Gyro Sensors Market - By Technology (Piezoelectric MEMS Gyro Sensors, Capacitive MEMS Gyro Sensors, Thermal MEMS Gyro Sensors), By Type (Single-axis, Dual-axis, Multiple-axis), By End-User & Forecast, 2024 - 2032

Gyro Sensors Market - By Technology (Piezoelectric MEMS Gyro Sensors, Capacitive MEMS Gyro Sensors, Thermal MEMS Gyro Sensors), By Type (Single-axis, Dual-axis, Multiple-axis), By End-User & Forecast, 2024 - 2032

Gyro Sensors Market size is expected to grow at over 9.5% CAGR during 2024-2032. The rising demand for unmanned aerial vehicles (UAVs) and autonomous vehicles is driving the adoption of gyroscopic technology in automotive applications. As per Ericsson, 47% of consumers express interest in self-driving cars, while 70% prefer self-driving car features like cruise control and parking assistance. The higher integration of gyro sensors in smartphones, wearable devices, and gaming consoles will favor the product demand.

With the increasing development and deployment of autonomous vehicles, including self-driving cars and trucks, gyroscopic technology has become indispensable for navigation, stability, and safety. Gyro sensors provide real-time data on a vehicle's orientation, rotation, and movement, enabling precise control and navigation in various environmental conditions. As advancements in autonomous vehicle technology continue to grow and automotive manufacturers as well as technology companies invest heavily in R&D, the demand for gyro sensors is expected to escalate in the foreseeable future.

The overall market is classified into technology, type, end-user and region.

By type segmentation, the multiple-axis gyro sensors market is poised to gain significant traction by 2032, due to their ability to measure rotation around multiple axes simultaneously. These sensors offer enhanced accuracy and reliability, making them ideal for applications, such as robotics, aerospace, and industrial automation. By providing precise angular velocity measurements along multiple axes, multiple-axis gyro sensors enable more sophisticated motion control and stabilization systems, further driving their adoption across diverse industry verticals.

Based on technology, the gyro sensors industry from the thermal MEMS (micro-electro-mechanical systems) segment is expected to expand at an unprecedented pace till 2032. Gyro sensors leverage the principle of thermal convection to detect angular velocity changes for offering a compact and cost-effective solution for motion sensing applications. Thermal MEMS gyro sensors further exhibit low power consumption, high sensitivity, and excellent temperature stability, emerging suitable for integration into portable consumer electronics, IoT devices, and wearable gadgets.

North America gyro sensors market size is set to witness over 9% CAGR till 2032, driven by the presence of leading technology companies, robust R&D investments, and the widespread adoption of advanced navigation and motion sensing technologies. The automotive industry in the region is increasingly integrating gyro sensors into vehicle navigation systems and driver assistance systems to enhance safety and performance. Moreover, the growing demand for unmanned aerial vehicles (UAVs) and drones for military and commercial applications is further propelling the regional market growth.