Micro Electromechanical Systems MEMS Gyroscopes Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The micro-electromechanical systems (MEMS) gyroscopes market has seen robust growth, escalating from $2.17 billion in 2023 to $2.38 billion in 2024, with a CAGR of 9.8%. This growth is attributed to consumer electronics demand, automotive applications proliferation, wearable device emergence, and cost reduction measures. Looking ahead, strong growth is projected, reaching $3.30 billion by 2028, with a CAGR of 8.4%. Expansion factors include IoT application growth, wearable health tech rise, autonomous vehicles and robotics, and regulatory compliance. Notable trends encompass ultra-miniaturization, enhanced performance, multi-axis gyroscopes, low-power designs, sensor fusion, and advanced calibration techniques.
The MEMS gyroscope market is set to experience significant growth, driven by the surge in automotive vehicle production, which has witnessed notable increases due to technological advancements and consumer preferences. MEMS gyroscopes play a vital role in automotive vehicles, enhancing safety and performance related to rotational motion and orientation. With global motor vehicle production reaching 85.4 million units in 2022, the escalating production of automotive vehicles serves as a key driver behind the growth of the MEMS gyroscope market.
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What Are The Key Trends That Influence Micro Electromechanical Systems MEMS Gyroscopes Market Share Analysis?
Leading companies in the micro-electromechanical systems (MEMS) gyroscopes market are focusing on advanced solutions like the IAM-20380HT, a monolithic stand-alone MEMS gyroscope. TDK Corporation launched IAM-20380HT in November 2022 for automotive applications, offering high accuracy and reliability over a wide temperature range. This compact gyroscope supports various non-safety automotive applications, including navigation and vehicle tracking, with precision and efficiency.
Which Market Players Are Driving Growth In The Micro Electromechanical Systems MEMS Gyroscopes Market?
Major companies operating in the market areRobert 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.
How Is The Global Micro Electromechanical Systems MEMS Gyroscopes Market Segmented?
The micro-electromechanical systems (MEMS) gyroscopes market covered in this report is segmented –
1) By Type: Vibrating Wheel, Tuning Fork, Foucault Pendulum, Wine Glass Resonator, Other Types
2) By Application: Mobile Devices, Cameras And Camcorders, Gaming Consoles, Other Applications
3) By End-Use Industry: Consumer Electronics, Automotive, Aerospace And Defense, Industrial, Marine, Other End Use Industries
Read The Full Micro Electromechanical Systems MEMS Gyroscopes Market Report Here
The Micro Electromechanical Systems MEMS Gyroscopes Global Market Report 2024 provides an overview of the micro electromechanical systems mems gyroscopesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The micro electromechanical systems mems gyroscopes market forecast analyzes micro electromechanical systems mems gyroscopes market size, micro electromechanical systems mems gyroscopes market share, leading competitor and their market positions.
The Table Of Content For The Micro Electromechanical Systems MEMS Gyroscopes Market Include
1. Micro Electromechanical Systems MEMS Gyroscopes Market Executive Summary
2. Micro Electromechanical Systems MEMS Gyroscopes Market Segments
3. Micro Electromechanical Systems MEMS Gyroscopes Market Size And Template Market Growth Rate
4. Key Micro Electromechanical Systems MEMS Gyroscopes Market Trends
5. Major Micro Electromechanical Systems MEMS Gyroscopes Market Drivers
……
25. Key Mergers And Acquisitions In The Micro Electromechanical Systems MEMS Gyroscopes Market
26. Top Micro Electromechanical Systems MEMS Gyroscopes Companies
27. Micro Electromechanical Systems MEMS Gyroscopes Market Opportunities And Strategies
28. Micro Electromechanical Systems MEMS Gyroscopes Market, Conclusions And Recommendations
29. Appendix
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