Global Gyroscope Market Research Report: Forecast (2023-2028)

By Product Type (MEMS Gyroscope, Fibre Optic Gyroscope, Ring Laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope, Others), By End Users (Consumer Electronics, Aerospace &... ... ronics, Aerospace & Defense, Industrial Manufacturing, Automotive, Marine, Mining), By Region (North America, South America, Europe, The Middle East & Africa, Asia Pacific), By Company (Honeywell International, Inc., Robert Bosch GmbH, Analog Devices, Inc., Trimble, Inc., Murata Manufacturing Co., Ltd., Silicon Sensing Systems Limited, STMicroelectronics, TDK Corporation, NXP Semiconductors., Epson America, Inc., InnaLabs, MEMSIC Semiconductor Co., Ltd., EMCORE Corporation., VectorNav, Others [Safran Sensing Technologies Switzerland SA, etc.]) Read more

  • ICT & Electronics
  • Mar 2023
  • 189
  • PDF, Excel, PPT

Market Definition

Gyroscopes are devices organized on a frame & capable of sensing an angular velocity if the frame is rotating. They are used in compasses, automatic pilots on ships, aircraft, and ballistic missiles, in the steering mechanisms of torpedoes, and the inertial guidance systems installed in space launch vehicles, orbiting satellites, and virtual reality experiences. Gyroscopes are devices utilized to track the twists, turns, and rolls of an object in motion. Some main types of gyroscopes are Micro-Electro-Mechanical System (MEMS) gyroscopes, fiber optic gyroscopes, ring laser gyroscopes, hemispherical resonating gyroscopes, and dynamically tuned gyroscopes. They are motion sensors that detect & quantify the angular motion of an object using a micro-electro-mechanical system (MEMS).

Market Insights & Analysis: Global Gyroscope Market (2023-28)

The Global Gyroscope Market is projected to grow at a CAGR of around 5.43% during the forecast period, i.e., 2023-28, due to its consistent installations in various end-user industries such as aerospace, defense, marine, consumer electronics, automotive, etc. The large-scale investments in the aerospace & defense industry, such as the manufacturing & development of military & commercial aircraft in North America, Europe, Asia-Pacific, and others, have been necessitating the demand for various types of gyroscopes. Additionally, the increasing demand for efficient & highly advanced inertial navigation systems in all types of aircraft has been facilitating the implementation of these devices as they improve the performance & accuracy of onboard navigation systems.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 5.43%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: The UAE, Egypt, Turkey, Israel , Rest of The Middle East & Africa
Key Companies Profiled Honeywell International, Inc., Robert Bosch GmbH, Analog Devices, Inc., Trimble, Inc., Murata Manufacturing Co., Ltd., Silicon Sensing Systems Limited, STMicroelectronics, TDK Corporation, NXP Semiconductors., Epson America, Inc., InnaLabs, MEMSIC Semiconductor Co., Ltd., EMCORE Corporation., VectorNav, Others [Safran Sensing Technologies Switzerland SA, etc.]
Unit Denominations USD Million/Billion

 

Moreover, the growing production of automobiles globally has been resulting in a significant demand for gyroscopes used in automotive applications such as car navigation systems, electronic stability control systems of vehicles, etc. In recent years, several electric vehicle manufacturing & assembling units have been expanded in the regions like the Middle East & Africa, Asia-Pacific, and several others, owing to the government's support to boost the electric vehicle production & assembling facilities in their country. For instance:

  • In 2022, M Glory announced the opening of an electric vehicle manufacturing facility in Dubai, UAE, with the capacity to produce 10,000 cars a year, along with an investment of USD408 million.

In parallel, the soaring manufacturing & sales of electric passenger cars as well as commercial vehicles in Europe, North America, Asia-Pacific, etc., in the wake of reducing carbon emissions from the automotive industry is also positively contributing to the growth of the global market & is further estimated to continue in the forecast years as well.

Global Gyroscope Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Russia-Ukraine Conflict Impact on Global Gyroscope Market
  5. Global Gyroscope Market Trends & Insights
  6. Global Gyroscope Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Gyroscope Market Porters Five Forces Analysis
  8. Global Gyroscope Market Regulations & Policies
  9. Global Gyroscope Market Hotspots & Opportunities
  10. Global Gyroscope Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
        1. MEMS Gyroscope
        2. Fibre Optic Gyroscope
        3. Ring Laser Gyroscope
        4. Hemispherical Resonating Gyroscope
        5. Dynamically Tuned Gyroscope
        6. Others
      2. By End Users  
        1. Consumer Electronics
        2. Aerospace & Defense
        3. Industrial Manufacturing
        4. Automotive
        5. Marine
        6. Mining
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia Pacific
      4. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
  11. North America Gyroscope Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
      2. By End Users  
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    4. Canada Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    5. Mexico Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
  12. South America Gyroscope Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
      2. By End Users 
      3. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    4. Argentina Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
  13. Europe Gyroscope Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
      2. By End Users 
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    3. Germany Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    4. The UK Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    5. France Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    6. Spain Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    7. Italy Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
  14. The Middle East & Africa Gyroscope Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
      2. By End Users 
      3. By Country
        1. The UAE
        2. Egypt
        3. Turkey
        4. Israel 
        5. Rest of The Middle East & Africa
    3. The UAE Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    4. Egypt Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    5. Turkey Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    6. Israel Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
  15. Asia Pacific Gyroscope Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
      2. By End Users 
      3. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific       
    3. China Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    4. Japan Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    5. India Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users 
        2. By Distribution Channel      
    6. South Korea Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
    7. Australia Gyroscope Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type
  16. Global Gyroscope Market Key Strategic Imperatives for Growth & Success
  17. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Honeywell International, Inc.
      2. Robert Bosch GmbH
      3. Analog Devices, Inc.
      4. Trimble, Inc.
      5. Murata Manufacturing Co., Ltd.
      6. Silicon Sensing Systems Limited
      7. STMicroelectronics
      8. TDK Corporation
      9. NXP Semiconductors.
      10. Epson America, Inc.
      11. InnaLabs
      12. MEMSIC Semiconductor Co., Ltd.
      13. EMCORE Corporation.
      14. VectorNav
      15. Others (Safran Sensing Technologies Switzerland SA, etc.)
  18. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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