Press release
Fiber Optic Gyroscope Market 2021 Business Scenario – EMCORE Corporation, Honeywell International Inc., KVH Industries, Inc
The Fiber Optic Gyroscope Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The Fiber Optic Gyroscope Market is expected to grow at a CAGR of 5.7% over the forecast period 2020 to 2025.
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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.
Regional Outlook of Fiber Optic Gyroscope Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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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.
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. The 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.
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.
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.
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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. 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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