Press release
Gyroscope Market: Imminent Growth Expected in the Global Market with $4.23 Billion by 2029 (CAGR 8.1%)
Gyroscope Market
Future Growth of Gyroscope Market Driven by Adoption in UAVs, Energy Efficiency and Diversified Applications
What Is The Projected Market Size Of The Global Gyroscope Market And Its Growth Rate?
The Gyroscope market has shown consistent growth over the years.
o The market surged to $2.95 billion in 2024 and took a further leap to $3.1 billion in 2025, recording a compound annual growth rate (CAGR) of 4.9%.
o This significant growth can be attributed to various factors like increased adoption in consumer electronics, automotive applications, demand from the aerospace and defense sector, industrial automation, and medical devices.
o There is a strong projection of growth for the Gyroscope market in the next few years, reaching up to $4.23 billion by 2029 with a CAGR of 8.1%.
o This forecasted growth is linked to factors like the focus on energy efficiency and sustainability, utilization in the oil and gas industry, implementation in scientific instrumentation, the rapid expansion of the wearables market, and the growth of telecommunications networks.
What Is Driving The Growth In The Gyroscope Market?
The rise in adoption of drones and unmanned aerial vehicles (UAVs) in the defense as well as the commercial sector has been recognized as a major driver of the gyroscope market. An Unmanned Aerial Vehicle (UAV) is an airborne system or aircraft operated remotely by a human operator or autonomously by an onboard computer. They are used mainly for warfare and surveillance purposes. Boosted by an increase in research and development activities, the rate of UAV adoption is rising steadily. For instance, according to the National Defense magazine, worldwide expenditure on research, development, and procurement of UAVs is expected to increase from $11.1 billion in 2020 to $14.3 billion by 2029. Such escalating adoption of drones and UAVs are triggering the growth in the gyroscope market.
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Who Are the Key Players Driving Gyroscope Market Growth?
The Gyroscope market has numerous key players, which include:
o Analog Devices Inc.
o Colibrys Ltd.
o Fizoptika Corp.
o Honeywell International Inc.
o InnaLabs
o InvenSense Inc.
o Kionix Inc.
o KVH Industries Inc.
o Murata Manufacturing Co. Ltd.
o Northrop Grumman Corporation
o NXP Semiconductors N. V.
o Robert Bosch GmbH
o Sensonor AS
o STMicroelectronics Private Ltd.
o Systron Donner Inertial
o TDK Corporation
o Trimble Inc.
o Silicon Sensing Systems Limited
o Emcore Corporation
o Optolink LLC
o Dynalabs Mühendislik LTD.
o Epson Europe Electronics GmbH
o Safran Electronics & Defense
o Thales Group
o Raytheon Technologies Corporation
o Rockwell Collins
o UTC Aerospace Systems
o Moog Inc.
o MEMSIC Inc.
o Gladiator Technologies
o VectorNav Technologies
What Are The Key Trends In The Gyroscope Market?
Major trends in the forecasted period include:
o Increased utilization in earthquake detection systems
o Development of hybrid sensors
o Integration into smart wearables for health monitoring
o Enhanced gyroscopic stabilization in cameras
o Energy harvesting solutions
o Diversification in medical applications
What Are The Segments Of The Global Gyroscope Market?
The Gyroscope market covered in this report is primarily segmented into:
o By Type: Micro-Electro-Mechanical System (MEMS) Gyroscopes, Fiber Optic Gyroscope, Ring laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope.
o By Application: Electronics, Aerospace, Industrial Manufacturing, Automotive, Mining, Marine.
Which Region Leads The Gyroscope Market?
North America was the largest region in the gyroscope market in 2024. Anticipated to be the fastest-growing region in the forecast period is Asia-Pacific. The regions covered in the gyroscope market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Gyroscope Market Global Market Report?
- Market Size Analysis: Analyze the Gyroscope Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gyroscope Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gyroscope Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gyroscope Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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