Dublin, March 11, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/93sv2n/global_mems) has announced the addition of the "Global MEMS Gyroscope Market 2014-2019" report to their offering.
The analysts forecast the Global MEMS Gyroscope market to grow at a CAGR of 9.1% over the period 2014-2019
This report covers the present scenario and the growth prospects of the Global MEMS Gyroscope market during the period 2014-2019.
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.
To calculate the market size, the report considers revenue generated from the sales of MEMS gyroscopes across the following segments:
- Mobile Devices (Smartphones and Tablets)
- Cameras and Camcorders
- Gaming Consoles
Key Vendors
- Analog Devices
- Bosch
- InvenSense
- STMicroelectronics
Other Prominent Vendors
- Epson Toyocom
- Kionix (ROHM)
- Maxim Integrated
- Memsic
- Murata
For more information visit http://www.researchandmarkets.com/research/93sv2n/global_mems