News Article
MEMS gyroscope market to boost due to smartphones
In its 'Global MEMS Gyroscope Market 2012-2016', TechNavio's analysts forecast the Global MEMS Gyroscope market to grow at a CAGR of 9.2 percent over the period 2012-2016.
One of the key factors contributing to this market growth is the high demand for MEMS Gyroscopes in smartphones. The Global MEMS Gyroscope market has also been witnessing increasing usage in digital cameras. However, the high competition among vendors could pose a challenge to the growth of this market.
The key vendors dominating this market space are InvenSense Inc., STMicroelelctrionics NV, Epson Toyocom Corp., and Panasonic Corp.Other vendors mentioned in the report are Sony Corp., Murata Manufacturing Co. Ltd., and Robert Bosch Gmbh.