Gyroscope Market Synopsis

Gyroscope Market Size Was Valued at USD 2.6 Billion in 2023, and is Projected to Reach USD 3.7 Billion by 2032, Growing at a CAGR of 3.9% From 2024-2032.

The market related to gyroscope includes manufacturing and utilization of gyroscopic sensors in several fields. Gyroscope are essential elements applied for controlling and determining the position of various objects including portable devices, modern drones, space vehicles and submarines. They work on the basis of the concept of angular momentum and enable correct measurement of rotations in various axes. The miniaturization due to improvements in the micro-electromechanical systems (MEMS) has promoted the use of gyroscopes in portable gadgets, automotive applications/ inertial navigation, and industrial uses. The market is defined and sustained by continuous tech advancements in increasing precision, miniaturization, and endurance with the consumers’ increasing demand for stable and reliable orientation sensing in both civilian and military applications around the world.

• Presently, the market for gyroscope is growing briskly with application spanning across various industries including the consumer electronics, automotive, aerospace, and defense industries. Gyroscopes are also very useful for position and motion sensing, hence valuable in surveillance cameras as well as used in self-driving cars, drones, as well as satellites. Such factors driving the market are the growth of advanced technologies in the market, for instance, Micro Electro Mechanical System (MEMS) which allows clients to access gyroscopes with reduced chassis as well as low energy consumptions and better characteristics. These innovations have not only led to the integration of gyroscopes into modern consumer products but also in the industrial and in military markets where precise and accurate devices are needed.

• In addition, IoT (Internet of Things) devices and inclusion of gyroscopic sensors into wearable devices are other factors that support this market growth. Bearing in mind that the gyroscope market comprises firms from various industrial sectors, organizations are dedicated to the development of innovative sensors for various functions as well as the addition of other functionalities such as multi-axis sensing to meet the needs of prospective applications across many industries. Because the relevance of a precise control of motion and orientation grows in various industries and consumers’ demand for more effective and innovative devices rises, the gyroscope market will continue to develop.

Gyroscope Market Trend Analysis

Increasing integration of gyroscopic sensors into augmented reality (AR) and virtual reality (VR) devices

• Augmented and Virtual Reality being the trend of the current era proves gargantuan growth as one of the trends seen for Gyroscopic Sensors being incorporated in the systems. These sensors are important in delivering high accuracy in the tracking of motion and orientation especially for the AR/VR applications. With further enhancement and increasing popularity of AR/VR solutions in the fields of game, entertainment, training, and industry sectors, the conventional expectation of high-speed and high-precision motion sensing without latency of gyroscope devices is increasing at a fast pace. There is a definitive trend towards the creation of gyroscopes being of higher accuracy, faster response rates, and lower power consumption to meet the needs of AR/VR which acts as a driving force in manipulating the development and advancements of the relevant product, the gyroscope.

Field of autonomous vehicles and advanced driver-assistance systems (ADAS)

• A promising trend within the development of gyroscope technology is represented by the automotive industry – specifically, auto-mobiles and systems of automatic control and navigation (-autonomous vehicles and ADAS architectures). Gyroscopes are highly relevant in the provision of nice inertial measurements that are fundamental for navigation, vehicle stability and safety especially in self-driving cars and trucks. Ever since the automotive market has shifted towards the integration of ASLD and other systems of self-driving, there has been a demand for high-quality gyroscopic sensors for identifying and monitoring the motion of vehicles in real time.

•  Opportunities also exist in the development of new gyroscopes specifically with intensified heat and mechanical vibration tolerance as is expected in automobiles. Those companies investing in the development of this industry segment can enter a rather promising niche that would focus on the quick growth rates of both the self-driving car technology sector and the market for ADAS systems and move to use the role of a key supplier of vital sensors in the automotive field’s future.

Gyroscope Market Segment Analysis:

Gyroscope Market Segmented on the basis of type and application.

By Type, MEMS Gyroscope segment is expected to dominate the market during the forecast period

• Across the forecast period, the MEMS (Micro-Electro-Mechanical Systems) gyroscope segment is set to lead the overall package due to quite a few advantages that it has over typical gyroscopic technologies. Of all MEMS devices, gyroscopes are most compact, power efficient, and affordable, which especially makes them suitable for a large number of consumer products and automotive and industrial applications. These gyroscopes use microfabrication technology to develop small sensors that can determine angular velocity with adequate accuracy to meet the market demand for miniaturized sensors in numerous fields.

