Market Overview:
The global fiber optic gyroscopes market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fiber optic gyroscopes in various applications such as electronics, transportation, aerospace & defense, industrial and other applications. Fiber optic gyroscopes are used in various end-use industries owing to their high accuracy and stability over a wide range of temperatures. North America is expected to hold the largest share of the global fiber optic gyroscopes market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Fiber optic gyroscopes are used to measure the orientation and rotation of objects. They are important because they can be used in many different applications, such as stabilization, navigation, and control.
1-Axis:
1-axis gyroscopes are the most basic type of gyroscopes. They have only one degree of freedom to do rotation around an axis. The main applications where 1-axis gyroscopes are used is in smartphones and tablets for motion detection, inertial navigation systems, and 3D accelerometers.
2-Axis:
2-axis gyroscopes are used in fiber optic gyroscopes market to measure the orientation and rotation angle of a device. It is one of the most important components in any fiber optic gyroscope system as it provides information regarding the direction, nature, and quality of light. The 2-axis gyroscopes can be easily integrated into any type of optical instrument or device such as cameras, smartphones, projectors etc.
Application Insights:
The electronics segment dominated the global market in terms of revenue share in 2017. The product demand is witnessing a paradigm shift due to its applications in smartphones, tablets, laptops and other smart devices. Moreover, the growing use of fiber optic gyroscopes as inertial sensors in electronic watches is expected to drive the overall market over the forecast period.
Aerospace & defense was one of the prominent segments accounting for a significant revenue share owing to increasing adoption of advanced technology products by various end-use industries such as aerospace and defense globally. Furthermore, rapid growth within these sectors coupled with high R&D activities is anticipated to further fuel industry expansion over next eight years across regions globally. Transportation sector accounted for another significant revenue share owing to extensive usage within automotive navigation systems and Global Positioning Systems (GPS).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and research institutes working on gyroscopic systems. The region is expected to maintain its dominance over the forecast period due to increasing defense spending by countries, such as U.S., China, India, and Japan. These factors are also expected to drive demand for fiber optic gyroscopes in industrial applications such as metrology & measurement equipment used for quality control of components and products during manufacturing processes; automotive electronics; oil & gas industry; power generation equipment etc.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing with increasing adoption by end-use industries across emerging economies including China, Japan, South Korea among others which are majorly driven by rising investments in research facilities along with growing need for high precision sensors that can detect any type of vibration or movement resulting from external forces like wind or earthquake etc.
Growth Factors:
- Increasing demand for fiber optic gyroscopes in defense and aerospace applications
- Growing popularity of fiber optic gyroscopes in navigation and guidance systems
- Rising demand for high-precision fiber optic gyroscopes from industrial and commercial sectors
- Proliferation of unmanned aerial vehicles (UAVs) and increasing adoption of fiber optic gyroscopes in UAVs
- Technological advancements in the field of fiber optic gyroscope technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Optic Gyroscopes Market Research Report
By Type
1-Axis, 2-Axis, 3-Axis, Other
By Application
Electronics, Transportation, Aerospace & Defense, Industrial, Other
By Companies
Analog Devices, Honeywell International, Invensense, Kionix, Murata Manufacturing, Northrop Grumman Litef Gmbh, NXP Semiconductors, Robert Bosch GmbH, Analog Devices
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Optic Gyroscopes Market Report Segments:
The global Fiber Optic Gyroscopes market is segmented on the basis of:
Types
1-Axis, 2-Axis, 3-Axis, Other
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
Electronics, Transportation, Aerospace & Defense, Industrial, 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:
- Analog Devices
- Honeywell International
- Invensense
- Kionix
- Murata Manufacturing
- Northrop Grumman Litef Gmbh
- NXP Semiconductors
- Robert Bosch GmbH
- Analog Devices
Highlights of The Fiber Optic Gyroscopes 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
- Other
- By Application:
- Electronics
- Transportation
- Aerospace & Defense
- Industrial
- 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 Optic Gyroscopes 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
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Fiber optic gyroscopes are a type of gyroscope that uses light to detect rotation. Fiber optic gyroscopes are often used in aircraft and spacecraft because they can provide accurate measurements even in low-light conditions.
Some of the key players operating in the fiber optic gyroscopes market are Analog Devices, Honeywell International, Invensense, Kionix, Murata Manufacturing, Northrop Grumman Litef Gmbh, NXP Semiconductors, Robert Bosch GmbH, Analog Devices.
The fiber optic gyroscopes market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fiber Optic Gyroscopes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fiber Optic Gyroscopes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fiber Optic Gyroscopes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fiber Optic Gyroscopes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fiber Optic Gyroscopes Market Size & Forecast, 2020-2028
4.5.1 Fiber Optic Gyroscopes Market Size and Y-o-Y Growth
4.5.2 Fiber Optic Gyroscopes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 1-Axis
5.2.2 2-Axis
5.2.3 3-Axis
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronics
6.2.2 Transportation
6.2.3 Aerospace & Defense
6.2.4 Industrial
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fiber Optic Gyroscopes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fiber Optic Gyroscopes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 1-Axis
9.6.2 2-Axis
9.6.3 3-Axis
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronics
9.10.2 Transportation
9.10.3 Aerospace & Defense
9.10.4 Industrial
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 1-Axis
10.6.2 2-Axis
10.6.3 3-Axis
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronics
10.10.2 Transportation
10.10.3 Aerospace & Defense
10.10.4 Industrial
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 1-Axis
11.6.2 2-Axis
11.6.3 3-Axis
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronics
11.10.2 Transportation
11.10.3 Aerospace & Defense
11.10.4 Industrial
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 1-Axis
12.6.2 2-Axis
12.6.3 3-Axis
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronics
12.10.2 Transportation
12.10.3 Aerospace & Defense
12.10.4 Industrial
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 1-Axis
13.6.2 2-Axis
13.6.3 3-Axis
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronics
13.10.2 Transportation
13.10.3 Aerospace & Defense
13.10.4 Industrial
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fiber Optic Gyroscopes Market: Competitive Dashboard
14.2 Global Fiber Optic Gyroscopes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Analog Devices
14.3.2 Honeywell International
14.3.3 Invensense
14.3.4 Kionix
14.3.5 Murata Manufacturing
14.3.6 Northrop Grumman Litef Gmbh
14.3.7 NXP Semiconductors
14.3.8 Robert Bosch GmbH
14.3.9 Analog Devices
