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Mems Gyroscope Market Size Worth US$ 2.8 Billion by 2027 | CAGR 7.76%

 IMARC Group’s latest research report, titled “Mems Gyroscope Market Size: Global Industry Trends, Share, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. 

The global MEMS gyroscope market size reached US$ 1.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2027, exhibiting a growth rate (CAGR) of 7.76% during 2022-2027.  A micro-electro-mechanical system (MEMS) gyroscope represents a mechanical device that is used for measuring navigation and angular velocity. It comprises of free-rotating disks mounted on a spinning axis in the center of a much larger and more stable wheel. In digital cameras, MEMS gyroscopes aid in capturing high-resolution images with intricate details. Besides this, the integration of MEMS gyroscopes with MEMS technology is enabling the development of miniaturized sensors that use microscopic vibrating mechanisms in order to detect changes in velocity and orientation. Consequently, these devices are widely utilized in consumer electronics, automotive airbag systems, gaming consoles, virtual reality (VR), robotics, etc.

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Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation by type, application and end-use industry.
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape for Mems Gyroscope Market
  • Strategies of major players and product offerings

Market Trends:

The expanding electronics industry across the globe is among the primary factors driving the MEMS gyroscope market. In addition to this, the increasing usage of smart and portable devices, including smartphones, tablets, laptops, etc., that use MEMS gyroscopes for precise motion-sensing is further catalyzing the market growth. Moreover, owing to the various favorable properties of the product, such as low-weight, cost-efficiency, compact size, minimal energy consumption, etc., it is extensively used in the inertial navigation of automobiles, sailing boats, aircraft, consumer electronic items, military missiles, satellites, etc., which is also augmenting the global market. Apart from this, the inflating adoption of wearable devices and the emerging trend of automation across industries and residential complexes are projected to fuel the MEMS gyroscope market in the coming years.

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Analog Devices
  • Epson
  • Honeywell International Inc.
  • InvenSense
  • Maxim Integrated
  • MEMSIC Inc.
  • Murata Electronics
  • NXP Semiconductors
  • Panasonic
  • Robert Bosch
  • ROHM
  • Sony Corporation
  • STMicroelectronics
  • Systron Donner Inertial
  • Trimble

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Breakup by Type:

  • Turning Fork
  • Vibrating Disk
  • Vibrating Ring
  • Others

Market Breakup by Application:

  • Mobile Devices
  • Cameras and Camcorders
  • Gaming Consoles
  • Others

 Market Breakup by End-Use Industry:

  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Industrial
  • Marine
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Mems Gyroscope Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Mems Gyroscope Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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