MEMS Gyroscopes Market By Type
12.3.2.8.2 Turkey MEMS Gyroscopes Market By Application
12.3.2.8.3 Turkey MEMS Gyroscopes Market By End User
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe MEMS Gyroscopes Market By Type
12.3.2.9.2 Rest of Eastern Europe MEMS Gyroscopes Market By Application
12.3.2.9.3 Rest of Eastern Europe MEMS Gyroscopes Market By End User
12.3.3 Western Europe
12.3.3.1 Western Europe MEMS Gyroscopes Market by Country
12.3.3.2 Western Europe MEMS Gyroscopes Market By Type
12.3.3.3 Western Europe MEMS Gyroscopes Market By Application
12.3.3.4 Western Europe MEMS Gyroscopes Market By End User
12.3.3.5 Germany
12.3.3.5.1 Germany MEMS Gyroscopes Market By Type
12.3.3.5.2 Germany MEMS Gyroscopes Market By Application
12.3.3.5.3 Germany MEMS Gyroscopes Market By End User
12.3.3.6 France
12.3.3.6.1 France MEMS Gyroscopes Market By Type
12.3.3.6.2 France MEMS Gyroscopes Market By Application
12.3.3.6.3 France MEMS Gyroscopes Market By End User
12.3.3.7 UK
12.3.3.7.1 UK MEMS Gyroscopes Market By Type
12.3.3.7.2 UK MEMS Gyroscopes Market By Application
12.3.3.7.3 UK MEMS Gyroscopes Market By End User
12.3.3.8 Italy
12.3.3.8.1 Italy MEMS Gyroscopes Market By Type
12.3.3.8.2 Italy MEMS Gyroscopes Market By Application
12.3.3.8.3 Italy MEMS Gyroscopes Market By End User
12.3.3.9 Spain
12.3.3.9.1 Spain MEMS Gyroscopes Market By Type
12.3.3.9.2 Spain MEMS Gyroscopes Market By Application
12.3.3.9.3 Spain MEMS Gyroscopes Market By End User
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands MEMS Gyroscopes Market By Type
12.3.3.10.2 Netherlands MEMS Gyroscopes Market By Application
12.3.3.10.3 Netherlands MEMS Gyroscopes Market By End User
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland MEMS Gyroscopes Market By Type
12.3.3.11.2 Switzerland MEMS Gyroscopes Market By Application
12.3.3.11.3 Switzerland MEMS Gyroscopes Market By End User
12.3.3.1.12 Austria
12.3.3.12.1 Austria MEMS Gyroscopes Market By Type
12.3.3.12.2 Austria MEMS Gyroscopes Market By Application
12.3.3.12.3 Austria MEMS Gyroscopes Market By End User
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe MEMS Gyroscopes Market By Type
12.3.3.13.2 Rest of Western Europe MEMS Gyroscopes Market By Application
12.3.3.13.3 Rest of Western Europe MEMS Gyroscopes Market By End User
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific MEMS Gyroscopes Market by Country
12.4.3 Asia-Pacific MEMS Gyroscopes Market By Type
12.4.4 Asia-Pacific MEMS Gyroscopes Market By Application
12.4.5 Asia-Pacific MEMS Gyroscopes Market By End User
12.4.6 China
12.4.6.1 China MEMS Gyroscopes Market By Type
12.4.6.2 China MEMS Gyroscopes Market By Application
12.4.6.3 China MEMS Gyroscopes Market By End User
12.4.7 India
12.4.7.1 India MEMS Gyroscopes Market By Type
12.4.7.2 India MEMS Gyroscopes Market By Application
12.4.7.3 India MEMS Gyroscopes Market By End User
12.4.8 Japan
12.4.8.1 Japan MEMS Gyroscopes Market By Type
12.4.8.2 Japan MEMS Gyroscopes Market By Application
12.4.8.3 Japan MEMS Gyroscopes Market By End User
12.4.9 South Korea
12.4.9.1 South Korea MEMS Gyroscopes Market By Type
12.4.9.2 South Korea MEMS Gyroscopes Market By Application
12.4.9.3 South Korea MEMS Gyroscopes Market By End User
12.4.10 Vietnam
12.4.10.1 Vietnam MEMS Gyroscopes Market By Type
12.4.10.2 Vietnam MEMS Gyroscopes Market By Application
12.4.10.3 Vietnam MEMS Gyroscopes Market By End User
12.4.11 Singapore
12.4.11.1 Singapore MEMS Gyroscopes Market By Type
12.4.11.2 Singapore MEMS Gyroscopes Market By Application
12.4.11.3 Singapore MEMS Gyroscopes Market By End User
12.4.12 Australia
12.4.12.1 Australia MEMS Gyroscopes Market By Type
12.4.12.2 Australia MEMS Gyroscopes Market By Application
12.4.12.3 Australia MEMS Gyroscopes Market By End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific MEMS Gyroscopes Market By Type
12.4.13.2 Rest of Asia-Pacific MEMS Gyroscopes Market By Application
12.4.13.3 Rest of Asia-Pacific MEMS Gyroscopes Market By End User
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East MEMS Gyroscopes Market by Country
12.5.2.2 Middle East MEMS Gyroscopes Market By Type
12.5.2.3 Middle East MEMS Gyroscopes Market By Application
12.5.2.4 Middle East MEMS Gyroscopes Market By End User
