Global Gyroscope Market
The Gyroscope Market refers to the industry dedicated to the development, production, and distribution of gyroscopes, which are devices that measure or maintain orientation and angular velocity. Gyroscopes are essential in various applications across numerous sectors including aerospace, automotive, consumer electronics, industrial machinery, robotics, marine, and healthcare, where precise orientation and stabilization are critical.
Gyroscope market was valued at approximately USD 2.8 billion in 2022, and is projected to reach around USD 4.8 billion by 2030, (CAGR) of about 7.5% from 2022 to 2030.
The gyroscope market was valued at approximately USD 2.8 billion in 2022 and is projected to reach around USD 4.8 billion by 2030. This growth is driven by increasing demand for gyroscopes in applications such as automotive, aerospace, consumer electronics, and robotics, as well as advancements in MEMS (Micro-Electro-Mechanical Systems) technology. The market is expected to experience a compound annual growth rate (CAGR) of about 7.5% from 2022 to 2030.
| Report Attributes | Details |
| Study Period | 2023 to 2033 |
| Base Year | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | • Honeywell International Inc. • Northrop Grumman Corporation • Thales Group • Safran Electronics & Defense • Murata Manufacturing Co. Ltd. • STMicroelectronics N.V. • Analog Devices Inc. • Bosch Sensortec GmbH • InvenSense Inc. • KVH Industries Inc. • Colibrys • Kionix Inc. • Trimble Navigation Ltd. • Moog Inc. • TDK Corporation • NXP Semiconductors N.V. • Silicon Sensing Systems Ltd. • Sensonor AS • Memsic Inc. • Epson Toyocom Corporation • Others |
| SEGMENTS COVERED | By Type, By Application, and By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Key Components of the Gyroscope Market
Types of Gyroscopes:
Mechanical Gyroscopes: These gyroscopes use a spinning wheel or disc and operate based on the principles of angular momentum to detect changes in orientation.
Optical Gyroscopes: These include fiber optic gyroscopes and ring laser gyroscopes that use light interference to measure rotational movement.
MEMS Gyroscopes (Micro-Electro-Mechanical Systems): These are small, integrated gyroscopes used extensively in consumer electronics and automotive applications.
Vibrating Structure Gyroscopes (VSG): These use vibrating elements to sense angular motion.
Applications:
Aerospace and Defense: Navigation and stabilization systems for aircraft, missiles, drones, and spacecraft.
Automotive: Vehicle stability control, navigation systems, and advanced driver-assistance systems (ADAS).
Consumer Electronics: Motion sensing in smartphones, tablets, gaming consoles, and wearables.
Industrial Machinery: Precision control and stabilization in manufacturing equipment and automation systems.
Marine: Navigation and stabilization in ships and submarines.
Healthcare: Surgical instruments and diagnostic equipment for precise orientation and stabilization.
Market Drivers:
Technological Advancements in Consumer Electronics: Growing integration of gyroscopes in smartphones, tablets, and wearables for enhanced user experience.
Growth in the Automotive Sector: Increasing use of gyroscopes in autonomous vehicles and advanced driver-assistance systems (ADAS) for navigation and stability.
Aerospace and Defense Requirements: Demand for advanced navigation and guidance systems in military and commercial aircraft.
Industrial Automation: Expanding use of gyroscopes in robotics and automated industrial machinery for accurate motion control.
Emergence of Virtual and Augmented Reality (VR/AR): Need for high-precision motion tracking and orientation sensing in VR/AR applications.
Challenges:
High Cost of Advanced Gyroscopes: High-precision gyroscopes, such as ring laser gyroscopes and fiber optic gyroscopes, can be expensive.
Complexity and Miniaturization: Designing smaller and more integrated gyroscopes to fit into compact devices is challenging.
Accuracy and Drift: Ensuring long-term accuracy and minimizing drift in gyroscope measurements are critical for many applications.
Major Players:
Honeywell International Inc.
Robert Bosch GmbH
Analog Devices, Inc.
STMicroelectronics N.V.
Murata Manufacturing Co., Ltd.
InvenSense, Inc. (TDK Corporation)
Northrop Grumman Corporation
KVH Industries, Inc.
Safran Electronics & Defense
Kionix, Inc. (ROHM Co., Ltd.)
Regional Analysis
1. North America
Market Dominance: Driven by strong demand from aerospace, defense, and automotive industries.
Technological Innovations: Home to major technology innovators and manufacturers, contributing to advancements in gyroscope technology.
