Global Dynamically Tuned Gyroscopes Market, By Application (Internal Navigation Sensors, Air Conditioning Compressor Sensor, Brake Force Sensors and Suspension Control Accelerometers, Fuel Level and Vapor Pressure Sensors, Airbag Sensors, Intelligent Tires, Others), Output Type (Analog, Digital), Dimensions (1 Axis, 2 Axis, 3 Axis), End-User Vertical (Consumer Electronics, Automotive, Aerospace and Defence, Industrial, Marine, Other End-User Verticals) – Industry Trends and Forecast to 2029.
Dynamically Tuned Gyroscopes Market Analysis and Size
Gyroscopes were originally developed for military and defence applications, but because of the potential benefits they provide, they are now widely used in commercial and industrial sectors as well. Automotive, manufacturing, medical, and robotics are just a few of the key industries where gyroscope demand is skyrocketing. Demand for these gyroscopes is being driven by the growing demand for technologically advanced solutions to improve operational efficiency in a variety of industries, as well as the growing trend of industry automation.
Data Bridge Market Research analyses that the dynamically tuned gyroscopes market was valued at USD 1.25 billion in 2021 and is expected to reach the value of USD 2.02 billion by 2029, at a CAGR of 6.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Dynamically Tuned Gyroscopes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Internal Navigation Sensors, Air Conditioning Compressor Sensor, Brake Force Sensors and Suspension Control Accelerometers, Fuel Level and Vapor Pressure Sensors, Airbag Sensors, Intelligent Tires, Others), Output Type (Analog, Digital), Dimensions (1 Axis, 2 Axis, 3 Axis), End-User Vertical (Consumer Electronics, Automotive, Aerospace and Defence, Industrial, Marine, Other End-User Verticals)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Bosch Sensortec GmbH (Germany), Colibrys Ltd. (Switzerland), Moog Inc. (U.S.), Epson Electronics America, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Maxim Integrated Products Inc. (U.S.), Sensonor AS (Norway), LORD Corporation MicroStrain(r) Sensing Systems (U.S.), InvenSense Inc. (U.S.), Murata Manufacturing Company, Ltd. (Japan), Systron Donner Inertial (U.S.), Panasonic Corporation (Japan), Silicon Sensing Systems Ltd. (U.K.), VectorNav Technologies (U.S.), STMicroelectronics (Switzerland), Kionix, Inc. (U.S.)
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Market Opportunities
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Market Definition
The flexure spring stiffness is independent of spin rate, but the dynamic inertia spring stiffness is not, so the two cancel at a specific speed (the tuned speed). The result is a dynamically tuned gyro (DTG), also known as a tuned rotor gyro or a dry tuned gyro. Electrostatic forces generated by electrodes deposited directly onto separate fused-quartz structures that surround the shell drive this shell to a flexural resonance. The inertial property of the flexural standing waves produces the gyroscopic effect.
Global Dynamically Tuned Gyroscopes Market Dynamics
Drivers
- High adoption rate from the aviation industry
The increasing demand for INS performance has influenced gyroscope technological advancements. The aviation industry, which is the primary consumer of INS systems, has played an important role in market growth and is expected to remain a key driver for the global market. A significant market driver has been identified as the rapidly increasing use of drones and unmanned aerial vehicles (UAVs) in the defence and commercial sectors.
- Advantageous properties and high adoption from various verticals
The technology is in high demand due to its numerous advantageous properties, including cost-efficiency, low energy consumption, light weight, and compact size. Sailing boats, consumer electronics, satellites, automobile inertial navigation, aircraft, and military missiles all use these devices.
The use of technology in robotics, camcorder stabilisation, platform stability, virtual reality, and 3D input devices, among other areas, has a significant market impact. These are also used in digital cameras to detect hand rotation and to stabilise images. Furthermore, rapid urbanisation, lifestyle changes, increased investments, and increased consumer spending all benefit the dynamically tuned gyroscopes market.
Opportunities
- Technical Advancements
As a result of increased market investment, technical advancements result in improved performance and lower prices. This is boosting the market for gyroscope systems in a variety of industries, propelling market growth.
Restraints
- Complex manufacturing
In the forecasted period, market restraints for dynamically tuned gyroscopes include a complex manufacturing process as well as a high capital investment requirement.
This dynamically tuned gyroscopes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dynamically tuned gyroscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Dynamically Tuned Gyroscopes Market
The COVID-19 virus had a negative impact on the dynamically tuned gyroscopes market due to the strict lockdowns and social distancing implemented to contain the virus's spread. Economic uncertainty, a partial business shutdown, and low consumer confidence all impacted demand for dynamically tuned gyroscopes technology. During the pandemic, the supply chain was hampered, as were logistics activities. However, due to the relaxation of restrictions, the market for dynamically tuned gyroscopes is expected to pick up speed in the post-pandemic scenario.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures
Recent Development
- In April of 2022, STMicroelectronics N.V. developed a MEMS device with an accelerometer and a high-accuracy temperature sensor for greater precision. It helps with temperature adaptation by taking advantage of the sensor's higher precision. The accelerometer provides unparalleled versatility with 65 different user modes, allowing developers to minimise power consumption and noise to match application-specific needs.
- In January 2019 Honeywell launched an online marketplace for buying and selling new and used aircraft components.
Global Dynamically Tuned Gyroscopes Market Scope
The dynamically tuned gyroscopes market is segmented on the basis of output type, dimensions, application, and end-user vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Dimensions
- 1 Axis
- 2 Axis
- 3 Axis
Output type
- Analog
- Digital
Application
- Internal Navigation Sensors
- Air Conditioning Compressor Sensor
- Brake Force Sensors and Suspension Control Accelerometers
- Fuel Level and Vapor Pressure Sensors
- Airbag Sensors
- Intelligent Tires
- Others
End-user Vertical
- Consumer Electronics
- Automotive
- Aerospace and Defence
- Industrial
- Marine
- Other End-User Verticals
Dynamically Tuned Gyroscopes Market Regional Analysis/Insights
The dynamically tuned gyroscopes market is analysed and market size insights and trends are provided by country, output type, dimensions, application, and end-user vertical as referenced above.
The countries covered in the dynamically tuned gyroscopes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific will dominate the dynamically tuned gyroscopes market due to the adoption of advanced technology and rising applications from various industries,
Europe is expected to see significant growth from 2022 to 2029 because of the high penetration of gyroscopes in hand-held devices in the region,
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dynamically Tuned Gyroscopes Market Share Analysis
The dynamically tuned gyroscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dynamically tuned gyroscopes market.
Some of the major players operating in the dynamically tuned gyroscopes market are:
- Bosch Sensortec GmbH (Germany)
- Colibrys Ltd. (Switzerland)
- Moog Inc. (U.S.)
- Epson Electronics America, Inc. (U.S.)
- Texas Instruments, Inc. (U.S.)
- Maxim Integrated Products Inc. (U.S.)
- Sensonor AS (Norway)
- LORD Corporation MicroStrain(r) Sensing Systems (U.S.)
- InvenSense Inc. (U.S.)
- Murata Manufacturi.ng Company, Ltd. (Japan)
- Systron Donner Inertial (U.S.)
- Panasonic Corporation (Japan)
- Silicon Sensing Systems Ltd. (U.K.)
- VectorNav Technologies (U.S.)
- STMicroelectronics (Switzerland)
- Kionix, Inc. (U.S.)
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