What Has Been the Growth of the Micro Electromechanical Systems MEMS Gyroscopes Market So Far?
The micro electromechanical systems mems gyroscopes market has seen considerable growth due to a variety of factors.
• The market size for Micro-Electromechanical Systems (MEMS) gyroscopes has seen substantial growth lately. The market is projected to increase from $2.38 billion in 2024 to $2.62 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 9.8%.
The noteworthy expansion during the historic period can be attributed to several factors such as rising demand for consumer electronics, the booming automotive applications, the advent of wearable technology, and cost reduction.
What Is the Forecasted Market Size and Growth Rate for The Micro Electromechanical Systems MEMS Gyroscopes Market Size In The Coming Years?
The micro electromechanical systems mems gyroscopes market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the market size for micro-electromechanical systems (MEMS) gyroscopes is predicted to register robust expansion. The market is expected to reach a worth of $3.55 billion in 2029, with a 7.9% compound annual growth rate (CAGR). This anticipated growth during the forecast period can be ascribed to factors such as a surge in IoT applications, wearable health tech advancements, autonomous vehicle technology, and robotics regularity compliance. Noteworthy market trends anticipated within this period consist of ultra-miniaturization, enhanced performance, multi-axis gyroscopes, low-power designs, sensor fusion, and advanced calibration techniques.
What Factors Are Driving Growth In The Micro Electromechanical Systems MEMS Gyroscopes Market?
The increase in the production of automobiles is predicted to drive the growth of the micro-electromechanical systems (MEMS) gyroscope market. Automobiles are self-maneuvering vehicles primarily intended for road, street, and highway travel. This growth results from technological advancements, environmental rules, and customer preferences. MEMS gyroscopes are employed with automotive vehicles to improve safety, performance, and functionality of rotational motion and orientation. For instance, the global motor vehicle production escalated to 85.4 million units in 2022, marking a considerable 5.7% increase from 2021, as reported by the Belgium-based European Automobile Manufacturers Association. Therefore, the escalating production of automotive vehicles is fueling the micro-electromechanical systems (MEMS) gyroscope market. The escalating demand for consumer electronics is projected to boost the growth of the MEMS gyroscope market. Consumer electronics are user-friendly electronic gadgets designed for individual use, incorporating entertainment, communication, and accessing information, consequently impacting daily living. The demand for such electronics is increasing owing to various factors such as enhanced connectivity, remote work and learning, entertainment and MEMS gyroscopes, which ensure accurate motion sensing and orientation detection in consumer electronics, thereby enhancing their functionality. The compactness and low power consumption of these gyroscopes allow for their effortless integration into devices, thereby enriching user experiences and facilitating advanced applications. For instance, as per the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the production of consumer electronics soared to 32,099 units in May 2023. Moreover, the association accounted for a production of 25,268 units in May 2022. Therefore, the surge in demand for sophisticated consumer electronics is propelling the growth of the MEMS gyroscope market.
What Are The Main Segments Of The Global Micro Electromechanical Systems MEMS Gyroscopes Market?
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
Subsegments:
1) By Vibrating Wheel: Electrostatic Vibrating Wheel Gyroscopes, Piezoelectric Vibrating Wheel Gyroscopes
2) By Tuning Fork: Dual-Mode Tuning Fork Gyroscopes, Single-Mode Tuning Fork Gyroscopes
3) By Foucault Pendulum: Traditional Foucault Pendulum Gyroscopes, MEMS-Based Foucault Pendulum Gyroscopes
4) By Wine Glass Resonator: High-Q Wine Glass Gyroscopes, Low-Q Wine Glass Gyroscopes
5) By Other Types: Coriolis Effect Gyroscopes, Optical MEMS Gyroscopes, Solid-State Gyroscopes, Fiber Optic Gyroscopes
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How Are New Trends Impacting The Size Of The Micro Electromechanical Systems MEMS Gyroscopes Market?
In the domain of micro-electromechanical systems (MEMS) gyroscopes, leading businesses like the TDK Corporation are concentrating on the creation of ground-breaking advancements like the IAM-20380HT, a self-contained MEMS gyroscope. This Gyroscope is responding to the increasing necessity for reliable and highly precise gyroscopes in the automotive industry. The IAM-20380HT, launched by Japanese electronics manufacturer TDK Corporation in November 2022, is the first-ever stand-alone MEMS gyroscope in the world. Built for non-safety automotive applications, it operates across a broad temperature spectrum and offers reliable, high-precision measurement data for a variety of uses, including navigation, vehicle tracking, telematics, door control, and vision systems. This innovative device offers selectable scales, sleep mode, and adjustable bandwidth while maintaining a compact size. It also delivers high precision, reliability and versatility, all in a compact and efficient design.
Who Are the Key Players In The Micro Electromechanical Systems MEMS Gyroscopes Market?
Major companies operating in the micro-electromechanical systems (MEMS) gyroscopes market are:
• Robert 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 TechnologiesInc.
• Colibrys Ltd.
• MicroStrain Inc.
• VTI Technologies
• MemsTech Co.Ltd.
What Is The Most Dominant Region In The Micro Electromechanical Systems MEMS Gyroscopes Market?
North America was the largest region in the micro-electromechanical systems (MEMS) gyroscopes market in 2024. The regions covered in the micro-electromechanical systems (mems) gyroscopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
