Gyroscope Market - By Technology Type, By Axis Configuration, By Application, By End Use Industry, Growth Forecast, 2025 - 2034

Gyroscope Market Size

The global gyroscope market was valued at USD 2.7 billion in 2024 and is projected to reach USD 2.8 billion by 2025 and USD 4 billion by 2034 growing at a CAGR of 4.2% during the forecast period 2025–2034, according to Global Market Insights Inc.

• The growth in the gyroscope market is driven by continued growth of consumer electronics, expansion of the automotive industry, advancing frontiers in aerospace and security, expansion of industrial automation and robotics, and advancements in micro-electro-mechanical systems (MEMS) technology.
   
• Rising demand in consumer electronics, particularly smartphones, is driving the growth of the gyroscope industry due to their critical role in motion sensing and enhanced user experience. A study conducted on smartphone inertial sensors by the National Library of Medicine (NLM) showed that gyroscopes achieved classification accuracies in range of 90.1% to 94.1% for various physical activities, thus showing the usefulness of gyroscopes to recognize activity. This high accuracy highlights the importance of gyroscopes in enabling features such as gaming, augmented reality, navigation, and fitness tracking, thereby fueling their integration across a wide range of consumer electronic devices.
   
• The growth of the gyroscope market is driven significantly by the rise of autonomous vehicles and ADAS because these sensors serve an important role by providing precise motion detection, vehicle stability, and real time navigation. According to the Highway Loss Data Institute (HLDI), by 2028, half of all registered vehicles in the U.S. are expected to utilize five ADAS technologies, specifically, rear cameras (76%), rear parking sensors (65%), front crash prevention (55%), and blind spot monitoring (53%). With this broad adoption of ADAS, road safety will improve with fewer accidents while also increasing demand for advanced sensors like gyroscopes, which form the backbone of these safety systems.
   
• In 2024, North America dominated the global gyroscope market with a share of 37.2% due to rapid adoption of smartphones, wearable devices, and autonomous vehicles, coupled with strong investments in automotive safety and defense applications. In 2024, the Department of Defense invested approximately USD 997 billion on military.
   

Gyroscope Market Trends

• The incorporation of IoT in autonomous vehicles is an important trend within the market as it provides better vehicle navigation, safety features, and sustainable real-time data processing for smart mobility. This trend began around 2019 as significant improvements in vehicle automation, advancements in sensors, connectivity, and AI. It is anticipated to remain influential through 2028 when technology maturity, widespread adoption, and infrastructure development converge to maximize its impact on smart mobility. According to a GSMA report, emerging IoT connections reached 15.1 billion globally in 2023 and are expected to exceed 29 billion by 2030. The rapid expansion of the IoT connections highlight an increasing reliance upon connected technology and devices that have the potential to create autonomous vehicles which will change smart mobility.
   
• Another substantial trend in gyroscopes market is an increasing reliance on robotics and wearables technology that started gaining momentum in the early 2010s. This trend is driven by demand for precise motion sensors in applications spanning industrial automation, healthcare devices, and consumer wearable technology. According to the U.S. Centers for Disease Control and Prevention (CDC), in 2022, around 30 percent of American adults used some form of wearable fitness tracker or smart watch every day. It’s expected to remain viable through at least 2035, as its usage continues to rise in healthcare, industrial robotics, and global consumer tech, which all make gyroscopes foundational for the next generation of smart systems.
   

Gyroscope Market Analysis

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Based on technology type, the market is divided into MEMS gyroscopes, fiber optic gyroscopes (FOG), ring laser gyroscopes (RLG), dynamically tuned gyroscopes (DTG), hemispherical resonator gyroscopes (HRG) and others.
 

• MEMS gyroscopes was valued at USD 1.3 billion in 2024. MEMS gyroscopes are propelling market growth owing to their compact, low cost, and in large materials usages in consumer electronics, automotive and industrial applications.
   
• Companies should focus on upgrading MEMS gyroscope accuracy, improving the combination with AI and IoT based systems, and scaling production to support new use cases in autonomous vehicles, wearables, and robotics.
   
• The fiber optic gyroscopes (FOG) anticipated to grow at a CAGR of 5.6% during the forecast period of 2025 – 2034. The growth of fiber optic gyroscope market is attributed to high accuracy, dependable, and resistance to environmental interference capabilities, which makes them ideal for autonomous vehicle navigation, aerospace, defense, and industrial applications.  
   
• Manufacturers should focus on increased FOG performance, lower size and cost, enhanced reliability in harsh conditions, and expanding applications in autonomous systems, aerospace, energy, and smart industrial automation.
   

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Based on the axis configuration, the gyroscope market is divided into single-axis gyroscopes, dual-axis gyroscopes, three-axis gyroscopes and multi-axis gyroscopes.
 