High R&D Investment: Significant investment in research and development across sectors like defense, aerospace, and consumer electronics.
2. Europe
Strong Aerospace and Automotive Sectors: Robust industries that drive demand for gyroscopes.
Advanced Manufacturing Focus: Countries like Germany emphasize advanced manufacturing and automation.
Defense Applications: High investment in defense technologies requiring precise navigation and stabilization.
3. Asia-Pacific
Rapid Industrialization: Rapid growth in industrial activities and urbanization, increasing demand for industrial machinery and automation.
Consumer Electronics Hub: Major production region for consumer electronics, driving significant demand for MEMS gyroscopes.
Automotive Market Growth: Expansion of the automotive industry, particularly in China and India, with a focus on ADAS and autonomous vehicles.
4. Rest of the World
Emerging Markets: Growth in Latin America, the Middle East, and Africa driven by infrastructure development and technological adoption.
Geopolitical Risks: Increased demand for security and defense applications in unstable regions.
Infrastructure Development: Investments in modernization projects across various sectors.
Market Trends
Miniaturization and Integration: Trend towards smaller, more integrated gyroscopes suitable for compact and portable devices.
Advancements in MEMS Technology: Improvements in MEMS gyroscopes for better performance, lower power consumption, and cost-effectiveness.
IoT and Smart Devices: Rising adoption of IoT devices and smart technologies in various sectors, requiring precise motion sensing.
Growth of Autonomous Vehicles: Increased focus on navigation and stability systems for autonomous driving.
AI and Machine Learning Integration: Enhanced data analysis and sensor fusion for improved accuracy and functionality in gyroscope applications.
Conclusion
The Gyroscope Market is crucial for various industries that require precise orientation, navigation, and stabilization. Growth is driven by technological advancements, increasing demand from consumer electronics, automotive innovations, and industrial automation. Understanding regional dynamics, regulatory environments, and industry-specific requirements is essential for stakeholders to capitalize on market opportunities. The future of the gyroscope market is shaped by continuous technological evolution, miniaturization, and integration with emerging technologies.
Gyroscope Market Segments
By Type
· Mechanical Gyroscopes
· Fiber Optic Gyroscopes (FOG)
· Ring Laser Gyroscopes (RLG)
· MEMS Gyroscopes
· Hemispherical Resonator Gyroscopes (HRG)
· Others
By Technology
· Mechanical Gyroscopes
· MEMS (Micro-Electro-Mechanical Systems) Gyroscopes
· Ring Laser Gyroscopes
· Fiber Optic Gyroscopes
· Hemispherical Resonator Gyroscopes
By End Use Industry
· Aerospace
· Defense
· Consumer Electronics
· Automotive
· Healthcare
· Industrial Manufacturing
· Robotics and Automation
Gyroscope Market Players
· Honeywell International Inc.
· Northrop Grumman Corporation
· Thales Group
· Safran Electronics & Defense
· Murata Manufacturing Co. Ltd.
· STMicroelectronics N.V.
· Analog Devices Inc.
· Bosch Sensortec GmbH
· InvenSense Inc.
· KVH Industries Inc.
· Colibrys
· Kionix Inc.
· Trimble Navigation Ltd.
· Moog Inc.
· TDK Corporation
· NXP Semiconductors N.V.
· Silicon Sensing Systems Ltd.
· Sensonor AS
· Memsic Inc.
