Fiber Optics Gyroscope Market

Fiber Optics Gyroscope Market worth 1,037.0 Million USD by 2022 with a growing CAGR of 3.61%

According to the new market research report "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", is expected to be worth USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022. The major driver for the growth of the fiber optics gyroscope market is the increasing defense expenditure globally. 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.

Browse 66 market data tables and 56 figures spread through 141 pages and in-depth TOC on “Fiber Optics Gyroscope Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.

“Demand for inertial navigation systems expected to drive the growth of the fiber optics gyroscope market”

The market for inertial navigation systems is expected to grow at the highest CAGR between 2016 and 2022. Inertial navigation system is a commercial off-the-shelf navigation and control solution, which uses sensor fusion to deliver reliable, high-accuracy navigation and control to a wide variety of unmanned, autonomous, and manned aerial, ground, and marine applications. The demand for fiber optics gyroscope in these systems would boost fiber optics gyroscope market in the near future.

“3-axis fiber optics gyroscope expected to hold the largest share between 2016 and 2022”

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.

“Asia-Pacific witness the highest growth between 2016 and 2022”

The fiber optics gyroscope market in Asia-Pacific (APAC) is expected to grow at the highest CAGR between 2016 and 2022. The reason for this growth is the huge population base, increasing investments for the development of sensors, a large number of research and development (R&D) activities, and increasing focus on industrial applications in this region. In APAC, the fiber optics gyroscope market is majorly driven by China and Japan because of the rapidly increasing industrialization in these countries. Therefore, the fiber optics gyroscope market in APAC is expected to grow rapidly between 2016 and 2022.

The key players in the ecosystem of the fiber optics gyroscope market profiled in this report are EMCORE Corporation (U.S.), Honeywell International, Inc. (U.S.), Colibrys Ltd. (Switzerland), KVH Industries, Inc. (U.S.), Northrop Grumman LITEF GmbH (Germany), Nedaero Components (Netherlands), iXblue SAS (France), Fizoiptika Corp. (Russia), Optolink LLC (Russia), and Al Cielo Inertial Solutions Ltd. (Israel).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]

Fiber Optics Gyroscope Market Size,  Share & Growth Report
Report Code
SE 4999
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Fiber Optics Gyroscope Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets