HOME Top Market Reports Fiber Optics Gyroscope Market by Sensing Axis (1, 2, and 3), Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, and Attitude Heading Reference System), Application, and Geography - Global Forecast to 2022

Fiber Optics Gyroscope Market by Sensing Axis (1, 2, and 3), Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, and Attitude Heading Reference System), Application, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: SE 4999

 

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The fiber optics gyroscope market is expected to reach USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022. The fiber optics gyroscope market is majorly driven by the increasing defense expenditure globally. Moreover, the overall fiber optics gyroscope market is driven by factors such as the huge demand for remotely operated vehicles guidance and growing adoption of automation in industries and homes. For this study, the base year considered is 2015 and the market forecast provided is between 2016 and 2022.

This report provides a detailed analysis of the fiber optics gyroscope market based on sensing axis, device, application, and geography for four main regions North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). The main driver for fiber optics gyroscope market is the growing use of remotely operated vehicle in various industries such as defense, aeronautics, and others. The report also profiles the key players and comprehensively analyzes their market ranking and core competencies along with detailing the competitive landscape for market leaders.

To estimate the size of the fiber optics gyroscope market, top-down and bottom-up approaches have been used. This research study involves an extensive usage of secondary sources, directories, and paid databases such as Factiva and OneSource to identify and collect information useful to study the technical, market-oriented, and commercial aspects of fiber optics gyroscope.

The research methodology is explained below.

  • This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts.
  • High-growth segments have been identified to analyze opportunities in the overall fiber optics gyroscope  market
  • Competitive developments such as contracts, agreement and acquisitions, new product developments, and research and development (R&D) in the overall fiber optics gyroscope market have been analyzed.
  • All the percentage splits and breakdown of the market segments are analyzed on the basis of secondary and primary research.

The following figure depicts the breakdown of the primaries on the basis of company type, designation, and region conducted during the research study.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

This report provides valuable insights regarding the ecosystem of the fiber optics gyroscope market such as component manufacturers (EMCORE Corporation (U.S.) and Honeywell International, Inc. (U.S.)); system/device providers (iXBlue SAS (France), Fizoptika Corp. (Russia), and KVH Industries, Inc. (U.S.)); and application areas (Colibrys Ltd. (Switzerland)). This study answers several questions of stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Target Audience:

  • Raw material and manufacturing equipment suppliers
  • Electronic design automation (EDA) and design tool vendors
  • Component manufacturers
  • Original equipment manufacturers (OEMs)
  • Original design manufacturers (ODMs)
  • Integrated device manufacturers (IDMs)
  • ODM and OEM technology solution providers
  • Assembly, testing, and packaging vendors
  • Solution providers
  • Intellectual property (IP) core and licensing providers
  • Technology standards organizations, forums, alliances, and associations
  • Technology investors
  • Governments, financial institutions, and regulatory bodies

“The study answers several questions of the target audiences, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

This research report categorizes the overall fiber optics gyroscope market on the basis of sensing axis, device, application, and geography.

By Sensing Axis

  • 1-axis
  • 2-axis
  • 3-axis

By Device

  • Gyrocompass
  • Inertial Measurement Unit
  • Inertial Navigation System
  • Attitude Heading Reference System

By Application

  • Tactical Grade Applications
  • Remotely Operated Vehicle Guidance
  • Aeronautics And Aviation
  • Robotics
  • Defense And Homeland Security
  • Industrial

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe (Greece, Spain, Italy, Russia, Finland, Denmark, The Netherlands, and Sweden)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC (Australia, New Zealand, Singapore, Hong Kong, Indonesia, and Taiwan)
  • Rest of the World (RoW)
    • Middle East and Africa
    • Latin America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Share Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Fiber Optic Gyroscope Market, 2016–2022 (USD Million)
    4.2 Fiber Optic Gyroscope Market, By Device
    4.3 Fiber Optic Gyroscope Market, By Application
    4.4 Fiber Optic Gyroscope: Market Share of 3 Major Applications Across Regions in 2015
    4.5 Fiber Optic Gyroscope Market: Defense & Homeland Security and Aeronautics & Aviation Applications (2015)
    4.6 Fiber Optic Market, By Geography

