Lucintel Forecasts the Global Ring Laser Gyroscope Market to Reach $0.9 billion by 2030
Lucintel Forecasts the Global Ring Laser Gyroscope Market to Reach $0.9 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global ring laser gyroscope market looks promising with opportunities in the defense, spacecraft, and commercial markets. The global ring laser gyroscope market is expected to reach an estimated $0.9 billion by 2030 from $0.7 billion in 2024, at a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are rising need in aircraft applications for sophisticated navigation systems, technological advancements enable more effective components to be manufactured in smaller and lighter packages, as well as, rapid growth of robotics and space vehicles.
A more than 150-page report to understand trends, opportunity and forecast in ring laser gyroscope market to 2030 by axis (single axis and three axis), application (platform stabilization, missile navigation, aeronautics navigation, submarine navigation, and satellite navigation), end use (defense, spacecraft, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the application category, platform stabilization will remain the largest segment over the forecast period.
In terms of regions, North America will remain the largest region over the forecast period due to increased defense investment to modernize inertial navigation equipment on navy ships and defense planes.
Download sample by clicking on ring laser gyroscope market
Mitsubishi Precision, Northrop Grumman, Optics Blazer, Safran Electronics & Defense, Sperry Marine are the major suppliers in the ring laser gyroscope market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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