The global automobile gyroscope market is expected to grow at a significant CAGR during the forecast period (2021-2027). Gyroscopes are sensors that are used to measure orientation in a variety of devices. Gyroscopes have come a long way since their origin, owing to gradual technological advancements. As a result, they have become one of the most important components of navigation systems. Gyroscopes are key rotation sensing elements used in navigation systems, particularly inertial navigation systems (INS), attention and heading reference systems (AHRS), and inertial measurement units (IMUs) for human and unmanned aircraft, spacecraft, marine, and surface vehicles. The ring laser gyro (RLG) is used to measure rotation. It is an easy-to-use compact unit for the automobile industry owing to its economical high-performance inertial sensor with electronics, power supply, and sense element.

Automotive gyroscopes are used to measure the vehicle angular rate or angular velocity. They are also used for dynamic stabilization and torque neutralization. Gyro-meters are MEMS gyroscopes that are housed on a microchip. The automotive gyroscope market is growing owing to increased vehicle automation and improved safety. MEMS gyroscope is commonly employed in modern electronics devices or devices with limited space. MEMS gyroscope technology is used in devices such as tachometers and potentiometers. The need for MEMS gyroscopes is being driven by advances in advanced vehicle technology as well as the inclusion of smart devices. As the demand for electric vehicles grows, the demand for MEMS gyroscopes is also growing significantly for efficient power handling and balancing.

Overall, there is fierce competition among the existing competitors. In April 2019, ST Microelectronics N.V. introduced a MEMS device featuring an accelerometer and a high-accuracy temperature sensor for improved precision. It aids in temperature correction by utilizing the sensor's high precision. With 65 various user modes, the accelerometer offers unprecedented versatility, allowing developers to minimize power consumption and noise to match application-specific needs.

Market Coverage

• Market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Type – 2 Axle, 3 Axle, 6 Axle, and Others

o By Technology – MEMS Gyroscope, Fiber Optic Gyroscope (FOG), Ring Laser Gyroscope (RLG), Hemispherical Resonating Gyroscope (HRG), Dynamically Tuned Gyroscopes (DTG), and Other Technologies

o By Application – Commercial Vehicle and Passenger Vehicle

• Competitive Landscape- Analog Devices Inc., Continental AG, Denso Corp., and Honeywell International Inc.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automobile Gyroscope Market Report 

By Type

• 2 Axle
• 3 Axle
• 6 Axle

By Technology

• MEMS Gyroscope
• Fibre Optic Gyroscope(FOG)
• Ring Laser Gyroscope (RLG)
• Hemispherical Resonating Gyroscope (HRG)
• Dynamically Tuned Gyroscopes (DTG)
• Other Technologies

By Application

• Commercial Vehicle
• Passenger Vehicle

By Region