According to Fortune Business Insights™, the global gyroscope market size was valued at USD 5.32 billion in 2024 and 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. North America dominated the market with a 38.72% share in 2024, supported by strong investments in advanced aerospace and defense navigation systems.
A gyroscope is a precision device used to measure or maintain orientation and angular velocity. It operates on the principle of angular momentum, resisting changes in its axis of rotation. Gyroscopes are essential for navigation and stability, especially in aerospace, defense, and autonomous systems. These sensors are integrated into Inertial Measurement Units (IMUs) and are widely deployed in aircraft, UAVs, missiles, satellites, and even consumer electronics.
https://www.fortunebusinessinsights.com/gyroscope-market-112982
By Technology
The gyroscope market is segmented into mechanical gyro, ring laser gyro, fiber optics gyro, MEMS, and others. Among these, the ring laser gyro segment holds the largest share due to its superior precision, wear-free operation, and compact design, which make it highly suitable for mobile platforms such as aircraft and missiles. Additionally, the increasing integration of ring laser gyros with GPS systems in hybrid navigation solutions further enhances their performance, particularly in aerospace and defense applications.