According to a new market report by Lucintel, the future of the gyroscope sensor market looks promising with opportunities in the consumer electronics, automotive, aerospace & defense, industrial, and marine industries. The global gyroscope sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 5% from 2020 to 2025. The major growth drivers for this market are growing adoption of drones and unmanned aerial vehicles (UAVs) in the defense and commercial sectors and rising vehicle production.
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In this market, MEMS gyroscope, fiber optic gyroscope (FOG), ring laser gyroscope (RLG), hemispherical resonating gyroscope (HRG), and dynamically tuned gyroscopes (DTG) are the major technologies. Lucintel forecasts that MEMS gyroscope technologies are expected to witness the highest growth during the forecast period due to highly efficient and compact MEMS technology.
Within the gyroscope sensor market, consumer electronics will remain the largest end use industry, and it is expected to witness the highest growth over the forecast period due to increasing use of gyroscope sensors in gaming devices.
Asia Pacific is expected to witness the highest growth over the forecast period, supported by growth of the automotive and consumer electronics industries.
Figaro Engineering, Ntroduction, Bosch Sensor Tec Gmbh, City Technology, Dynament, Msa, Membrapor Ag, Sensirion Ag, Alpha sense, Amphenol Advanced Sensors, Cambridge Cmos Senso, Ams Ag, and Sense air Ab are among the major manufacturers of the gyroscope sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global gyroscope sensor market by technology, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Gyroscope Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global gyroscope sensor market by technology, end use industry, and region as follows:
By Technology [$M shipment analysis for 2014 – 2025]:
MEMS Gyroscopes
Fiber Optic Gyroscopes (FOG)
Ring Laser Gyroscopes (RLG)
Hemispherical Resonating Gyroscopes (HRG)
Dynamically Tuned Gyroscopes (DTG)
Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Consumer Electronics
Automotive
Aerospace & Defense
Industrial
Marine
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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