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Gyro market post 4.3% annual rate, to reach 1.66b in 2017

Posted: 10 Sep 2012 ?? ?Print Version ?Bookmark and Share

Keywords:Inertial Measurements Units? MEMS-based products? Ring Laser Gyroscopes? Fiber Optic Gyroscopes?

According to Yole Dveloppement, a market research firm from France, the market for high performance gyroscopes is set to capture growth opportunities and increase at a 4.3-percent annual rate, to 1.66 billion in 2017.

Traditionally dominated by defense and aerospace applications, the market for Inertial Measurement Units(IMUs) was stable in 2011 with a size of $1.75 billion, as detailed in the latest Yole report entitled Gyroscopes and IMUs for Defense, Aerospace & Industrial. The market is expected to experience more dynamic growth in the near term, notably because new programs are being initiated in Asia, Brazil and the Middle East for the defense and aerospace sectors. The market research firm also added that many new applications are also being introduced.

Honeywell, Northrop Grumman and Sagem are dominating the market, but many newcomers are emerging with low-cost MEMS-based products.

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Figure 1: 2011 IMU market share (M$) C Total: 1.75B
Source: Gyroscopes and IMUs for Defense, Aerospace & Industrial report, September 2012, Yole Development.

For the year 2011, Yole Dveloppement noted that the high-performance gyroscope market amounted to $1.29 billion, growing at a 4.3 percent annual basis, and is expected to reach $1.66 billion in 2017.

Yole noted that growth opportunities will be concentrated in a few applications, geographies or technologies. Firstly, defense applications continue to represent half of the market, and this is likely to remain about the same as budget cuts in the U.S. and in Europe will be partially compensated by strong demand in Asia.

Secondly, commercial aerospace accounts for about 25 percent of the market. After a period of stability, Yole said it predicts that an increasing number of business jet, helicopter and civil aircraft orders will drive renewed inertial systems growth, starting in 2013. Thirdly, the market composed of industrial, naval and offshore applications will be the most dynamic area.

Ring Laser Gyroscopes (RLGs) are mostly used in navigation systems and tactical guidance. Although RLGs will be robust for high-performance, Yole Dveloppement said it expects two other technologies to make a large contribution to 2011-2017 growth: Fiber Optic Gyroscopes (FOGs), which are now very popular for stabilization applications, and should quickly progress to replace other navigation technologies; and MEMS technology, which will have the largest impact on the industry.

- Anne-Fran?oise PELE
??EE Times





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