Gyroscope Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026


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Gyroscopes are the devices that consists of the spinning wheel in a framework that allows it to rotate it in any direction. The orientation changes with reference to the external torque and in varied direction. In other words, gyroscopes are devices that measures the rotational motion. The gyroscope sensors has evolved from the technologies such as mechanical inertial spinning equipment such as axles, optical devices, rotors, gimbals and other electronic devices. Each component accomplishes physical properties of the system permitting it to detect the rotational velocity at an axis. The design structure of the gyroscope sensor consists of the fixed rotor that supports the rings called as gimbals. These gimbals consists of bearings that frictionless and can isolate the central rotor from external torques. The axle of the rotating wheel decides the spin axis. The gyroscope sensors are used in the compasses for spacecraft, airplanes and boats or ships. The orientation and pitch of the plane is detected against the spin of the gyroscope. In spacecraft, to navigate to the desired target, the spinning center of the gyroscope is used as a point of orientation. Also, to stabilize some satellites and large boats massive gyroscope sensors are used. They are also used in guidance system in some missiles.

The major driving factor that drives the global gyroscope sensor market is the use of the highly efficient and compact MEMS technology. The other parameters that boosts the global gyroscope sensor market is its compact design and rugged construction. The use of the gyroscope in the end use industries such as consumer electronics, automotive, aerospace and defense have together contributed to the growth of the gyroscope sensor market. The major restraining factor that restricts the growth of the gyroscope sensor market is the integration drift error in the navigational system and the high sensitivity. However, the increasing use of gyroscope sensor in the gaming devices serves as opportunity for the gyroscope sensor market. Also, the self-balancing motorcycles and monorail car balancing would stabilize by gyroscope sensors.

The global gyroscope sensor market is segmented into type, product type, end use industry and geography. On the basis of type, the global gyroscope sensor market is segmented into mechanical gyroscopes, optical gyroscopes, gas-bearing gyroscope, MEMS (micro electro mechanical system) gyroscope and others. Based on product type, the global gyroscope sensor market is segmented into smartphones, tablets, cameras, game consoles, laptops, navigational devices and others. On the basis of end use industry, the global gyroscope market is segmented into consumer electronics, automotive, industrial, aerospace & defense and industrial. Geographically, the global gyroscope sensor market is segmented into North America, Europe, Middle East & Africa, Asia Pacific and Latin America. The North America gyroscope sensor market is expected to dominate in terms of revenue in the coming years. This is due to the already developed technology advancement in the North America. Asia Pacific is anticipated to show noteworthy development in the gyroscope sensor market in the coming years due to the growing number of automobiles due to the emerging economies such as China, India and Japan.

Some of the key players operating in the global gyroscope sensor market are Aeron Systems, Honeywell International Inc, Moog Inc, Bosch Sensortec GmbH, Sensonor, ST Microelectronics, Vectornav Technologies, Analog Devices Inc., NXP Semiconducotrs, and Kionix Inc. among others.

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