From GlobeNewswire: 2024-11-14 10:49:00

The MEMS Gyroscopes Market was valued at USD 2.11 Billion in 2023, expected to reach USD 3.72 Billion by 2032 with a 6.58% CAGR. MEMS gyroscopes are crucial for ADAS, with 10 out of 14 features exceeding 50% market penetration in 2023, enhancing vehicle safety and automation.

Leading players in the MEMS Gyroscopes Market include Analog Devices, TDK Corporation, STMicroelectronics, and more. The market report covers key segments, market size projections, and drivers such as the demand for consumer electronics and growth in the automotive sector due to safety features and ADAS.

In 2023, the tuning fork segment dominated the MEMS Gyroscopes Market due to its common use in computers. Mobile devices led the market with a 41% share, driven by the increasing demand for smartphones and tablets. The adaptability of gyroscopes in low-energy applications is expected to drive market growth.

North America held a 34% market share in 2023 and is projected to be the fastest-growing region from 2024 to 2032, driven by investments in defense, aerospace, and automotive industries. Major tech companies in the region like Apple and Google incorporate MEMS gyroscopes in their devices, contributing to market growth.

Recent developments in the MEMS Gyroscopes Market include TDK launching the AXO314 for industrial applications and Inertial Labs introducing the TAG-304 gyroscope solution for stabilizing platforms with low latency and minimal noise. These innovations aim to enhance performance and broaden applications in various industries. MEMS gyroscopes are set to revolutionize IoT devices, smart homes, wearables, and connected vehicles with more accurate motion sensing capabilities. The automotive industry will drive demand for MEMS gyroscopes for ADAS, autonomous driving, and stability control systems. Advancements in sensor technology will enhance precision and temperature stability, expanding applications in various industries. Robotics, drones, healthcare, and medical devices will also benefit from MEMS gyroscope integration.
The MEMS Gyroscopes Market report covers research methodology, market dynamics impact analysis, statistical insights, competitive landscape, market segmentation, regional analysis, company profiles, use cases, and best practices. For more information and customization options, contact SNS Insider at [email protected]. SNS Insider is a leading market research and consulting agency providing clients with current market data, consumer insights, and opinions to make informed decisions in evolving market conditions.



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