Global Gyroscope Market Report 2024

Gyroscope Global Market Report 2024 – By Type (Micro-Electro-Mechanical System (MEMS) Gyroscopes, Fiber Optic Gyroscope, Ring laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope), By Application (Electronics, Aerospace, Industrial Manufacturing, Automotive, Mining, Marine) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Gyroscope Market Definition And Segments

Gyroscopes are devices organized on a frame and capable of sensing an angular velocity if the frame is rotating. Gyroscope is used in compasses, automatic pilots on ships, aircraft, and ballistic missiles, in the steering mechanisms of torpedoes, and in the inertial guidance systems installed in space launch vehicles, orbiting satellites, and virtual reality experiences. Gyroscopes are devices used to track the twists, turns, and rolls of an object in motion.

The main types of gyroscopes are Micro-Electro-Mechanical System (MEMS) gyroscopes, fiber optic gyroscopes, ring laser gyroscopes, hemispherical resonating gyroscopes, and dynamically tuned gyroscopes. Gyroscopes are motion sensors that detect and quantify the angular motion of an object using a micro-electro-mechanical system (MEMS). They measure the rate at which an item rotates along with one of three axes: 1-axis, 2-axis, and 3-axis. The application of gyroscope is in electronics, aerospace, industrial manufacturing, automotive, mining, and marine.

The gyroscope market covered in this report is segmented –

1) By Type: Micro-Electro-Mechanical System (MEMS) Gyroscopes, Fiber Optic Gyroscope, Ring laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope

2) By Application: Electronics, Aerospace, Industrial Manufacturing, Automotive, Mining, Marine

The gyroscope market size has grown strongly in recent years. It will grow from $2.85 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to consumer electronics adoption, automotive applications, aerospace and defense sector demand, industrial automation, medical devices.

The gyroscope market size is expected to see strong growth in the next few years. It will grow to $3.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to focus on energy efficiency and sustainability, increasing utilization in oil and gas industry, research and scientific instrumentation, rapid growth in wearables market, expanding telecommunications networks. Major trends in the forecast period include increased utilization in earthquake detection systems, development of hybrid sensors, integration into smart wearables for health monitoring, enhanced gyroscopic stabilization in cameras, energy harvesting solutions, diversification in medical applications.

The Rising Adoption Of Drones And UAVs Fueling The Gyroscope Market

The rapidly growing adoption of drones and unmanned aerial vehicles (UAVs) in the defense and commercial sector has been expected to be a major driver in the market. An unmanned Aerial Vehicle (UAV) is an airborne system, or an aircraft operated remotely by a human operator or autonomously by an onboard computer for warfare and surveillance. Due to the increase in research and development, the rate of adoption of UAVs is rising. For instance, according to National Defense, a business technology magazine, worldwide research, development, and procurement spending on UAVs are projected to rise from $11.1 billion in 2020 to $14.3 billion by 2029.Moreover, R&D spending is forecasted to grow from $3.2 billion in 2020 to $4 billion in 2029, and procurement funding is projected to ramp up from $7.9 billion in 2020 to about $10.3 billion by the end of the decade. Such growing adoption of drones and UAVs are driving the gyroscope market growth.

Rise In Automotive Sector Drives Gyroscope Market

Growth in automotive sector is expected to propel the gyroscope market going forward. The automotive sector refers to the industry involved in the design, manufacturing, marketing, and sale of motor vehicles, including cars, trucks, and motorcycles. Gyroscopes, which are crucial for various automotive applications like stability control systems, autonomous driving technology, and advanced navigation systems, are poised to see increased demand as the automotive industry continues to innovate and integrate more advanced technologies into vehicles. For example, in July 2022, according to Pandaily, a Beijing-based tech media, the sales volume of commercial vehicles was 168,000, up 49.4% year-on-year. Also, in May 2021, demand for new commercial vehicles in Germany increased by 46.4% over the previous year. Therefore, the growth in automotive sector is driving the gyroscope market.

