openPR Logo
Press release

Global Fiber Optic Gyroscope Market Exhibits Higher Growth Prospects during 2018-2028 / Major Northrop Grumman Litef GmbH, Nedaero Components, Ixblue SAS, Fizoptika Corp., Optolink LLC, and AL Cielo Inertial Solutions Ltd

03-13-2019 08:09 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Global Fiber Optic Gyroscope Market Exhibits Higher Growth

Majority share of the fiber optic gyroscope market, over 50%, will remain collectively hinged by Tier 1 companies, while Tier 2 and Tier 3 companies witness challenges apropos of capital investment for scaling up their business in the fiber optic gyroscope market. Nature of the fiber optic gyroscope market continues to remain moderately concentrated, and characterized by oligopolistic competition. The need for high initial investment remains a major barrier to entry in the Fiber Optic Gyroscope Market, which underpins consolidation of the market among few leading players.

Claim Sample Report For FREE:

Tier 1 market players will continue to witness promising growth prospects, with their patented fiber optic gyroscope technologies, which help them to introduce advanced fiber optic gyroscopes that feature improved functionality, reliability and durability. Extensive adoption of fiber optic gyroscope in complex application entails demand for high-end product offerings from end-users, which further implies products of Tier 1 players with technological and capital vigor to remain sought-after.

Fiber Optic Gyroscope Sales to Ride Coattails of Ballooning Defense Budgets Worldwide

The European Commission allocated over €90 million for the European Defense Fund from the EU budget for 2017-19, which increased up to €13 billion for the span of 2021-2027. Likewise for the U.S., the budget for defense increased from around US$ 606 billion in 2017 to US$ 639.1 billion in a year, and the President’s FY2019 budget request for national defense includes nearly US$ 726 billion. Widespread use of fiber optic gyroscopes in military applications, such as missiles flight control, ground detection, and dynamic Global Positioning System (GPS) tracking, has made defense industry to remain one of the biggest end-user of fiber optic gyroscope. This coupled with surging investments in the defense sector, as that in the U.S. and Europe, will continue to proliferate demand for fiber optic gyroscope.

Miniaturization – An Ongoing Trend in the Fiber Optic Gyroscope Development

Miniaturized fiber optic gyroscopes offer highly effective integration in high-end industrial applications. Key industry experts apropos of fiber optic gyroscope are adopting innovative technologies to leverage the structural advantages associated with the compactness and size of fiber optic gyroscopes. Research efforts, such as those by researchers from Micro-Satellite Research Center, School of Aeronautics and Astronautics, Zhejiang University, focused toward discovering novel methods for designing miniaturized fiber optic gyroscopes with greater efficiency, to offset functionality related challenges linked with reducing size of these gyroscopes, are primary examples of such innovative developmental activities.

Relative Intensity Noise Remains a Key Challenge in Use of Fiber Optic Gyroscopes

Higher decibels of measurement noise associated with fiber optic gyroscopes continue to remain a key confinement to their efficiency in high-end applications. Fiber optic gyroscopes, commonly used in inertial guidance systems, are associated with high relative intensity noise (RIN), and exhibit poor operational efficiency, thereby impeding their penetration into the marketplace.. As the noise level has become one of the most important performance parameter of fiber optic gyroscopes for end-users, it is forcing manufacturers to include high-cost noise reduction systems for eliminating noise from various sources in fiber optic gyroscopes. Use of fiber ring resonator (FRR) to reduce relative intensity noise is one such advancement in the fiber optic cable market.

Fiber Optic Gyroscope - Most-Trusted, Non-Mechanical Performance Booster in Modern Inertial Navigation Systems

Growth prospects of the fiber optic gyroscope market witness a significant impact of advanced operational features, such as vibration resistance, flexibility, and shock resistance, and robustness of fiber optic gyroscopes when they are employed in inertial navigation systems. As fiber optic gyroscopes minus the mechanical components of traditional gyroscopes, it enables end-users to enhance the performance characteristics of fiber optic gyroscope-based inertial navigation systems.

Request Full Report with TOC:

Fiber optic gyroscope-based inertial navigation systems exhibit high output rate and attains high accuracy at measuring angular velocity of multiple objects in a vast range of angles. This entails the rapidly-growing adoption of inertial navigation systems in unmanned military vehicles and airborne surveillance systems, ultimately triggering demand for fiber optic gyroscopes in the aerospace & defense industry.

The FactMR report presents comprehensive information about the latest developments in the fiber optic gyroscope market. Readers can find segment in the report with detailed information about the leading players in the fiber optic gyroscope market, which includes detailed profile of the company, important financial information, regional penetration of the company, and the latest company developments.

EMCORE Corporation introduced its EN-150 Inertial Measurement/Navigation Unit, which is highly suitable for dismounted soldiers and weaponry, platform stabilization, and unmanned aerial vehicles where is GPS is not available. It replaces Ring Laser Inertial Measurement Units (IMU) with smaller size and high performance fiber optic gyroscope-based inertial measurement units and expands its current product portfolio.

