Gyro Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Gyro Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • April 2038
  • Semiconductors
  • 0 pages

Report Description

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Gyro Sensors mainly sense the rotational motion and changes in orientation that human finds difficulty to sense. Gyro sensors sensing devices effectively augment human motion. The Gyro Sensors market is expected to witness a steady growth during the forecast period from 2018 to 2026. Gyro sensors are primarily used in sensing devices to measure angular velocity. Essentially, angular velocity is transmitted into an electrical signal output. Angular velocity is generally expressed in deg/s (degrees per second). Gyro sensors find application in aerospace, transportation, automotive, robotics, and electronic product among others. In order to provide detailed analysis of the market, the gyro sensing market is segmented on the basis of sensing range, output type, supply current, type and geography. Various categories of gyro sensors market on the basis of sensing range include ±2000 °/s, ±300 °/s, ±100 °/s, and  500 °/s. Different output type use in gyro sensors can be divided into Analog Output, Digital Output, Linear and Radiometric among others. Gyro sensors are segmented on the basis of supply current ranging from 4.2 mA to 10 mA. The gyro sensors come in variety of type can be segmented into ring laser gyros, fiber- optic gyros, fluid gyros and vibration gyros.  

Essentially, there are several kind of gyro sensor in the market. Ring laser gyros are used in space shuttle and large aircrafts, fiber optic gyros used in motor boat and medium sized racing cars. Across the globe, increasing demand of robotics, camera, mobile phones is significantly driving the small size vibration gyros. Motor sensing equipment and radio controlled helicopters technologies are rising up the demand for fluid gyros market. Vibration gyro sensors having good characteristics such as scale factors, temperature frequent coefficient, compact size, shock resistance capabilities, stabilities and noise characteristics factor are increasing the uses in electrical consumer goods across the globe. Furthermore, vibration gyros is expected to grow in areas such as vehicle car navigation support systems, robots motion controlling and vehicle driver safety solution systems. Consequently, utilization of gyro sensor as a motion control solution in gaming serves as opportunity for the market. The growth witnessed in the mobile gaming is expected to positively influence the revenue of gyro sensors during the forecast period. Inventors have tested gyro-stabilized vehicles with limited success. In future developing of self-balancing motorcycles and monorail car balancing would stabilize by gyro scope. This in turn is fuelling the demand of gyro sensors market. Further, integration drift error in navigation system is hindering the growth of gyro sensors market.

Geographically, gyro sensors market is segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA) and South America. In addition, the gyro sensors market is majorly driven by Asia Pacific. Asia Pacific is estimated to be the significantly attractive market for gyro sensors manufacturers mainly because of the large-scale industrialization in this part of the world. In addition, increasing focus on research and development activities by government initiative in aerospace and defense is also acting as a driving factor in the growth of gyro sensors market for France, Russia, and the US market. Asia Pacific is predicted to witness the most promising gyro sensors market in the coming years, owing to increasing number of automotive and consumer goods manufacturers. Across the globe, Japan, Korea and china is most promising developing countries in robotics and is expected to dominate the gyro sensors market share within next forecast period. Owing to significant growth of small electrical product such as mobile phones, camera, car navigation product is also expected to create a better opportunity for various gyro sensors manufacturers across the globe.

Across the globe gyro sensors market is dominating by few market leaders. Some of the leading players in the market are Murata Manufacturing (Japan), ams AG (Australia), Seiko Epson Corp (Japan), MELEXIS (Belgium), Northrop Grumman LITEF GmbH (Germany), STMicroelectronics (Switzerland), InvenSense, Inc. (U.S.) and Bosch (Germany) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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