Gyroscope Market Dynamics - 2021 to 2031
The Gyroscope Market is expected to register a CAGR of 5.2% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Technology Type (MEMS Gyroscope, Fiber Optic Gyroscope (FOG), Ring Laser Gyroscope (RLG), Hemispherical Resonator Gyroscope (HRG), Dynamically Tuned Gyroscope (DTG), Others); Application (Smartphones, Tablets, Cameras, Game Consoles, Laptops, Navigational Devices, Others); End-User (Consumer Electronics, Automotive, Aerospace and Defense, Industrial, Marine, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Gyroscope Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Gyroscope Market Segmentation
Technology Type- MEMS Gyroscope
- Fiber Optic Gyroscope
- Ring Laser Gyroscope
- Hemispherical Resonator Gyroscope
- Dynamically Tuned Gyroscope
- Smartphones
- Tablets
- Cameras
- Game Consoles
- Laptops
- Navigational Devices
- Consumer Electronics
- Automotive
- Aerospace and Defense
- Industrial
- Marine
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Gyroscope Market Growth Drivers- Rising Beauty and Personal Care Consciousness: Increasing global awareness about personal grooming, beauty standards, and self-care is driving epilator market growth. Consumers are seeking convenient, long-lasting hair removal solutions that offer professional-grade results at home, reflecting a growing trend of personal empowerment and aesthetic self-investment across diverse demographic segments.
- Technological Advancements in Hair Removal: Continuous innovation in epilator design and functionality is propelling market expansion. Manufacturers are developing advanced devices with enhanced features like wet and dry usage, multiple speed settings, ergonomic designs, pain reduction technologies, and specialized attachments that provide more comfortable, efficient, and personalized hair removal experiences.
- Advancements in Solid-State Gyroscopes: Traditional mechanical gyroscopes have been largely replaced by solid-state gyroscopes, particularly in applications that require smaller, more durable, and cost-effective solutions. Solid-state gyroscopes, such as MEMS-based gyroscopes, offer a number of advantages over their mechanical counterparts, including higher reliability, lower cost, reduced power consumption, and greater compactness. These advancements are making gyroscopes more accessible and practical for use in consumer devices, wearables, automotive applications, and robotics. The continuous improvements in the performance and scalability of solid-state gyroscopes are making them suitable for even more demanding applications, including those in aerospace, defense, and medical devices.
- Focus on Energy Efficiency: Another important trend is the increasing focus on energy efficiency in gyroscopes, particularly in applications where battery life is critical, such as wearable devices, drones, and mobile devices. Manufacturers are designing gyroscopes that consume less power while maintaining high levels of accuracy and performance. This trend is particularly significant in the context of IoT devices and portable systems, where long battery life is a key selling point. Advances in low-power MEMS gyroscopes and energy-efficient sensor fusion technologies are making it possible to incorporate gyroscopic sensors into a broader range of products without significantly draining power. As energy efficiency becomes an even greater priority across industries, the development of ultra-low-power gyroscopes will remain a key trend.
- Advancements in Miniaturization and MEMS Technology: The rise of Micro-Electro-Mechanical Systems (MEMS) technology is a significant driver of the gyroscope market. MEMS gyroscopes are smaller, lighter, and more cost-effective than traditional mechanical gyroscopes, making them ideal for portable and mass-market applications. MEMS gyroscopes are increasingly being used in smartphones, wearables, drones, and other consumer electronics, as well as in automotive safety systems, due to their compact size and low power consumption. The ongoing advancements in MEMS technology have made gyroscopes more accurate, reliable, and affordable, expanding their use in industries that previously could not afford or justify the use of gyroscopic sensors. This trend of miniaturization continues to drive market growth, particularly in consumer electronics and automotive sectors.
