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MEMS Gyroscope Market Size (2024 - 2029)

The MEMS gyroscope market is experiencing growth driven by factors such as increased defense expenditure and the rising demand for mobile devices. The market size is expanding as military organizations worldwide adopt advanced technologies to enhance operational efficiency, and the proliferation of smartphones boosts the need for high-accuracy motion sensing provided by MEMS gyroscopes. This growth trend highlights the increasing integration of MEMS gyroscopes in various electronic devices, contributing to the overall expansion of the market.

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Market Size of MEMS Gyroscope Industry

mems gyroscope market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 9.48 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

MEMS Gyroscope Market Analysis

The MEMS gyroscope market is expected to witness a CAGR of 9.48% during the forecast period (2021- 2026). MEMS gyroscopes are incorporated in several electronic devices, such as digital camcorders, video cameras, digital cameras, personal media players, notebook PCs, and video games.

  • The gyroscope market is primarily driven by increased defense expenditure, across the world. According to SIPRI, global military spending remains very high at USD 1.7 trillion. With increased expenditure, the various military organizations are poised to adopt the latest technology in order to enhance efficiency.
  • There has been an increased proliferation of mobile devices. MEMS gyroscope facilitates a high level of motion sensing accuracy required in smartphones. Thus, the increased demand for smartphone is positively impacting the adoption rate of MEMS gyroscope sensors.

MEMS Gyroscope Industry Segmentation

Traditional spinning gyroscopes work on the basis that a spinning object that is tilted perpendicularly to the direction of the spin will have a precession. The precession keeps the device oriented in a vertical direction so the angle relative to the reference surface can be measured. 

By Application
Consumer Electronics (Mobile Devices, Handheld Gaming Consoles, Cameras)
Automotive and Aerospace
Other Applications (Industrial, Healthcare)
Geography
North America
Europe
Asia-Pacific
Rest of the World
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MEMS Gyroscope Market Size Summary

The MEMS gyroscope market is experiencing significant growth, driven by its integration into a wide range of electronic devices, including digital cameras, personal media players, and video games. The market is primarily propelled by increased defense spending globally, as military organizations seek to adopt advanced technologies to enhance operational efficiency. Additionally, the proliferation of mobile devices has boosted the demand for MEMS gyroscopes, which provide the high motion sensing accuracy required in smartphones. This trend is further supported by the growing adoption of vehicle dynamic control systems and rollover detection systems, where gyroscopes play a crucial role in enhancing vehicle safety and navigation accuracy.

In North America, the development of gyroscope technologies is particularly robust, fueled by government regulations mandating safety and emissions standards in vehicles. This has led to an increase in automotive electronics content, driving demand for various automotive sensors, including MEMS gyroscopes. The region's strong consumer electronics market also contributes to the high adoption rate of these sensors, which are used in applications such as optical image stabilization, user interfaces, and gaming. The MEMS gyroscope market is moderately competitive, with major players like Bosch Sensortec and Analog Devices Inc. introducing innovative features to maintain a competitive edge.

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MEMS Gyroscope Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Increased Proliferation of Smartphones

      2. 1.3.2 Increased Defense Expenditure

    4. 1.4 Market Restraints

      1. 1.4.1 High Up-front Costs Involved

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Consumer Electronics (Mobile Devices, Handheld Gaming Consoles, Cameras)

      2. 2.1.2 Automotive and Aerospace

      3. 2.1.3 Other Applications (Industrial, Healthcare)

    2. 2.2 Geography

      1. 2.2.1 North America

      2. 2.2.2 Europe

      3. 2.2.3 Asia-Pacific

      4. 2.2.4 Rest of the World

MEMS Gyroscope Market Size FAQs

The MEMS Gyroscope Market is projected to register a CAGR of 9.48% during the forecast period (2024-2029)

Analog Devices Inc., Bosch Sensortec GmbH, InvenSense Inc. (TDK), STMicroelectronics N.V. and Murata Manufacturing Co., Ltd. are the major companies operating in the MEMS Gyroscope Market.

MEMS Gyroscope Market Report Snapshots

MEMS Gyroscope Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)