The global demand for Fiber Optic Gyroscope Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Fiber optic gyroscope (FOG) is a system that uses light to calculate motion changes by sensing orientation using the Sagnac effect. It works based on interference of light that has passed through a coil of optical fibre. The technology attains higher performance with lower cost, weight, size, and power than competing units and legacy designs. It is an excellent alternative to a mechanical gyroscope. Fiber optic gyroscopes are commonly used for applications in inertial navigation for high-performance space applications and military systems. Fiber optic gyroscope is critical for aircraft, missiles, unmanned aerial vehicles, and ground vehicles to operate safely.
Market Dynamics
The global fiber optic gyroscope market is projected to grow at an exciting rate during the forecast period. Escalating demand for remotely operated vehicles guidance and increasing automation in industries and homes influence the global fiber optic gyroscope market. Booming UAVs use across sectors, and increased homeland security majorly triggers the demand for fiber optic gyroscope. Fiber optic gyroscope is gaining robust popularity due to their intrinsic reliability and long lifetime. The fibre optic gyroscope provides extremely precise rotational rate information at a low cost. Navigation is the primary function that forms the infrastructure for security, surveillance, and management. However, fiber optic gyroscope lacks cross-axis sensitivity to vibration, acceleration, and shock, which may hinder its application in some cases.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fiber optic gyroscope. The growth and trends of fiber optic gyroscope industry provide a holistic approach to this study.
Market Segmentation
This section of the fiber optic gyroscope market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Sensing 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
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Fiber Optic Gyroscope market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Fiber Optic Gyroscope Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fiber optic gyroscope market include Advanced Navigation, Cielo inertial Solutions Ltd., iXblue, Emcore Corporation, Fizoptika, Honeywell International Inc., KVH Industries, Inc., Nedaero, Optolink, and Safran S.A. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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