Fiber Optic Gyroscope Market to Worth $1,675.87 Million by 2025
databridgemarketresearch.com released a new research report of 350 pages on title “Global Fiber Optics Gyroscope Market Research Report 2018-2025 by Players, Regions, Size, Share Product Types and Applications” with detailed analysis, forecast and strategies.
Global Fiber Optic Gyroscope Market is expected to reach USD 1,675.87 Million by 2025 from USD 1,318.56 Million in 2017, at a CAGR of 3.3% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Fiber Optic Gyroscope Market By Sensing Axis (1- Axis, 2-Axis, 3- axis), By Device (Inertial Navigation System, Inertial Measurement Units, Gyrocompass, Attitude Heading Reference System), By Application (Defense And Homeland Security, Aeronautics And Aviation, Tactical Grade Application {Unmanned Ground Vehicle, Unmanned Underwater Vehicle, Unmanned Aerial Vehicle}, Remotely Operated Vehicle Guidance, Industrial, Robotics), By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)- Industry Trends and Forecast to 2025
Report Drivers:
- Rising adoption of automation and demand of remotely operated vehicles
- Growing expenses related to defense
Restraint:
- Rising demand of advanced microelectromechanical systems gyroscopes
- High complexity, high investment and more time consuming
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Segmentation of Global Fiber Optic Gyroscope Market:
The global fiber optic gyroscope market is segmented based on sensing axis into three notable segments; 1- axis, 2- axis and 3- axis. The fiber optic gyroscope market is dominated by 1- axis with 55.7% market share in 2017 and 3-Axis is expected to grow at the highest CAGR of 4.1% in the forecast period.
The global fiber optic gyroscope market is segmented based on device into four notable segments system; inertial navigation system, inertial measurement units, gyrocompass and attitude heading reference system.
The global fiber optic gyroscope market is segmented based on application into six notable segments system; defense and homeland security, aeronautics and aviation, tactical grade application, remotely operated vehicle guidance, industrial and robotics. Tactical grade application is further sub segmented into three types unmanned ground vehicle, unmanned underwater vehicle and unmanned aerial vehicle.
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Key Players Mentioned:
- EMCORE Corporation
- Honeywell International, Inc.
- Northrop Grumman LITEF GmbH
- Optolink LLC.
- SafranColibrys SA
- Fizoptika Corp.
- KVH Industries, Inc.
- Ixblue SAS
- AL Cielo Inertial Solutions Ltd.
- NedAero Components
Geographical Segmentation:
The global fiber optics gyroscope market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East and Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Key Drivers of Global Fiber Optic Gyroscope Market:
- Some of the major factors driving the market for global fiber optic gyroscope are effective integration due to compact designing and miniaturization, growing demand for remotely operated vehicle and increased acceptance of fiber optic gyroscopes in industrial areas.
- Availability of alternatives is the factor which may hinder the growth of this market.
- Utilization of fiber optic gyroscope for measuring drilling (MWD) processes in the oil industry will drive the market in future.
Key Points of Global Fiber Optic Gyroscope Market:
- Honeywell International Inc. is going to dominate the fiber optic gyroscope market following with KVH Industries, Inc. and EMCORE Corporation along with others such as NEDAERO, Safran Colibrys SA, iXblue, Al Cielo Inertial Solutions Ltd., Northrop Grumman LITEF GmbH, Fizoptika Corporation and OPTOLINK LLC among others.
- Defense and Homeland Security market is growing with the highest CAGR
- Axis is driving the market with highest market share
- Axis segment is dominating the fiber optic gyroscope market
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Research Methodology of Global Fiber Optics Gyroscope Market:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your inquiry.
Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.
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