Gyroscope Market Research Report - Global Forecast till 2027

Global Gyroscope Market Research Report: by Type (MEMS Gyroscopes, Fiber Optic Gyroscope, Ring Laser Gyroscope, Dynamically Tuned Gyroscope, Hemispherical Resonating Gyroscope, Others), By Application (Consumer Electronics, Aerospace & Defense, Industrial Manufacturing, Mining, Marine, Automotive, Others) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/SEM/7064-HCR | February, 2021 | Region : Global

Market Synopsis


Gyroscope Market was valued at USD 2.95 Billion in 2018; it is expected to reach USD 4.28 Billion by the end of the forecast period at a CAGR of 5.6%.


Gyroscope is an instrument or a sensor that maintains the orientation and angular velocity of an object it is placed in. Gyroscopes are gaining popularity due to the increasing demand for them in consumer electronic devices, UAVs, automation, smart cities applications, and in the commercial infrastructure market. Gyroscopes provide more accurate and automated collected data with fewer errors in the recorded information. Various end-users such as consumer electronics, aerospace & defense, industrial manufacturing, mining, marine, automotive, and others are rapidly deploying gyroscopes in their automation process to increase their production frequency without compromising on the quality. The automation process requires the use of several sensors to measure data pointers on every operational process. MEMS gyroscope proves to be one of the highly adopted sensors. These sensors help to achieve a higher level of motion sensing precision and accuracy. Gyroscope market is highly affected by trends such as increased global vehicle production, the emergence of unmanned ariel vehicles, growing demand for wearables and handheld devices, and increasing virtual reality and augmented reality applications.


The major factors that determine the growth of the gyroscope market include its increasing application in smartphones and handheld devices, and the growing adoption of UAVs for surveillance, mining, and military applications. However, the increased cost of manufacturing gyroscope-enabled products can hamper the market growth. Gyroscopes have critical applications in navigation system un-manned ariel aircraft, spacecraft, surface vehicles, and marine applications. Gyroscopes are also being integrated into smartphones, digital cameras, and camera accessories. The sensor helps in maintaining optical stabilization while capturing images and videos. It is also used in tripods and gimbals for DSLRs and action cameras.


Segmentation


The Global Gyroscope Market has been segmented based on type, application, and region.


By type, the gyroscope market has been segmented into MEMS gyroscopes, fiber optic gyroscope, ring laser gyroscope, dynamically tuned gyroscope, hemispherical resonating gyroscope, and others.


By application, the gyroscope market has been segmented into consumer electronics, aerospace & defense, industrial manufacturing, mining, marine, automotive, and others.


By region, the gyroscope market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Regional Analysis


Globally, the gyroscope market has been categorized into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Among the countries mentioned above, Asia-Pacific is the leading region in terms of adoption and manufacturing. The demand for gyroscopes in China, India, South Korea, and Japan is increasing due to their use in military, aviation, and consumer electronics applications. North America closely follows Asia-Pacific in terms of market share. Some of the major manufacturers are in the US who provide the companies with additional leverage to meet customer demands and hence assist in the growth of the market. Moreover, the North American region is experiencing rapid developments in the defense and aviation sector. Gyroscopes have now become an essential component of the systems to maintain stability and achieve accurate results, which is a major requirement for self-driving cars and autonomous vehicles. On the other hand, Europe is expected to show the fastest growth rate during the forecast period due to increased development in avionics and automotive industry.


Global Gyroscope Market, USD Billion
 Gyroscope Market


 Source: MRFR Analysis


Competitive landscape


The global gyroscope market is characterized by the presence of several global vendors. The competition among the existing players for shares in the market is moderately intense. The cost, quality, accuracy, and reliability of products are some of the factors that help vendors to sustain in an intensely competitive market. Furthermore, technological advancements for the adoption of gyroscope across different markets are expected to fuel the growth of the gyroscope market during the forecast period.


Key Players


The key players in the gyroscope market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Honeywell International Inc, Robert Bosch GmbH, Analog Devices Inc., Trimble Inc., Murata Manufacturing Co Ltd, Silicon Sensing Systems Limited, STMicroelectronics, TDK Corporation, NXP Semiconductor, Epson America Inc, and InnaLabs. These players significantly contribute to market growth. Apart from the top key players, the other players contribute nearly 25–30% in the gyroscope market.


Intended Audience



  • System Integrators

  • ODMs

  • Electronic Component Manufacturers

  • Resellers and Distributors

  • Consultancy and advisory firms

  • Consulting Firms

  • Research Institutes and Organizations

  • Technology Standards Organizations

Table of Contents


1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Gyroscope Market, by Type

1.1.2. Global Gyroscope Market, by Application

1.1.3. Global Gyroscope Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Macro Factor Indicator Analysis

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.2.1. Increasing applications in smartphones and handheld devices

