Market Overview:
The global fiber optics gyroscope market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fiber optics gyroscopes in various applications such as aerospace, robot, unmanned aerial vehicle (UAV), and other applications. North America is expected to hold the largest share of the global fiber optics gyroscope market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness highest growth during the forecast period owing to rising demand from countries such as China and Japan.
Product Definition:
A fiber optic gyroscope is a device that uses the interference of light waves to determine orientation. It consists of a coil of optical fiber around which are wound two opposing glass fibers. When the device is rotated, the light traveling down each fiber experiences a different amount of delay due to its rotation speed. This difference in delay can be measured and used to calculate orientation.
1 Axis:
1-axis gyroscopes are used in inertial navigation systems and electronic stability sensors. They measure the orientation of an object with respect to a fixed coordinate system by measuring the rate of rotation about one or more axes. The most commonly used sensor is called a nutating wheel, which is basically a small weight on a stick that can be spun very fast; as it's spinning, it creates an electrical signal that's proportional to its speed.
2 Axis:
2-axis gyroscopes are used in fiber optics gyroscope market owing to their advantages such as small size, low cost and easy manufacturing process. Fiber optic gyroscopes have applications in automotive, consumer electronics & semiconductors, aerospace & defense and medical sectors. The growing demand for smartphones is expected to drive the consumer electronics industry which in turn is anticipated to augment the 2-axis fiber optic gyroscope market over the forecast period.
Application Insights:
The aerospace application segment accounted for the largest share of more than 40.0% in 2017 and is expected to continue its dominance over the forecast period. The use of gyroscopes in aircraft provides an effective means to stabilize and steer the aircraft during flight by sensing any movement or pitching change in three dimensional space. The technology helps reduce pilot stress by providing a sense of stability, which enhances overall performance and also reduces pilot workload, thereby increasing efficiency.
Gyroscope based inertial navigation system (INS) is used for accurate determination of position information regarding latitude, longitude, altitude and heading with respect to a reference frame that is Earth-fixed coordinate system with respect to Earth's surface features such as land masses oceans etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The regional market is expected to grow at a significant rate over the forecast period owing to increasing investments and favorable government initiatives. For instance, as per an announcement made by the U.
The Asia Pacific regional market is anticipated to witness lucrative growth over the forecast period owing to rapid technological advancements coupled with increased spending capacity among end users such as defense agencies, space organizations, marine transportation companies etc.
Growth Factors:
- Increasing demand for fiber optic gyroscopes in navigation and guidance systems
- Growing popularity of fiber optic gyroscopes in unmanned aerial vehicles (UAVs) and drones
- Rising demand for fiber optic gyroscopes from the automotive industry
- Proliferation of optical fibers in telecommunications networks
- Technological advancements in fiber optic gyroscope technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Optics Gyroscope Market Research Report
By Type
1 Axis, 2 Axis, 3 Axis
By Application
Aerospace, Robot, Unmanned Aerial Vehicle, Other
By Companies
EMCORE CORPORATION, HONEYWELL INTERNATIONAL, INC., COLIBRYS LTD., KVH INDUSTRIES, INC., NORTHROP GRUMMAN LITEF GMBH, NEDAERO COMPONENTS, IXBLUE SAS, FIZOPTIKA CORP., OPTOLINK LLC, AL CIELO INERTIAL SOLUTIONS LTD.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Optics Gyroscope Market Report Segments:
The global Fiber Optics Gyroscope market is segmented on the basis of:
Types
1 Axis, 2 Axis, 3 Axis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Robot, Unmanned Aerial Vehicle, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EMCORE CORPORATION
- HONEYWELL INTERNATIONAL, INC.
- COLIBRYS LTD.
- KVH INDUSTRIES, INC.
- NORTHROP GRUMMAN LITEF GMBH
- NEDAERO COMPONENTS
- IXBLUE SAS
- FIZOPTIKA CORP.
- OPTOLINK LLC
- AL CIELO INERTIAL SOLUTIONS LTD.
Highlights of The Fiber Optics Gyroscope Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1 Axis
- 2 Axis
- 3 Axis
- By Application:
- Aerospace
- Robot
- Unmanned Aerial Vehicle
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiber Optics Gyroscope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fiber optic gyroscope is a type of gyroscope that uses light instead of spinning metal or plastic to maintain its orientation. Fiber optic gyroscopes are often used in applications where precise motion tracking is required, such as in aircraft and spacecraft navigation systems.
