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The global gyroscope market size was valued at USD 5.32 billion in 2024. The market is projected to grow from USD 5.75 billion in 2025 to USD 11.28 billion by 2032, exhibiting a CAGR of 10.1% during the forecast period.
WE ARE IN THE PROCESS OF REVAMPING Gyroscope Market WITH RESPECT TO RUSSIA-UKRAINE CONFLICT
Request SampleA gyroscope is a device used to measure or maintain orientation and angular velocity. Particularly in the aerospace and defense industries, they are crucial components used in electronic stability control systems such as inertial navigation, autopilots, and missile guidance. These devices operate based on the principles of angular momentum, where a spinning rotor or beam of light resists changes to its orientation, enabling precise detection of deviations from a desired position or trajectory. It is used in various applications, from monitoring the orientation of an aircraft guiding a UAV during its flight to satellite navigation. Inertial Measurement Units (IMUs), which integrate gyroscopes and accelerometers, are critical in aerospace and defense for providing accurate navigation data for aircraft and missiles. They are classified into various types such as ring laser, fiber optics, MEMS gyroscope, and others.
Key drivers for the gyroscope market in aerospace, defense, and automotive sectors include rising demand for precise navigation, stabilization, and control systems, especially with the growth of drones, UAVs, and advanced driver assistance systems. Major players such as Honeywell International, Northrop Grumman, Thales Group, Safran Electronics & Defense, Murata Manufacturing, Bosch Sensortec, Analog Devices, and STMicroelectronics are leading through continuous innovation and strategic expansion.
Adoption of Fiber Optics Gyroscopes in Aerospace & Defense Industry
In the aerospace & defense sector, a significant trend is the shift toward advanced optical solutions, such as fiber optic and ring laser types, which offer superior precision and reliability compared to traditional mechanical options. These technologies are increasingly used in critical applications such as aircraft navigation, missile guidance, and UAV stabilization. Their resistance to electromagnetic interference makes them ideal for demanding military environments. The trend is also driven by the rise of autonomous and unmanned systems, which require robust and accurate inertial navigation. As a result, manufacturers are investing heavily in R&D to improve performance and achieve further miniaturization. This ongoing innovation is shaping the future of navigation and control in aerospace and defense.
Rising Adoption of Unmanned Aerial Vehicles (UAVs) and Drones to Stimulate Market Growth
There has been a rise in the adoption of unmanned aerial vehicles (UAVs) and drones across various sectors. In defense, UAVs are increasingly being used for surveillance, reconnaissance, and combat operations due to their versatility and cost-effectiveness. In commercial sectors, these are used for applications such as agriculture, construction, logistics, and aerial photography. This widespread adoption is driven by advancements in technology, reduced costs, and regulatory support.
Gyroscopes play a significant role in UAVs by providing precise navigation and stabilization. They measure angular velocity and orientation to provide stable flight and accurate positioning. This is particularly important in GPS-denied environments or during complex maneuvers. The increasing demand for UAVs directly correlates with the demand for the gyroscope for UAVs. As more UAVs are produced and deployed, the need for gyroscopes to equip these systems also rises. The requirement further pushes this demand for high precision and reliability in both defense and commercial applications. Therefore, the surge in UAV and drone adoption is expected to be a significant driver for the market.
High Cost of Advanced Gyroscope Systems to Limit Market Expansion
The high cost of advanced gyroscope systems is a significant restraint on the market growth. This high cost limits the adoption of these systems, particularly in cost-sensitive industries or smaller-scale applications. Numerous industries, especially smaller businesses or those with limited budgets, are cost-sensitive. The expense of such systems can deter such potential buyers, thereby restricting the expansion into new sectors or applications where cost is a critical factor.
Moreover, companies might delay investments in these due to budget constraints, which can slow down the adoption rate of these systems and impact overall market growth. Furthermore, the technological complexity and manufacturing costs associated with advanced gyroscopes contribute significantly to their high price.