•  MEMS gyroscopes dominate this application and this is further supported by the constant progress in MEMS technology which continually enhances the sensors’ performance, stability and manufacturability. lt improves multifaceted sensing capability, and the possibility to integrate with other sensors makes them useful in smartphone’s motion tracking, camera image stabilization, drones, and wearable devices navigation systems, and so on. It is anticipated that as demand the Io(T) and smart device technologies increase within various industries, so to will the MEMS gyroscope segment and the potential for novel gyroscopic sensing platforms for the future.

By Application, Consumer Electronics segment expected to held the largest share

• Out of all the categories in the gyroscope market, the consumer electronics application is expected to dominate the market share. This domination is due to the fact that gyroscopic sensors have become incorporated in smartphones, tablets, game consoles, and wearable devices. In the electronics market, inventories such as motion sensing, gesture recognition or the stabilization of camera pictures are based on gyroscopes. As they are used in applications as and video games, game controllers and cameras, and with the increasing demand from customers for better gaming experiences, better handling of mobile devices, and better camera handling, there is a constant demand for better performing gyroscopes.

•  However, the miniaturization and the availability of commendably low cost MEMS based gyroscopes has especially fast forward the usage of the same with the consumer electronics producers being in a position to integrate superior motion sensing features into their gadgets without having to compromise the gadget size or cost. Owing to constant technological improvements in sensor technology that make the devices more accurate and resource efficient The consumer electronics segment is expected to remain in the future the most dynamic segment that will have the highest impact on the development of the gyroscope market worldwide.

Gyroscope Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The gyroscope market is expected to be dominated by Asia Pacific across the existing timeline for multiple factors. Such influential factors as the dynamic industrialization of the region, as well as focusing on the development of consumer electronics productions in such countries as China, South Korea, and Japan lead to a high demand for gyroscopic sensors applied to smartphones, tablet computers, and wearable devices. In addition, the growing automotive sector in growing dominions like India and China is also influencing the use of gyroscope in enhanced ADAS and navigation systems enhancing the market revenue.

•  Also, Asia-Pacific becomes more involved in aerospace and defense industries with India as well as Japan enhancing their defense systems, the demand for gyroscopic sensor across aircraft control, missile systems, and UAVs are significantly high. Technological advancement and enhancement in the production capacity witnesses the region as one of the prominent market for the gyroscope in the global map with expected market growth in both the consumption as well as production of the sensing devices in the future.

Active Key Players in the Gyroscope Market

• Analog Devices, Inc. (USA)
• Bosch Sensortec GmbH (Germany)
• Honeywell International Inc. (USA)
• Innovusion, Inc. (China)
• Invensense, Inc. (TDK) (USA)
• Kionix, Inc. (ROHM Semiconductor) (USA)
• Lord Microstrain (USA)
• Memsic Inc. (USA)
• Murata Manufacturing Co., Ltd. (Japan)
• Northrop Grumman Corporation (USA)
• NXP Semiconductors N.V. (Netherlands)
• Safran Electronics & Defense (France)
• Sensonor AS (Norway)
• STMicroelectronics (Switzerland)
• Trimble Navigation Ltd. (USA)
• Other Active Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Gyroscope Market by Type
 4.1 Gyroscope Market Snapshot and Growth Engine
 4.2 Gyroscope Market Overview
 4.3 MEMS Gyroscope
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 MEMS Gyroscope: Geographic Segmentation Analysis
 4.4 Fiber Optic Gyroscope
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Fiber Optic Gyroscope: Geographic Segmentation Analysis
 4.5 Ring Laser Gyroscope
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Ring Laser Gyroscope: Geographic Segmentation Analysis
 4.6 Dynamically Tuned Gyroscope
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Dynamically Tuned Gyroscope: Geographic Segmentation Analysis
 4.7 Hemispherical Resonating Gyroscope
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Hemispherical Resonating Gyroscope: Geographic Segmentation Analysis
 4.8 Others
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 Others: Geographic Segmentation Analysis

