Global Gyroscope Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

MEMS Gyroscope, Fiber Optic Gyroscope, Ring Laser Gyroscope, Dynamically Tuned Gyroscope, Hemispherical Resonating Gyroscope and Others.

By Application;

Consumer Eletronics, Aerospace & Defense, Industrial Manufacturing, Marine and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn187769708 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Gyroscope Market (USD Million), 2021 - 2031

In the year 2024, the Global Gyroscope Market was valued at USD 3,320.01 million. The size of this market is expected to increase to USD 4,734.23 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.

The global gyroscope market is a critical segment within the broader electronics and sensor industry, playing a pivotal role in a wide array of applications ranging from consumer electronics to aerospace and defense. Gyroscopes are devices used for measuring or maintaining orientation and angular velocity by employing the principles of angular momentum. They are integral to the stability and navigation systems of various technologies, including smartphones, drones, aircraft, and spacecraft. The continuous advancements in gyroscope technology drive their incorporation into increasingly diverse applications, reflecting their growing significance in modern technology.

Recent advancements in gyroscope technology have led to the development of more sophisticated and compact devices with enhanced accuracy and stability. Innovations such as fiber optic gyroscopes (FOGs) and ring laser gyroscopes (RLGs) offer superior performance characteristics compared to traditional mechanical gyroscopes, such as increased precision and resistance to environmental conditions. These advancements cater to the evolving needs of high-precision navigation and stabilization systems in industries like aerospace, automotive, and robotics, where the demand for reliable and high-performance gyroscopes is on the rise.

The global gyroscope market is also influenced by increasing investments in technology and infrastructure across various sectors. The growing adoption of gyroscopes in consumer electronics, such as smartphones and wearable devices, alongside their critical role in advanced aerospace and defense systems, underscores the expanding market opportunities. As industries continue to innovate and integrate gyroscopes into new applications, the market is expected to experience robust growth, driven by ongoing technological advancements and the rising demand for precise orientation and navigation solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Gyroscope Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Sensor Technology
        2. Increasing Demand in Aerospace and Defense
        3. Growth in Consumer Electronics and Wearables
      2. Restraints
        1. High Manufacturing Costs
        2. Technological Complexity
        3. Market Saturation in Consumer Electronics
      3. Opportunities
        1. Emerging Applications in Autonomous Vehicles
        2. Advancements in Miniaturization and Integration
        3. Expansion in Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Gyroscope Market, By Type, 2021 - 2031 (USD Million)
      1. MEMS Gyroscope
      2. Fiber Optic Gyroscope
      3. Ring Laser Gyroscope
      4. Dynamically Tuned Gyroscope
      5. Hemispherical Resonating Gyroscope
      6. Others
    2. Global Gyroscope Market, By Application, 2021 - 2031 (USD Million)
      1. Consumer Eletronics
      2. Aerospace & Defense
      3. Industrial Manufacturing
      4. Marine
      5. Others
    3. Global Gyroscope Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Honeywell International Inc.
      2. Northrop Grumman Corporation
      3. Thales Group
      4. Leonardo DRS
      5. Safran Electronics & Defense
  7. Analyst Views
  8. Future Outlook of the Market