• The single-axis gyroscopes segment is anticipated to reach USD 372.4 million by 2034. This segment is driven mainly by rising adoption in drones and unmanned aerial vehicles for basic navigation, growing integration in gaming and virtual reality systems for enhanced user experience, and expansion in industrial automation for simple rotational sensing tasks.
   
• Manufactures should focus on performance relating to sensitivity and robustness, low power consumption, specialized single-axis gyroscopes, and applications to drones, VR systems, and compact automation solutions.
   
• The three-axis gyroscopes market is projected to register a CAGR of 5% from 2025 to 2034. This growth is fueled by the increased demand for high-precision motion sensing in smartphones, autonomous automobiles, robotics, and aerospace applications. Improved performance, miniaturization of sensors, and integration capabilities are also driving adoption within the industrial and consumer electronics sectors.
   
• Manufactures should focus on more precision, less power consumption, smoother operation and integration with multi-sensor systems, and expanding applications beyond AR/VR, smartphones, autonomous vehicles, and advanced robotics.
   

On the basis of end-use industry, the market is divided into consumer electronics, automotive and transportation, aerospace and defense, industrial and robotics, healthcare and medical devices and others.

• The consumer electronics segment was valued at USD 963.3 million in 2024. The consumer electronics segment is expected to grow in the gyroscope market due to rising adoption in smartphones, wearables, AR/VR devices, and gaming consoles, to improve motion sensing, navigation and provide immersive enhanced user experiences.
   
• Manufacturers should focus on ultra-low power, ultra compact gyroscope applications, improving sensor fusion to enable immersive AR/VR experiences, increasing the accuracy of health tracking, and improving compatibility with next generation portable and wearable consumer electronics.
   
• Automotive and transportation are projected to register a CAGR of 5% during the forecast period 2025 – 2034, driven mainly by increasing demand for advanced driver-assistance systems (ADAS), electric vehicles, vehicle stability control, and autonomous driving technologies.
   
• Manufacturers must continue to focus on improving the precision of gyroscopes, integration with electric vehicle systems, improving reliability to function in extreme conditions, and developing safety standards for new technologies in autonomous and semi-autonomous vehicles.
   

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North America held the largest market share of 37.2% in 2024, driven by researchers' strong emphasis on technological innovation, high adoption of advanced automotive and consumer electronics, highly placed levels of defense spending, and broad industrial automation across the area.
 

• U.S. gyroscope market valued at USD 790.5 million in 2024. The U.S. is driving growth in the IoT sensors market due to high levels of defense spending, early adoption of IoT-led applications, strong automotive leadership in innovation, and the increase in demand for gyroscopes for sensor applications. Department of Defense authorized USD 997 billion in military spending in 2024. Moreover, advancements in high-precision inertial navigation systems is expected to grow. This indicates the region's commitment to improving navigation capabilities as they relate to defense applications.
   
• Companies should focus on improving high-precision inertial navigation systems, increasing the accuracy of gyroscopes, advancing IoT sensor integration and innovation to meet broad consumer demands in the defense and automotive markets.
   
• Canada is projected to grow at a 4.1% CAGR during the forecast period of 2025-2034. Canada is driving the gyroscopes demand through new fields in automotive application of smart automotive technologies across Canada, increased levels of industrial automation, and increasing levels of the Victorian consumer electronics market through gyroscope and sensor applications.
   
• Companies should focus on high-performance gyroscope solutions for smart automotive applications, greater levels of industrial automation, and sensor integration to accommodate increasing demands for consumer electronics across Canada.
   

Europe accounted for 18.8 % of the gyroscope market in 2024, driven by strict environmental regulations, widespread adoption of energy-efficient technologies and strong government initiatives promoting green buildings and smart city projects.
 

• Germany market valued at USD 144.4 million in 2024. The market in Germany is driven by severe energy efficiency regulations and government incentives for smart home adoption.
   
• Manufacturers should support energy efficient gyroscope solutions, develop smart home compatible sensors, and leverage government incentives to create innovative products that provide solutions for Germany's strict energy regulations and growing smart home technology opportunities.
   
• The UK gyroscope market is projected to grow at a 4% CAGR during 2025–2034, driven by demand from consumers in aerospace, defense and automotive markets rises and consumer demand for advanced sensor technologies in consumer electronics also rise.
   
• Companies should focus on developing high-performance gyroscopes for aerospace and defense, enhancing automotive integration, and innovating sensor technologies to meet growing consumer electronics demand in the UK market.
   

Asia-Pacific is the fastest growing region in the gyroscope market with a CAGR of 5.2% during the forecast period of 2025-2034. The market is growing because of advancing industrialization, growth in automotive and consumer electronics sectors, adoption of IoT technologies, and rising investments in smart manufacturing.
 

