What's Driving the Ring Laser Gyroscope Market Growth? Xsens, Honeywell, Kearfott Corporation, Northrop Grumman, Safran Electronics & Defense, Avionics USA, LLC., Teledyne Marine
An in-depth qualitative and quantitative research of the global market has been undertaken in this report. The study reckons various important aspects of the market by focusing on the historical and forecast data. Information pertaining to SWOT analysis as well as Porter's five force model, alongside the PESTEL analysis has been encompassed in the report.
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Increasing technological advancement & innovation in robotics and space vehicles is driving the adoption of these devices in drones and Unmanned Aerial Vehicles. (UAVs). Adoption of these gyroscopes in vehicles helps to improve flight capabilities. The defense and military sectors are majorly using UAVs equipped with ring laser gyroscope to locate & detect the enemy base at cross-border countries. Manufacturers of drones are also increasing the adoption of such equipment to provide navigational information to the flight controller and enable easier & safer flight. The increasing role of AI in drones is providing trustworthy technology for drone investors, leading to growth in the ring laser gyroscope market.
Ring Laser Gyroscope Market, By Number of Axis
o Single axis
Ring Laser Gyroscope Market, By Application
Technological advancements are aiding the market growth. Manufacturers in the ring laser gyroscope market are offering equipment with a smaller size to provide the flexibility of operations, which is increasing its usage in compact navigational systems. They are focused on developing high-quality and secure gyroscope devices. Moreover, due to the reduction in size, the equipment is also being widely adopted for the defense sector. For instance, in June 2018, Defense Research and Development Organization (DRDO), India launched Agni 5 ballistic missile, which includes ring laser gyroscope-based INS. Such an increase in the adoption of solutions in the military & defense sector will drive the market demand.
The single-axis ring laser gyroscope market is anticipated to witness high growth in the coming years. The increasing demand for improved performance at low cost is accelerating its application in commercial applications. The device employs simple, inexpensive techniques intended to produce a low-performance system for accurate control and stabilization. Several manufacturers in the market are offering gyroscopic equipment by implementing advanced techniques to provide high accuracy and stabilization. For instance, Honeywell International is offering GG1308, a single-axis ring laser gyroscope featuring a triangular glass block of 0.8 inch and the total laser path length of 2.4 inches. This digital gyroscope provides high precision rotation measurement for industry specific applications.
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North America is expected to dominate the ring laser gyroscope market over the forecast period owing to rapid developments in defense, maritime, and aerospace industry sectors. The defense sector in the region is witnessing a rapid adoption of modern technology due to increased investments by the governments to upgrade their arms and ammunition, thereby augmenting the ring laser gyroscope market growth.
The major players operating in the ring laser gyroscope market are Xsens Technologies B.V., Honeywell International, Kearfott Corporation, Northrop Grumman Corporation, Safran Electronics & Defense, Ericco International Limited, and Teledyne Marine.
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