Laser Gyroscope Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players Silicon Sensing Systems, InvenSense, Kionix, Panasonic, Maxim Integrated Products

Over the next five years the Laser Gyroscope market will register a 3.66% CAGR in terms of revenue, the global market size will reach USD 948.3 million by 2027.

Laser Gyroscope Market Overview

Gyroscopes are devices that measure mechanical rotation and are used in a variety of applications, from navigation to stabilizing aircraft and rockets. Laser gyroscopes work by shining a laser beam onto a mirror that is free to rotate. The amount of beam deflection is then measured to calculate the rate of rotation. While traditional gyroscopes use spinning masses to generate rotational data, laser gyroscopes are much smaller and more precise. As a result, they are increasingly being used in a wide range of devices, from smartphones to drones.

The laser gyroscope market is growing rapidly as demand for higher accuracy and precision in navigation increases. Laser gyroscopes are more accurate than mechanical gyroscopes, and they do not require any moving parts, which makes them more durable. Additionally, they are less affected by the environment, such as temperature changes and vibrations. As a result, laser gyroscopes are ideal for use in a variety of applications, including aircraft, missiles, and satellites. The market for laser gyroscopes is expected to continue to grow as the demand for more accurate navigation systems increases.

The automotive industry is the major contributor to the market growth because of the increasing demand for enhanced navigation and safety features in vehicles. The adoption of laser gyroscopes in this industry is also due to the miniaturization trend of sensors and camera-based systems. In the aerospace industry, laser gyroscopes are used for guidance, navigation, and control applications. The rising demand for commercial aircraft is driving the growth of this market in this industry. The defense sector is another major application area for this technology. The increasing demand for mine-hunting, target acquisition, and tracking systems is fuelling the market growth.

Industry News and Updates

January 6, 2022: TDK launches SmartMotion™ ultra-high-performance family with world’s first BalancedGyro™ technology and lowest power consumption for consumer applications-- 

TDK Corporation (TSE: 6762) announces the availability of the InvenSense ICM-45xxx SmartMotion™ ultra-high-performance (UHP) family of 6-axis MEMS motion sensors. This family introduces the on-chip self-calibration, industry’s lowest power consumption, and world’s first BalancedGyro™ (BG) technology.

What are the major Applications, Types and Regions for Laser Gyroscope Market?

By Type, it is segmented into

• Interferometric Fiber Optic Gyroscope


• Resonant Fiber OpticGyro

By Applications, it is segmented into

• Air navigation


• Marine navigation


• Space navigation


• Other

Laser Gyroscope Market Regional Analysis

The Asia Pacific laser gyroscope market is expected to grow owing to the increasing adoption of these devices in various end-use industries. The region has witnessed an increased demand for laser gyroscopes from countries such as China, Japan, and India. The Chinese market is expected to grow at a significant rate due to the increasing adoption of these devices in various end-use industries such as automotive, aerospace, and defense. Moreover, the government's initiatives to promote the use of laser gyroscopes are also expected to drive market growth. The Japanese market is also expected to grow at a considerable rate due to the presence of leading manufacturers in the country. Additionally, increasing defense expenditure is also anticipated to fuel market growth in the coming years. Europe is the second largest contributor to Ring Laser Gyroscope market and would grow at higher CAGR, owing to more spending on defense among other European countries. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Laser Gyroscope Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Laser Gyroscope Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Laser Gyroscope Market report scope?

Key Takeaways from this Laser Gyroscope Report

• Evaluate Laser Gyroscope market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Laser Gyroscope market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Laser Gyroscope Market?

The Laser Gyroscope Market is growing at a CAGR of 3.66% over the next 5 years.

Who are the key players in Laser Gyroscope Market?

Colibrys, Silicon Sensing Systems, InvenSense, Kionix, Panasonic, Maxim Integrated Products, Texas Instruments, VectorNav Technologies, LORD Corporation MicroStrain Sensing Systems

What are the significant types of Laser Gyroscope Market?

Interferometric Fiber Optic Gyroscope, Resonant Fiber OpticGyro

What are the major end-use applications of Laser Gyroscope Market?

Air navigation, Marine navigation, Space navigation, Other

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.