NEW YORK, Jan. 24, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
http://www.reportlinker.com/p01084111/3-Axis-Consumer-Gyroscopes.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Machine_Tool_and_EquipmentPLENTY OF NEW APPLICATIONS WILL DRIVE THE 2017 MARKET TO $1.6B Changes can happen quickly in the inertial MEMS industry! 3-axis MEMS gyroscopes did not exist in 2009, but it is now a very large market. Indeed 3-axis gyroscopes and gyro-based combos in consumer applications were a $458M market in 2011. Since continuous growth is expected, everyone agrees that this is the hottest segment of all MEMS sensors and the market is expected to reach $1.57B by 2017! Smartphones and tablets are the major contributors to the developments in 3-axis consumer gyroscopes. As the demand for products rises and the attach rate of gyroscopes increases, this area is very appealing for all gyro players. This report carefully details the applications and analyses how it is currently driving all the major evolutions in terms of size, combo roadmap, software etc. Market opportunities are also present in many other areas. While some mature segments still represent a significant market (gaming, camera stabilization, etc.), a wide range of new applications is emerging. Many new developments are found in sports (e.g. gesture monitoring), fitness (e.g. posture monitoring), healthcare (e.g. fall detection), toys (e.g. robotic devices), remote controls (e.g. pointing for digital set top boxes). Many developers are currently working on such emerging applications and we are convinced that these new developments will become significant markets in the medium or long term. Recent advances in integration and spectacular decreases in price (6DOF IMUs will be available for close to $1 soon) are enabling these emerging markets. Details on these emerging applications are contained in the report. FROM 2 SUPPLIERS IN 2011 TO MORE THAN 25 COMPETITORS IN 2017 While the market is already huge, it seems surprising that only 2 players have captured most of it so far! Indeed STMicroelectronics is the global leader with 69% market share in 2011; its only substantive competitor is InvenSense. But competition is heating up: Bosh Sensortec will be another key player with volume production by the end of 2012 and other players will join in 2013.