Market Overview:
The global vibrating structure gyroscope market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturized and low-power consuming devices, rising demand for automotive safety systems, and growing adoption of advanced navigation systems. Based on type, the global vibrating structure gyroscope market is segmented into single axis vibrating structure gyroscopes (SASGs), dual axis SASGs, and triple axis SASGs. The dual axis SASG segment is expected to account for the largest share of the global vibrating structure gyroscope market in 2018. This growth can be attributed to its high accuracy and stability as compared with other types of vibration sensors available in the market. Based on application, the global vibrating structure gyroscope market is segmented into automotive safety systems, aerospace applications, consumer electronics applications such as smartphones and tablets, navigation devices such as Global Positioning System (GPS) receivers and inertial measurement units (IMUs), industrial control & robotics applications, security & surveillance systems; medical equipment; smart meters; gaming consoles; drones; Unmanned Aerial Vehicles (UAVs); unmanned ground vehicles (UGVs); smart buildings & infrastructure management system among others).
Product Definition:
A vibrating structure gyroscope (VSG) is a gyroscope that uses the vibration of a small mass to measure the rate of rotation. VSGs are used in many applications where low power consumption and minimal heat generation are important, such as inertial navigation systems, attitude control systems, and unmanned aerial vehicles.
Single Axis Vibrating Structure Gyroscope:
Single-axis vibrating structure gyroscope is a device used to measure the rate of rotation about an axis. It consists of a suspended mass, which is free to move in any direction; this suspended mass causes vibrations that are detected by the sensor. The frequency and wavelength of these vibrations determine the rate of rotation.
Dual Axis Vibrating Structure Gyroscope:
Dual-axis vibrating structure gyroscope is a device used to measure the angle of rotation about two axes at the same time. It can be used in applications where it is required to measure both angles of rotation and displacement. The gyroscopes are most commonly utilized in automotive applications, but they are also being increasingly adopted for consumer electronic products such as smartphones and tablets due to their ability to provide enhanced motion sensing capabilities.
Application Insights:
Automotive was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The global demand for automotive has increased significantly owing to rising disposable income levels, especially in emerging markets such as China and India. Furthermore, increasing production of passenger cars and LCVs by major players including Ford Motor Company, General Motors Company, Volkswagen AG; Hyundai Motor Co., Ltd.; Toyota Motors Corporation; Nissan Motor Co., Ltd.; HondaMotorCo., Ltd.; Mitsubishi Electric Corporation; Land Rover Group PLC; Mercedes-Benz USA LLC among others is expected to boost product demand over the forecast period.
Aerospace is another key application segment where these devices are used for stabilization purposes on account of their small size and weight characteristics which makes them suitable for use on aircrafts.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth can be attributed to the increasing use of gyroscopes for automobile applications, aerospace navigation systems, and consumer electronics. The U.S., being a major hub for automotive manufacturing companies such as Ford Motors and General Motors is expected to remain a key market for gyroscopes over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to an increase in demand from emerging economies such as China and India coupled with rising investments by foreign players operating within these markets. Furthermore, favorable government initiatives are also expected to boost product demand across this region during the same period.
Growth Factors:
- Increasing demand for miniaturized and lightweight gyroscopes in consumer electronics
- Growing adoption of vibrating structure gyroscopes in automotive applications
- Rising demand for Vibrating Structure Gyroscope in navigation and guidance systems
- Proliferation of unmanned aerial vehicles (UAVs) and drones requiring advanced stabilization systems
- Increasing investments in research and development to develop new applications for vibrating structure gyroscopes
Scope Of The Report
Report Attributes
Report Details
Report Title
Vibrating Structure Gyroscope Market Research Report
By Type
Single Axis Vibrating Structure Gyroscope, Dual Axis Vibrating Structure Gyroscope, Triple Axis Vibrating Structure Gyroscope
By Application
Automobile, Aerospace, Consumer Electronics, Navigation, Others
By Companies
Seiko Epson, Watson, Silicon Sensing, Panasonic, Bosch, InvenSense, STMicroelectronics, InnaLabs, Althen, Advanced Sensors & Calibration
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Vibrating Structure Gyroscope Market Report Segments:
The global Vibrating Structure Gyroscope market is segmented on the basis of:
Types
Single Axis Vibrating Structure Gyroscope, Dual Axis Vibrating Structure Gyroscope, Triple Axis Vibrating Structure Gyroscope
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
Automobile, Aerospace, Consumer Electronics, Navigation, Others
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:
- Seiko Epson
- Watson
- Silicon Sensing
- Panasonic
- Bosch
- InvenSense
- STMicroelectronics
- InnaLabs
- Althen
- Advanced Sensors & Calibration
Highlights of The Vibrating Structure 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:
- Single Axis Vibrating Structure Gyroscope
- Dual Axis Vibrating Structure Gyroscope
- Triple Axis Vibrating Structure Gyroscope
- By Application:
- Automobile
- Aerospace
- Consumer Electronics
- Navigation
- Others
- 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 Vibrating Structure 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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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?
