Gyroscopes Market

Gyroscopes Market by Technologies (MEMS Gyroscope, Fiber Optic Gyroscope (FOG), Ring Laser Gyroscope (RLG), Hemispherical Resonating Gyroscope (HRG), Dynamically Tuned Gyroscopes (DTG), and Others), End-users (Consumer Electronics, Automotive, Aerospace and Defense, Industrial, Marine, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2021 – 2028

  • Report ID: EP-3285
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 1
  • No. Of Pages: 145
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The global gyroscopes market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising number of smartphones and handheld devices.

Gyroscopes Market Key Takeaways

A gyroscope is a device or a detector that keeps up with the direction and angular speed of an object it is attached or integrated to. Gyroscopes provide accurate and automated gathered information with fewer errors in the recorded data. The accuracy and productivity of the gyroscopes have likewise improved as multi-hub gyroscopes are more accurate due to digital technology integration. Since the time of the inception, gyroscopes have advanced extensively. This has assisted them to be the most integral components in navigation systems.

The COVID-19 pandemic disrupted the supply of raw materials owing to closedown of manufacturing facilities across the globe. The impositions on manufacturing and retail channels negatively influenced the market growth. However, the relaxation in restriction and expanding penetration of gyroscopes is estimated to positively influence the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for wearables and handled devices and growing number of virtual reality and augmented reality applications are expected to boost the gyroscopes market.
  • Rising demand in consumer electronic devices, UAVs, automation, smart cities applications are fueling the market growth.
  • High cost of manufacturing gyroscope-enabled products can restrain the growth of the market.
  • Growing number of products lunches and new collaborations is estimated to foster the market growth.

Scope of the Report                               

The report on the gyroscopes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Gyroscopes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (MEMS Gyroscope, Fiber Optic Gyroscope(FOG), Ring Laser Gyroscope (RLG), Hemispherical Resonating Gyroscope (HRG), Dynamically Tuned Gyroscopes (DTG) and Others) and End-users (Consumer Electronics, Automotive, Aerospace and Defense, Industrial, Marine, and Others),

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Analog Devices Inc.; Murata Electronics Oy; Trimble Navigation Ltd; Honeywell International Inc.; and Robert Bosch GmbH.

Gyroscopes Market Segment Insights

MEMS gyroscope segment is expected to grow at a rapid pace

Based on technologies, the market is divided into MEMS gyroscope, fiber optic gyroscope (FOG), ring laser gyroscope (RLG), hemispherical resonating gyroscope (HRG), dynamically tuned gyroscopes (DTG) and others. The micro electromechanical system (MEMS) gyroscope segment is estimated to expand at a rapid pace due to increased demand for mobile devices. The flagship phones are highly adopting advanced sensors, which is spurring the segment growth. However, the HRG segment is expected to account a considerable market share in the projected timeline.

Aerospace and defense segment is projected to expand at a considerable CAGR

In terms of end-users, the gyroscopes market is divided into consumer electronics, automotive, aerospace and defense, industrial, marine and others. The aerospace and defense segment is anticipated to account for a key share of the market due to an increase in awareness about critical rotation sensing elements, which are used in navigation systems. On the other hand, the automotive segment is estimated to grow at a rapid pace during the forecast period.

Gyroscopes Market By End Users

North America is anticipated to constitute a large market share

In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to account for a large market share due the increasing number of new refineries. On the other hand, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to rapid development in crude oil production.

Segments

Segments Covered in the Report
The global gyroscopes market has been segmented on the basis of

Technologies
  • MEMS Gyroscope
  • Fiber Optic Gyroscope(FOG)
  • Ring Laser Gyroscope (RLG)
  • Hemispherical Resonating Gyroscope (HRG)
  • Dynamically Tuned Gyroscopes (DTG)
  • Others
End-users
  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Industrial
  • Marine
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Analog Devices Inc.
  • Murata Electronics Oy
  • Trimble Navigation Ltd
  • Honeywell International Inc.
  • Robert Bosch GmbH.

Competitive Landscape

Key players competing in the gyroscopes market are Analog Devices Inc.; Murata Electronics Oy; Trimble Navigation Ltd; Honeywell International Inc.; and Robert Bosch GmbH.

Gyroscopes Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gyroscopes Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Gyroscopes Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Gyroscopes Market - Supply Chain
  4.5. Global Gyroscopes Market Forecast
     4.5.1. Gyroscopes Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Gyroscopes Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Gyroscopes Market Absolute $ Opportunity
5. Global Gyroscopes Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Gyroscopes Market Size and Volume Forecast by End Users
     5.3.1. Consumer Electronics Automotive Aerospace and Defense Industrial Marine Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Gyroscopes Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Gyroscopes Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Gyroscopes Demand Share Forecast, 2019-2026
7. North America Gyroscopes Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Gyroscopes Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Gyroscopes Market Size and Volume Forecast by End Users
     7.4.1. Consumer Electronics Automotive Aerospace and Defense Industrial Marine Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Gyroscopes Demand Share Forecast, 2019-2026
8. Latin America Gyroscopes Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Gyroscopes Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Gyroscopes Market Size and Volume Forecast by End Users
     8.4.1. Consumer Electronics Automotive Aerospace and Defense Industrial Marine Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Gyroscopes Demand Share Forecast, 2019-2026
9. Europe Gyroscopes Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Gyroscopes Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Gyroscopes Market Size and Volume Forecast by End Users
     9.4.1. Consumer Electronics Automotive Aerospace and Defense Industrial Marine Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Gyroscopes Demand Share Forecast, 2019-2026
10. Asia Pacific Gyroscopes Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Gyroscopes Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Gyroscopes Market Size and Volume Forecast by End Users
     10.4.1. Consumer Electronics Automotive Aerospace and Defense Industrial Marine Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Gyroscopes Demand Share Forecast, 2019-2026
11. Middle East & Africa Gyroscopes Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Gyroscopes Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Gyroscopes Market Size and Volume Forecast by End Users
     11.4.1. Consumer Electronics Automotive Aerospace and Defense Industrial Marine Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Gyroscopes Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Gyroscopes Market: Market Share Analysis
  12.2. Gyroscopes Distributors and Customers
  12.3. Gyroscopes Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Analog Devices Inc. Murata Electronics Oy Trimble Navigation Ltd Honeywell International Inc. Robert Bosch GmbH.
Segments Covered in the Report
The global gyroscopes market has been segmented on the basis of

Technologies
  • MEMS Gyroscope
  • Fiber Optic Gyroscope(FOG)
  • Ring Laser Gyroscope (RLG)
  • Hemispherical Resonating Gyroscope (HRG)
  • Dynamically Tuned Gyroscopes (DTG)
  • Others
End-users
  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Industrial
  • Marine
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Analog Devices Inc.
  • Murata Electronics Oy
  • Trimble Navigation Ltd
  • Honeywell International Inc.
  • Robert Bosch GmbH.

Key players competing in the gyroscopes market are Analog Devices Inc.; Murata Electronics Oy; Trimble Navigation Ltd; Honeywell International Inc.; and Robert Bosch GmbH.

Gyroscopes Market By Key Players

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