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Sensing Axis
           5.2.2 By Device
           5.2.3 By Application
           5.2.4 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Adoption of Automation in Industries and Homes
                    5.3.1.2 Increasing Defense Expenditure Globally
           5.3.2 Restraints
                    5.3.2.1 Growing Demand for Advanced Microelectromechanical Systems Gyroscopes
                    5.3.2.2 Highly Complex and Time-Consuming Manufacturing Process
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand of Remotely Operated Vehicles
                    5.3.3.2 Use of Fiber Optic Gyroscope for Measurement While Drilling (MWD) Processes in the Oil Industry
           5.3.4 Challenges
                    5.3.4.1 High Investment and Low Cost-Benefit Ratio

6 Industry Analysis (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Trends
    6.4 Porter’s Five Forces Model
           6.4.1 Intensity of Competitive Rivalry
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Buyers
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Threat of New Entrants

7 Fiber Optic Gyroscope Market, By Sensing Axis (Page No. - 50)
    7.1 Introduction
    7.2 1-Axis
    7.3 2-Axis
    7.4 3-Axis

8 Fiber Optic Gyroscope Market, By Device (Page No. - 55)
    8.1 Introduction
    8.2 Gyrocompass
    8.3 Inertial Measurement Unit
    8.4 Inertial Navigation System
    8.5 Attitude Heading Reference System

9 Fiber Optic Gyroscope Market, By Application (Page No. - 59)
    9.1 Introduction
    9.2 Tactical Grade Applications
    9.3 Remotely Operated Vehicle Guidance
           9.3.1 Unmanned Underwater Vehicle
           9.3.2 Unmanned Aerial Vehicle
           9.3.3 Unmanned Ground Vehicle
    9.4 Aeronautics and Aviation
    9.5 Robotics
    9.6 Defense and Homeland Security
    9.7 Industrial

10 Geographical Analysis (Page No. - 80)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Rest of APAC
     10.5 Rest of the World
             10.5.1 Middle East and Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 104)
     11.1 Overview
     11.2 Market Ranking Analysis: Fiber Optic Gyroscope Market
     11.3 Competitive Scenario
             11.3.1 New Product Launches
             11.3.2 Contracts
             11.3.3 Expansions

12 Company Profiles (Page No. - 110)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 Emcore Corporation
     12.3 Honeywell International, Inc.
     12.4 Colibrys Ltd.
     12.5 KVH Industries, Inc.
     12.6 Northrop Grumman Litef GmbH
     12.7 Nedaero Components
     12.8 Ixblue SAS
     12.9 Fizoptika Corp.
     12.10 Optolink LLC
     12.11 AL Cielo Inertial Solutions Ltd.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 132)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (66 Tables)

