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The global gyroscope market is expected to grow from $2.61 billion in 2021 to $2.77 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The global gyroscope market size is expected to grow to $3.76 billion in 2026 at a CAGR of 7.9%.

The rapidly growing adoption of drones and unmanned aerial vehicles (UAVs) in the defense and commercial sector has been expected to be a major driver in the market.

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The gyroscope market consists of sales of gyroscopes by entities (organizations, sole traders, and partnerships) that use devices to track the twists, turns, and rolls of an object in motion. Gyroscopes are devices organized on a frame and are capable of sensing an angular velocity if the frame is rotating. Gyroscope is used in compasses, automatic pilots on ships, aircraft, and ballistic missiles, in the steering mechanisms of torpedoes, and in the inertial guidance systems installed in space launch vehicles, orbiting satellites, and virtual reality experiences.

Global Gyroscope Market Segments Include:

By Type: Micro-Electro-Mechanical System (MEMS) Gyroscopes, Fibre Optic Gyroscope, Ring laser Gyroscope, Hemispherical Resonating Gyroscope, Dynamically Tuned Gyroscope

By Application: Electronics, Aerospace, Industrial Manufacturing, Automotive, Mining, Marine

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global gyroscope market in 2021.

Technological innovation is shaping the gyroscope market. The performance of INS (Inertial navigation system), attention and heading reference systems (AHRS), or inertial measurement units (IMUs) for manned and unmanned aircraft, spacecraft, marine, and surface vehicles has influenced technological innovations in gyroscopes.

TBRC’s Gyroscope Market Report Covers:

Major Market Players: Analog Devices Inc., Colibrys Ltd, Fizoptika Corp, Honeywell International Inc, InnaLabs, InvenSense, Kionix Inc, KVH Industries Inc, Murata Manufacturing Co Ltd, Northrop Grumman Corporation, NXP Semiconductor, Robert Bosch, Sensonor AS, STMicroelectronics, Systron Donner Inertial, TDK Corporation, Trimble Inc. and Silicon Sensing Systems Limited.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Gyroscope Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides gyroscope market overviews, analyzes and forecasts market size, share, gyroscope market players, gyroscope market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s gyroscope market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Inertial Measurement Unit Global Market Report 2022

Vibration Sensor Global Market Report 2022

Pressure Sensor Global Market Report 2022

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