- Adoption in Consumer Electronics: One of the most significant growth opportunities for the gyroscope market lies in the expanding adoption of gyroscopic technology in consumer electronics. Gyroscopes are crucial components in a wide range of consumer devices, including smartphones, smartwatches, fitness trackers, virtual reality (VR) headsets, and gaming consoles. In smartphones, for instance, gyroscopes are used for screen orientation, motion sensing in augmented reality (AR) applications, and gaming. As the demand for AR and VR experiences grows, particularly in gaming, education, and professional applications, the need for more precise and responsive gyroscopes will increase. Furthermore, as wearables become more sophisticated, there is a growing need for MEMS gyroscopes that can track movement and orientation with high precision, presenting a significant opportunity for the gyroscope market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Gyroscope Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Gyroscope Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
Increased demand for navigation systems and advancements in MEMS technology are the major factors driving the gyroscope market.
Increased focus on high-performance and multi-axis gyroscopes is likely to remain a key trend in the market.
Global gyroscope market is expected to grow at a CAGR of 5.2% during the forecast period 2024 - 2031.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gyroscope Market - By Type
1.3.2 Gyroscope Market - By End User
1.3.3 Gyroscope Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GYROSCOPE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. GYROSCOPE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GYROSCOPE MARKET - GLOBAL MARKET ANALYSIS
6.1. GYROSCOPE - GLOBAL MARKET OVERVIEW
6.2. GYROSCOPE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GYROSCOPE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MEMS GYROSCOPE
7.3.1. Overview
7.3.2. MEMS Gyroscope Market Forecast and Analysis
7.4. RING LASER GYROSCOPE
7.4.1. Overview
7.4.2. Ring Laser Gyroscope Market Forecast and Analysis
7.5. FIBER OPTIC GYROSCOPE
7.5.1. Overview
7.5.2. Fiber Optic Gyroscope Market Forecast and Analysis
7.6. HEMISPHERICAL RESONATOR GYROSCOPE
7.6.1. Overview
7.6.2. Hemispherical Resonator Gyroscope Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. GYROSCOPE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. CONSUMER ELECTRONICS
8.3.1. Overview
8.3.2. Consumer Electronics Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. AEROSPACE AND DEFENSE
8.5.1. Overview
8.5.2. Aerospace and Defense Market Forecast and Analysis
8.6. INDUSTRIAL
8.6.1. Overview
8.6.2. Industrial Market Forecast and Analysis
8.7. MEDICAL
8.7.1. Overview
8.7.2. Medical Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. GYROSCOPE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Gyroscope Market Overview
9.1.2 North America Gyroscope Market Forecasts and Analysis
9.1.3 North America Gyroscope Market Forecasts and Analysis - By Type
9.1.4 North America Gyroscope Market Forecasts and Analysis - By End User
9.1.5 North America Gyroscope Market Forecasts and Analysis - By Countries
9.1.5.1 United States Gyroscope Market
9.1.5.1.1 United States Gyroscope Market by Type
9.1.5.1.2 United States Gyroscope Market by End User
9.1.5.2 Canada Gyroscope Market
9.1.5.2.1 Canada Gyroscope Market by Type
9.1.5.2.2 Canada Gyroscope Market by End User
9.1.5.3 Mexico Gyroscope Market
9.1.5.3.1 Mexico Gyroscope Market by Type
9.1.5.3.2 Mexico Gyroscope Market by End User
9.2. EUROPE
9.2.1 Europe Gyroscope Market Overview
9.2.2 Europe Gyroscope Market Forecasts and Analysis
9.2.3 Europe Gyroscope Market Forecasts and Analysis - By Type
9.2.4 Europe Gyroscope Market Forecasts and Analysis - By End User
9.2.5 Europe Gyroscope Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Gyroscope Market
9.2.5.1.1 Germany Gyroscope Market by Type
9.2.5.1.2 Germany Gyroscope Market by End User
9.2.5.2 France Gyroscope Market
9.2.5.2.1 France Gyroscope Market by Type
9.2.5.2.2 France Gyroscope Market by End User
9.2.5.3 Italy Gyroscope Market
9.2.5.3.1 Italy Gyroscope Market by Type
9.2.5.3.2 Italy Gyroscope Market by End User
9.2.5.4 United Kingdom Gyroscope Market