Table 1 Key Industry Trends in the Fiber Optic Gyroscope Market
Table 2 Porter’s Five Forces Analysis: Threat of Substitutes is Expected to Have the Lowest Impact on the Overall Fog Market
Table 3 Fiber Optic Gyroscope Market, By Sensing Axis, 2014–2022 (USD Million)
Table 4 1-Axis Fiber Optic Gyroscope Market, By Application, 2014–2022 (USD Million)
Table 5 2-Axis Fiber Optic Gyroscope Market, By Application, 2014–2022 (USD Million)
Table 6 3-Axis Fiber Optic Gyroscope Market, By Application, 2014–2022 (USD Million)
Table 7 Fiber Optic Gyroscope Market Size, By Device, 2014–2022 (USD Million)
Table 8 Fiber Optic Gyroscope Market, By Application, 2014–2022 (USD Million)
Table 9 Fiber Optic Gyroscope Market for Tactical Grade Applications, By Region, 2014–2022 (USD Million)
Table 10 Fiber Optic Gyroscope Market for Tactical Grade Applications in North America, By Country, 2014–2022 (USD Million)
Table 11 Fiber Optic Gyroscope Market for Tactical Grade Applications in Europe, By Country, 2014–2022 (USD Thousand)
Table 12 Fiber Optic Gyroscope Market for Tactical Grade Applications in APAC, By Country, 2014–2022 (USD Thousand)
Table 13 Fiber Optic Gyroscope Market for Tactical Grade Applications in RoW, By Region, 2014–2022 (USD Thousand)
Table 14 Fiber Optic Gyroscope Market Size for Remotely Operated Vehicle Guidance Application, By Region, 2014–2022 (USD Million)
Table 15 Fiber Optic Gyroscope Market for Remotely Operated Vehicle Guidance Application in North America, By Country, 2014–2022 (USD Million)
Table 16 Fiber Optic Gyroscope Market for Remotely Operated Vehicle Guidance Application in Europe, By Country, 2014–2022 (USD Thousand)
Table 17 Fiber Optic Gyroscope Market for Remotely Operated Vehicle Guidance Application in APAC, By Country, 2014–2022 (USD Thousand)
Table 18 Fiber Optic Gyroscope Market for Remotely Operated Vehicle Guidance Application in RoW, By Region, 2014–2022 (USD Thousand)
Table 19 Fiber Optic Gyroscope Market for Remotely Operated Vehicle Guidance, By Type, 2014–2022 (USD Million)
Table 20 Fiber Optic Gyroscope Market for Aeronautics and Aviation Application, By Region, 2014–2022 (USD Million)
Table 21 Fiber Optic Gyroscope Market for Aeronautics and Aviation Application in North America, By Country, 2014–2022 (USD Million)
Table 22 Fiber Optic Gyroscope Market for Aeronautics and Aviation Application in Europe, By Country, 2014–2022 (USD Million)
Table 23 Fiber Optic Gyroscope Market for Aeronautics and Aviation Application in APAC, By Country, 2014–2022 (USD Million)
Table 24 Fiber Optic Gyroscope Market for Aeronautics and Aviation Application in RoW, By Region, 2014–2022 (USD Million)
Table 25 Fiber Optic Gyroscope Market for Robotics Application, By Region, 2014–2022 (USD Million)
Table 26 Fiber Optic Gyroscope Market for Robotics Application in North America, By Country, 2014–2022 (USD Thousand)
Table 27 Fiber Optic Gyroscope Market for Robotics Application in Europe, By Country, 2014–2022 (USD Thousand)
Table 28 Fiber Optic Gyroscope Market for Robotics Application in APAC, By Country, 2014–2022 (USD Thousand)
Table 29 Fiber Optic Gyroscope Market for Robotics Application in RoW, By Region, 2014–2022 (USD Thousand)
Table 30 Fiber Optic Gyroscope Market for Defense and Homeland Security Application, By Region, 2014–2022 (USD Million)
Table 31 Fiber Optic Gyroscope Market for Defense and Homeland Security Application in North America, By Country, 2014–2022 (USD Million)
Table 32 Fiber Optic Gyroscope Market for Defense and Homeland Security Application in Europe, By Country, 2014–2022 (USD Million)
Table 33 Fiber Optic Gyroscope Market for Defense and Homeland Security Application in APAC, By Country, 2014–2022 (USD Million)
Table 34 Fiber Optic Gyroscope Market for Defense and Homeland Security Application in RoW, By Region, 2014–2022 (USD Million)
Table 35 Fiber Optic Gyroscope Market for Industrial Application, By Region, 2014–2022 (USD Million)
Table 36 Fiber Optic Gyroscope Market for Industrial Application in North America, By Country, 2014–2022 (USD Million)
Table 37 Fiber Optic Gyroscope Market for Industrial Application in Europe, By Country, 2014–2022 (USD Million)
Table 38 Fiber Optic Gyroscope Market for Industrial Application in APAC, By Country, 2014–2022 (USD Million)
Table 39 Fiber Optic Gyroscope Market for Industrial Application in RoW, By Region, 2014–2022 (USD Thousand)
Table 40 Fiber Optic Gyroscope Market Size, By Region, 2014–2022 (USD Million)
Table 41 Fiber Optic Gyroscope Market in North America, By Application, 2014–2022 (USD Million)
Table 42 Fiber Optic Gyroscope Market in North America, By Country, 2014–2022 (USD Million)
Table 43 Fiber Optic Gyroscope Market in U.S., By Application, 2014–2022 (USD Million)
Table 44 Fiber Optic Gyroscope Market in Canada, By Application, 2014–2022 (USD Million)
Table 45 Fiber Optic Gyroscope Market in Mexico, By Application, 2014–2022 (USD Million)
Table 46 Fiber Optic Gyroscope Market in Europe, By Application, 2014–2022 (USD Million)
Table 47 Fiber Optic Gyroscope Market in Europe, By Country, 2014–2022 (USD Million)
Table 48 Fiber Optic Gyroscope Market in U.K., By Application, 2014–2022 (USD Million)
Table 49 Fiber Optic Gyroscope Market in Germany, By Application, 2014–2022 (USD Million)
Table 50 Fiber Optic Gyroscope Market in France, By Application, 2014–2022 (USD Million)
Table 51 Fiber Optic Gyroscope Market in Rest of Europe, By Application, 2014–2022 (USD Thousand)
Table 52 Fiber Optic Gyroscope Market in APAC, By Application, 2014–2022 (USD Million)
Table 53 Fiber Optic Gyroscope Market in APAC, By Country, 2014–2022 (USD Million)
Table 54 Fiber Optic Gyroscope Market in China, By Application, 2014–2022 (USD Million)
Table 55 Fiber Optic Gyroscope Market in Japan, By Application, 2014–2022 (USD Million)
Table 56 Fiber Optic Gyroscope Market in India, By Application, 2014–2022 (USD Thousand)
Table 57 Fiber Optic Gyroscope Market in South Korea, By Application, 2014–2022 (USD Million)
Table 58 Fiber Optic Gyroscope Market in Rest of APAC, By Application, 2014–2022 (USD Thousand)
Table 59 Fiber Optic Gyroscope Market in RoW, By Application, 2014–2022 (USD Million)
Table 60 Fiber Optic Gyroscope Market in RoW, By Region, 2014–2022 (USD Million)
Table 61 Fiber Optic Gyroscope Market in Middle East and Africa, By Application, 2014–2022 (USD Thousand)
Table 62 Fiber Optic Gyroscope Market in South America, By Application, 2014–2022 (USD Thousand)
Table 63 Market Ranking of the Top 5 Players in the Fiber Optic Gyroscopes Market in 2015
Table 64 New Product Launches, 2013–2016
Table 65 Contracts, 2016
Table 66 Expansions, 2014


