Market Overview:
The global gyroscopes market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for consumer electronics and automotive applications, and rising investments in aerospace & defense and marine sectors. Fiber optic gyroscopes are expected to hold a major share of the global gyroscopes market during the forecast period, owing to their high accuracy and reliability. However, laser gyroscopes are projected to grow at a higher CAGR than fiber optic gyroscopes during the forecast period, as they offer several advantages such as low power consumption, compact size, and low weight over fiber optic gyroscopes.
Product Definition:
A gyroscope is a device used to maintain balance or orient a vehicle. It is composed of a spinning wheel or disk with its axle mounted in bearings so that it can turn freely. When the gyroscope's axis is not aligned with the direction of motion, it resists angular accelerations by generating an angular momentum about its axis proportional to the torque applied to it. This resistance causes the gyroscope to maintain its orientation even when moved laterally.
Fiber Optic Gyroscopes:
Fiber optic gyroscopes are a new technology that uses light to measure the orientation of a device. Fiber optic gyroscopes provide high accuracy, low power consumption and cost-effectiveness which is expected to drive its demand over the forecast period. In addition, fiber optic gyroscopes offer benefits such as compact size and weight which makes them more portable making it suitable for consumer electronics devices such as smartphones or tablets.
Laser Gyroscope:
The laser gyroscope is a device that uses a laser for measuring the orientation of an object. It's used in gyroscopes to measure the angle of rotation with respect to some fixed point, which is very useful in determining if an object is being carried or pushed around by Earth’s gravity. The main application areas where this technology finds use are robotics and automation, consumer electronics (such as smartphones), automotive industry, and space exploration among others.
Application Insights:
The consumer electronics segment accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The high performance of gyroscopes in smartphones, tablets and laptops has encouraged their application in consumer electronics. Fiber-optic gyroscopes are used as inertial sensors in smartwatches, fitness bands and gaming controllers. Laser-based gyros are used extensively across various industries including automotive, aerospace & defense and marine for applications such as attitude determination, navigation systems maintenance etc. Other types of gyros include quartz crystal microbalance (QCM) devices that use a piezoelectric effect to measure angular velocity which is further processed by an electronic circuit to yield a digital output signal proportional to the measured angle of rotation which can be read by an analog sensor integrated into a handheld device or instrument capable of measuring angles such as rotary dials or digital displays etc.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand from various end-use industries, such as aerospace & defense and consumer electronics. In addition, growing adoption of gyroscopes in smartphones and tablets is anticipated to drive regional market growth over the forecast period.
The Asia Pacific regional market captured a significant revenue share in 2017 due to high product demand from developing countries such as India and China. Moreover, favorable government initiatives promoting science & technology studies are also expected to fuel industry expansion across this region during the forecast period.
Growth Factors:
- Increasing demand for gyroscopes in smartphones and tablets
- Growing demand from the automotive industry for advanced safety features
- Rising adoption of gyroscopes in drones and other unmanned aerial vehicles (UAVs)
- Increasing use of gyroscopes in navigation systems
- Growing demand for miniaturized gyroscopes
Scope Of The Report
Report Attributes
Report Details
Report Title
Gyroscopes Market Research Report
By Type
Fiber Optic Gyroscopes, Laser Gyroscope, Other
By Application
Consumer Electronics, Automotive, Aerospace & Defense, Marine, Industrial
By Companies
Murata Electronics Oy, STMicroelectronics, Honeywell, Analog Devices, BOSCH, Memsic, Systron Donner Inertial, Trimble Navigation, Moog, LORD Sensing Systems, Murata Electronics Oy, Safran, NXP Semiconductors, InvenSense
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Gyroscopes Market Report Segments:
The global Gyroscopes market is segmented on the basis of:
Types
Fiber Optic Gyroscopes, Laser Gyroscope, Other
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
Consumer Electronics, Automotive, Aerospace & Defense, Marine, Industrial
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:
- Murata Electronics Oy
- STMicroelectronics
- Honeywell
- Analog Devices
- BOSCH
- Memsic
- Systron Donner Inertial
- Trimble Navigation
- Moog
- LORD Sensing Systems
- Murata Electronics Oy
- Safran
- NXP Semiconductors
- InvenSense
Highlights of The Gyroscopes 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:
- Fiber Optic Gyroscopes
- Laser Gyroscope
- Other
- By Application:
- Consumer Electronics
- Automotive
- Aerospace & Defense
- Marine
- Industrial
- 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 Gyroscopes 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Gyroscopes are devices that use the principles of gyromancy to measure angular velocity.
Some of the key players operating in the gyroscopes market are Murata Electronics Oy, STMicroelectronics, Honeywell, Analog Devices, BOSCH, Memsic, Systron Donner Inertial, Trimble Navigation, Moog, LORD Sensing Systems, Murata Electronics Oy, Safran, NXP Semiconductors, InvenSense.
The gyroscopes market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gyroscopes 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 Gyroscopes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gyroscopes 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 Gyroscopes 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 Gyroscopes Market Size & Forecast, 2020-2028
4.5.1 Gyroscopes Market Size and Y-o-Y Growth
4.5.2 Gyroscopes Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Fiber Optic Gyroscopes
5.2.2 Laser Gyroscope
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Aerospace & Defense
6.2.4 Marine
6.2.5 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gyroscopes 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 Gyroscopes 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Fiber Optic Gyroscopes
9.6.2 Laser Gyroscope
9.6.3 Other
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 Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Automotive
9.10.3 Aerospace & Defense
9.10.4 Marine
9.10.5 Industrial
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Fiber Optic Gyroscopes
10.6.2 Laser Gyroscope
10.6.3 Other
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 Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Automotive
10.10.3 Aerospace & Defense
10.10.4 Marine
10.10.5 Industrial
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Fiber Optic Gyroscopes
11.6.2 Laser Gyroscope
11.6.3 Other
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 Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Automotive
11.10.3 Aerospace & Defense
11.10.4 Marine
11.10.5 Industrial
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Fiber Optic Gyroscopes
12.6.2 Laser Gyroscope
12.6.3 Other
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 Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Automotive
12.10.3 Aerospace & Defense
12.10.4 Marine
12.10.5 Industrial
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Fiber Optic Gyroscopes
13.6.2 Laser Gyroscope
13.6.3 Other
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) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Automotive
13.10.3 Aerospace & Defense
13.10.4 Marine
13.10.5 Industrial
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 Gyroscopes Market: Competitive Dashboard
14.2 Global Gyroscopes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Murata Electronics Oy
14.3.2 STMicroelectronics
14.3.3 Honeywell
14.3.4 Analog Devices
14.3.5 BOSCH
14.3.6 Memsic
14.3.7 Systron Donner Inertial
14.3.8 Trimble Navigation
14.3.9 Moog
14.3.10 LORD Sensing Systems
14.3.11 Murata Electronics Oy
14.3.12 Safran
14.3.13 NXP Semiconductors
14.3.14 InvenSense
