Global MEMS Gyroscope Market 2014-2019
About MEMS Gyroscopes
MEMS gyroscopes are motion sensors that detect and measure the angular motion of an object. It measures the rate of rotation of an object around a particular axis. 1-axis, 2-axis, and 3-axis gyroscopes, capable of measuring velocity in three directions, are available in the market. Currently, 3-axis gyroscopes are combined with 3-axis accelerometers and 3-axis magnetometers to achieve 9 DOF, and these are generally used in consumer electronics. The increased demand for mobile devices has propelled the growth of the MEMS Gyroscopes market. The cost of MEMS gyroscopes is expected to decline drastically during the forecast period, leading to its increased adoption.
TechNavio's analysts forecast the Global MEMS Gyroscope market to grow at a CAGR of 9.1 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global MEMS Gyroscope market during the period 2014-2019. To calculate the market size, the report considers revenue generated from the sales of MEMS gyroscopes across the following segments:
TechNavio Announces the Publication of its Research Report – Global MEMS Gyroscope Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global MEMS Gyroscope Market: Analog Devices Inc., Bosch Sensortec, InvenSense Inc. and STMicroelectronics NV.
Other Prominent Vendors in the market are: Epson Toyocom, Kionix (ROHM), Maxim Integrated, Memsic and Murata.
Commenting on the report, an analyst from TechNavio’s team said: “The adoption of smart lifestyle wearable devices is a positive trend in the market. The growing requirement for smart devices like fitness and health devices, smartwatches, GPS-enabled devices and gaming consoles has increased the demand for MEMS gyroscopes, which is an integral part of these devices.”
According to the report, the need to develop advanced applications in mobile devices is a key driver in the market, which is expected to fuel the demand for MEMS gyroscopes. Vendors are developing new applications that use in-built sensors to analyze the different activities of consumers.
Further, the report states that increased competition among vendors will pose a serious challenge in the market. Large vendors in the semiconductor industry are acquiring small players to maintain a competitive edge in the market and also benefit from the expertise of the acquired organizations.
Analog Devices, Bosch , InvenSense, STMicroelectronics, Epson Toyocom, Kionix (ROHM), Maxim Integrated, Memsic, Murata