4.2.2. Growing adoption of UAVs for surveillance, mining and military applications

4.3. Restraints

4.3.1. Increased cost of manufacturing gyroscope-enabled products

5. MARKET FACTOR ANALYSIS

5.1. Value Chain Analysis/Supply Chain Analysis

5.2. Porter’s Five Forces Model

5.2.1. Bargaining Power of Suppliers

5.2.2. Bargaining Power of Buyers

5.2.3. Threat of New Entrants

5.2.4. Threat of Substitutes

5.2.5. Intensity of Rivalry

6. GLOBAL GYROSCOPE MARKET, BY TYPE

6.1. Overview

6.2. MEMS Gyroscope

6.2.1. Market Estimates & Forecast, 2020-2027

6.3. Fiber Optic Gyroscope

6.3.1. Market Estimates & Forecast, 2020-2027

6.4. Ring Laser Gyroscope

6.4.1. Market Estimates & Forecast, 2020-2027

6.5. Dynamically Tuned Gyroscope

6.5.1. Market Estimates & Forecast, 2020-2027

6.6. Hemispherical Resonating Gyroscope

6.6.1. Market Estimates & Forecast, 2020-2027

6.7. Others

6.7.1. Market Estimates & Forecast, 2020-2027

7. GLOBAL GYROSCOPE MARKET, BY APPLICATION

7.1. Overview

7.2. Consumer Eletronics

7.2.1. Market Estimates & Forecast, 2020-2027

7.3. Aerospace & Defense

7.3.1. Market Estimates & Forecast, 2020-2027

7.4. Industrial Manufacturing

7.4.1. Market Estimates & Forecast, 2020-2027

7.5. Mining

7.5.1. Market Estimates & Forecast, 2020-2027

7.6. Marine

7.6.1. Market Estimates & Forecast, 2020-2027

7.7. Automotive

7.7.1. Market Estimates & Forecast, 2020-2027

7.8. Others

7.8.1. Market Estimates & Forecast, 2020-2027

8. GLOBAL GYROSCOPE MARKET, BY REGION

8.1. Overview

8.2. North America

8.2.1. Market Estimates & Forecast, by Country, 2020-2027

8.2.2. Market Estimates & Forecast, by Type, 2020-2027

8.2.3. Market Estimates & Forecast, by Application, 2020-2027

8.2.4. US

8.2.4.1. Market Estimates & Forecast, by Type, 2020-2027

8.2.4.2. Market Estimates & Forecast, by Application, 2020-2027

8.2.5. Canada

8.2.5.1. Market Estimates & Forecast, by Type, 2020-2027

8.2.5.2. Market Estimates & Forecast, by Application, 2020-2027

8.2.6. Mexico

8.2.6.1. Market Estimates & Forecast, by Type, 2020-2027

8.2.6.2. Market Estimates & Forecast, by Application, 2020-2027

8.3. Europe

8.3.1. Market Estimates & Forecast, by Country, 2020-2027

8.3.2. Market Estimates & Forecast, by Application, 2020-2027

8.3.3. UK

8.3.3.1. Market Estimates & Forecast, by Type, 2020-2027

8.3.3.2. Market Estimates & Forecast, by Application, 2020-2027

8.3.4. Germany

8.3.4.1. Market Estimates & Forecast, by Type, 2020-2027

8.3.4.2. Market Estimates & Forecast, by Application, 2020-2027

8.3.5. France

8.3.5.1. Market Estimates & Forecast, by Type, 2020-2027

8.3.5.2. Market Estimates & Forecast, by Application, 2020-2027

8.3.6. Rest of Europe

8.3.6.1. Market Estimates & Forecast, by Type, 2020-2027

8.3.6.2. Market Estimates & Forecast, by Application, 2020-2027

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, by Country, 2020-2027

8.4.2. Market Estimates & Forecast, by Application, 2020-2027

8.4.3. China

8.4.3.1. Market Estimates & Forecast, by Type, 2020-2027

8.4.3.2. Market Estimates & Forecast, by Application, 2020-2027

8.4.4. Japan

8.4.4.1. Market Estimates & Forecast, by Type, 2020-2027

8.4.4.2. Market Estimates & Forecast, by Application, 2020-2027

8.4.5. India

8.4.5.1. Market Estimates & Forecast, by Type, 2020-2027

8.4.5.2. Market Estimates & Forecast, by Application, 2020-2027

8.4.6. Rest of Asia-Pacific

8.4.6.1. Market Estimates & Forecast, by Type, 2020-2027

8.4.6.2. Market Estimates & Forecast, by Application, 2020-2027

8.5. The Rest of the World

8.5.1. Market Estimates & Forecast, by Country, 2020-2027

8.5.2. Market Estimates & Forecast, by Type, 2020-2027

8.5.3. Market Estimates & Forecast, by Application, 2020-2027

8.5.4. Middle East & Africa

8.5.4.1. Market Estimates & Forecast, by Type, 2020-2027

8.5.4.2. Market Estimates & Forecast, by Application, 2020-2027

8.5.5. South America

8.5.5.1. Market Estimates & Forecast, by Type, 2020-2027

8.5.5.2. Market Estimates & Forecast, by Application, 2020-2027

9. COMPETITIVE LANDSCAPE

9.1. Competitive Overview

9.2. Competitive Benchmarking

9.3. Major Players Market Share Analysis, 2020 (%)

9.4. Key Developments & Growth Strategies

10. COMPANY PROFILES

10.1. Honeywell International Inc

10.1.1. Company Overview

10.1.2. Financial Overview

10.1.3. Products Offered

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

10.2. Robert Bosch GmbH

10.2.1. Company Overview

