Press release
Fiber Optic Gyroscope Market 2021 Strategic Forecasting – Precise Outlook By 2026
The Fiber Optic Gyroscope Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Fiber Optic Gyroscope market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Fiber Optic Gyroscope market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Fiber Optic Gyroscope market.The Fiber Optic Gyroscope Market is expected to grow at a CAGR of 5.7% over the forecast period 2021 - 2026.
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Top Leading Companies of Fiber Optic Gyroscope Market are - 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.
Industry News and Updates:
- 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. KVH’s 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.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Fiber Optic Gyroscope Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Fiber Optic Gyroscope Market (%),2016 - 2026
- Fiber Optic Gyroscope Market Share, By Brand
- Fiber Optic Gyroscope Market Share, By Company
- Fiber Optic Gyroscope Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Fiber Optic Gyroscope Market Value Analysis & Forecast
- Promising Fiber Optic Gyroscope Development by Major Companies
- Detailed Fiber Optic Gyroscope Portfolio of the Major Companies
- Major Deals in the Fiber Optic Gyroscope Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides 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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