Global Gyroscope Market growing at a CAGR of 6.7% from 2023 to 2031

Category : Semiconductor And Electronics | Published Date : Sep 2023

Key Market Overview

The gyroscope market is poised for strong expansion and is expected to reach USD 4,924.99 million by 2031. The market was sized at USD 2,799.35 million in 2022, USD 2,931.67 million in 2023 and is projected to grow at a compound annual growth rate of 6.7% during the period 2023-2031.

The report highlights the growing adoption of gyroscopes owing to the ability to provide accurate navigation. Consegic Business Intelligence provides an inclusive research report on the gyroscope market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Gyroscope Market By Overview

Global Gyroscope Market

Consegic Business Intelligence provided an inclusive research report on the gyroscope market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Digital ring laser gyroscope is anticipated to witness the fastest CAGR in the upcoming years owing to the high accuracy, stability, and reliability. The high accuracy of digital ring laser gyroscope is suitable for applications that require precise measurement of rotation and orientation. In addition, digital ring laser gyroscopes are less affected by environmental factors including temperature and vibration compared to traditional mechanical gyroscopes. Moreover, the growing adoption of digital ring laser gyroscopes to provide precise navigation in unmanned aircraft, marine vehicles, spacecraft, and surface vehicles is further contributing to the market growth. Subsequently, the aforementioned factors are collectively responsible in bolstering the growth of the digital ring laser gyroscope segment during the forecast period.

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Market Dynamics



  • Increasing adoption of gyroscopes to provide accurate navigation is driving the market growth.
  • Growing adoption of gyroscopes in consumer electronics for motion sensing and gesture control is fueling the market growth.



  • Inefficiency of gyroscopes to measure linear motion and static angle of orientation is hampering the market growth.

Market Segmentation:

Report Attributes Report Details
By Type Digital Ring Laser Gyroscope, Hemispherical Resonator Gyroscope, Spinning Mass Mechanical Gyroscope, Fiber-optic Gyroscope (FOGS), Micro-electro-mechanical (MEMS) Gyroscope, and Dynamically Tuned Gyroscope
By Axis Single, Double, and Triple
By Application Precision Instrumentation, Platform Stabilization, Guidance and Control System, Navigation Systems, Unmanned Vehicles and Autonomous Systems, 3D Mapping, Marine Electronics, Robotics, and Others
By End-User Automotive, Healthcare, Aerospace, Marine, Industrial Manufacturing, Transportation, Consumer Electronics, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The landscape for gyroscope market is highly competitive with major players including Honeywell International Inc., Robert Bosch GmbH, Analog Devices, Inc., and STMicroelectronics that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the gyroscope market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • Honeywell International Inc.
  • Robert Bosch GmbH
  • Analog Devices, Inc.
  • STMicroelectronics
  • TDK Corporation
  • Seiko Epson Corporation
  • InnaLabs
  • EMCORE Corporation