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Gyro Sensors Market Trends

  • Report ID: GMI8304
  • Published Date: Feb 2024
  • Report Format: PDF

Gyro Sensors Market Trends

AI algorithms are being increasingly integrated into gyro sensors to improve sensor fusion techniques. By combining data from gyro sensors with other sensors like accelerometers and magnetometers, AI-powered sensor fusion algorithms can provide more accurate and reliable motion sensing, orientation estimation, and navigation capabilities. These advancements enable gyro sensors to deliver more precise measurements and enhance overall system performance in various applications, including automotive, aerospace, and robotics. For instance, in December 2022, STMicroelectronics launched a 6-axis Inertial Measurement Unit (IMU), the LSM6DSV16X. It contains 3-axis gyroscope for a wide range of applications, including 3D phone mapping, context awareness in laptops and tablets, gesture recognition for XR headsets, and always-on activity tracking.
 

The adoption of Industry 4.0 principles and smart manufacturing practices is driving the demand for gyro sensors in industrial automation and control systems. Gyro sensors play a crucial role in providing accurate motion sensing, orientation detection, and position tracking in industrial machinery, robots, and equipment. As industries strive to improve productivity and flexibility in manufacturing processes, the demand for gyro sensors for industrial applications is on the rise. For instance, in November 2022, Murata Manufacturing Co., Ltd.  introduced a MEMS (Micro-Electro-Mechanical Systems) sensor family, the SCC400T series, comprising combined gyroscope and accelerometer sensors.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for gyro sensors surpassed USD 900 million in revenue in 2023 and is projected to expand at 9.5% CAGR between 2024 and 2032 owing to the ongoing proliferation of advanced driver assistance systems (ADAS) technologies in vehicles.

Gyro sensors market from the single-axis segment accounted for more than 30% revenue share in 2023 and is estimated to witness high demand till 2032 due to the ongoing advancements in MEMS technology leading to improvements in performance, sensitivity, and reliability

Asia Pacific market for gyro sensors is set to expand at over 11% CAGR from 2024 to 2032 owing to the expanding automotive sector, in countries like China, Japan, South Korea, and India

Some of the top companies engaged in the market are Analog Devices, Inc., Honeywell International Inc., InnaLabs, InvenSense, and Murata Manufacturing Co., Ltd.

Gyro Sensors Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 334
  • Countries covered: 21
  • Pages: 220
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