Global Ring Laser Gyroscopes Market to Reach $1 Billion by 2030
The global market for Ring Laser Gyroscopes estimated at US$800.7 Million in the year 2022, is projected to reach a revised size of US$1 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030. Single Axis, one of the segments analyzed in the report, is projected to record 3.4% CAGR and reach US$560.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Multi Axis segment is readjusted to a revised 3.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $235.9 Million, While China is Forecast to Grow at 3% CAGR
The Ring Laser Gyroscopes market in the U.S. is estimated at US$235.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$183.1 Million by the year 2030 trailing a CAGR of 3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.Select Competitors (Total 53 Featured) -
- Ericco International Limited
- Heppell Photonics GmbH
- Honeywell International, Inc.
- Kearfott Corporation
- Mitsubishi Precision Co., Ltd.
- Northrop Grumman Corporation
- Optics Balzers AG
- Safran Electronics & Defense
- Sperry Marine B.V
- Xsens Technologies BV
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ericco International Limited
- Heppell Photonics GmbH
- Honeywell International, Inc.
- Kearfott Corporation
- Mitsubishi Precision Co., Ltd.
- Northrop Grumman Corporation
- Optics Balzers AG
- Safran Electronics & Defense
- Sperry Marine B.V
- Xsens Technologies BV
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 229 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 800.7 Million |
Forecasted Market Value ( USD | $ 1000 Million |
Compound Annual Growth Rate | 2.8% |
Regions Covered | Global |