The global Gyro Compass market was valued at US$ 199.7 million in 2019 and it is expected to reach US$ 254 million by the end of 2026, growing at a CAGR of 3.9% during 2021-2026.
Gyro Compass is a non-magnetic compass used at sea. It automatically finds the geographic direction based on the rapidly rotating disc and the rotation of the earth.
The current mainstream product on the market is Fiber Optic Gyro Compass, which accounts for 69.06% of the total market revenue in 2019. The major companies of Gyro Compass are in Europe, American and Japan. So the production regions of Gyro Compass are mainly concentrated in Europe, North America and Japan, and the total output value in 2019 accounts for 40.83%, 23.85% and 32.54% of the global total output value, respectively.
Global Gyro Compass Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Gyro Compass Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are IXBlue, TOKYO KEIKI INC., Simrad (Navico), Gem Elettronica Srl, Yokogawa Denshikiki, Raytheon Anschütz, Teledyne, Sperry Marine, Maretr Kongsberg and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-gyro-compass-market-research-report
Segment by Type
- Fiber Optic Gyro Compass
- Mechanical Gyro Compass
Segment by Application
- Commercial Shipping
- ROVs and AUVs
- Naval Vessels
Table of Content:
1 Gyro Compass Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Gyro Compass Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Gyro Compass Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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