• China market is anticipated to reach USD 544.7 million by 2034. The China market is driven by strong gyroscope industry demand from robotics and automation. Further demand will be driven by the growth of the additive manufacturing market from 5G infrastructure which supports sensor technology.
   
• Companies should focus upon developing higher performance and precision gyroscopes for robotics applications, improve sensor technologies that can take advantage of new 5G events, investing into automation capability; develop new gyroscope solutions for smart devices and Industrial IoT opportunities.
   
• Japan’s gyroscope market was valued at USD 126.1 million in 2024, driven by Japan's focus on energy-efficient, miniaturized sensor technologies and growth in healthcare technology market segments that utilize motion sensors to operate.
• Manufacturers should focus on continued growth in the miniaturized and energy-efficient gyroscope technologies to develop healthcare technology applications using sensor technologies, new applications using gyroscopes, smart devices and precision motion tracking technologies in Japan.
   
• The South Korea gyroscope market is anticipated to grow at a CAGR of 4% during the forecast period of 2025-2034, driven by a pragmatic focus on national energy consumption decrease targets and the presence of a direct electronics and semiconductor manufacturing base.
   
• Market players should focus on developing energy-efficient gyroscope technologies, enhancing gyroscope sensor integration into semiconductor devices, advancing gyroscopes for smart factory, and consumer electronics innovations as well.
   

Latin America held 4.4% market share in 2024. The market growth is due to the expansion of telecommunications infrastructure, the increase in advanced sensor technologies, and growing interest in precision navigation from agriculture technology and drones.
 

Middle East and Africa market is projected to grow at a CAGR of 4.9% during the forecast period of 2025-2034. The market is driven by the growth of renewable energy projects that need precise monitoring, and the improvement in transportation and logistics systems using advanced sensors.
 

• Saudi Arabia gyroscope market was valued at USD 46.8 million in 2024.Saudi Arabia market is fueled by the government supports digital transformation and factors like as government-supported initiatives and industry 4.0, along with the expansion of oil and gas with advanced monitoring systems.
   
• Companies should focus on improving gyroscope precision and durability in their use, developing solutions specific to the oil and gas industry, integrating emerging sensor technologies for digital transformation initiatives, and innovating for smart infrastructure and automation use cases.
   
• South Africa market is anticipated to grow at a CAGR of 4.8% during the forecast period of 2025-2034. The market growth is attributed to expansion of defense technology sector, growing investments in renewable energy projects and advancements in healthcare technology.
   
• Manufacturers must focus on developing intelligent gyroscope technologies for applications in defense and healthcare, while enhancing energy-efficient sensor solutions for renewable projects and innovating integration with emerging smart technologies, to satisfy the requirements for the growing demands in the South Africa market.
   
• UAE market is anticipated to grow at a CAGR of 5.1% during the forecast period of 2025-2034, due to expansion of aerospace and defense sectors, growth in consumer electronics and IoT devices, and rising demand to develop advanced sensor technologies and navigation technologies. 
   
• Manufacturers must focus on developing gyroscopes for high-precision applications, enhancing integration with aerospace and defense systems, innovating IoT-compatible sensor technologies, and focusing on advanced navigation solutions, to satisfy requirements for growing demand in the UAE market.
   

Gyroscope Market Share

The top 5 players in the gyroscope industry are Murata Manufacturing Co. Ltd, STMicroelectronics NV, Honeywell International Inc., Analog Devices Inc., and Bosch Sensortec GmbH which collectively held 47.2% of the global market in 2024.
 

• Murata Manufacturing Co. Ltd led the market with a 14.6% share in 2024, with its robust range of MEMS-based gyroscopes available for consumer electronics, automotive and other industrial applications being used in large volumes. It has a commitment to miniaturization, power consumption and reliability which puts them in high favour for suppliers of smartphones, gaming consoles, and wearables. Its global size and scale of manufacturing, integration of supply chain, and arrangements with major OEMs only helps to reinforce its advantages to act as the market leader.
   
• STMicroelectronics NV held a market share of 11.6% in 2024. STMicroelectronics is the market leader with its wider-ranging portfolio of MEMS gyroscopes integrated in smartphones, AR/VR systems, and automotive safety systems. They are strong in multi-axis motion sensors that combine gyroscopes, accelerometers, and magnetometers, all of which combine to achieve high performance with low energy consumption. STMicroelectronics robust presence in consumer electronics and automotive ADAS systems solidifies its position as a key enabler of next generation motion sensing technologies.
   
• Honeywell International Inc. captured 8.5% of the market in 2024, because of its cutting-edge fiber optic and ring laser gyroscopes, which are common in aerospace, defense, and industrial navigation applications. Its recognition for reliability, precision, and ruggedized solutions maintains its stronghold in mission-critical systems like aircraft, UAVs, submarines, and space platforms. Honeywell's R&D investments, along with its longtime partnerships in defense, help keep it in the upper tier of gyroscopes.
   
