Gyroscope Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Description
The Global Gyroscope Market was valued at USD 2.7 billion in 2024 and is estimated to grow at a CAGR of 4.2% to reach USD 4 billion by 2034.
Smartphones, tablets, and wearable devices have become highly sophisticated, with user experiences that depend heavily on motion-sensing capabilities. Gyroscopes are central to enabling features such as automatic screen orientation, step tracking, gesture control, and immersive augmented reality (AR) applications.
Rising Adoption of MEMS Gyroscopes
The MEMS gyroscopes segment held a sizeable share in 2024, owing to their compact size, low power consumption, and suitability for mass-market applications. These micro-electromechanical systems are widely used in mobile devices, wearables, drones, and game controllers, making them one of the fastest-growing segments globally. Companies are investing heavily in miniaturization, batch manufacturing processes, and multi-axis sensor fusion to improve performance and cost-efficiency.
Rising Usage of Single-Axis Gyroscopes
The single-axis gyroscopes segment held robust growth in 2024. These gyroscopes are valued for their simplicity, durability, and low-cost implementation, with pricing generally ranging from USD 5 to USD 100 depending on specifications. While the demand for multi-axis solutions is growing, single-axis units are still preferred in scenarios where minimal sensing is sufficient. To stay relevant, companies are focusing on enhancing the sensitivity and stability of single-axis models while integrating them into modular sensor kits to appeal to emerging markets and DIY technology platforms.
Consumer Electronics to Gain Traction
The consumer electronics segment held a sizeable share in 2024, driven by their use in smartphones, AR/VR headsets, fitness trackers, and gaming devices. As user experiences become more immersive and motion-driven, demand for compact, fast-responding, and low-power gyroscopes continues to rise. To stay competitive, manufacturers are prioritizing form factor optimization, high-volume production capabilities, and close alignment with OEM product cycles.
North America to Emerge as a Propelling Region
North America gyroscopes market is poised to witness a significant share in 2024, fueled by robust investments in defense, aerospace, and advanced manufacturing. The region also hosts many of the world’s top tech and sensor companies, offering a fertile ground for innovation and collaboration.
Major players in the gyroscopes market are Trimble Inc., InvenSense Inc., TE Connectivity Ltd., EMCORE Corporation, Murata Manufacturing Co. Ltd, Systron Donner Inertial, Bosch Sensortec GmbH, InnaLabs, STMicroelectronics NV, Analog Devices Inc., Northrop Grumman Corporation, Silicon Sensing Systems Ltd., Epson America Inc., Honeywell International Inc., and NXP Semiconductors NV.
To strengthen their foothold in the global gyroscopes market, companies are focusing on a mix of innovation, vertical integration, and end-market diversification. R&D investment remains central, especially in MEMS miniaturization, sensor fusion, and next-generation materials. Strategic partnerships with aerospace, automotive, and consumer electronics firms help secure long-term business and drive co-development of application-specific gyros.
Smartphones, tablets, and wearable devices have become highly sophisticated, with user experiences that depend heavily on motion-sensing capabilities. Gyroscopes are central to enabling features such as automatic screen orientation, step tracking, gesture control, and immersive augmented reality (AR) applications.
Rising Adoption of MEMS Gyroscopes
The MEMS gyroscopes segment held a sizeable share in 2024, owing to their compact size, low power consumption, and suitability for mass-market applications. These micro-electromechanical systems are widely used in mobile devices, wearables, drones, and game controllers, making them one of the fastest-growing segments globally. Companies are investing heavily in miniaturization, batch manufacturing processes, and multi-axis sensor fusion to improve performance and cost-efficiency.
Rising Usage of Single-Axis Gyroscopes
The single-axis gyroscopes segment held robust growth in 2024. These gyroscopes are valued for their simplicity, durability, and low-cost implementation, with pricing generally ranging from USD 5 to USD 100 depending on specifications. While the demand for multi-axis solutions is growing, single-axis units are still preferred in scenarios where minimal sensing is sufficient. To stay relevant, companies are focusing on enhancing the sensitivity and stability of single-axis models while integrating them into modular sensor kits to appeal to emerging markets and DIY technology platforms.
