Market Overview:
The global automobile gyroscope market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global automobile gyroscope market is segmented on the basis of type, application, and region. On the basis of type, it is divided into 2 axle, 3 axle, 6 axle, and others segments. The 3 axle segment is expected to hold a major share in terms of revenue in 2018 owing to its growing demand for commercial vehicles across different regions globally.
Product Definition:
An automobile gyroscope is a device used to stabilize the orientation of a vehicle. It consists of a spinning disk that is mounted in such a way that it can pivot freely. When the vehicle begins to rotate, the disk will rotate with it, causing an opposing force to be generated which stabilizes the orientation of the vehicle. The importance of an automobile gyroscope lies in its ability to keep vehicles stable and prevent them from rolling over or skidding on slick surfaces.
2 Axle:
2 Axle Gyroscope is a device used in automobiles to measure the orientation of the vehicle. It’s an essential component for cars that have been designed with driver assistance systems, which help in maintaining safety and comfort while driving. The gyroscopes are used to maintain stability of vehicles even after any sudden movement or shock is experienced by the vehicle.
The market for 2 axle gyroscope has witnessed significant growth over recent years owing to increasing demand from luxury cars.
3 Axle:
The 3 axle is a type of drive train configuration that has three road wheels with one central differential unit. It is mostly used for heavy trucks and busses. The most common types of 3 axle vehicles are dump truck, concrete mixer, cement mixer, tankers (water/liquids), tippers (food & beverages), garbage truck or sanitation workers vehicle among others.
Application Insights:
The commercial vehicle segment accounted for the largest revenue share of over 70% in 2017. The gyroscopes help improve the stability and handling of commercial vehicles, especially trucks and buses. Technological advancements have made it possible for drivers to adjust the vehicle¢â‚¬â„¢s direction by simply looking away from a road ahead. This capability is integrated into several modern vehicles through advanced driver-assistance systems (ADAS). ADAS includes functions such as lane departure warning system, forward collision warning system and park assistance among others. These features are enabled with the help of on-board sensors that collect data about surrounding environments through image recognition technology coupled with GPS navigation software running on a vehicle's dashboard computer brain.
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017, owing to the presence of prominent automobile manufacturers such as Continental AG and ZF Friedrichshafen AG. The region is expected to maintain its lead throughout the forecast period due to increasing demand for luxury and performance cars. Moreover, stringent safety norms implemented by regulatory bodies such as National Highway Traffic Safety Administration (NHTSA), Department of Transportation (DOT) in U.S.
Asia Pacific is projected to be one of the fastest-growing regions during 2018 - 2030 with a CAGR exceeding 6.0%.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries
- Growing popularity of luxury and sports cars
- Increasing demand for safety features in automobiles
- Technological advancements that improve the accuracy and stability of gyroscopes
- Government regulations mandating the installation of safety features in automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Gyroscope Market Research Report
By Type
2 Axle, 3 Axle, 6 Axle, Others
By Application
Commercial Vehicle, Passenger Vehicle
By Companies
Analog Devices, Continental AG, Denso, Honeywell, Invensense, KEYENCE, KYOWA, Murata Manufacturing, Murata Manufacturing, NXP Semiconductors, Panasonic, Senodia Technologies, STMicroelectronics, TDK
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Gyroscope Market Report Segments:
The global Automobile Gyroscope market is segmented on the basis of:
Types
2 Axle, 3 Axle, 6 Axle, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Analog Devices
- Continental AG
- Denso
- Honeywell
- Invensense
- KEYENCE
- KYOWA
- Murata Manufacturing
- Murata Manufacturing
- NXP Semiconductors
- Panasonic
- Senodia Technologies
- STMicroelectronics
- TDK
Highlights of The Automobile Gyroscope Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2 Axle
- 3 Axle
- 6 Axle
- Others
- By Application:
- Commercial Vehicle
- Passenger Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automobile Gyroscope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automobile gyroscope is a device that helps drivers maintain control of their vehicles. It senses movement and uses that information to help the driver keep their car on the road.
Some of the major players in the automobile gyroscope market are Analog Devices, Continental AG, Denso, Honeywell, Invensense, KEYENCE, KYOWA, Murata Manufacturing, Murata Manufacturing, NXP Semiconductors, Panasonic, Senodia Technologies, STMicroelectronics, TDK.
The automobile gyroscope market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automobile Gyroscope Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automobile Gyroscope Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automobile Gyroscope Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automobile Gyroscope Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automobile Gyroscope Market Size & Forecast, 2018-2028
4.5.1 Automobile Gyroscope Market Size and Y-o-Y Growth
4.5.2 Automobile Gyroscope Market Absolute $ Opportunity
Chapter 5 Global Automobile Gyroscope Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automobile Gyroscope Market Size Forecast by Type
5.2.1 2 Axle
5.2.2 3 Axle
5.2.3 6 Axle
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automobile Gyroscope Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automobile Gyroscope Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automobile Gyroscope Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automobile Gyroscope Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automobile Gyroscope Analysis and Forecast
9.1 Introduction
9.2 North America Automobile Gyroscope Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automobile Gyroscope Market Size Forecast by Type
9.6.1 2 Axle
9.6.2 3 Axle
9.6.3 6 Axle
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automobile Gyroscope Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automobile Gyroscope Analysis and Forecast
10.1 Introduction
10.2 Europe Automobile Gyroscope Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automobile Gyroscope Market Size Forecast by Type
10.6.1 2 Axle
10.6.2 3 Axle
10.6.3 6 Axle
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automobile Gyroscope Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automobile Gyroscope Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automobile Gyroscope Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automobile Gyroscope Market Size Forecast by Type
11.6.1 2 Axle
11.6.2 3 Axle
11.6.3 6 Axle
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automobile Gyroscope Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automobile Gyroscope Analysis and Forecast
12.1 Introduction
12.2 Latin America Automobile Gyroscope Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automobile Gyroscope Market Size Forecast by Type
12.6.1 2 Axle
12.6.2 3 Axle
12.6.3 6 Axle
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automobile Gyroscope Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automobile Gyroscope Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automobile Gyroscope Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automobile Gyroscope Market Size Forecast by Type
13.6.1 2 Axle
13.6.2 3 Axle
13.6.3 6 Axle
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automobile Gyroscope Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automobile Gyroscope Market: Competitive Dashboard
14.2 Global Automobile Gyroscope Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Analog Devices
14.3.2 Continental AG
14.3.3 Denso
14.3.4 Honeywell
14.3.5 Invensense
14.3.6 KEYENCE
14.3.7 KYOWA
14.3.8 Murata Manufacturing
14.3.9 Murata Manufacturing
14.3.10 NXP Semiconductors
14.3.11 Panasonic
14.3.12 Senodia Technologies
14.3.13 STMicroelectronics
14.3.14 TDK