• Analog Devices Inc. held a market share of 7% in 2024 by providing high-performance MEMS gyroscopes tailored for industrial, automotive, and defense applications. Its solutions are known for exceptional accuracy, stability, and resistance to environmental factors, making them suitable for navigation, robotics, and ADAS technologies. ADI’s focus on sensor fusion integrating gyroscopes with accelerometers and IMUs strengthens its value proposition across multiple industries, reinforcing its competitive edge.
   
• Bosch Sensortec GmbH reported a market share of 5.4% in 2024, providing compact, low-cost and low-power MEMS gyroscopes. Its products are used in smartphones, wearables, drones, and smart home devices, leveraging Bosch's industrial experience in automotive and sensor products. Bosch Sensortec's strong R&D capabilities and the global supply routes it has developed with leading consumer technology manufacturers placed in a better position than many of its competitors in the large-volume MEMS sensor market.
   

Gyroscope Market Companies

Major players operating in the gyroscope industry are:

• Murata Manufacturing Co. Ltd
• STMicroelectronics NV
• Honeywell International Inc.
• Analog Devices Inc.
• Bosch Sensortec GmbH
• InvenSense Inc.
• Northrop Grumman Corporation
• NXP Semiconductors NV
• TE Connectivity Ltd.
• InnaLabs
• Silicon Sensing Systems Ltd.
• Trimble Inc.
• Epson America Inc.
• EMCORE Corporation
• Systron Donner Inertial
   

• Murata Manufacturing Co. Ltd, STMicroelectronics NV, Honeywell International Inc., Analog Devices Inc., and Bosch Sensortec GmbH are market leaders, due to their R&D capabilities and proprietary technologies, broad product portfolios; relationships with industries, established global distribution network.
   
• InvenSense Inc., NXP Semiconductors NV, TE Connectivity Ltd, and Trimble Inc. are considered challengers, and with their innovative MEMS technologies and collaborations they have been able to diversify their product offerings into automotive, consumer electronics and industrial applications, and are now able to compete with the industry's market leaders.
   
• Northrop Grumman Corporation and Epson America Inc. are followers that build on their established position within defense and precision electronics and are looking to expand and grow their existing technology and niche markets in defense and industrial sectors and are not attempting to reduce accomplishments of the market leaders.
   
• InnaLabs and Silicon Sensing Systems Ltd. are niche players providing high precision gyroscopes for aerospace, defense and industrial markets. Their customized offering in this narrow space focuses on customized high integrity and reliable accuracy solutions, but they have limited market scope due to the uniqueness of the applications requiring high accuracy and reliability but limited market demand.
   

Gyroscope Industry News

• In January 2024, Murata Manufacturing Co., Ltd. launched the SCH16T-K01, which is a next-generation 6DoF inertial sensor with a 3-axis gyroscope and a 3-axis accelerometer. The SCH16T-K01 has been designed to suit high-precision machine control and positioning applications and to provide improved performance, low noise density and high dynamic range, which makes it well suited for industrial applications such as construction and agricultural machines.
   
• In September 2023, Honeywell collaborated with Civitanavi Systems to launch the HG2800 series of inertial measurement units (IMUs). Tactical-grade IMUs, with low noise, high bandwidth, and high performance characteristics, are specifically designed for precision pointing, stabilization, and short-duration navigation in a commercial or military aviation setting.
   

The gyroscope market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2034, for the following segments:

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Market, By Technology type

• MEMS gyroscopes
• Fiber optic gyroscopes (FOG)
• Ring laser gyroscopes (RLG)
• Dynamically tuned gyroscopes (DTG)
• Hemispherical resonator gyroscopes (HRG)
• Others

Market, By Axis Configuration

• Single-axis gyroscopes
• Dual-axis gyroscopes
• Three-axis gyroscopes
• Multi-axis gyroscopes

Market, By Application

• Motion sensing & gesture control
• Navigation & inertial measurement
• Stabilization & control systems
• Others

Market, By End-Use Industry

• Consumer electronics
  • Smartphones and tablets
  • Wearable devices
  • AR/VR
  • Camera stabilization systems
  • Others
• Automotive and transportation
  • Passenger vehicles
  • Commercial vehicles
  • Rail transport and metro systems
  • Others
• Aerospace and defense
  • Aircrafts
  • UAVs
  • Spacecrafts
  • Ships & submarines
  • Others
• Industrial and robotics
  • Industrial robots
  • Industrial machines & equipments
  • Others
• Healthcare and medical devices
  • Surgical navigation systems
  • Medical imaging equipment
  • Others
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE