PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887106
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887106
The global gyroscope market continues to grow rapidly as demand rises for precision navigation, stabilization, and motion control systems across aerospace, defense, automotive, and industrial applications. According to the 2024 market assessment, the global gyroscope market size reached USD 5.32 billion in 2024, supported by strong military spending, drone proliferation, and widespread use of gyroscopes in inertial navigation units. The market is projected to increase to USD 5.75 billion in 2025, eventually expanding to USD 11.28 billion by 2032, reflecting a CAGR of 10.1% during 2025-2032. In 2024, North America dominated the market with a 38.72% share, driven by advanced aerospace capabilities and high adoption of modern navigation technologies.
Market Drivers
Rising UAV and Drone Adoption
The global rise in unmanned aerial vehicles (UAVs) for surveillance, reconnaissance, industrial inspections, logistics, and agriculture has significantly increased demand for gyroscopes. These devices provide essential stabilization and orientation control during flight, especially in GPS-denied environments. Their ability to measure angular velocity and rotation makes them indispensable for drones and UAVs. As drone production increases across defense and commercial sectors, gyroscope usage continues to accelerate.
Demand for Precision Navigation in Aerospace & Defense
Gyroscopes are central components in missile systems, aircraft autopilots, satellites, and navigation systems. The modernization of military fleets and increasing investments in aerospace technologies are major drivers. The United States alone recorded USD 968 billion in military expenditure in 2024, supporting the adoption of high-performance gyroscopes for missile guidance, UAVs, and fighter aircraft.
Market Restraints
High Cost of Advanced Gyroscopic Systems
Fiber optic gyroscopes (FOGs), ring laser gyroscopes (RLGs), and hemispherical resonator gyroscopes (HRGs) are highly precise but expensive. High production and material costs limit adoption in cost-sensitive industries. Smaller organizations and budget-constrained defense agencies often delay procurement due to price barriers, slowing market expansion.
Market Opportunities
Expansion of Autonomous Systems
Autonomous technologies-including self-driving cars, robotics, UAVs, and eVTOL aircraft-depend heavily on gyroscopes for stabilization and precise navigation. Next-generation applications require compact, lightweight, and extremely accurate IMUs (Inertial Measurement Units). Innovations such as ANELLO Photonics' X3 3-axis optical gyroscope IMU launched in January 2024 highlight strong market opportunities in autonomous mobility, robotics, and artificial intelligence systems.
Key Market Trends
Shift Toward Fiber Optic Gyroscopes (FOG)
Fiber optic gyroscopes are increasingly preferred for their high sensitivity, low drift, durability, and electromagnetic interference resistance. Their adoption is growing in UAVs, naval platforms, satellites, and autonomous vehicles. For instance, in December 2023, the U.S. Navy tested Northrop Grumman's WSN-12 Inertial Navigator System, a FOG-based technology offering enhanced precision for ships and submarines.
By Technology
By Platform
The airborne segment dominated in 2024, driven by increasing deployment of advanced UAVs, military aircraft, and heavy-lift helicopters. Rising investments in counter-drone technologies by the U.S. Army further strengthen this segment.
By End User
The aerospace & defense sector accounted for the largest share in 2024 due to the growing need for high-precision navigation systems in missiles, aircraft, and surveillance UAVs. The automotive segment is also expanding rapidly with the integration of ADAS, autonomous driving, and stability control systems.
Regional Analysis
North America - USD 2.06 Billion in 2024
North America remained the largest regional market, supported by advanced defense technology, high UAV adoption, and strong aerospace manufacturing capabilities. The dominance of U.S. defense contractors such as Honeywell, Northrop Grumman, and Analog Devices sustains regional growth.
Europe
Europe benefits from strong aerospace production led by Airbus and rising defense budgets due to geopolitical tensions. Countries including France, Germany, and the U.K. are accelerating procurement of gyroscope-equipped UAVs and missile systems.
Asia Pacific
Asia Pacific is the fastest-growing region, driven by China's military modernization, India's booming aviation sector, and Japan's advanced robotics industry. India's record aircraft orders in 2024-2025 significantly boost demand for modern navigation systems.
Rest of the World
Growth in South America, the Middle East, and Africa is supported by UAV adoption in agriculture, oil & gas operations, and rising defense expenditures.
Conclusion
With its market value increasing from USD 5.32 billion in 2024 to USD 11.28 billion by 2032, the global gyroscope market is set for strong expansion. Advances in autonomous systems, rising UAV usage, next-generation military technologies, and demand for high-precision navigation will continue driving growth across all regions and segments.
Segmentation By Technology
By Platform
By End User
By Geography