· Epson Toyocom Corporation
· Others
Table of Contents
Chapter 1. Preface
1.1 Report Description and Scope
1.2 Research scope
1.3 Research methodology
1.3.1 Market Research Type
1.3.2 Market Research Methodology
Chapter 2. Executive Summary
2.1 Global Gyroscope Market, (2024 – 2033) (USD Billion)
2.2 Global Gyroscope Market: snapshot
Chapter 3. Global Gyroscope Market – Industry Analysis
3.1 Gyroscope Market: Market Dynamics
3.2 Market Drivers
3.2.1 Growing demand for accurate targeting and stabilization systems
3.2.2 VR and AR market expansion fuels demand for gyroscopes
3.3 Market Restraints
3.4 Market Opportunities
3.5 Market Challenges
3.6 Porter’s Five Forces Analysis
3.7 Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Technology
3.7.3 Market Attractiveness Analysis By End Use Industry
Chapter 4. Global Gyroscope Market- Competitive Landscape
4.1 Company market share analysis
4.1.1 Global Gyroscope Market: Company Market Share, 2023
4.2 Strategic development
4.2.1 Acquisitions & mergers
4.2.2 New Product launches
4.2.3 Agreements, partnerships, cullaborations, and joint ventures
4.2.4 Research and development and Regional expansion
4.3 Price trend analysis
Chapter 5. Global Gyroscope Market – Type Analysis
5.1 Global Gyroscope Market Overview: By Type
5.1.1 Global Gyroscope Market Share, By Type, 2023 and 2033
5.2 Mechanical Gyroscopes
5.2.1 Global Gyroscope Market by Mechanical Gyroscopes, 2024 – 2033 (USD Billion)
5.3 Fiber Optic Gyroscopes (FOG)
5.3.1 Global Gyroscope Market by Fiber Optic Gyroscopes (FOG), 2024 – 2033 (USD Billion)
5.4 Ring Laser Gyroscopes (RLG)
5.4.1 Global Gyroscope Market by Ring Laser Gyroscopes (RLG), 2024 – 2033 (USD Billion)
5.5 MEMS Gyroscopes
5.5.1 Global Gyroscope Market by MEMS Gyroscopes, 2024 – 2033 (USD Billion)
5.6 Hemispherical Resonator Gyroscopes (HRG)
5.6.1 Global Gyroscope Market by Hemispherical Resonator Gyroscopes (HRG), 2024 – 2033 (USD Billion)
5.7 Others
5.7.1 Global Gyroscope Market by Others, 2024 – 2033 (USD Billion)
Chapter 6. Global Gyroscope Market – Technology Analysis
6.1 Global Gyroscope Market Overview: By Technology
6.1.1 Global Gyroscope Market Share, By Technology, 2023 and 2033
6.2 Mechanical Gyroscopes
6.2.1 Global Gyroscope Market by Mechanical Gyroscopes, 2024 – 2033 (USD Billion)
6.3 MEMS (Micro-Electro-Mechanical Systems) Gyroscopes
6.3.1 Global Gyroscope Market by MEMS (Micro-Electro-Mechanical Systems) Gyroscopes, 2024 – 2033 (USD Billion)
6.4 Ring Laser Gyroscopes
6.4.1 Global Gyroscope Market by Ring Laser Gyroscopes, 2024 – 2033 (USD Billion)
6.5 Fiber Optic Gyroscopes
6.5.1 Global Gyroscope Market by Fiber Optic Gyroscopes, 2024 – 2033 (USD Billion)
6.6 Hemispherical Resonator Gyroscopes
6.6.1 Global Gyroscope Market by Hemispherical Resonator Gyroscopes, 2024 – 2033 (USD Billion)
Chapter 7. Global Gyroscope Market – End Use Industry Analysis
7.1 Global Gyroscope Market Overview: By End Use Industry
7.1.1 Global Gyroscope Market Share, By End Use Industry, 2023 and 2033
7.2 Aerospace
7.2.1 Global Gyroscope Market by Aerospace, 2024 – 2033 (USD Billion)
7.3 Defense
7.3.1 Global Gyroscope Market by Defense, 2024 – 2033 (USD Billion)
7.4 Consumer Electronics
7.4.1 Global Gyroscope Market by Consumer Electronics, 2024 – 2033 (USD Billion)
7.5 Automotive
7.5.1 Global Gyroscope Market by Automotive, 2024 – 2033 (USD Billion)
7.6 Healthcare
7.6.1 Global Gyroscope Market by Healthcare, 2024 – 2033 (USD Billion)
7.7 Industrial Manufacturing
7.7.1 Global Gyroscope Market by Industrial Manufacturing, 2024 – 2033 (USD Billion)
