Global Gyro Compass Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Gyro Compass Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

A gyro compass is a type of non-magnetic compass which is based on a fast-spinning disc and the rotation of the Earth to find geographical direction automatically. Unlike magnetic compasses, which point towards the magnetic North Pole, a gyro compass points towards the true North Pole, or geographical North, providing a significantly more accurate navigation tool for maritime applications. Although an important part of the gyro compass is the gyroscope, they are not the same equipment.

According to our (Global Info Research) latest study, the global Gyro Compass market size was valued at US$ 240 million in 2023 and is forecast to a readjusted size of USD 318 million by 2030 with a CAGR of 4.3% during review period.

Global key players of Gyro Compass include Raytheon Anschütz, YDK Technologies, TOKYO KEIKI INC., etc. The top three players hold a share over 42%. Europe is the largest market, and has a share about 35%, followed by Asia-Pacific and North America with share 31% and 26%, separately. In terms of product type, Fiber Optic Gyro Compass is the largest segment, occupied for a share of 69%. In terms of application, Commercial Shipping has a share about 43 percent.

This report is a detailed and comprehensive analysis for global Gyro Compass market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Gyro Compass market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2019-2030

Global Gyro Compass market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2019-2030

Global Gyro Compass market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2019-2030

Global Gyro Compass market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Gyro Compass

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Gyro Compass market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Raytheon Anschütz, YDK Technologies, TOKYO KEIKI INC., IXBlue, Simrad, Sperry Marine, Teledyne, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Gyro Compass market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Fiber Optic Gyro Compass
Mechanical Gyro Compass

Market segment by Application
Commercial Shipping
Naval Vessels
Workboats
Others

Major players covered
Raytheon Anschütz
YDK Technologies
TOKYO KEIKI INC.
IXBlue
Simrad
Sperry Marine
Teledyne

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Gyro Compass product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Gyro Compass, with price, sales quantity, revenue, and global market share of Gyro Compass from 2019 to 2024.

Chapter 3, the Gyro Compass competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Gyro Compass breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Gyro Compass market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Gyro Compass.

Chapter 14 and 15, to describe Gyro Compass sales channel, distributors, customers, research findings and conclusion.