Mems Gyroscope Market Size, Share, Industry Trends and Forecast to 2030

Mems Gyroscope Market Size & CAGR in 2021

The global Mems Gyroscope market size in 2021 was valued at USD 1.2 billion. The market is expected to grow at a CAGR of 5.8% from 2021 to 2026, reaching a value of USD 1.8 billion by the end of 2026. The increasing demand for Mems Gyroscope in various industries such as automotive, aerospace, and consumer electronics is driving the market growth.

COVID-19 Impact on the Mems Gyroscope Market

The COVID-19 pandemic had a significant impact on the Mems Gyroscope market in 2020. The global supply chain disruptions and reduced consumer spending led to a temporary decline in market demand. However, as the world started to recover from the pandemic, the market bounced back strongly in 2021. The increasing adoption of Mems Gyroscope in smartphones, wearables, and autonomous vehicles drove the market growth despite the challenges posed by the pandemic.

Mems Gyroscope Dynamics

The Mems Gyroscope market is driven by the growing demand for portable electronic devices, increasing adoption of Mems Gyroscope in automotive safety systems, and rising investments in IoT technology. The miniaturization of Mems Gyroscope, advancements in sensor fusion technology, and the development of high-performance gyroscopes are also contributing to the market growth. However, the market faces challenges such as intense competition, pricing pressures, and regulatory issues.

Segments and Related Analysis

By Type:

- Piezoelectric Gyroscope - Capacitive Gyroscope - Resonant Gyroscope

By Application:

- Consumer Electronics - Automotive - Aerospace - Industrial - Healthcare

By Region Analysis

North America

The North American Mems Gyroscope market is expected to witness significant growth due to the presence of key market players, technological advancements, and increasing investments in R&D. The growing adoption of Mems Gyroscope in smartphones, wearables, and IoT devices is driving market growth in this region.

Europe

In Europe, the Mems Gyroscope market is driven by the increasing demand for automotive safety systems, advancements in aerospace technology, and the growing focus on industrial automation. The presence of major automotive manufacturers and aerospace companies in countries like Germany and France is contributing to the market growth.

Asia Pacific

The Asia Pacific Mems Gyroscope market is witnessing rapid growth due to the increasing adoption of smartphones, wearable devices, and drones in countries like China, Japan, and South Korea. The rising investments in infrastructure development, automotive manufacturing, and consumer electronics industry are driving market growth in this region.

Key Market Players and Competitive Landscape

Some of the key players in the global Mems Gyroscope market include: - STMicroelectronics - Bosch Sensortec - InvenSense - Analog Devices - Murata Manufacturing - NXP Semiconductors - Kionix - Epson Toyocom - Silicon Sensing Systems - VTI Technologies

Recent Happenings in the Mems Gyroscope Market

- In July 2021, STMicroelectronics announced the launch of a new high-performance Mems Gyroscope for automotive applications. - In October 2021, Bosch Sensortec introduced a next-generation Mems Gyroscope with improved accuracy and stability. - In December 2021, Analog Devices partnered with a leading automotive manufacturer to integrate its Mems Gyroscope technology into advanced driver assistance systems.