7.8 Robotics and Automation
7.8.1 Global Gyroscope Market by Robotics and Automation, 2024 – 2033 (USD Billion)
Chapter 8. Gyroscope Market – Regional Analysis
8.1 Global Gyroscope Market Regional Overview
8.2 Global Gyroscope Market Share, by Region, 2023 & 2033 (USD Billion)
8.3. North America
8.3.1 North America Gyroscope Market, 2024 – 2033 (USD Billion)
8.3.1.1 North America Gyroscope Market, by Country, 2024 – 2033 (USD Billion)
8.4 North America Gyroscope Market, by Type, 2024 – 2033
8.4.1 North America Gyroscope Market, by Type, 2024 – 2033 (USD Billion)
8.5 North America Gyroscope Market, by Technology, 2024 – 2033
8.5.1 North America Gyroscope Market, by Technology, 2024 – 2033 (USD Billion)
8.6 North America Gyroscope Market, by End Use Industry, 2024 – 2033
8.6.1 North America Gyroscope Market, by End Use Industry, 2024 – 2033 (USD Billion)
8.7. Europe
8.7.1 Europe Gyroscope Market, 2024 – 2033 (USD Billion)
8.7.1.1 Europe Gyroscope Market, by Country, 2024 – 2033 (USD Billion)
8.8 Europe Gyroscope Market, by Type, 2024 – 2033
8.8.1 Europe Gyroscope Market, by Type, 2024 – 2033 (USD Billion)
8.9 Europe Gyroscope Market, by Technology, 2024 – 2033
8.9.1 Europe Gyroscope Market, by Technology, 2024 – 2033 (USD Billion)
8.10 Europe Gyroscope Market, by End Use Industry, 2024 – 2033
8.10.1 Europe Gyroscope Market, by End Use Industry, 2024 – 2033 (USD Billion)
8.11. Asia Pacific
8.11.1 Asia Pacific Gyroscope Market, 2024 – 2033 (USD Billion)
8.11.1.1 Asia Pacific Gyroscope Market, by Country, 2024 – 2033 (USD Billion)
8.12 Asia Pacific Gyroscope Market, by Type, 2024 – 2033
8.12.1 Asia Pacific Gyroscope Market, by Type, 2024 – 2033 (USD Billion)
8.13 Asia Pacific Gyroscope Market, by Technology, 2024 – 2033
8.13.1 Asia Pacific Gyroscope Market, by Technology, 2024 – 2033 (USD Billion)
8.14 Asia Pacific Gyroscope Market, by End Use Industry, 2024 – 2033
8.14.1 Asia Pacific Gyroscope Market, by End Use Industry, 2024 – 2033 (USD Billion)
8.15. Latin America
8.15.1 Latin America Gyroscope Market, 2024 – 2033 (USD Billion)
8.15.1.1 Latin America Gyroscope Market, by Country, 2024 – 2033 (USD Billion)
8.16 Latin America Gyroscope Market, by Type, 2024 – 2033
8.16.1 Latin America Gyroscope Market, by Type, 2024 – 2033 (USD Billion)
8.17 Latin America Gyroscope Market, by Technology, 2024 – 2033
8.17.1 Latin America Gyroscope Market, by Technology, 2024 – 2033 (USD Billion)
8.18 Latin America Gyroscope Market, by End Use Industry, 2024 – 2033
8.18.1 Latin America Gyroscope Market, by End Use Industry, 2024 – 2033 (USD Billion)
8.19. The Middle-East and Africa
8.19.1 The Middle-East and Africa Gyroscope Market, 2024 – 2033 (USD Billion)
8.19.1.1 The Middle-East and Africa Gyroscope Market, by Country, 2024 – 2033 (USD Billion)
8.20 The Middle-East and Africa Gyroscope Market, by Type, 2024 – 2033
8.20.1 The Middle-East and Africa Gyroscope Market, by Type, 2024 – 2033 (USD Billion)
8.21 The Middle-East and Africa Gyroscope Market, by Technology, 2024 – 2033
8.21.1 The Middle-East and Africa Gyroscope Market, by Technology, 2024 – 2033 (USD Billion)
8.22 The Middle-East and Africa Gyroscope Market, by End Use Industry, 2024 – 2033
8.22.1 The Middle-East and Africa Gyroscope Market, by End Use Industry, 2024 – 2033 (USD Billion)
Chapter 9. Company Profiles
9.1 Honeywell International Inc.
9.1.1 Overview
9.1.2 Financials
9.1.3 Product Portfolio
9.1.4 Business Strategy
9.1.5 Recent Developments
9.2 Northrop Grumman Corporation
9.2.1 Overview
9.2.2 Financials
9.2.3 Product Portfolio
