Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
gyroscope global market size, gyroscope global market share, gyroscope global market analysis, gyroscope global market growth, gyroscope global market opportunities, gyroscope global market overview, gyroscope global market outlook, gyroscope global market trends, gyroscope global market segments, gyroscope global industry
What Is the Gyroscope Global Market Size, & Where is it Heading by 2024?
The gyroscope market has witnessed a steady growth in recent years and it will grow from $2.95 billion in 2024 to $3.1 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The historic growth can largely be attributed to the adoption of consumer electronics, the demand in automotive applications, aerospace and defense sectors, industrial automation, and medical devices.
Predicting strong growth in the forthcoming years, the gyroscope market will expand to $4.23 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth projected during the forecast period can be linked to increased focus on energy efficiency and sustainability, rising utilization in oil and gas industry, research and scientific instrumentation, explosive growth in wearables market, and expanding telecommunications networks.
Get Your Free Sample of The Global Gyroscope Market Report:
What Key Growth Drivers Are Instigating the Gyroscope Global Market Progress?
The major driver contributing to the gyroscope market growth is the rapid adoption of drones and unmanned aerial vehicles (UAVs) in the defense and commercial sector. UAVs, remotely operated by a human or autonomously by an onboard computer, are extensively used for warfare and surveillance. There is an increased rate of UAV adoption due to rising research and development.
Which Are the Significant Segments in the Global Gyroscope Market?
The gyroscope market is segmented by:
1) Type: Micro-Electro-Mechanical System (MEMS) Gyroscopes, Fiber Optic Gyroscope, Ring Laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope
2) Application: Electronics, Aerospace, Industrial Manufacturing, Automotive, Mining, Marine
Ready for quick delivery, order your report now:
Who Are the Major Players Involved in Leading the Gyroscope Market?
The major players operating in the gyroscope market include Analog Devices Inc., Colibrys Ltd., Fizoptika Corp., Honeywell International Inc., InnaLabs, InvenSense Inc., Kionix Inc., KVH Industries Inc., Murata Manufacturing Co. Ltd., Northrop Grumman Corporation, NXP Semiconductors N. V., Robert Bosch GmbH, Sensonor AS, STMicroelectronics Private Ltd., Systron Donner Inertial, TDK Corporation, Trimble Inc., Silicon Sensing Systems Limited, Emcore Corporation, Optolink LLC, Dynalabs Mühendislik LTD., Epson Europe Electronics GmbH, Safran Electronics & Defense, Thales Group, Raytheon Technologies Corporation, Rockwell Collins, UTC Aerospace Systems, Moog Inc., MEMSIC Inc., Gladiator Technologies, VectorNav Technologies.
What Emerging Trends Are Expected to Impact the Gyroscope Market?
The performance of Inertial Navigation System (INS), attention and heading reference systems (AHRS), or inertial measurement units (IMUs) for manned and unmanned aircraft, spacecraft, marine, and surface vehicles are driving innovative developments in gyroscopes. Magnum Wings LLP, for instance, a Hyderabad-based electronic company, launched its first commercially available UAV- MW Viper in India in May 2022, designed to simplify ground survey, payload delivery, and surveillance missions.
Which Region Dominates the Global Gyroscope Market & Which One Shows Faster Growth?
North America was the largest region in the gyroscope market in 2024. Predicted to be the fastest-growing region in the forecast period is Asia-Pacific. The report covers gyroscope markets across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What’s the Objective of the Gyroscope Market-2025?
Gyroscopes, organized on a frame and capable of sensing an angular velocity if the frame is in motion, form the prime focus of the Gyroscope Market. Extensively used in compasses, automatic pilots on ships and aircraft, ballistic missiles’ steering mechanisms, the inertial guidance systems for space launch vehicles, orbiting satellites, and virtual reality experiences, they are devices engineered to track the twists, turns, and rolls of an object in motion.
Purchase the comprehensive report now to unlock useful market insights:
About The Business Research Company
With over 15000+ reports covering 27 industries across 60+ geographies, The Business Research Company has built a reputation for offering comprehensive research, data-rich reports, and insights. Equipped with 1,500,000 datasets, in-depth secondary research, and unique insights from industry leaders, get the information you need to stay ahead. Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
Twitter: https://twitter.com/tbrc_info
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
