Dec. 8, 2003 — Revenues for MEMS gyros are expected to grow by more than $100 million in the next four years based on their ability to sense and measure rotational motion in automotive and military applications, according to a new report.
“Market Snapshot: MEMS Gyroscopes,” published by In-Stat/MDR, predicts that unit shipments are increasing from $279 million last year to $396 million in 2007, a compound annual growth rate of nearly 25 percent.
The report found that 10 of the top 12 inertial measurement unit (IMU) suppliers are offering or developing MEMS for the units, and nearly half of the nearly 60 known IMUs available or in development employ MEMS gyros and accelerometers.
The $1,995 report also said gyros are most often sold as part of an IMU, but sales of stand-alone gyros will increase if the price can below $10 as suppliers suggest.