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Ring Laser Gyroscope Market Size
Ring Laser Gyroscope Market size is set to showcase notable expansion during the forecast period of 2024-2032. These lasers find usage in several defense applications as the sector is focusing on upgrading its existing navigation systems and increasing expenditure on the development of cutting-edge defense vehicles. Besides, the integration of innovative technologies in underwater and unmanned aerial vehicles is predicted to supplement ring laser gyroscope industry growth.
For instance, in September 2023, Teledyne FLIR Defense showcased a pioneering autonomous launch-and-recover system for unmanned aerial vehicles (UAVs) during DSEI 2023 in London. This Black Recon Vehicle Reconnaissance System (VRS), an innovative prototype is tailored to deliver autonomous, continuous reconnaissance, surveillance, and target acquisition (RSTA) capabilities. The primary objective is to heighten situational awareness for military vehicle crews and safeguard critical infrastructure.
Ring laser gyroscopes (RLGs) are also being widely used in many commercial applications, such as commercial aircraft and space exploration vehicles. Moreover, these gyroscopes are undergoing important advancements to make them suitable for spacecraft operations, which will further accelerate the industry progress.
Ring Laser Gyroscope Market Trends
Miniaturization is a key focus, driven by demand for compact and lightweight systems in aerospace and defense applications. Advancements in technology, including the integration of fiber optics and solid-state components, are enhancing performance and reliability. Automation and IoT are influencing the market, leading to increased adoption in autonomous vehicles and robotics. Rising defense budgets globally are fueling investments in navigation and guidance systems, boosting the gyroscope market. Additionally, there's a growing emphasis on cost-effectiveness and energy efficiency, shaping the development of next-gen ring laser gyroscopes.
Ring Laser Gyroscope Market Analysis
Based on application, the commercial application segment is predicted to grow at a commendable rate through 2032. Ring laser gyroscopes are being extensively used in commercial airplanes, defense operations, and other areas. Commercial aircrafts use these devices by remotely mounting them, making the cavity path rotate around one of the flight’s axes. RLG is deployed in each axis of these planes. Output can be used in analog instrumentation as well as autopilot systems. This makes the aircraft compatible with digital display & autopilot computers.
Based on axis, single axis ring laser gyroscopes segment is anticipated to hold a sizeable market share by 2032 due to its widespread deployment in the commercial sector. The production of commercial aircraft is increasing every year due to rise in air travel. According to the International Air Transport Association (IATA), in September 2022, international air traffic grew by 122.2% as compared to September 2021. This scenario is likely to spur the deployment of single axis ring laser gyroscopes in commercial aircraft.
Europe ring laser gyroscope market is expected to amass substantial revenues by 2032 as governments of prominent countries, such as France, Germany, Italy, and the U.K. are raising their expenditure on innovative defense technologies. As per the European Defense Agency (EDA), in 2022, the region’s total spending on defense surpassed USD 259 billion, representing a 6% increase when compared with the figures of 2021. The region is also adopting advanced technologies, such as automation in industries, homes, and commercial buildings, thereby enhancing the industry development.
Ring Laser Gyroscope Market Competitive Landscape
- Kearfott Corporation
- Honeywell International
- Northrop Grumman Corporation
- Ericco International Limited
- Xsens Technologies B.V. (acquired by MCube, mCube Hong Kong Limited)
- Teledyne Marine
are some of the leading organizations involved in global ring laser gyroscope market. These market participants have been working on implementing various strategies, such as product developments, mergers & acquisitions, and partnerships to strengthen their global footprint.
Ring Laser Gyroscope Industry News
- In May 2023, officials from the Naval Supply Systems Command Weapon Systems Support activity in Mechanicsburg, Pa., disclosed a $12 million contract awarded to Honeywell International Inc.’s aerospace segment in Minneapolis. The funding aims to procure ring laser gyros specifically designed for the AN/WSN-7 inertial navigation system, showcasing the commitment to sustaining and upgrading critical components for naval navigation across a range of vessels.