The global MEMS gyroscopes market is expected to witness high growth over the forecast period due to increased proliferation of mobile devices. Micro-electromechanical system (MEMS) gyroscopes help to address high level of motion sensing accuracy required in smartphones. MEMS gyroscopes are incorporated in several electronic devices such as digital camcorders, video cameras, digital cameras, personal media players, notebook PCs, and video games.
Key automotive applications include navigation assist; roll over detection in high end cars, and vehicle stability control. Yaw rate sensors are typically used in automotive applications. A yaw rate sensor is a gyroscopic device which is used in cars for measuring the orientation in order to keep the car in motion even when the GPS signal is lost. Furthermore, a yaw rate gyroscope can be used in the cars for activation of the electronic stability control (ESC) brake system which further helps in the prevention of accidents. Additionally, a roll gyroscope can be used for the activation of airbags in case of a rollover condition.
Other prominent applications in which gyroscopes are incorporated include virtual reality, robotics, 3D input devices, camcorder stabilization, and platform stability. Digital cameras use gyroscopes in the detection of hand rotation for image stabilization. MEMS gyroscopes also offers high stability in digital cameras, thereby further helping in delivering images with perfect clarity. With the increase in the demand of the digital cameras with much higher megapixels in the consumer electronics market, the increase in the use of MEMS gyroscopes is also anticipated to witness a substantial growth. Furthermore, MEMS gyroscopes also help in capturing even the miniature details with higher resolution.
On account of low weight, low cost with small form factor, low energy consumption and small size, MEMS gyroscopes are used in inertial navigation of the aerospace vehicles, automobiles, consumer electronic products, sailing, military missiles, and satellites. MEMS gyroscopes are also incorporated in portable devices’ applications requiring user interface for ease of use & additional features. Furthermore, the considerable size reduction of multi-axis gyroscopes structures and their integration with digital interface into a single package at an affordable cost is also anticipated to accelerate the penetration of gyroscopes into hand-held devices. Increased use of MEMS gyroscopes applications in digital cameras for delivering images with high clarity is expected to favorably impact the market growth. These gyroscopes are used in cameras for optical image stabilization to improve performance. GPS assistance requiring low noise, low drift over temperature & time and high sensitivity also need gyroscopes. Increased demand for 3-axis gyroscopes in smartphones is expected to drive the MEMS gyroscopes market growth over the forecast period.
The MEMS gyroscopes market can be segmented into tuning fork gyroscopes, vibrating wheel gyroscopes, wine glass resonator gyroscopes, and Foucault pendulum gyroscopes.
Key market players in the MEMS gyroscopes market include STMicroelelctrionics NV, InvenSense, Epson Toyocom Corporation.
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The recent COVID-19 pandemic that has been ravaging numerous countries across the globe has adversely affected the overall sensor, control, and automation industry. While the capital investments in the automation sector have been lethargic before the pandemic, they are expected to be put on hold or postponed for at least a year. However, the recent standstill in industrial manufacturing and production is anticipated to act as a wake-up call for the manufacturing sector on its reliance on human labor. This, in turn, is expected to highlight the advantages of robotics and automation helping a greater adoption in the post-pandemic period. As IoT, industrial automation, and digitalization are expected to become increasingly relevant to post-pandemic Tier 1 manufacturers, it may eventually turn into an opportunity especially in evolving supply chains. The report will account for Covid19 as a key market contributor.