Chapter 5: Gyroscope Market by Application
 5.1 Gyroscope Market Snapshot and Growth Engine
 5.2 Gyroscope Market Overview
 5.3 Consumer Electronics
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Consumer Electronics: Geographic Segmentation Analysis
 5.4 Aerospace & Defense
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Aerospace & Defense: Geographic Segmentation Analysis
 5.5 Industrial Manufacturing
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Industrial Manufacturing: Geographic Segmentation Analysis
 5.6 Mining
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Mining: Geographic Segmentation Analysis
 5.7 Marine
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Marine: Geographic Segmentation Analysis
 5.8 Automotive
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Automotive: Geographic Segmentation Analysis
 5.9 Others
  5.9.1 Introduction and Market Overview
  5.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.9.3 Key Market Trends, Growth Factors and Opportunities
  5.9.4 Others: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Gyroscope Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 ANALOG DEVICES INC
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 BOSCH SENSORTEC GMBH
 6.4 HONEYWELL INTERNATIONAL INC
 6.5 INNOVUSION INC
 6.6 INVENSENSE INC (TDK)
 6.7 KIONIX INC (ROHM SEMICONDUCTOR)
 6.8 LORD MICROSTRAIN
 6.9 MEMSIC INC
 6.10 MURATA MANUFACTURING CO LTD
 6.11 NORTHROP GRUMMAN CORPORATION
 6.12 NXP SEMICONDUCTORS NV
 6.13 SAFRAN ELECTRONICS & DEFENSE
 6.14 SENSONOR AS
 6.15 STMICROELECTRONICS
 6.16 TRIMBLE NAVIGATION LTD
 6.17 OTHER ACTIVE PLAYERS

Chapter 7: Global Gyroscope Market By Region
 7.1 Overview
 7.2. North America Gyroscope Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Type
   7.2.4.1 MEMS Gyroscope
   7.2.4.2 Fiber Optic Gyroscope
   7.2.4.3 Ring Laser Gyroscope
   7.2.4.4 Dynamically Tuned Gyroscope
   7.2.4.5 Hemispherical Resonating Gyroscope
   7.2.4.6 Others
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 Consumer Electronics
   7.2.5.2 Aerospace & Defense
   7.2.5.3 Industrial Manufacturing
   7.2.5.4 Mining
   7.2.5.5 Marine
   7.2.5.6 Automotive
   7.2.5.7 Others
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Gyroscope Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Type
   7.3.4.1 MEMS Gyroscope
   7.3.4.2 Fiber Optic Gyroscope
   7.3.4.3 Ring Laser Gyroscope
   7.3.4.4 Dynamically Tuned Gyroscope
   7.3.4.5 Hemispherical Resonating Gyroscope
   7.3.4.6 Others
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 Consumer Electronics
   7.3.5.2 Aerospace & Defense
   7.3.5.3 Industrial Manufacturing
   7.3.5.4 Mining
   7.3.5.5 Marine
   7.3.5.6 Automotive
   7.3.5.7 Others
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Gyroscope Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Type
   7.4.4.1 MEMS Gyroscope
   7.4.4.2 Fiber Optic Gyroscope
   7.4.4.3 Ring Laser Gyroscope
   7.4.4.4 Dynamically Tuned Gyroscope
   7.4.4.5 Hemispherical Resonating Gyroscope
   7.4.4.6 Others
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 Consumer Electronics
   7.4.5.2 Aerospace & Defense
   7.4.5.3 Industrial Manufacturing
   7.4.5.4 Mining
   7.4.5.5 Marine
   7.4.5.6 Automotive
   7.4.5.7 Others
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Gyroscope Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Type
   7.5.4.1 MEMS Gyroscope
   7.5.4.2 Fiber Optic Gyroscope
   7.5.4.3 Ring Laser Gyroscope
   7.5.4.4 Dynamically Tuned Gyroscope
   7.5.4.5 Hemispherical Resonating Gyroscope
   7.5.4.6 Others
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 Consumer Electronics
   7.5.5.2 Aerospace & Defense
   7.5.5.3 Industrial Manufacturing
   7.5.5.4 Mining
   7.5.5.5 Marine
   7.5.5.6 Automotive
   7.5.5.7 Others
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Gyroscope Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Type
   7.6.4.1 MEMS Gyroscope
   7.6.4.2 Fiber Optic Gyroscope
   7.6.4.3 Ring Laser Gyroscope
   7.6.4.4 Dynamically Tuned Gyroscope
   7.6.4.5 Hemispherical Resonating Gyroscope
   7.6.4.6 Others
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 Consumer Electronics
   7.6.5.2 Aerospace & Defense
   7.6.5.3 Industrial Manufacturing
   7.6.5.4 Mining
   7.6.5.5 Marine
   7.6.5.6 Automotive
   7.6.5.7 Others
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Gyroscope Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Type
   7.7.4.1 MEMS Gyroscope
   7.7.4.2 Fiber Optic Gyroscope
   7.7.4.3 Ring Laser Gyroscope
   7.7.4.4 Dynamically Tuned Gyroscope
   7.7.4.5 Hemispherical Resonating Gyroscope
   7.7.4.6 Others
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 Consumer Electronics
   7.7.5.2 Aerospace & Defense
   7.7.5.3 Industrial Manufacturing
   7.7.5.4 Mining
   7.7.5.5 Marine
   7.7.5.6 Automotive
   7.7.5.7 Others
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research