Gyro Sensors Market: Industry Outlook, Growth Prospects and Key Opportunities

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.

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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.

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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.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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