Integration of Gyroscopes in Autonomous Systems Expected to Positively Impact Market Growth
There is constant rapid advancement and adoption of autonomous technologies across various sectors, including robotics, drones, unmanned aerial vehicles (UAVs), and electric vertical take-off and landing (eVTOL) aircraft. This presents a significant opportunity for the market. Autonomous systems require precise navigation, stabilization, and motion control to operate effectively, and gyroscopes are critical components that aid in achieving these capabilities.
They enable these systems to maintain stable orientations and precise positioning, even in environments with low or unreliable GPS signals. This is particularly important for applications such as high-accuracy surveying and mapping, where precise navigation is essential. Their integration into autonomous vehicles also supports advanced safety features and enhances overall system reliability. Moreover, hemispherical resonating gyroscopes are also widely used in aerospace and defense for precision navigation and stabilization due to their low noise and high-performance characteristics.
Moreover, in January 2024, ANELLO Photonics launched the ANELLO X3, the world’s smallest and lightest 3-axis optical gyroscope IMU, designed for precision navigation in GPS-denied and contested environments. Leveraging its patented Silicon Photonics Optical Gyroscope (SiPhOG) technology, the ANELLO X3 offers ultra-low drift and high accuracy, making it ideal for autonomous applications across aerial, maritime, and terrestrial domains. This trend is expected to drive significant growth in the market as manufacturers seek to develop more accurate, compact, and reliable gyroscopic systems to meet the evolving needs of autonomous applications.
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Ring Laser Gyro Dominated Owing to Its High Accuracy, Reliability, and Compact Design
By technology, the market is segmented into mechanical gyro, ring laser gyro, fiber optics gyro, MEMS, and others.
Ring laser gyro is the largest segment due to its ability to deliver precise rotational measurements without mechanical wear and tear. Their compact and lightweight design makes them suitable for mobile platforms such as aircraft and missiles. Moreover, its increase in integration with GPS to enhance navigation accuracy in hybrid systems for addressing the needs of advanced aerospace technologies drives the growth of the segment.
On the other hand, the fiber optic gyro (FOG) segment is expected to witness growth with the highest CAGR over the forecast period due to high sensitivity and immunity to electromagnetic interference. The segment is gaining traction, owing to its durability and lightweight properties. FOGs are widely adopted in UAVs, autonomous vehicles, and marine navigation systems. For instance, in December 2023, the U.S. Navy conducted at-sea testing of Northrop Grumman's WSN-12 Inertial Navigator System, featuring a fiber-optic gyroscope (FOG) that significantly enhances navigation precision in GPS-denied environments. The WSN-12 replaces the older ring-laser gyroscope technology, offering improved accuracy for ship and submarine navigation, weapon guidance, and stealth operations. It is scheduled for installation in 2025.
Airborne Segment Dominates the Market Due to Growing Adoption of Heavy-lift Helicopters for Transportation and Rescue Operations
By platform, the market is segmented into airborne, ground, maritime, and space.
The airborne segment dominates the market due to the increasing adoption of advanced navigation systems in aircraft, drones, and UAVs. Gyroscopes are critical for maintaining orientation, stability, and precise navigation in airborne systems, especially in GPS-denied environments. The rise in global air traffic and the expansion of commercial aviation are driving demand for gyro systems in modern aircraft. Additionally, the defense sector's growing reliance on UAVs for surveillance and combat missions has further fueled this segment's expansion.
Increasing Investments in Advanced Navigation Systems Fueled Aerospace & Defense Segment Growth
Based on end user, the market is segmented into aerospace & defense, consumer electronics, marine/naval, automotive, and others.
The aerospace and defense segment dominated the market due to increasing investments in advanced navigation systems for military and commercial applications. Gyroscopes are critical for ensuring precise orientation, stability, and navigation in aircraft, UAVs, missiles, and spacecraft. The growing adoption of unmanned aerial vehicles (UAVs) for surveillance, reconnaissance, and combat missions has further fueled segment growth.