9.2.5.4.1 United Kingdom Gyroscope Market by Type
9.2.5.4.2 United Kingdom Gyroscope Market by End User
9.2.5.5 Russia Gyroscope Market
9.2.5.5.1 Russia Gyroscope Market by Type
9.2.5.5.2 Russia Gyroscope Market by End User
9.2.5.6 Rest of Europe Gyroscope Market
9.2.5.6.1 Rest of Europe Gyroscope Market by Type
9.2.5.6.2 Rest of Europe Gyroscope Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Gyroscope Market Overview
9.3.2 Asia-Pacific Gyroscope Market Forecasts and Analysis
9.3.3 Asia-Pacific Gyroscope Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Gyroscope Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Gyroscope Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Gyroscope Market
9.3.5.1.1 Australia Gyroscope Market by Type
9.3.5.1.2 Australia Gyroscope Market by End User
9.3.5.2 China Gyroscope Market
9.3.5.2.1 China Gyroscope Market by Type
9.3.5.2.2 China Gyroscope Market by End User
9.3.5.3 India Gyroscope Market
9.3.5.3.1 India Gyroscope Market by Type
9.3.5.3.2 India Gyroscope Market by End User
9.3.5.4 Japan Gyroscope Market
9.3.5.4.1 Japan Gyroscope Market by Type
9.3.5.4.2 Japan Gyroscope Market by End User
9.3.5.5 South Korea Gyroscope Market
9.3.5.5.1 South Korea Gyroscope Market by Type
9.3.5.5.2 South Korea Gyroscope Market by End User
9.3.5.6 Rest of Asia-Pacific Gyroscope Market
9.3.5.6.1 Rest of Asia-Pacific Gyroscope Market by Type
9.3.5.6.2 Rest of Asia-Pacific Gyroscope Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Gyroscope Market Overview
9.4.2 Middle East and Africa Gyroscope Market Forecasts and Analysis
9.4.3 Middle East and Africa Gyroscope Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Gyroscope Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Gyroscope Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Gyroscope Market
9.4.5.1.1 South Africa Gyroscope Market by Type
9.4.5.1.2 South Africa Gyroscope Market by End User
9.4.5.2 Saudi Arabia Gyroscope Market
9.4.5.2.1 Saudi Arabia Gyroscope Market by Type
9.4.5.2.2 Saudi Arabia Gyroscope Market by End User
9.4.5.3 U.A.E Gyroscope Market
9.4.5.3.1 U.A.E Gyroscope Market by Type
9.4.5.3.2 U.A.E Gyroscope Market by End User
9.4.5.4 Rest of Middle East and Africa Gyroscope Market
9.4.5.4.1 Rest of Middle East and Africa Gyroscope Market by Type
9.4.5.4.2 Rest of Middle East and Africa Gyroscope Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Gyroscope Market Overview
9.5.2 South and Central America Gyroscope Market Forecasts and Analysis
9.5.3 South and Central America Gyroscope Market Forecasts and Analysis - By Type
9.5.4 South and Central America Gyroscope Market Forecasts and Analysis - By End User
9.5.5 South and Central America Gyroscope Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Gyroscope Market
9.5.5.1.1 Brazil Gyroscope Market by Type
9.5.5.1.2 Brazil Gyroscope Market by End User
9.5.5.2 Argentina Gyroscope Market
9.5.5.2.1 Argentina Gyroscope Market by Type
9.5.5.2.2 Argentina Gyroscope Market by End User
9.5.5.3 Rest of South and Central America Gyroscope Market
9.5.5.3.1 Rest of South and Central America Gyroscope Market by Type
9.5.5.3.2 Rest of South and Central America Gyroscope Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GYROSCOPE MARKET, KEY COMPANY PROFILES
11.1. ANALOG DEVICES, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EMCORE CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FIZOPTIKA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HONEYWELL INTERNATIONAL INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INNALABS LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KVH INDUSTRIES, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NORTHROP GRUMMAN LITEF GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAFRAN S.A
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. STMICROELECTRONICS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TDK CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Analog Devices, Inc.
2. EMCORE Corporation
3. FIZOPTIKA
4. Honeywell International Inc.
5. InnaLabs Ltd
6. KVH Industries, Inc.
7. Northrop Grumman LITEF GmbH
8. Safran S.A
9. STMicroelectronics
10. TDK Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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