Major companies operating in the gyroscope market report are Analog Devices Inc., Colibrys Ltd., Fizoptika Corp., Honeywell International Inc., InnaLabs, InvenSense Inc., Kionix Inc., KVH Industries Inc., Murata Manufacturing Co. Ltd., Northrop Grumman Corporation, NXP Semiconductors N. V., Robert Bosch GmbH, Sensonor AS, STMicroelectronics Private Ltd., Systron Donner Inertial, TDK Corporation, Trimble Inc., Silicon Sensing Systems Limited, Emcore Corporation, Optolink LLC, Dynalabs Mühendislik LTD., Epson Europe Electronics GmbH, Safran Electronics & Defense, Thales Group, Raytheon Technologies Corporation, Rockwell Collins, UTC Aerospace Systems, Moog Inc., MEMSIC Inc., Gladiator Technologies, VectorNav Technologies

Technological Innovations Reshaping The Gyroscope Market

Technological innovation are shaping the gyroscope market. The performance of INS (Inertial navigation system), attention and heading reference systems (AHRS), or inertial measurement units (IMUs) for manned and unmanned aircraft, spacecraft, marine, and surface vehicles have influenced technological innovations in gyroscopes. For instance, in May 2022, Magnum Wings LLP, a Hyderabad-based electronic company, launched its first commercially available UAV- MW Viper in India. The ground survey, payload delivery, and surveillance missions are all made easier with the MW Viper's enhanced operating capabilities and mission flexibility. The vertical take-off and landing capability of the MW viper allow it to hover, take off, and land vertically with a payload ranging from 5 to 60 kg.

Innovative Advancements In Gyroscopes

Major companies in the gyroscope market are launching innovative products such as monolithic stand-alone gyroscope to sustain their position in the gyroscope market. A monolithic stand-alone gyroscope is a self-contained, single-chip device used to measure angular velocity or rotation without external components or dependencies. For instance, in November 2022, TDK Corporation, a Japan-based electronics corporation launched the IAM-20380HT. It is a monolithic stand-alone gyroscope for non-safety automotive applications up to 105°C which uses MEMS sensor fabrication technology that eliminates the wire bonding interconnections between the sensing element (MEMS) and the electronic front-end (CMOS) with unparalleled benefits in terms of performance and reliability. The IAM-20380HT is capable of functioning throughout a broad temperature range, providing dependable and very precise measurement information for an array of automotive non-safety uses, such as dead reckoning and navigation, vehicle tracking, telematics, door control, and vision systems, among others.

North America was the largest region in the gyroscope market in 2023.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gyroscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the gyroscope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The gyroscopes market consists of sales of mechanical gyroscope, optical gyroscope, and gas-bearing gyroscope. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The gyroscope market research report is one of a series of new reports from The Business Research Company that provides gyroscope market statistics, including gyroscope industry global market size, regional shares, competitors with a gyroscope market share, detailed gyroscope market segments, market trends and opportunities, and any further data you may need to thrive in the gyroscope industry. This gyroscope market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Gyroscope Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $3.02 billion
Revenue Forecast In 2033 $3.89 billion
Growth Rate CAGR of 6.5% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Micro-Electro-Mechanical System (MEMS) Gyroscopes, Fiber Optic Gyroscope, Ring laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope
2) By Application: Electronics, Aerospace, Industrial Manufacturing, Automotive, Mining, Marine
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Analog Devices Inc.; Colibrys Ltd.; Fizoptika Corp.; Honeywell International Inc.; InnaLabs; InvenSense Inc.; Kionix Inc.; KVH Industries Inc.; Murata Manufacturing Co. Ltd.; Northrop Grumman Corporation; NXP Semiconductors N. V.; Robert Bosch GmbH; Sensonor AS; STMicroelectronics Private Ltd.; Systron Donner Inertial; TDK Corporation; Trimble Inc.; Silicon Sensing Systems Limited; Emcore Corporation; Optolink LLC; Dynalabs Mühendislik LTD.; Epson Europe Electronics GmbH; Safran Electronics & Defense; Thales Group; Raytheon Technologies Corporation; Rockwell Collins; UTC Aerospace Systems; Moog Inc.; MEMSIC Inc.; Gladiator Technologies; VectorNav Technologies
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    Table Of Contents

