How big is the Gyroscopes Market?

The Gyroscopes Market size is expected to reach USD 4.30 billion in 2024 and grow at a CAGR of 6.10% to reach USD 5.78 billion by 2029. Read More

What is the current Gyroscopes Market size?

In 2024, the Gyroscopes Market size is expected to reach USD 4.30 billion. Read More

Which is the fastest growing region in Gyroscopes Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Gyroscopes Market?

In 2024, the Asia Pacific accounts for the largest market share in Gyroscopes Market. Read More

What years does this Gyroscopes Market cover, and what was the market size in 2023?

In 2023, the Gyroscopes Market size was estimated at USD 4.04 billion. The report covers the Gyroscopes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gyroscopes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Gyroscope Market - Trends, Forecast & Share

Gyroscope Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Gyroscopes Manufacturers and the Market Report is Segmented by Technology (MEMS Gyroscope, Fibre Optic Gyroscope (FOG), Ring Laser Gyroscope (RLG), Hemispherical Resonator Gyroscope (HRG), Dynamically Tuned Gyroscope (DTG), and Other Technologies), by End-User Vertical (Consumer Electronics, Automotive, Aerospace and Defense, Industrial, Marine, and Other End-User Verticals), and by Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Gyroscope Industry Overview

The gyroscope market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are Murata Manufacturing Co. Ltd, STMicroelectronics NV, Honeywell International Inc., Analog Devices Inc., and Bosch Sensortec Gmbh (Robert Bosch GmbH). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

January 2024 - Murata Manufacturing has launched a "next-generation" combined gyroscope and accelerometer sensor, offering the company's "high-precision" sensing for machine control and more: the SCH16T-K01. The multi-device SCH16T family of six degrees of freedom (6DoF) sensors, the SCH16T-K01, is based on a new generation of Murata's 3D micro-electromechanical systems (MEMS) sensor technology.
November 2023 - STMicroelectronics introduced an AI-enabled automotive inertial measurement unit for always-aware applications up to 125°C. STMicroelectronics' ASM330LHHXG1 inertial measurement unit (IMU) for automotive applications combines in-sensor AI with enhanced low-power operation and a 125°C operating temperature range for reliability in harsh environments.