12.5.2.5 UAE
12.5.2.5.1 UAE MEMS Gyroscopes Market By Type
12.5.2.5.2 UAE MEMS Gyroscopes Market By Application
12.5.2.5.3 UAE MEMS Gyroscopes Market By End User
12.5.2.6 Egypt
12.5.2.6.1 Egypt MEMS Gyroscopes Market By Type
12.5.2.6.2 Egypt MEMS Gyroscopes Market By Application
12.5.2.6.3 Egypt MEMS Gyroscopes Market By End User
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia MEMS Gyroscopes Market By Type
12.5.2.7.2 Saudi Arabia MEMS Gyroscopes Market By Application
12.5.2.7.3 Saudi Arabia MEMS Gyroscopes Market By End User
12.5.2.8 Qatar
12.5.2.8.1 Qatar MEMS Gyroscopes Market By Type
12.5.2.8.2 Qatar MEMS Gyroscopes Market By Application
12.5.2.8.3 Qatar MEMS Gyroscopes Market By End User
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East MEMS Gyroscopes Market By Type
12.5.2.9.2 Rest of Middle East MEMS Gyroscopes Market By Application
12.5.2.9.3 Rest of Middle East MEMS Gyroscopes Market By End User
12.5.3 Africa
12.5.3.1 Africa MEMS Gyroscopes Market by Country
12.5.3.2 Africa MEMS Gyroscopes Market By Type
12.5.3.3 Africa MEMS Gyroscopes Market By Application
12.5.3.4 Africa MEMS Gyroscopes Market By End User
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria MEMS Gyroscopes Market By Type
12.5.3.5.2 Nigeria MEMS Gyroscopes Market By Application
12.5.3.5.3 Nigeria MEMS Gyroscopes Market By End User
12.5.3.6 South Africa
12.5.3.6.1 South Africa MEMS Gyroscopes Market By Type
12.5.3.6.2 South Africa MEMS Gyroscopes Market By Application
12.5.3.6.3 South Africa MEMS Gyroscopes Market By End User
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa MEMS Gyroscopes Market By Type
12.5.3.7.2 Rest of Africa MEMS Gyroscopes Market By Application
12.5.3.7.3 Rest of Africa MEMS Gyroscopes Market By End User
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America MEMS Gyroscopes Market by country
12.6.3 Latin America MEMS Gyroscopes Market By Type
12.6.4 Latin America MEMS Gyroscopes Market By Application
12.6.5 Latin America MEMS Gyroscopes Market By End User
12.6.6 Brazil
12.6.6.1 Brazil MEMS Gyroscopes Market By Type
12.6.6.2 Brazil MEMS Gyroscopes Market By Application
12.6.6.3 Brazil MEMS Gyroscopes Market By End User
12.6.7 Argentina
12.6.7.1 Argentina MEMS Gyroscopes Market By Type
12.6.7.2 Argentina MEMS Gyroscopes Market By Application
12.6.7.3 Argentina MEMS Gyroscopes Market By End User
12.6.8 Colombia
12.6.8.1 Colombia MEMS Gyroscopes Market By Type
12.6.8.2 Colombia MEMS Gyroscopes Market By Application
12.6.8.3 Colombia MEMS Gyroscopes Market By End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America MEMS Gyroscopes Market By Type
12.6.9.2 Rest of Latin America MEMS Gyroscopes Market By Application
12.6.9.3 Rest of Latin America MEMS Gyroscopes Market By End User
13. Company Profiles
13.1 Analog Devices, Inc.
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 TDK Corporation
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 STMicroelectronics
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 KIONIX Inc.
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 ASC GmbH
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Seiko Epson Corp.
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Murata Manufacturing
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Maxim Integrated
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Althen
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Safran Colibrys SA
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 TDK Corporation
13.11.1 Company Overview
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 Panasonic Corporation
13.12.1 Company Overview
13.12.2 Financial
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
13.13 Silicon Sensing Systems
13.13.1 Company Overview
13.13.2 Financial
13.13.3 Products/ Services Offered
13.13.4 SWOT Analysis
13.13.5 The SNS View
13.14 Panasonic Corporation,
13.14.1 Company Overview
13.14.2 Financial
13.14.3 Products/ Services Offered
13.14.4 SWOT Analysis
13.14.5 The SNS View
13.15 Texas Instruments Incorporated
13.15.1 Company Overview
13.15.2 Financial
13.15.3 Products/ Services Offered
13.15.4 SWOT Analysis
13.15.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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