PARIS – The market for high-performance gyroscopes will capture growth opportunities and increase at a 4.3-percent annual rate, to $1.66 billion in 2017, according to market research firm Yole Développement (Lyon, France).
The market for Inertial Measurements Units (IMUs), traditionally dominated by defense and aerospace applications, was stable in 2011 with a size of $1.75B, said Yole Développement in its latest report,
Gyroscopes and IMUs for Defense, Aerospace & Industrial. The market is expected to experience more dynamic growth in the near term, notably because new programs are being initiated in Asia, Brazil and the Middle East for the defense and aerospace sectors. Many new applications are also being introduced, the market research firm said.
Honeywell, Northrop Grumman and Sagem are dominating the market, but many newcomers are emerging with low-cost MEMS-based products.