List of Figures (56 Figures)

Figure 1 Fiber Optic Gyroscope Market Segmentation
Figure 2 Fiber Optic Gyroscope Market: Research Design
Figure 3 Process Flow
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Fiber Optic Gyroscope Market, 2014–2022 (USD Million)
Figure 9 Fiber Optic Gyroscope Market Share, By Sensing Axis (2015 vs 2022)
Figure 10 Inertial Navigation Systems to Hold the Largest Size of the Fog Market By 2022
Figure 11 Remotely Operated Vehicle Guidance Expected to Witness the Highest Growth Rate Between 2016 and 2022
Figure 12 North America Held the Largest Share of the Fog Market in 2015
Figure 13 Attractive Opportunities for the Fiber Optic Gyroscope Market
Figure 14 Fiber Optic Gyroscope Market for Inertial Navigation System to Grow at the Highest CAGR Between 2016 and 2022
Figure 15 Defense & Homeland Security Application Expected to Dominate the Fiber Optic Gyroscope Market Till 2022
Figure 16 Defense & Homeland Security Application Held the Largest Share of the Fiber Optic Gyroscope Market in North America in 2015
Figure 17 Defense & Homeland Security and Aeronautics & Aviation to Grow at the Highest CAGR in APAC During the Forecast Period
Figure 18 China is Expected to Emerge as the Fastest-Growing Market for Fiber Optic Gyroscope Between 2016 and 2022
Figure 19 Fiber Optic Gyroscope Market Segmentation, By Geography
Figure 20 Growing Demand of Fiber Optic Gyroscopes for Navigation and Guidance Applications Would Drive the Growth of the Fog Market
Figure 21 Defense Expenditure By Top 10 Countries in 2015
Figure 22 Value Chain Analysis (2016): Maximum Value Added Between the Original Equipment Manufacturing and System Integration Phases
Figure 23 Porter’s Five Forces Analysis, 2016
Figure 24 Fiber Optic Gyroscope (Fog) Market: Porter’s Five Forces Analysis
Figure 25 Fog Market: Intensity of Competitive Rivalry
Figure 26 Fog Market: Threat of Substitutes
Figure 27 Fog Market: Bargaining Power of Buyers
Figure 28 Fog Market: Bargaining Power of Suppliers
Figure 29 Fog Market: Threat of New Entrants
Figure 30 3-Axis Fiber Optic Gyroscope Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 31 Defense and Homeland Security Application Segment Expected to Hold the Largest Share of the Fog Market By 2022
Figure 32 Fiber Optic Gyroscope Market for Inertial Navigation System Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 33 Fog Market for Remotely Operated Vehicle Guidance Application Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 34 Fiber Optic Gyroscope Market for Remotely Operated Vehicle Guidance Application in APAC Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 35 APAC Expected to Grow at the Highest CAGR for Aeronautics and Aviation Application Between 2016 and 2022
Figure 36 North America Held the Largest Size of the Fog Market for the Robotics Application in 2015
Figure 37 APAC Expected to Grow at the Highest Rate for the Defense and Homeland Security Application Between 2016 and 2022
Figure 38 Geographic Snapshot: Asia-Pacific to Witness the Highest Growth Rate for the Fog Market Between 2016 and 2022
Figure 39 Fiber Optic Gyroscope Market in China Estimated to Grow at the Highest Rate Between 2016 and 2022
Figure 40 Snapshot of Fiber Optic Gyroscope Market in North America
Figure 41 Snapshot of Fiber Optic Gyroscope Market in Europe
Figure 42 Snapshot of Fiber Optic Gyroscope Market in Asia-Pacific
Figure 43 Companies Adopted New Product Launches as the Key Growth Strategy Between 2013 and 2016
Figure 44 Market Evaluation Framework: New Product Launches Fueled the Growth of the Fog Market Between 2014 and 2016
Figure 45 Battle for Market Share: New Product Launches Was the Key Strategy Adopted By Key Players in the Fog Market
Figure 46 Geographic Revenue Mix of Leading Players
Figure 47 Emcore Corporation: Company Snapshot
Figure 48 Emcore Corporation: SWOT Analysis
Figure 49 Honeywell International, Inc.: Company Snapshot
Figure 50 Honeywell International, Inc.: SWOT Analysis
Figure 51 Colibrys Ltd.: Company Snapshot
Figure 52 Colibrys Ltd.: SWOT Analysis
Figure 53 KVH Industries, Inc.: Company Snapshot
Figure 54 KVH Industries, Inc.: SWOT Analysis
Figure 55 Northrop Grumman Litef GmbH: Company Snapshot
Figure 56 Northrop Grumman Litef GmbH: SWOT Analysis