Moreover, rising global defense budgets and advancements in aviation technologies have led to increased production of missiles that rely on gyroscopes for hybrid GPS/INS systems. For instance, in 2024, the Defence Research and Development Organisation (DRDO) announced it had been actively developing advanced navigation systems for missiles using fiber optic gyroscopes (FOGs). These systems are designed to enhance the precision and reliability of missiles by providing accurate inertial navigation, especially in environments where GPS signals are compromised.
The automotive segment is experiencing strong growth in the market, driven by increasing integration in advanced driver assistance systems (ADAS), stability control, and autonomous driving technologies. Rising vehicle production and demand for safety and navigation features are key contributors.
By geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
North America Gyroscope Market Size, 2024 (USD Billion)
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North America dominated the global market with a 38.7% share in 2024 due to its robust aerospace and defense industries, with significant investments in advanced navigation systems for aircraft, missiles, and UAVs. The U.S. ranks among the top 10 largest spenders in total global military expenditure. Military spending by the U.S. reached USD 968 billion in 2024. The U.S. Department of Defense's focus on modernizing military technologies, including high-precision inertial navigation systems (INS), drives demand for gyroscopes such as MEMS and fiber optic.
Europe's strong aerospace sector, led by countries such as France, Germany, and the U.K., contributes significantly to the gyroscope market growth. The region is home to major aircraft manufacturers such as Airbus, which integrates these systems into navigation and stabilization systems. Rising defense budgets across Europe, particularly in response to geopolitical tensions, are driving investments in advanced missile systems and UAVs that rely on gyroscopic technologies.
Asia Pacific is the fastest-growing region in the market due to increasing investments in the defense and aerospace sectors by countries such as China, India, and Japan. India’s rapid expansion in aviation, with record-breaking aircraft orders from Air India and Indigo, has boosted demand for gyroscopes in navigation systems, which is expected to drive the Asia Pacific gyroscope market growth. Additionally, China's focus on military modernization and satellite launches further accelerates the adoption of gyroscopic technologies.
In South America, gyroscopes are increasingly used in UAVs for agricultural monitoring and industrial applications. The Middle East & Africa region is witnessing growth driven by rising defense budgets and oil exploration projects that require robust navigation technologies. For example, fiber optics is being adopted for precise navigation in harsh environments. Such factors are expected to drive the growth of the market in the rest of the world region.
Continuous Development and Introduction of New Products by Key Companies Resulted in Their Dominating Positions in the Market
The market report features prominent players such as Honeywell International Inc., Northrop Grumman Corporation, Thales Group, Safran Electronics & Defense, Murata Manufacturing Co. Ltd., Analog Devices Inc., Robert Bosch GmbH, and STMicroelectronics N.V. Companies, including Honeywell and Bosch lead in developing high-performance gyroscopes, including MEMS and fiber optic, for diverse applications such as defense, aerospace, and consumer electronic. Major players engage in collaborations and acquisitions to expand their product portfolios, strengthen their global presence, and increase their gyroscope market share. Companies are investing significantly in research and development to create high-precision gyroscopes that meet the stringent requirements of aerospace and defense applications.
The global gyroscope market research report provides an in-depth technical analysis of the market, covering its size, growth trends, and future projections. It explores the various types of gyroscopes, including mechanical, ring laser, and fiber optic, and their applications across different industries. The report discusses key drivers such as technological advancements and increasing demand for precision navigation systems. It also examines the role of these systems in emerging technologies such as autonomous vehicles and drones. It also identifies factors contributing to market growth during the forecast period.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 10.1% from 2025-2032 |
Unit | Value (USD Billion) |
Segmentation | By Technology
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By Platform
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By End User
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By Geography
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Fortune Business Insights says that the global market value stood at USD 5.32 billion in 2024 and is projected to reach USD 11.28 billion by 2032.
In 2024, the market value stood at USD 2.06 billion.
The market is expected to exhibit a CAGR of 10.1% during the forecast period of 2025-2032.
By technology, the ring laser gyro segment led the market.
The key factor driving the market is the increase in the adoption of unmanned aerial vehicles (UAVs) and drones.
EMCORE Corporation and Honeywell International Inc. are the top players in the market.
North America dominated the market in 2024.
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