Automotive Gyroscope Market Scope
Gyroscopes are devices that measure or maintain rotational motion. MEMS gyros are small, inexpensive sensors that measure angular velocity. The units of angular velocity are measured in degrees per second or revolutions per second (RPS). Angular velocity is simply a measurement of the speed of rotation. Gyros can be used to determine the orientation and are found in most autonomous navigation systems. An emergence of efficient, economical, and compact MEMS technology is one of the major factor contributing to the growth of the automotive gyroscopes market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | North America |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Robert Bosch GmbH (Germany), Stmicroelectronics N.V. (Switzerland), Analog Devices, Inc. (United States), Honeywell International, Inc. (United States), KVH Industries, Inc. (United States), Murata Manufacturing Co., Ltd. (Japan), NXP Semiconductors N.V. (Netherlands), Invensense, Inc. (United States), Kionix, Inc. (United States) and Fizoptika Corp. (Malta) |
CAGR | 9.36% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Gyroscope market throughout the predicted period.
Robert Bosch GmbH (Germany), Stmicroelectronics N.V. (Switzerland), Analog Devices, Inc. (United States), Honeywell International, Inc. (United States), KVH Industries, Inc. (United States), Murata Manufacturing Co., Ltd. (Japan), NXP Semiconductors N.V. (Netherlands), Invensense, Inc. (United States), Kionix, Inc. (United States) and Fizoptika Corp. (Malta) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Innalabs Holding Inc. (Ireland), Sensonor as (Norway) and Systron Donner Inertial (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automotive Gyroscope market by Type , by Application (Internal Navigation Sensors, Air Conditioning Compressor Sensor, Brake Force Sensors & Suspension Control Accelerometers, Fuel Level & Vapor Pressure Sensors, Airbag Sensors, Intelligent Tires and Others) and Region with country level break-up.
On the basis of geography, the market of Automotive Gyroscope has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 8 Jan 2019, TDK Corporation has announced the availability of a new line of automotive high-accuracy devices from InvenSense, a TDK group company. The product includes IAM-20680, IAM-20680HP, IAM-20380, and IAM-20381 gyroscopes. and On 9 July 2018, STMicroelectronics, a global semiconductor leader has introduced the automotive-grade ASM330LHH six-axis inertial sensor for super-high-resolution motion tracking in advanced vehicle navigation and telematics applications. 3-axis accelerometer and 3-axis gyroscope integrated on a single chip leverage ST-proprietary end-to-end MEMS process for the best quality and customer supply-chain assurances.
On 11 May 2018, Bosch, a leading automotive gyroscope player has unveiled SMI230. MEMS sensors enable cars to navigate without GPS, improves the reliability of navigation systems. Moreover, helps to keep on track even under poor GPS signal conditions. Accelerometer and gyroscope combined in a single package. The sensor is highly precise, stable and extremely power-efficient. and On 20 Aug 2018, Murata expands its MEMS sensor manufacturing by building a new factory in Vantaa, Finland to increase the sensor production capacity. The total value of the investment is five billion yen. The MEMS sensors manufactured by Murata in Finland are used in applications such as car safety systems and pacemakers.
Influencing Trend:
Use of Vibration-Based MEMS
Market Growth Drivers:
Stringent Government Regulations for the Automotive Industry and The Emergence of Efficient, Economic, and Compact MEMS Technology
Challenges:
High Installation Charge Due to Great Designing and Testing
Restraints:
Highly Complex Manufacturing Process and Demanding Cycle Time and Capital-Intensive Applications
Opportunities:
Commercialization of IoT and Rising Demand from Developing Regions
Key Target Audience
Automotive Gyroscopes Manufacturers, Automotive Gyroscopes Traders/Distributors, Automotive Gyroscopes Importer/Exporter, Technology Investors, Regulatory Bodies, End Users and Others