Some of the major players in the fiber optics gyroscope market are EMCORE CORPORATION, HONEYWELL INTERNATIONAL, INC., COLIBRYS LTD., KVH INDUSTRIES, INC., NORTHROP GRUMMAN LITEF GMBH, NEDAERO COMPONENTS, IXBLUE SAS, FIZOPTIKA CORP., OPTOLINK LLC, AL CIELO INERTIAL SOLUTIONS LTD..
The fiber optics gyroscope market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fiber Optics Gyroscope Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fiber Optics Gyroscope Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fiber Optics Gyroscope Market - Supply Chain
4.5. Global Fiber Optics Gyroscope Market Forecast
4.5.1. Fiber Optics Gyroscope Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fiber Optics Gyroscope Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fiber Optics Gyroscope Market Absolute $ Opportunity
5. Global Fiber Optics Gyroscope Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fiber Optics Gyroscope Market Size and Volume Forecast by Type
5.3.1. 1 Axis
5.3.2. 2 Axis
5.3.3. 3 Axis
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fiber Optics Gyroscope Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fiber Optics Gyroscope Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Robot
6.3.3. Unmanned Aerial Vehicle
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fiber Optics Gyroscope Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fiber Optics Gyroscope Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fiber Optics Gyroscope Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fiber Optics Gyroscope Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fiber Optics Gyroscope Demand Share Forecast, 2019-2029
9. North America Fiber Optics Gyroscope Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fiber Optics Gyroscope Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fiber Optics Gyroscope Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Robot
9.4.3. Unmanned Aerial Vehicle
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fiber Optics Gyroscope Market Size and Volume Forecast by Type
9.7.1. 1 Axis
9.7.2. 2 Axis
9.7.3. 3 Axis
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fiber Optics Gyroscope Demand Share Forecast, 2019-2029
10. Latin America Fiber Optics Gyroscope Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fiber Optics Gyroscope Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fiber Optics Gyroscope Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Robot
10.4.3. Unmanned Aerial Vehicle
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fiber Optics Gyroscope Market Size and Volume Forecast by Type
10.7.1. 1 Axis
10.7.2. 2 Axis
10.7.3. 3 Axis
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fiber Optics Gyroscope Demand Share Forecast, 2019-2029
11. Europe Fiber Optics Gyroscope Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fiber Optics Gyroscope Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fiber Optics Gyroscope Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Robot
11.4.3. Unmanned Aerial Vehicle
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fiber Optics Gyroscope Market Size and Volume Forecast by Type
11.7.1. 1 Axis
11.7.2. 2 Axis
11.7.3. 3 Axis
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fiber Optics Gyroscope Demand Share, 2019-2029
12. Asia Pacific Fiber Optics Gyroscope Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fiber Optics Gyroscope Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fiber Optics Gyroscope Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Robot
12.4.3. Unmanned Aerial Vehicle
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fiber Optics Gyroscope Market Size and Volume Forecast by Type
12.7.1. 1 Axis
12.7.2. 2 Axis
12.7.3. 3 Axis
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fiber Optics Gyroscope Demand Share, 2019-2029
13. Middle East & Africa Fiber Optics Gyroscope Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fiber Optics Gyroscope Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fiber Optics Gyroscope Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Robot
13.4.3. Unmanned Aerial Vehicle
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fiber Optics Gyroscope Market Size and Volume Forecast by Type
13.7.1. 1 Axis
13.7.2. 2 Axis
13.7.3. 3 Axis
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fiber Optics Gyroscope Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Fiber Optics Gyroscope Market: Market Share Analysis
14.2. Fiber Optics Gyroscope Distributors and Customers
14.3. Fiber Optics Gyroscope Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EMCORE CORPORATION
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HONEYWELL INTERNATIONAL, INC.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. COLIBRYS LTD.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KVH INDUSTRIES, INC.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NORTHROP GRUMMAN LITEF GMBH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NEDAERO COMPONENTS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IXBLUE SAS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FIZOPTIKA CORP.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OPTOLINK LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AL CIELO INERTIAL SOLUTIONS LTD.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
