Press release
Global Fiber Optic Gyroscope Market is Expected to Mask a CAGR of 3.6% by 2023 | Top Key Players – Honeywell International Inc., KVH Industries Inc., Nedaero, Safran Colibri’s SAS, IXblue SAS
The Global Fiber Optic Gyroscope Market is expected to reach USD 1,037.0 million by 2023 at CAGR of 3.6 % during the projected period. The fiber optic gyroscope is used in sensing the object orientation that gives a very accurate information about the rotational rate. Based on sensing axis the market is segregated into 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. Increasing defense expenditure across all economies is one of the major factors that are positively influencing the growth of global fiber optic gyroscope market.
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Growing demand for defense equipment and the rising adoption of automation in industries & homes are the major factors that have contributed to the growth of the global fiber optic gyroscope market. Region wise, the North America is the strongest region for the fiber optic gyroscope market. As the investment in defense sector is considerably high in North American countries as compare to other countries, so this factor is projected to drive the growth of the North America fiber optic gyroscope market in coming years. However, as fiber optic gyroscope designs are slightly sensitive to vibrations, there designing process is very complexed. The factors which are hampering the growth of the fiber optic gyroscope market are such as, its highly complex design and time-consuming manufacturing process.
Segmentation
The research offers a comprehensive analysis of global fiber optic gyroscope market with respect to following sub-markets:
By Type
- 1-axis.
- 2-axis.
- 3 axis.
By Application
- Aeronautics and Aviation
- Remotely Operated Vehicle Guidance
- Space Application
- Tactical Grade Application
- Robotic
- Defense and Homeland Security
- Industrial
- Others
By Device
- Inertial Navigation System
- Inertial Measurement Units
- Gyrocompass
- Attitude Heading Reference System
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive landscape
The report profiles various major market players such as,
- Honeywell International Inc.
- KVH Industries Inc.
- Nedaero
- Safran Colibri’s SAS
- IXblue SAS
- Al Cielo Inertial Solutions Ltd.
- Northrop Grumman LITEF GmbH
- Fizoptika Corporation
- Optolink LLC
- Other Major & Niche Key Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Fiber Optic Gyroscope Market
3. Global Fiber Optic Gyroscope Market Trends
4. Opportunities in Global Fiber Optic Gyroscope Market
5. Recent Type Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Fiber Optic Gyroscope Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)
9. Global Fiber Optic Gyroscope Market Segmentation Analysis, By Type
9.1. Introduction
9.2. Market Attractiveness, By Type
9.3. BPS Analysis, By Type
9.4. 1-axis.
9.5. 2-axis.
9.6. 3-axis.
10. Global Fiber Optic Gyroscope Market Segmentation Analysis, By Application
10.1. Introduction
10.2. Market Attractiveness, By Application
10.3. BPS Analysis, By Application
10.4. Aeronautics and Aviation
10.5. Remotely Operated Vehicle Guidance
10.6. Space Application
10.7. Tactical Grade Application
10.8. Robotic
10.9. Defense and Homeland Security
10.10. Industrial
10.11. Others
11. Global Fiber Optic Gyroscope Market Segmentation Analysis, By Device
11.1. Introduction
11.2. Market Attractiveness, By Device
11.3. BPS Analysis, By Device
11.4. Inertial Navigation System
11.5. Inertial Measurement Units
11.6. Gyrocompass
11.7. Attitude Heading Reference System
12. Geographical Analysis
12.1. Introduction
12.2. North America Fiber Optic Gyroscope Market Size (USD Million) & Volume, 2017-2023
12.2.1. By Type
12.2.2. By Application
12.2.3. By Device
12.2.4. By Country
12.2.4.1. Market Attractiveness, By Application
12.2.4.2. BPS Analysis, By Application
12.2.4.3. U.S. Market Size (USD Million) 2017-2023
12.2.4.4. Canada Market Size (USD Million 2017-2023
Continue….@
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