The fiber optics gyroscope market is expected to be worth USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022. Fiber optics gyroscopes are widely used for remotely operated vehicle guidance and industrial applications. Fiber optics gyroscope is used in the navigation system and measurement units for navigation and controlling devices. Factors such as the rising demand for unmanned vehicles and growing industrialization could generate significant opportunities for this market in the near future.

In 2015, the defense and homeland security applications accounted for the largest share of the fiber optics gyroscope market, followed by the aeronautics and aviation application. The market for the remotely operated vehicle guidance is expected to grow at a high rate between 2016 and 2022. Fiber optics gyroscope is used to control and navigate the devices in these applications. In the aeronautics and aviation application, the demand for fiber optics gyroscope would grow because of the increasing demand of inertial navigation system and inertial measurement units for navigating spacecraft and aircrafts. This factor is expected to boost the demand for fiber optics gyroscope in these applications.

The fiber optics gyroscope market has also been segmented on the basis of sensing axis into 1 axis, 2 axes, and 3 axes. Of all the available sensing axis, the market for 3-axis fiber optics gyroscopes held the largest share in 2015 and the same trend is expected to continue by 2022 owing to the growing level of integration. Manufacturers are working towards integrating several functionalities in one system to reduce the number of components per device and to reduce the size and weight of the overall product. 3-Axis fiber optics gyroscopes are highly suitable for such integration.

Inertial navigation systems are expected to experience a high growth between 2016 and 2002. The use of the inertial navigation system in various applications such as defense, aeronautics and aviation, and remotely operated vehicles is expected to grow the fiber optics gyroscope market in the near future.

North America is expected to hold the largest share of the fiber optics gyroscope market in 2022. Presence of major players, increasing investments toward the development of advanced sensors, and increasing expenditure in defense sectors by the U.S. are driving the growth of the fiber optics gyroscope market in North America.

The key restraining factors in the fiber optics gyroscope market is the highly complex manufacturing process and demanding cycle time as well as the capital-intensive applications in this market. EMCORE Corporation (U.S.) designs and manufactures optical chips, components, systems and subsystems for the broadband and specialty fiber optics gyroscope market. The company provides advanced fiber optics gyroscope and navigation systems to the U.S. The company focuses on innovative products development strategies to strengthen its position in the fiber optics gyroscope market

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