GYRO Sensor Market Size and Growth Analysis:
A gyroscope is a device used to control the angular movement of a mechanical object. GYRO Sensor Market was valued at USD 4 billion, and is projected to reach USD 6 billion in the next five years, growing at a CAGR of 7.0%.
Factors Driving the Growth and Demand in GYRO Sensor Market:
Key factors that drive the growth of the global GYRO Sensor Market include increase in demand for consumer electronics, rise in number of vehicles, and high military spending across the globe.
Vibration gyros are expected to grow in areas such as vehicle car navigation support systems, robot motion controlling and vehicle driver safety solution systems.
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GYRO Sensor Market Segmentation Analysis:
The global market is segmented based on type, application, dimension, and geography. The type segment is further sub segmented into mems gyroscope, ring layer gyroscope, fiber-optic gyroscope and others. On the basis of dimension, the market is categorized into 1-axis, 2-axis, and 3-axis. By application, it is classified into electronics, transportation, aerospace & defense, industrial, and others.
ST Microelectronics along with U Sound delivered the first advanced MEMS silicon micro-speakers. The speakers are very small in size and less than half of the weight of conventional speakers. MEMS silicon micro-speakers are bound to enable wearable devices and are comfortable and compact.
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Geographical Analysis of GYRO Sensor Market:
Geographically, Asia-Pacific accounted for over two-thirds of the GYRO Sensor Market, and is expected to retain its dominant position, due to high share in consumer electronics market, rise in defense budget, and increase in industrialization in the countries.
Some of the Key Players in GYRO Sensor Market:
Analog Devices, Inc., Honeywell International Inc., InvenSense, Inc., KIONIX, Inc., Murata Manufacturing Co., Ltd., Northrop Grumman LITEF GmbH, NXP Semiconductors, Robert Bosch GmbH, Sensonor AS, STMicroelectronics
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