Gyroscopes Market Report 2020: Global Industry Size Analysis by Value Chain, SWOT Analysis, Drivers and Opportunities by Region and Forecast to 2024


The “Gyroscopes Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Gyroscopes market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Gyroscopes market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Gyroscopes market that will impact the demand during the forecast period.

Scope of the Report:

Gyroscopes can be defined as sensors used for the measurement of orientation in several devices. Ever since their inception, gyroscopes have evolved considerably, aided by incremental innovations in technology. This has helped them to emerge as one of the most integral components in navigation systems. In terms of technology gyroscopes are divided as MEMS Gyroscope, Fibre Optic Gyroscope(FOG), Ring Laser Gyroscope (RLG), Hemispherical Resonator Gyroscope (HRG), Dynamically Tuned Gyroscope(DTG) & Other Technologies.

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Market Overview:

  • The global gyroscopes market was valued at USD 2137.65 million in 2018, and is expected to reach a value of USD 2773.71 million by 2024, at a CAGR of 4.44%, during the forecast period 2019 – 2024. The gyroscope technology has witnessed huge amount of innovations in the last decade with the introduction of MEMS-based gyroscopes. The accuracy and efficiency of the gyroscopes have also improved as multi-axis gyroscopes are more accurate due to digital integration.
  • – Increasing demand for satisfactory performance of INS has influenced technological innovations in gyroscopes. The aviation industry, which is the key consumer of INS systems, has played a major role in the market growth and is expected to be a key driver for the global market.
  • – Rapidly growing adoption of drones and unmanned aerial vehicles (UAVs) in the defense and commercial sector has been identified to be a major driver in the market. Besides, technological innovations, as a result of increasing investments in the market, are ensuing in higher performance and lower costs. This is expanding the market for gyroscope systems in several industries, driving the growth of the market.
  • – However, increasing manufacturing complexity and costs involved in the industry are hampering the growth of the market as several industries.

    Some of the Top Key Players of Gyroscopes Market Report Are:

  • Murata Electronics Oy
  • STMicroelectronics N.V.
  • Honeywell International Inc.
  • Analog Devices, Inc.
  • Robert Bosch GmbH
  • MEMSIC, Inc.
  • Systron Donner Inertial
  • Trimble Navigation Ltd.
  • MicroStrain, Inc.
  • Vectornav Technologies LLC

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Aerospace & Defense is Expected to Hold a Significant Share

    – Gyroscopes are basically critical rotation sensing elements which are used in navigation systems specifically for inertial navigation systems (INS), attention and heading reference systems (AHRS) or inertial measurement units (IMUs) for manned and unmanned aircraft, spacecraft, marine vehicles and surface vehicles.
    – The ring laser gyro (RLG) helps in rotation measurement. Because of its affordable high performance inertial sensor with the electronics, power supply and sense element, it is easy-to-use this compact unit for aerospace and defense industry.
    – A gyrometer as a inertial sensor measures angular rotations. Its vibratory technologies holds exceptional reliability and compactness which is mainly used to stabilize aiming lines on remotely controlled gun turrets and images, and also for avionics, integrated into the artificial horizons of military or civilian aircraft.
    – In Canada, the demand for gyroplane aircraft is increasing due to the effective application of gyroscope. According to a report, in Canadian Civil Aircraft Registry, the IFR gyroscopes are being adopted in aerospace industry because of its effective applications.
    – Across various other countries, aerospace and defense sectors are expected to signficantly contribute to the market growth.
    Asia-Pacific Region to Witness a Significant Growth Rate

    – Asia-Pacific is the only region to register a capacity growth in the oil and gas industry, in the recent years. About four new refineries were added in the region, which has added about 750,000 barrels per day, to the global crude oil production.
    – For instance, in China, for oil and gas industry, certain kind of gyroscope has been designed for borehole drilling field which has the ability to overcome certain technical difficulties like, monitoring the operating temperature up to 100-degree centigrade. Mostly, inertial devices are more adaptable and better applied in the drilling field.
    – Moreover, as Japan is well known as the manufacturing hub of the automobile industry, the new development plan for the driverless vehicle is giving rise to the adoption of gyroscopes.
    – Further, the increased enforcement of regulations from countries, such as China, Japan, and South Korea, has encouraged companies to invest in different gyroscopes. Thus, end-user companies are willing to invest in the measurement of orientation in several devices monitoring system for their safety.

    The Report Covers:

    • Comprehensive research methodology of Gyroscopes market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Gyroscopes market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Gyroscopes Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rapid Rise of Unmanned Vehicle in Both Defense and Civilian Applications
    4.3.2 Technological Advancements Enabling More Effective Components at a Smaller and Lighter Size
    4.4 Market Restraints
    4.4.1 Substantial Increase in Complexity Challenging the Market Demand
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5.1 By Technology
    5.1.1 MEMS Gyroscope
    5.1.2 Fibre Optic Gyroscope(FOG)
    5.1.3 Ring Laser Gyroscope (RLG)
    5.1.4 Ring Laser Gyroscope (RLG)
    5.1.5 Hemispherical Resonating Gyroscope (HRG)
    5.1.6 Dynamically Tuned Gyroscopes (DTG)
    5.1.7 Other Technologies
    5.2 By End-user Vertical
    5.2.1 Consumer Electronics
    5.2.2 Automotive
    5.2.3 Aerospace & Defense
    5.2.4 Industrial
    5.2.5 Marine
    5.2.6 Other End-user Verticals
    5.3 Geography
    5.3.1 North America United States Canada
    5.3.2 Europe Germany United Kingdom France Rest of Europe
    5.3.3 Asia-Pacific China Japan India Rest of Asia-Pacific
    5.3.4 Rest of World

    6.1 Company Profiles
    6.1.1 Murata Electronics Oy
    6.1.2 STMicroelectronics N.V.
    6.1.3 Honeywell International Inc.
    6.1.4 Analog Devices, Inc.
    6.1.5 Robert Bosch GmbH
    6.1.6 MEMSIC, Inc.
    6.1.7 Systron Donner Inertial
    6.1.8 Trimble Navigation Ltd.
    6.1.9 MicroStrain, Inc.
    6.1.10 Vectornav Technologies LLC



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