MEMS Gyroscopes Market Size to Reach USD 3.72 Billion by 2032 with Expanding Applications in Mobile Devices and Gaming | Research by SNS Insider [Yahoo! Finance]
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Source: Yahoo! Finance
Austin, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Insights: According to the SNS Insider, “ The MEMS Gyroscopes Market S ize was valued at USD 2.11 B illion in 2023 and is expected to reach USD 3.72 B illion by 2032 and grow at a CAGR of 6.58% over the forecast period 2024-2032. ” MEMS gyroscopes are crucial for advanced driver-assistance systems (ADAS), transforming vehicle safety and automation. As of 2023, 10 of the 14 tracked ADAS features surpassed 50% market penetration, with five essential safety systems forward collision warning, automatic emergency braking (AEB), lane departure warning, pedestrian AEB, and pedestrian detection warning attaining a penetration rate of 91% to 94%. This indicated notable expansion, since no ADAS feature had surpassed 75% market penetration in 2021. MEMS gyroscopes, essential for accurately measuring angular motion and vehicle orientation, are fundamental to numerous ADAS technologies, including lane-keeping assistance, automatic
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