9.2.4 Business Strategy
9.2.5 Recent Developments
9.3 Thales Group
9.3.1 Overview
9.3.2 Financials
9.3.3 Product Portfolio
9.3.4 Business Strategy
9.3.5 Recent Developments
9.4 Safran Electronics & Defense
9.4.1 Overview
9.4.2 Financials
9.4.3 Product Portfolio
9.4.4 Business Strategy
9.4.5 Recent Developments
9.5 Murata Manufacturing Co. Ltd.
9.5.1 Overview
9.5.2 Financials
9.5.3 Product Portfolio
9.5.4 Business Strategy
9.5.5 Recent Developments
9.6 STMicroelectronics N.V.
9.6.1 Overview
9.6.2 Financials
9.6.3 Product Portfolio
9.6.4 Business Strategy
9.6.5 Recent Developments
9.7 Analog Devices Inc.
9.7.1 Overview
9.7.2 Financials
9.7.3 Product Portfolio
9.7.4 Business Strategy
9.7.5 Recent Developments
9.8 Bosch Sensortec GmbH
9.8.1 Overview
9.8.2 Financials
9.8.3 Product Portfolio
9.8.4 Business Strategy
9.8.5 Recent Developments
9.9 InvenSense Inc.
9.9.1 Overview
9.9.2 Financials
9.9.3 Product Portfolio
9.9.4 Business Strategy
9.9.5 Recent Developments
9.10 KVH Industries Inc.
9.10.1 Overview
9.10.2 Financials
9.10.3 Product Portfolio
9.10.4 Business Strategy
9.10.5 Recent Developments
9.11 Colibrys
9.11.1 Overview
9.11.2 Financials
9.11.3 Product Portfolio
9.11.4 Business Strategy
9.11.5 Recent Developments
9.12 Kionix Inc.
9.12.1 Overview
9.12.2 Financials
9.12.3 Product Portfolio
9.12.4 Business Strategy
9.12.5 Recent Developments
9.13 Trimble Navigation Ltd.
9.13.1 Overview
9.13.2 Financials
9.13.3 Product Portfolio
9.13.4 Business Strategy
9.13.5 Recent Developments
9.14 Moog Inc.
9.14.1 Overview
9.14.2 Financials
9.14.3 Product Portfolio
9.14.4 Business Strategy
9.14.5 Recent Developments
9.15 TDK Corporation
9.15.1 Overview
9.15.2 Financials
9.15.3 Product Portfolio
9.15.4 Business Strategy
9.15.5 Recent Developments
9.16 NXP Semiconductors N.V.
9.16.1 Overview
9.16.2 Financials
9.16.3 Product Portfolio
9.16.4 Business Strategy
9.16.5 Recent Developments
9.17 Silicon Sensing Systems Ltd.
9.17.1 Overview
9.17.2 Financials
9.17.3 Product Portfolio
9.17.4 Business Strategy
9.17.5 Recent Developments
9.18 Sensonor AS
9.18.1 Overview
9.18.2 Financials
9.18.3 Product Portfolio
9.18.4 Business Strategy
9.18.5 Recent Developments
9.19 Memsic Inc.
9.19.1 Overview
9.19.2 Financials
9.19.3 Product Portfolio
9.19.4 Business Strategy
9.19.5 Recent Developments
9.20 Epson Toyocom Corporation
9.20.1 Overview
9.20.2 Financials
9.20.3 Product Portfolio
9.20.4 Business Strategy
9.20.5 Recent Developments
9.21 Others.
9.21.1 Overview
9.21.2 Financials
9.21.3 Product Portfolio
9.21.4 Business Strategy
9.21.5 Recent Developments
Gyroscope Market Segments
By Type
· Mechanical Gyroscopes
· Fiber Optic Gyroscopes (FOG)
· Ring Laser Gyroscopes (RLG)
· MEMS Gyroscopes
· Hemispherical Resonator Gyroscopes (HRG)
· Others
By Technology
· Mechanical Gyroscopes
· MEMS (Micro-Electro-Mechanical Systems) Gyroscopes
· Ring Laser Gyroscopes
· Fiber Optic Gyroscopes
· Hemispherical Resonator Gyroscopes
By End Use Industry
· Aerospace
· Defense
· Consumer Electronics
· Automotive
· Healthcare
· Industrial Manufacturing
· Robotics and Automation
Gyroscope Market Players
· Honeywell International Inc.
· Northrop Grumman Corporation
· Thales Group
· Safran Electronics & Defense
· Murata Manufacturing Co. Ltd.
· STMicroelectronics N.V.
· Analog Devices Inc.
· Bosch Sensortec GmbH
· InvenSense Inc.
· KVH Industries Inc.
· Colibrys
· Kionix Inc.
· Trimble Navigation Ltd.
· Moog Inc.
· TDK Corporation
· NXP Semiconductors N.V.
· Silicon Sensing Systems Ltd.
· Sensonor AS
· Memsic Inc.
· Epson Toyocom Corporation
Others
