Published Date : Jul 23, 2018
ALBANY, New York, July 23, 2018 - The recent report added to MarketResearchReports.biz, it is titled “Ring Laser Gyroscope Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026”. The global ring laser gyroscope market is facing high competition due to the presence of large manufacturers producing devices that have less weight and are smaller. To provide high precision and accuracy mainly for aerial application increases the competition among the manufacturers. Furthermore, almost all the economies are working to enhance their defence sector through updated defence vessels, unmanned vehicles, and advanced aircrafts. Thus, ring laser gyroscope plays an integral part in upgrading certain defence equipment’s.
The use of gyroscope helps in maintaining a reference direction that is used by autopilots, navigation systems, and stabilizers. With constant innovation and research in ring laser gyroscope has led to a problem of injection locking in the devices which is being resolved by the manufactures. Manufacturers are using dither mechanism to minimize the locking errors, but it has increased the weight of the device. These factors need to be considered for the market to experience maximum growth.
The requirement for ring laser gyroscope is estimated to rise at a high rate due to the increasing demand in defence and commercial sector especially for advanced inertial navigation systems in naval ships, aircraft, and submarines. Innovation and constant research and development to enhance the efficiency of ring laser by the manufactures will also grow the market in coming years.
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The market segmentation is based on application, number of axis, end user, and geography. The number of axis segment is further bifurcated into single axis and multi axis ring laser gyroscope. Among these two, multi axis ring laser gyroscope is estimated to dominate the market in terms of growth rate, mainly because of its increasing commercial application.
As per the geography, the global market for ring laser gyroscope comprises Asia Pacific, North America, South America, Europe, and Middle East & Africa. Currently, the ring laser gyroscope market is dominated by North America. However, Asia Pacific is projected to contribute highest during the forecast period. The increasing demand for ring laser gyroscope is mainly in defence and commercial application in the Asia Pacific.
Some of the key manufacturers in the global ring laser gyroscope market are Honeywell International Inc., Ericco International Limited, Kearfott Corporation, Heppel Photonics GmbH, Northrop Grumman Corporation, Mitsubishi Precision Co. Ltd, Optics Blazer AG, Xsens Technologies B.V, Safran Electronics & Defense SAS, Teledyne CDL, Inc., and Sperry Marine B.V.
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