10.2.2. Financial Overview

10.2.3. Products Offered

10.2.4. Key Developments

10.2.5. SWOT Analysis

10.2.6. Key Strategies

10.3. Analog Devices Inc

10.3.1. Company Overview

10.3.2. Financial Overview

10.3.3. Products Offered

10.3.4. Key Developments

10.3.5. SWOT Analysis

10.3.6. Key Strategies

10.4. Trimble Inc

10.4.1. Company Overview

10.4.2. Financial Overview

10.4.3. Products Offered

10.4.4. Key Developments

10.4.5. SWOT Analysis

10.4.6. Key Strategies

10.5. Murtata Manufacturing Co Ltd

10.5.1. Company Overview

10.5.2. Financial Overview

10.5.3. Products Offered

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. Silicon Sensing Systems Limited

10.6.1. Company Overview

10.6.2. Financial Overview

10.6.3. Products Offered

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. ST Microelectronics

10.7.1. Company Overview

10.7.2. Financial Overview

10.7.3. Products Offered

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. TDK Corporation

10.8.1. Company Overview

10.8.2. Financial Overview

10.8.3. Products Offered

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. NXP Semiconductors

10.9.1. Company Overview

10.9.2. Financial Overview

10.9.3. Products Offered

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. Epson America Inc

10.10.1. Company Overview

10.10.2. Financial Overview

10.10.3. Products Offered

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies

10.11. InnaLabs

10.11.1. Company Overview

10.11.2. Financial Overview

10.11.3. Products Offered

10.11.4. Key Developments

10.11.5. SWOT Analysis

10.11.6. Key Strategies

11. APPENDIX

11.1. List of Abbreviation

11.2. Related Research Market Study


LIST OF TABLES

Table 1 Global Gyroscope Market, by Type, 2020-2027

Table 2 Global Gyroscope Market, by Application, 2020-2027

Table 3 Global Gyroscope Market, by Region, 2020-2027

Table 4 North America: Gyroscope Market, by Country, 2020-2027

Table 5 North America: Gyroscope, Market, by Type, 2020-2027

Table 6 North America Gyroscope Market, by Application, 2020-2027

Table 7 US: Gyroscope Market, by Type, 2020-2027

Table 8 US: Gyroscope Market, by Application, 2020-2027

Table 9 Canada: Gyroscope, Market, by Type, 2020-2027

Table 10 Canada: Gyroscope Market, by Application, 2020-2027

Table 11 Mexico: Gyroscope, Market, by Type, 2020-2027

Table 12 Mexico: Gyroscope Market, by Application, 2020-2027

Table 13 Europe: Gyroscope Market, by Country, 2020-2027

Table 14 Europe: Gyroscope Market, by Type, 2020-2027

Table 15 Europe: Gyroscope Market, by Application, 2020-2027

Table 16 Germany: Gyroscope Market, by Type, 2020-2027

Table 17 Germany: Gyroscope Market, by Application, 2020-2027

Table 18 France: Gyroscope Market, by Type, 2020-2027

Table 19 France: Gyroscope Market, by Application, 2020-2027

Table 20 UK: Gyroscope Market, by Type, 2020-2027

Table 21 UK: Gyroscope Market, by Application, 2020-2027

Table 22 Asia-Pacific: Gyroscope Market, by Country, 2020-2027

Table 23 Asia-Pacific: Gyroscope Market, by Application, 2020-2027

Table 24 China: Gyroscope Market, by Type, 2020-2027

Table 25 China: Gyroscope Market, by Application, 2020-2027

Table 26 Japan: Gyroscope Market, by Type, 2020-2027

Table 27 Japan: Gyroscope Market, by Application, 2020-2027

Table 28 India: Gyroscope Market, by Type, 2020-2027

Table 29 India: Gyroscope Market, by Application, 2020-2027

Table 30 Rest of Asia-Pacific: Gyroscope Market, by Type, 2020-2027

Table 31 Rest of Asia-Pacific: Gyroscope Market, by Application, 2020-2027

Table 32 Rest of the World: Gyroscope Market, by Country, 2020-2027

Table 33 Rest of the World: Gyroscope Market, by Type, 2020-2027

Table 34 Rest of the World: Gyroscope Market, by Application, 2020-2027


LIST OF FIGURES

FIGURE 1 Global Gyroscope Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of the Global Gyroscope Market

FIGURE 4 Value Chain of the Global Gyroscope Market

FIGURE 5 Share of the Global Gyroscope Market in 2020, by Country (in %)

FIGURE 6 Global Gyroscope Market, 2020-2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global Gyroscope Market Size, by Type, 2020

FIGURE 9 Share of the Global Gyroscope Market, by Type, 2020 to 2027

FIGURE 10 Sub-Segments of Application

FIGURE 11 Global Gyroscope Market Size, by Application, 2020

FIGURE 12 Share of the Global Gyroscope Market, by Application, 2020 to 2027

Gyroscope Market