Ring Laser Gyroscope Market -Snapshot

Gyroscopes have been used for a long time in calculating angular rotation of a broad range of platforms ranging from naval ships to aircrafts and spacecrafts. Ring laser gyroscopes are primarily implemented in defense applications owing to their excellent measurement accuracy and of moving parts that are in mechanical gyroscopes. Manufacturers are involved in revolutionizing the technology of ring laser gyroscopes so as to minimize the problems such as injection locking associated with these devices. Although dithering has been employed by many manufacturers to minimize the locking errors, it results in increasing the weight of these devices. The global ring laser gyroscope market is anticipated to reach a market value of US$ 948.3 Mn by 2026, expanding at a compound annual growth rate of 3.5% during the forecast period 2018 to 2026.

ring laser gyroscope market

The global ring laser gyroscope market is largely driven by factors such as rising demand from defense applications focused on upgrading the existing navigation systems onboard the ships, and increasing spending on development of new defense vessels. Furthermore, incorporation of advance technology in unmanned aerial and underwater vehicles is supplementing the growth of the ring laser gyroscope market due to integration of ring laser gyroscopes in these vessels. Another factor supporting the growth of the ring laser gyroscope market is the rising demand from commercial applications, primarily commercial aircrafts and space exploration vehicles, fueled by inertial navigation system upgrade in commercial aircrafts and development of advanced ring laser gyroscopes for spacecraft.

The global ring laser gyroscope market has been segmented based on number of axis, application, end-user, and geography. Based on number of axis, the market is segmented into single axis and multi axes ring laser gyroscopes, among which single axis gyroscopes are anticipated to be the fastest growing market segment due to increasing demand from commercial applications. Based on application, the global ring laser gyroscope market is categorized into platform stabilization, missile navigation, aeronautics navigation, submarine navigation, and satellite navigation, among which satellite navigation is anticipated to dominate the market in terms of growth rate during the forecast period. Based on end-user, the market has been segmented into defense, commercial, and spacecraft. Spacecraft segment is anticipated to witness prominent growth rate during the forecast period. In terms of geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The global market in 2017 was dominated by North America owing to increased defense spending to upgrade the inertial navigation units onboard the naval vessels and defense aircrafts.

The market for ring laser gyroscopes is analyzed to be highly competitive with manufacturers focused on developing ring laser gyroscopes with reduced size and weight along with high precision and accuracy demanded from aerial applications. As a result of this, major players are engaged in extensive research and development to cater to the highly competitive market. Moreover, it has been observed that major defense contractors and government operated defense organizations, for instance Defense Research and Development Organization (DRDO) of India, are dominating the market in many parts of the globe. The research study includes profiles of leading companies operating in the global ring laser gyroscope. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis. Some of the key players in the ring laser gyroscope market are Ericco International Limited, Heppel Photonics GmbH, Honeywell International Inc., Kearfott Corporation, Mitsubishi Precision Co., Ltd, Northrop Grumman Corporation, Optics Blazer AG, Safran Electronics & Defense SAS, Sperry Marine B.V, Teledyne CDL, Inc., and Xsens Technologies B.V. Various business strategies are being adopted by the market leaders, focused on business expansion by developing strategic partnerships to offer innovative solutions in the end-use market.

Ring Laser Gyroscope Market: Overview

This comprehensive report by Transparency Market Research analyzes and forecasts the ring laser gyroscope market at the global and regional level. The report provides an analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report emphasizes on all the major trends and services playing a key role in the growth of the ring laser gyroscope market during 2018 - 2026. It also focuses on restraining factors, market drivers, and opportunities of the ring laser gyroscope market during the said period. The study provides a complete perspective about the growth of the ring laser gyroscope market throughout the research study in terms of value (in US$ Mn) across various geographies, including Asia Pacific, South America, North America, Middle East & Africa (MEA), and Europe.

The report includes a detailed value chain analysis, which offers a widespread view of the global ring laser gyroscope market. Porter’s Five Forces analysis is also provided to understand the competitive scenario in the market. The study incorporates market attractiveness analysis, wherein the market segments, for instance number of axis, application, and end-users are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a comprehensive analysis of the overall competitive scenario in the ring laser gyroscope market, every geographic region mentioned in the report, is provided with attractiveness analysis.

A market overview chapter in the ring laser gyroscope market report explains the market trends and dynamics, which includes the market restraining factors, drivers, and opportunities for the current and future ring laser gyroscope market. Additionally, the report also provides analysis of different business strategies being adopted by market leaders of the ring laser gyroscope market. Market introduction chapter assists in gaining an idea of different trends and services related to ring laser gyroscopes along with their types and applications.

Global Ring Laser Gyroscope Market: Scope of the Report

The study provides a decisive view of the global ring laser gyroscope market, by segmenting the market on the basis of number of axis, application, and end-use. Number of axis segment is further bifurcated into single axis and multi axes. Based on application, the global ring laser gyroscope market is categorized into platform stabilization, missile navigation, aeronautics navigation, submarine navigation, and satellite navigation. In terms of end-user, the market is segmented into commercial, defense, and spacecraft. The commercial and defense segments are further bifurcated into air-based and marine- based, wherein air-based end-user segment is classified into aircrafts and drones. The report provides a detailed breakdown of the ring laser gyroscope market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.

The report highlights the competitive scenario within the ring laser gyroscope market, thus ranking all the major players according to the key recent developments and their geographic presence. The insights for the ring laser gyroscope market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.

Based on country, the North America market is bifurcated into Canada, the U.S., and Rest of North America. Furthermore, Europe market is analyzed across France, Germany, the U.K., and Rest of Europe. Asia Pacific ring laser gyroscope market is also segmented at country level which includesChina, Japan, India, and Rest of Asia Pacific. Middle East &Africa region covers G.C.C.countries, South Africa, and Rest of Middle East &Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the ring laser gyroscope market along with itsapplications andend-users. The report also provides insights related to the applications and different end-usersaccording to the various geographical regions mentioned above.

Global Ring Laser Gyroscope Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the ring laser gyroscope market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry expertsand participants in order to get latest market insights andvalidate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape,growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global Ring Laser Gyroscope Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global ring laser gyroscope. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis. Some of the key players in the ring laser gyroscope market are Ericco International Limited, Heppel Photonics GmbH,Honeywell International Inc., Kearfott Corporation, Mitsubishi Precision Co., Ltd, Northrop Grumman Corporation, Optics Blazer AG, Safran Electronics & Defense SAS, Sperry Marine B.V, Teledyne CDL, Inc., and Xsens Technologies B.V. Various business strategies are being adopted by market leaders, focused on business expansion by developing strategic partnerships to offer innovative solutions in the end-use market.

Market Segmentation: Global Ring Laser Gyroscope Market

Ring Laser Gyroscope, by Number of Axis

  • Single Axis
  • Three Axis

Ring Laser Gyroscope, by Application

  • Platform Stabilization
  • Missile Navigation
  • Aeronautics Navigation
  • Submarine Navigation

Ring Laser Gyroscope, by End-User

  • Commercial
    • Air Based
      • Aircrafts
      • Drones
    • Marine Based
  • Defense
    • Air Based
      • Aircrafts
      • Drones
    • Marine Based
  • Spacecraft

In addition, the report provides analysis of the ring laser gyroscopemarket with respect to the following geographic segments:

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
.