    1. Executive Summary

    2. Gyroscope Market Characteristics

    3. Gyroscope Market Trends And Strategies

    4. Gyroscope Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Gyroscope Market Size and Growth

    5.1. Global Gyroscope Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Gyroscope Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Gyroscope Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Gyroscope Market Segmentation

    6.1. Global Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Micro-Electro-Mechanical System (MEMS) Gyroscopes

    Fibre Optic Gyroscope

    Ring laser Gyroscope

    Hemispherical Resonating Gyroscope

    Dynamically Tuned Gyroscope

    6.2. Global Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Electronics

    Aerospace

    Industrial Manufacturing

    Automotive

    Mining

    Marine

    7. Gyroscope Market Regional And Country Analysis

    7.1. Global Gyroscope Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Gyroscope Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Gyroscope Market

    8.1. Asia-Pacific Gyroscope Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Gyroscope Market

    9.1. China Gyroscope Market Overview

    9.2. China Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Gyroscope Market

    10.1. India Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Gyroscope Market

    11.1. Japan Gyroscope Market Overview

    11.2. Japan Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Gyroscope Market

    12.1. Australia Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Gyroscope Market

    13.1. Indonesia Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Gyroscope Market

    14.1. South Korea Gyroscope Market Overview

    14.2. South Korea Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Gyroscope Market

    15.1. Western Europe Gyroscope Market Overview

    15.2. Western Europe Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Gyroscope Market

    16.1. UK Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Gyroscope Market

    17.1. Germany Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Gyroscope Market

    18.4. France Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.5. France Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Gyroscope Market

    19.7. Italy Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.8. Italy Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Gyroscope Market

    20.10. Spain Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.11. Spain Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Gyroscope Market

    21.1. Eastern Europe Gyroscope Market Overview

    21.2. Eastern Europe Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Gyroscope Market

    22.1. Russia Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Gyroscope Market

    23.1. North America Gyroscope Market Overview

    23.2. North America Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Gyroscope Market

    24.1. USA Gyroscope Market Overview

    24.2. USA Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Gyroscope Market

    25.1. Canada Gyroscope Market Overview

    25.2. Canada Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Gyroscope Market

    26.1. South America Gyroscope Market Overview

    26.2. South America Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Gyroscope Market

    27.1. Brazil Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Gyroscope Market

    28.1. Middle East Gyroscope Market Overview

    28.2. Middle East Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Gyroscope Market

    29.1. Africa Gyroscope Market Overview

    29.2. Africa Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Gyroscope Market Competitive Landscape And Company Profiles

    30.1. Gyroscope Market Competitive Landscape

    30.2. Gyroscope Market Company Profiles

    30.2.1. Analog Devices Inc.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Colibrys Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Fizoptika Corp.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Honeywell International Inc.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. InnaLabs

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Gyroscope Market Competitive Benchmarking

    32. Global Gyroscope Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Gyroscope Market

    34. Gyroscope Market Future Outlook and Potential Analysis

    34.1 Gyroscope Market In 2028 - Countries Offering Most New Opportunities

    34.2 Gyroscope Market In 2028 - Segments Offering Most New Opportunities

    34.3 Gyroscope Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Gyroscope Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Gyroscope Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Analog Devices Inc. Financial Performance
  • Table 52: Colibrys Ltd. Financial Performance
  • Table 53: Fizoptika Corp. Financial Performance
  • Table 54: Honeywell International Inc. Financial Performance
  • Table 55: InnaLabs Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Gyroscope Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Gyroscope Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, Gyroscope Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, Gyroscope Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Analog Devices Inc. Financial Performance
  • Figure 52: Colibrys Ltd. Financial Performance
  • Figure 53: Fizoptika Corp. Financial Performance
  • Figure 54: Honeywell International Inc. Financial Performance
  • Figure 55: InnaLabs Financial Performance
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Frequently Asked Questions

What is the definition of the gyroscope market?