Consumer Electronics to Gain Traction
The consumer electronics segment held a sizeable share in 2024, driven by their use in smartphones, AR/VR headsets, fitness trackers, and gaming devices. As user experiences become more immersive and motion-driven, demand for compact, fast-responding, and low-power gyroscopes continues to rise. To stay competitive, manufacturers are prioritizing form factor optimization, high-volume production capabilities, and close alignment with OEM product cycles.
North America to Emerge as a Propelling Region
North America gyroscopes market is poised to witness a significant share in 2024, fueled by robust investments in defense, aerospace, and advanced manufacturing. The region also hosts many of the world’s top tech and sensor companies, offering a fertile ground for innovation and collaboration.
Major players in the gyroscopes market are Trimble Inc., InvenSense Inc., TE Connectivity Ltd., EMCORE Corporation, Murata Manufacturing Co. Ltd, Systron Donner Inertial, Bosch Sensortec GmbH, InnaLabs, STMicroelectronics NV, Analog Devices Inc., Northrop Grumman Corporation, Silicon Sensing Systems Ltd., Epson America Inc., Honeywell International Inc., and NXP Semiconductors NV.
To strengthen their foothold in the global gyroscopes market, companies are focusing on a mix of innovation, vertical integration, and end-market diversification. R&D investment remains central, especially in MEMS miniaturization, sensor fusion, and next-generation materials. Strategic partnerships with aerospace, automotive, and consumer electronics firms help secure long-term business and drive co-development of application-specific gyros.
Table of Contents
180 Pages
- Chapter 1 Methodology
- 1.1 Market scope and definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Data mining sources
- 1.3.1 Global
- 1.3.2 Regional/Country
- 1.4 Base estimates and calculations
- 1.4.1 Base year calculation
- 1.4.2 Key trends for market estimation
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.6 Forecast model
- 1.7 Research assumptions and limitations
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 – 2034
- 2.2 Key market trends
- 2.2.1 Technology type trends
- 2.2.2 Axis configuration trends
- 2.2.3 Application trends
- 2.2.4 End use industry trends
- 2.3 TAM Analysis, 2025-2034
- 2.4 CXO perspectives: Strategic imperatives
- 2.4.1 Executive decision points
- 2.4.2 Critical success factors
- 2.5 Future outlook and strategic recommendations
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Supplier landscape
- 3.1.2 Profit margin analysis
- 3.1.3 Cost structure
- 3.1.4 Value addition at each stage
- 3.1.5 Factor affecting the value chain
- 3.1.6 Disruptions
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Rising demand in consumer electronics
- 3.2.1.2 Proliferation of autonomous vehicles & ADAS
- 3.2.1.3 Expansion in aerospace & defense applications
- 3.2.1.4 Expansion of industrial automation and robotics
- 3.2.1.5 Advancements in micro-electro-mechanical systems (MEMS) technology
- 3.2.2 Industry pitfalls and challenges
- 3.2.2.1 Rising manufacturing costs
- 3.2.2.2 Difficulty in seamless system integration
- 3.2.3 Market opportunities
- 3.2.3.1 Increased IoT connectivity and use cases
- 3.2.3.2 Advances in autonomous vehicles
- 3.2.3.3 Connected wearable technology devices
- 3.3 Growth potential analysis
- 3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 Asia Pacific
- 3.4.4 Latin America
- 3.4.5 Middle East & Africa
- 3.5 Porter’s analysis
- 3.6 PESTEL analysis
- 3.7 Technology and Innovation landscape
- 3.7.1 Current technological trends
- 3.7.2 Emerging technologies
- 3.8 Price trends
- 3.8.1 By region
- 3.8.2 By product
- 3.9 Pricing strategies
- 3.10 Emerging business models
