Hemispherical Resonator Gyroscope (HRG)
Market
Hemispherical Resonator Gyroscope (HRG) Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Hemispherical Resonator Gyroscope (HRG) Market Size and Growth
The Hemispherical Resonator Gyroscope (HRG) market is experiencing robust growth, driven by increasing demand in aerospace, automotive, and robotics sectors. The market size is projected to reach approximately $2.5 billion by 2028, fueled by technological advancements and the need for precision navigation systems in various applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ Northrop Grumman Corporation
◍ Safran Electronics & Defense
◍ China Electronics Technology Group Corporation
The HRG market features key players like Northrop Grumman, Safran Electronics, and China Electronics Technology Group, which develop advanced navigation systems. Their innovations enhance military, aerospace, and commercial applications, driving market growth. They contribute by improving accuracy and reducing size and weight in gyroscopic technology.
- Northrop Grumman: $36.8 billion
- Safran Electronics & Defense: €5.6 billion
- China Electronics Technology Group: $25 billion
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Market Segmentation
By Application
Aerospace
Ship
Tactical Weapon
Other
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By Product
mHRG
uHRG
Market Growth
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$ X Billion USD
