The report 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.
The report 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.