- 3.11 Compliance requirements
- 3.12 Sustainability Measures
- 3.13 Consumer sentiment analysis
- 3.14 Patent and IP analysis
- 3.15 Geopolitical and trade dynamics
- Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.2.1 By region
- 4.2.1.1 North America
- 4.2.1.2 Europe
- 4.2.1.3 Asia Pacific
- 4.2.1.4 Latin America
- 4.2.1.5 Middle East & Africa
- 4.3 Competitive benchmarking of key players
- 4.3.1 Financial performance comparison
- 4.3.1.1 Revenue
- 4.3.1.2 Profit margin
- 4.3.1.3 R&D
- 4.3.2 Product portfolio comparison
- 4.3.2.1 Product range breadth
- 4.3.2.2 Technology
- 4.3.2.3 Innovation
- 4.3.3 Geographic presence comparison
- 4.3.3.1 Global footprint analysis
- 4.3.3.2 Service network coverage
- 4.3.3.3 Market penetration by region
- 4.3.4 Competitive positioning matrix
- 4.3.4.1 Leaders
- 4.3.4.2 Challengers
- 4.3.4.3 Followers
- 4.3.4.4 Niche players
- 4.3.5 Strategic outlook matrix
- 4.4 Key developments, 2021-2024
- 4.4.1 Mergers and acquisitions
- 4.4.2 Partnerships and collaborations
- 4.4.3 Technological advancements
- 4.4.4 Expansion and investment strategies
- 4.4.5 Sustainability initiatives
- 4.4.6 Digital transformation initiatives
- 4.5 Emerging/ startup competitors landscape
- Chapter 5 Market Estimates and Forecast, By Technology Type, 2021 – 2034 (USD Million)
- 5.1 Key trends
- 5.2 MEMS gyroscopes
- 5.3 Fiber optic gyroscopes (FOG)
- 5.4 Ring laser gyroscopes (RLG)
- 5.5 Dynamically tuned gyroscopes (DTG)
- 5.6 Hemispherical resonator gyroscopes (HRG)
- 5.7 Others
- Chapter 6 Market Estimates and Forecast, By Axis Configuration, 2021 – 2034 (USD Million)
- 6.1 Key trends
- 6.2 Single-axis gyroscopes
- 6.3 Dual-axis gyroscopes
- 6.4 Three-axis gyroscopes
- 6.5 Multi-axis gyroscopes
- Chapter 7 Market Estimates and Forecast, By Application, 2021 – 2034 (USD Million)
- 7.1 Key trends
- 7.2 Motion sensing & gesture control
- 7.3 Navigation & inertial measurement
- 7.4 Stabilization & control systems
- 7.5 Others
- Chapter 8 Market Estimates and Forecast, By End Use Industry, 2021 – 2034 (USD Billion)
- 8.1 Key trends
- 8.2 Consumer electronics
- 8.2.1 Smartphones and tablets
- 8.2.2 Wearable devices
- 8.2.3 AR/VR
- 8.2.4 Camera stabilization systems
- 8.2.5 Others
- 8.3 Automotive and transportation
- 8.3.1 Passenger vehicles
- 8.3.2 Commercial vehicles
- 8.3.3 Rail transport and metro systems
- 8.3.4 Others
- 8.4 Aerospace and defense
- 8.4.1 Aircrafts
- 8.4.2 UAVs
- 8.4.3 Spacecrafts
- 8.4.4 Ships & submarines
- 8.4.5 Others
- 8.5 Industrial and robotics
- 8.5.1 Industrial robots
- 8.5.2 Industrial machines & equipments
- 8.5.3 Others
- 8.6 Healthcare and medical devices
- 8.6.1 Surgical navigation systems
- 8.6.2 Medical imaging equipment
- 8.6.3 Others
- 8.7 Others
- Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 (USD Billion)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Netherlands
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- Chapter 10 Company Profiles
- 10.1 Global Key Players
- 10.1.1 Honeywell International Inc.
- 10.1.2 Northrop Grumman Corporation
- 10.1.3 STMicroelectronics NV
- 10.1.4 Analog Devices Inc.
- 10.1.5 NXP Semiconductors NV
- 10.2 Regional Key Players
- 10.2.1 North America
- 10.2.1.1 InvenSense Inc.
- 10.2.1.2 TE Connectivity Ltd.
- 10.2.1.3 Trimble Inc.
- 10.2.1.4 EMCORE Corporation
- 10.2.1.5 SiTime Corporation
- 10.2.1.6 PNI Sensor Technology
- 10.2.2 Europe
- 10.2.2.1 Murata Manufacturing Co. Ltd
- 10.2.2.2 Bosch Sensortec GmbH
- 10.2.2.3 Safran Electronics & Defense
- 10.2.3 Asia Pacific
- 10.2.3.1 Epson America Inc.
- 10.2.3.2 InnaLabs
- 10.3 Niche Players / Disruptors
- 10.3.1 Silicon Sensing Systems Ltd.
- 10.3.2 Systron Donner Inertial
- 10.3.3 KVH Industries
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