MEMS Accelerometer and Gyroscope Market Size

MEMS Accelerometer & Gyroscope Market Analysis

The MEMS Accelerometer and Gyroscope Market is expected to register a CAGR of 9.73% over the forecast period from 2021 to 2026. Microelectromechanical system (MEMS) sensors offer several advantages, such as accuracy and reliability, and the potential to make smaller electronic devices. As a result, they have gained significant traction in the past few years. Accelerometers and gyroscopes are the MEMS sensors of choice for providing acceleration and rotational information in drones, cellphones, automobiles, airplanes. Further, industrial automation and demand for miniaturized consumer devices, such as wearables and IoT-connected devices, among others, across regions, are among the significant factors driving the MEMS Accelerometer and Gyroscope market.

• The accelerometer and gyroscope individually provide substantial advantages to the navigation system; however, both have a scope of the data uncertainty. Preferably both of these sensors collecting data on the same phenomena and merging their output data is an appropriate option in various applications. This can be efficient with a sensor fusion strategy that combines sensory data from disparate sources and generate information that has less uncertainty. When connecting the 3D accelerometer and 3D gyroscope data, it is most useful to have both functions coexist in the same device. An example of such a device is the STMicroelectronics LSM6DS3HTR 3D accelerometer and 3D gyroscope. Appropriate applications include a pedometer, motion tracking, gesture detection, and tilt functions.
• Further, the use of accelerometers and gyroscope is increasing due to their applications in various configurations in the military. The global military spending remained very high at USD 1917 billion (SIPRI) in 2019, and as a result of improved expenditure, military organizations are poised to use the most advanced technology. The United States has the most significant spending in the military and defense. The country focuses on precision-guided munitions (PGMs), such as laser-guided bombs and cruise missiles, that have become the weapons of choice for the US military.
• Further, wider adoption of MEMS sensors in the IoT is expected to drive the integration of MEMS and low - power ASICs, for processing and connectivity (multi-functional integrated devices, combined at the wafer level, for instance, a combination of accelerometer and gyroscope, together with a magnetometer, pressure sensor, and ASIC, in a system -in -package). This trend might pose threats to the demand for discrete MEMS sensors. As the modern embedded design requires sensors and wireless connectivity, this is accelerating based on the breadth of wireless standards being integrated into products. Currently, players are bringing the fundamental sensor and wireless building blocks in an excellent package for accelerated design
• Further, the impact of COVID -19 shows a significant fall in the market growth, mostly in the consumer and automotive sector due to the lockdown and massive disruption in supply chain movement. However, it is potentially providing growth in the wearable market sector. A smart wearable is mostly associated with giving human health status. The intelligent ring startup Oura is working with the University of California, San Francisco (UCSF), to manufacture a smart ring that can monitor elements like body temperature and can also conduct a daily symptom survey. This helps users in detecting the early onset of COVID -19. The Oura ring features am infrared LEDs, an accelerometer, three temperature sensors, and a gyroscope and are capable of tracking vitals like the heart - rate and the respiration -rate via the finger.