Gyroscopes are devices organized on a frame and capable of sensing an angular velocity if the frame is rotating. Gyroscope is used in compasses, automatic pilots on ships, aircraft, and ballistic missiles, in the steering mechanisms of torpedoes, and in the inertial guidance systems installed in space launch vehicles, orbiting satellites, and virtual reality experiences. Gyroscopes are devices used to track the twists, turns, and rolls of an object in motion. For further insights on the hadoop market, request a sample here

How will the gyroscope market drivers and restraints affect the gyroscope market dynamics? What forces will shape the gyroscope industry going forward?

The gyroscope market major growth driver - the rising adoption of drones and uavs fueling the gyroscope market. For further insights on the hadoop market, request a sample here

What is the forecast market size or the forecast market value of the gyroscope market ?

The gyroscope market size has grown strongly in recent years. It will grow from $2.85 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to consumer electronics adoption, automotive applications, aerospace and defense sector demand, industrial automation, medical devices.. The gyroscope market size is expected to see strong growth in the next few years. It will grow to $3.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to focus on energy efficiency and sustainability, increasing utilization in oil and gas industry, research and scientific instrumentation, rapid growth in wearables market, expanding telecommunications networks.. Major trends in the forecast period include increased utilization in earthquake detection systems, development of hybrid sensors, integration into smart wearables for health monitoring, enhanced gyroscopic stabilization in cameras, energy harvesting solutions, diversification in medical applications.. For further insights on the hadoop market, request a sample here

How is the gyroscope market segmented?

The gyroscope market is segmentedThe gyroscope market covered in this report is segmented –
1) By Type: Micro-Electro-Mechanical System (MEMS) Gyroscopes, Fibre Optic Gyroscope, Ring laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope
2) By Application: Electronics, Aerospace, Industrial Manufacturing, Automotive, Mining, MarineFor further insights on the hadoop market, request a sample here

Which region has the largest share of the gyroscope market? What are the other regions covered in the report?

North America was the largest region in the gyroscope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gyroscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the hadoop market, request a sample here.

Who are the major players in the gyroscope market?

Major companies operating in the gyroscope market report are Analog Devices Inc., Colibrys Ltd., Fizoptika Corp., Honeywell International Inc., InnaLabs, InvenSense Inc., Kionix Inc., KVH Industries Inc., Murata Manufacturing Co. Ltd., Northrop Grumman Corporation, NXP Semiconductors N. V., Robert Bosch GmbH, Sensonor AS, STMicroelectronics Private Ltd., Systron Donner Inertial, TDK Corporation, Trimble Inc., Silicon Sensing Systems Limited, Emcore Corporation, Optolink LLC, Dynalabs Mühendislik LTD., Epson Europe Electronics GmbH, Safran Electronics & Defense, Thales Group, Raytheon Technologies Corporation, Rockwell Collins, UTC Aerospace Systems, Moog Inc., MEMSIC Inc., Gladiator Technologies, VectorNav Technologies For further insights on the hadoop market, request a sample here.

What are the key trends in the gyroscope market?

Major trend in the gyroscope market - technological innovations reshaping the gyroscope market. For further insights on the hadoop market, request a sample here.

What are the major opportunities in the gyroscope market? What are the strategies for the gyroscope market?

For detailed insights on the major opportunities and strategies in the gyroscope market, request a sample here.

How does the gyroscope market relate to the overall economy and other similar markets?

For detailed insights on gyroscope market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the gyroscope industry?

For detailed insights on the mergers and acquisitions in the gyroscope industry, request a sample here.

What are the key dynamics influencing the gyroscope market growth? SWOT analysis of the gyroscope market.

For detailed insights on the key dynamics influencing the gyroscope market growth and SWOT analysis of the gyroscope industry, request a sample here.