TechNavio recognizes the following companies as the key players in the Global MEMS Gyroscope Market: Epson Toyocom, InvenSense Inc., Panasonic Corp., and STMicroelectronics NV.
Commenting on the report, an analyst from TechNavio’s team said: “The increasing usage of MEMS gyroscopes in digital cameras is a major trend that is expected to contribute to the growth of the market. The MEMS Gyroscope market is increasing its applications in digital cameras. MEMS gyroscopes provide high stability in digital cameras, thereby helping deliver images with high clarity. As the demand for digital cameras with higher megapixels is increasing in the Consumer Electronics market, the adoption of MEMS gyroscopes is also increasing. MEMS gyroscopes help capture even minute details with high resolution. These features make digital cameras more efficient and this is therefore increasing sales.”
According to the report, one of the major drivers is the growing Smartphones market. MEMS gyroscopes provide a high level of motion sensing accuracy in a smartphone for its various applications. The rapid increase in the sales of smartphones across the globe has led to an increase in the demand for MEMS gyroscopes.
Further, the report states that one of the key challenges in this market is the high competition among vendors. The increasing competition is leading to fierce price wars, forcing vendors to provide MEMS gyroscopes at lower prices than their competitors. This is one of the major factors affecting the growth of the market.
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. For further information on this report, please visit https://www.technavio.com/report/global-mems-gyroscope-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global MEMS Gyroscope Market 2012-2016