Another player in the fiber optic gyroscope market, KVH Industries, Inc. recently launched its new fiber optic gyroscope-based IMU with 25g accelerometer. The new IMU is designed for dynamic applications with high levels of shock, vibration, and acceleration. Furthermore, the company collaborated with VectorNav Technologies LLC, a provider of embedded navigation solution, to combine the reliability and precision KVH’s fiber optic gyroscope-based IMU with high-performance navigation systems by VectorNav to capitalize on a wide range of its industrial applications.

The fiber optic gyroscope market is expected to witness the trend of a majority of market players, such as Honeywell International, Inc., Nedaero Components, Northrop Grumman Litef GmbH, and Optolink LLC, focusing on supplying fiber optic gyroscopes that are suitable for the aerospace and defense industry. Growth dynamics of the aerospace and defense industry are likely to make a significant impact on the manufacturing strategies of market players and competitive environment in the fiber optic gyroscope market in the upcoming years.


To provide seamless information about the fiber optic gyroscope market to readers, the Fact.MR report divides the market into its major sub-segments. The fiber optic gyroscope market is segmented broadly into four sub-segments – sensing axis, device types, verticals, and regions. Based on the sensing axis of fiber optic gyroscope, the fiber optic gyroscope market is segmented into three types, viz., 1-axis, 2-axis, and 3-axis.

Depending on the device types, the fiber optic gyroscope market is broadly segmented into three major types – Gyrocompass, Inertial Measurement Unit, and Inertial Navigation Systems. By verticals, the fiber optic gyroscope market is broadly segmented into six industrial sectors – aerospace & defense, automotive, robotics, mining, healthcare, and transportation & logistics. According to the geographic regions, the fiber optic gyroscope market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).

Ask an Analyst- 

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Read Industry News at -

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Fiber Optic Gyroscope Market Exhibits Higher Growth Prospects during 2018-2028 / Major Northrop Grumman Litef GmbH, Nedaero Components, Ixblue SAS, Fizoptika Corp., Optolink LLC, and AL Cielo Inertial Solutions Ltd here

News-ID: 1650516 • Views: 277

More Releases from Fact.MR

11-09-2020 | Health & Medicine
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
10-05-2020 | Health & Medicine
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel

All 5 Releases

More Releases for Fiber

Global Hollow Fiber Filtration Market
Global Hollow Fiber Filtration Market was valued US$ 242.0 Mn in 2017 and is estimated to reach US$ 710.4 Mn by 2026, at a CAGR of 14.41% during a forecast period. For More Information Visit Hollow Fiber Filtration Market is segmented into Technique, Material, Application, by End-user and Region. In terms of Technique is classified into Microfiltration and Ultrafiltration. In terms of Material, the Hollow Fiber Filtration Market is categorized into
Advancements in Blended Fiber Market
Blended fiber is manufactured by blending or mixing two or more different kinds of fiber to create a new fiber having unique properties. Blended fabrics are manufactured to cater to particular applications that require specific properties. Various kinds of blended fiber can be prepared with different properties for varied applications. Read report overview at: Based on raw materials used for making blended fiber, the blended fiber market can be categorized
Graphite Fiber Felt Market Outlook 2023 Ceramaterials, Fiber Materials
A market study ” Global Graphite Fiber Felt Market ” examines the performance of the Graphite Fiber Felt market Size 2017. It encloses an in-depth Research of the Graphite Fiber Felt market state and the competitive landscape globally. This report analyzes the potential of Graphite Fiber Felt market in the present and the future prospects from various angles in detail. Get Free Sample Of Report: The Global Graphite Fiber Felt Market
Global Concrete Fiber Market 2017: Anteng Gangxianwei, Taian Tongban Fiber, Junw …
Global Concrete Fiber research report provides the complete and precise view of the market during the forecast period from 2017-2022. The Concrete Fiber market Report enlists the different factors which can help the readers in transforming their knowledge into vital business decisions. To start with the Concrete Fiber report analyses the market development based on market gains, extensive product applications, dominant market regions and the companies within these regions. At an
Natural Fiber Composites Market
With the increasing concern due to the recyclability and biodegradability composites such as glass and carbon, natural fiber composites serves as perfect replacement. Attributing to added properties such as high durability, low density, lightweight and cost effectiveness, natural fiber composites have gained significant traction. Natural fiber composites are reinforced matrices structure formed using natural fibers. Natural fiber such as coir, jute, bagasse, cotton, bamboo, hemp are used to manufacture high
Global Knitting Carbon Fiber Cloth Market 2017 : SGL, Zhongfushenying Carbon Fib …
Knitting Carbon Fiber Cloth A market study based on the " Knitting Carbon Fiber Cloth Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Knitting Carbon Fiber Cloth Market 2017’. The research report analyses the historical as well as present performance of the worldwide Knitting Carbon Fiber Cloth industry, and makes predictions on the future status of Knitting Carbon Fiber Cloth market on the