A vibrating structure gyroscope (VSG) is a type of gyroscope that uses the vibration of its structure to generate angular motion. VSGs are often used in aircraft and spacecraft navigation systems because they provide more accurate readings than traditional gyroscopes.
Some of the key players operating in the vibrating structure gyroscope market are Seiko Epson, Watson, Silicon Sensing, Panasonic, Bosch, InvenSense, STMicroelectronics, InnaLabs, Althen, Advanced Sensors & Calibration.
The vibrating structure gyroscope 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 Vibrating Structure 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 Vibrating Structure Gyroscope Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vibrating Structure 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 Vibrating Structure 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 Vibrating Structure Gyroscope Market Size & Forecast, 2018-2028
4.5.1 Vibrating Structure Gyroscope Market Size and Y-o-Y Growth
4.5.2 Vibrating Structure Gyroscope Market Absolute $ Opportunity
Chapter 5 Global Vibrating Structure 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 Vibrating Structure Gyroscope Market Size Forecast by Type
5.2.1 Single Axis Vibrating Structure Gyroscope
5.2.2 Dual Axis Vibrating Structure Gyroscope
5.2.3 Triple Axis Vibrating Structure Gyroscope
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vibrating Structure 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 Vibrating Structure Gyroscope Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Aerospace
6.2.3 Consumer Electronics
6.2.4 Navigation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vibrating Structure 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 Vibrating Structure 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 Vibrating Structure Gyroscope Analysis and Forecast
9.1 Introduction
9.2 North America Vibrating Structure 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 Vibrating Structure Gyroscope Market Size Forecast by Type
9.6.1 Single Axis Vibrating Structure Gyroscope
9.6.2 Dual Axis Vibrating Structure Gyroscope
9.6.3 Triple Axis Vibrating Structure Gyroscope
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 Vibrating Structure Gyroscope Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Aerospace
9.10.3 Consumer Electronics
9.10.4 Navigation
9.10.5 Others
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 Vibrating Structure Gyroscope Analysis and Forecast
10.1 Introduction
10.2 Europe Vibrating Structure 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 Vibrating Structure Gyroscope Market Size Forecast by Type
10.6.1 Single Axis Vibrating Structure Gyroscope
10.6.2 Dual Axis Vibrating Structure Gyroscope
10.6.3 Triple Axis Vibrating Structure Gyroscope
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 Vibrating Structure Gyroscope Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Aerospace
10.10.3 Consumer Electronics
10.10.4 Navigation
10.10.5 Others
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 Vibrating Structure Gyroscope Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vibrating Structure 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 Vibrating Structure Gyroscope Market Size Forecast by Type
11.6.1 Single Axis Vibrating Structure Gyroscope
11.6.2 Dual Axis Vibrating Structure Gyroscope
11.6.3 Triple Axis Vibrating Structure Gyroscope
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 Vibrating Structure Gyroscope Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Aerospace
11.10.3 Consumer Electronics
11.10.4 Navigation
11.10.5 Others
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 Vibrating Structure Gyroscope Analysis and Forecast
12.1 Introduction
12.2 Latin America Vibrating Structure 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 Vibrating Structure Gyroscope Market Size Forecast by Type
12.6.1 Single Axis Vibrating Structure Gyroscope
12.6.2 Dual Axis Vibrating Structure Gyroscope
12.6.3 Triple Axis Vibrating Structure Gyroscope
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 Vibrating Structure Gyroscope Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Aerospace
12.10.3 Consumer Electronics
12.10.4 Navigation
12.10.5 Others
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) Vibrating Structure Gyroscope Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vibrating Structure 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) Vibrating Structure Gyroscope Market Size Forecast by Type
13.6.1 Single Axis Vibrating Structure Gyroscope
13.6.2 Dual Axis Vibrating Structure Gyroscope
13.6.3 Triple Axis Vibrating Structure Gyroscope
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) Vibrating Structure Gyroscope Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Aerospace
13.10.3 Consumer Electronics
13.10.4 Navigation
13.10.5 Others
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 Vibrating Structure Gyroscope Market: Competitive Dashboard
14.2 Global Vibrating Structure Gyroscope Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Seiko Epson
14.3.2 Watson
14.3.3 Silicon Sensing
14.3.4 Panasonic
14.3.5 Bosch
14.3.6 InvenSense
14.3.7 STMicroelectronics
14.3.8 InnaLabs
14.3.9 Althen
14.3.10 Advanced Sensors & Calibration
