"Comprehensive Outlook on Executive Summary Hemispherical Resonating Gyroscopes Market Size and Share

Data Bridge Market Research analyses that the hemispherical resonating gyroscopes market was valued at USD 1.37 billion in 2021 and is expected to reach the value of USD 2.20 billion by 2029, at a CAGR of 6.10% during the forecast period of 2022-2029

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Hemispherical Resonating Gyroscopes Industry Snapshot

• Segments*
• Based on type, the hemispherical resonating gyroscopes market can be segmented into single-axis gyroscopes, two-axis gyroscopes, and three-axis gyroscopes. Single-axis gyroscopes measure rotation around one axis, two-axis gyroscopes measure rotation around two mutually perpendicular axes, and three-axis gyroscopes measure rotation around all three axes. These different types cater to varying requirements in industries such as aerospace, defense, automotive, and consumer electronics.
• On the basis of application, the market can be categorized into aerospace & defense, automotive, marine, consumer electronics, and others. Hemispherical resonating gyroscopes play a crucial role in navigation systems, inertial measurement units, camera stabilization, and virtual reality applications across these sectors, thereby driving their demand in the market.
• By end-user, the hemispherical resonating gyroscopes market can be segmented into commercial and industrial sectors. The commercial sector includes applications such as smartphones, wearables, and gaming devices, while the industrial sector encompasses aerospace, defense, automotive, and marine industries that require high-precision navigation and stabilization solutions.
• Market Players*
• Northrop Grumman Corporation
• Analog Devices, Inc.
• Safran Colibrys SA
• VectorNav Technologies, LLC
• Innalabs Gmbh
• Kvh Industries, Inc.
• Murata Manufacturing Co., Ltd.
• Silicon Sensing Systems Ltd
• L3 Technologies, Inc.