Press release
Fiber Optic Gyroscope Market Present Scenario, Demand, New Developments and Research Insights - 2026 | EMCORE Corporation, Honeywell International Inc., KVH Industries, Inc., Safran Colibrys SA
The Fiber Optic Gyroscope Market research report 2021 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Fiber Optic Gyroscope market report provides information regarding market size, share, trends, growth, cost structure, Fiber Optic Gyroscope market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2026.The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Fiber Optic Gyroscope market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Fiber Optic Gyroscope industry and provides data for making strategies to increase market growth and effectiveness. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.
The Fiber Optic Gyroscope Market is expected to grow at a CAGR of 5.7% over the forecast period 2021 - 2026.
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors/key players in the market. Top Companies in the Global Fiber Optic Gyroscope Market: EMCORE Corporation, Honeywell International Inc., KVH Industries, Inc., Safran Colibrys SA, iXBlue SAS, Northrop Grumman LITEF GmbH, Cielo inertial Solutions Ltd, Fizoptika Corporation, NEDAERO, Optolink LLC, Advanced Navigation, and others.
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Key Market Trends
Aerospace and Defense Segment to Dominate the Market
- 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 the defense industry to remain one of the biggest end-user of fiber optic gyroscope. This, coupled with surging investments in the defense sector, like that in the U.S. and Europe, will continue to increase the demand for fiber optic gyroscope.
- UAVs are capable of performing a variety of missions supporting military and intelligence purposes and also a variety of civil purposes. This technology is used for sensing the motion of different aviation applications such as angular, velocity, and speed, among others. Such beneficial features and increasing uses create market demand, which is expected to boost the Fiber Optics Gyroscope market growth.
Asia-Pacific to Witness a Significant Growth Rate
- The Asia Pacific will experience a prominent market growth in the coming years due to some emerging economies that have increased its defense budget. China and Japan are two emerging countries with a huge demand for fiber optics gyroscope in the Asia Pacific region. Other factors that attribute this growth are large population base, increased number of R&D activities, rapid industrialization, and high investment for the improvement of the sensors.
- Moreover, as Japan is well known as the automobile industry's manufacturing hub, driverless vehicles' new development plan is giving rise to the adoption of fiber-optic-gyroscopes. Furthermore, the increased enforcement of regulations from countries like China, Japan, and South Korea, has encouraged companies to invest. Thus, end-user companies are willing to invest in the measurement of orientation in several devices monitoring systems for their safety, encouraging market growth.
Recent developments in the market are –
- July 2020 - KVH Industries, Inc., announced that it has received a new order with a net value of more than USD 10 million for its TACNAV tactical navigation systems for use by an international military customer. KVHs fiber optic gyro (FOG)-based TACNAV systems are designed to provide unjammable inertial navigation data that fills in the gaps when GNSS is lost or unavailable, helping to keep soldiers and missions on track.
What are the market factors that are explained in the report?
- Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
- Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
- Analytical Tools: The Fiber Optic Gyroscope Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. Analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
For More Information On This Report, Please Visit:
https://www.marketinsightsreports.com/reports/02082593550/fiber-optic-gyroscope-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=Ab56
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
If you have any questions about any of our “Fiber Optic Gyroscope Market Report” or would like to schedule a personalized free demo of the Fiber Optic Gyroscope market report, please do not hesitate to contact me at irfan@marketinsightsreports.com.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market insights reports provide global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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