Rising Demand For Precise Motion Control And Robotics Fuels Fiber Optic Gyroscope Market Growth: Key Factor Driving The Growth In The Fiber Optics Gyroscope Market

The Fiber Optics Gyroscope Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Fiber Optics Gyroscope Market Size During the Forecast Period?
There has been a significant increase in the size of the fiber optics gyroscope market in the past few years. Its expansion is projected to continue from $1.27 billion in 2024 to $1.38 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The increase during the historical period can be attributed to the surging automation industry, heightened homeland security, growing demand for advanced technological solutions, increasing use of unmanned vehicles in both defense and civilian applications, and rising demand for commercial and military aircraft.

The market size of fiber optics gyroscope is predicted to witness considerable expansion in the forthcoming years, with forecasts showing a growth reaching $1.81 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. This predicted growth during the forecast period could be a result of the increasing requirement for precision in motion control and robotics, a surge in demand for reliable navigation and positioning systems, expansion in the defense sector, an increased need for sophisticated guidance and control systems, growing demand for accurate navigation systems. Key trends for the forecast period encompass technological progress in fiber optic gyroscopes, the incorporation of these gyroscopes into autonomous vehicles, uptake of these gyroscopes in developing economies, advancements in gyroscope technologies, and developments within the defense and aviation sector.

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What Are the High-Growth Segments in the Fiber Optics Gyroscope Market?
The fiber optics gyroscope market covered in this report is segmented -

1) By Device Type: Gyrocompass, Inertial Navigation System, Inertial Measurement Unit, Other Device Types
2) By Sensing Axis: 1-Axis, 2-Axis, 3-Axis
3) By Application: Tactical Grade Applications, Remotely Operated Vehicle Guidance, Aeronautics And Aviation, Robotics, Defense And Homeland Security, Industrial

Subsegments:
1) By Gyrocompass: Marine Gyrocompasses, Land-Based Gyrocompasses
2) By Inertial Navigation System (INS): Airborne INS, Land-Based INS, Marine INS
3) By Inertial Measurement Unit (IMU): High-Performance IMUs, Tactical IMUs, Consumer IMUs
4) By Other Device Types: Stabilization Systems, Navigation Systems For Aerospace, Robotics And Automation Systems

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What Key Drivers Are Expected to Influence Future Fiber Optics Gyroscope Market Growth?
The fiber optics gyroscope market's expansion is expected to be driven by the escalating need for accurate motion control and robotics. Accurate motion control is the capability to direct robotic assets with precision, enabling them to execute tasks either autonomously or semi-autonomously with dependability and exactness. Robotics is a multidisciplinary domain that focuses on the design, construction, operation, and utilization of robots. The growing demand for accurate motion control and robotics can be attributed to the requirement for efficiency, precision, and automation in various sectors. Fiber optic gyroscopes offer stable and precise angular rate readings, improving accuracy in motion control and robotic applications. As an example, a report by the International Federation of Robotics, a German-based robotics advocacy organization, showed that the number of industrial robots installed rose by 10% from 2022 to 2023, with a total of 4,281,585 industrial robot units operating worldwide in 2023. Hence, the escalating demand for accurate motion control and robotics is propelling the expansion of the fiber optic gyroscope market.

Which Companies Hold the Largest Share Across Different Fiber Optics Gyroscope Market Segments?
Major companies operating in the fiber optics gyroscope market are Northrop Grumman Corporation, Honeywell International Inc., Safran S.A, TDK Corporation, STMicroelectronics, Murata Manufacturing Co. Ltd., NXP Semiconductor, SAAB AB, Trimble Inc., Epson America Inc., iXBlue SAS, EMCORE Corporation, Luna Innovations, Advanced Navigation, Cielo Inertial Solutions Ltd., Furukawa (OFS), Fibernetics LLC, Silicon Sensing Systems Limited, Tamagawa Seiki Co. Ltd., Colibrys Ltd., Fizoptika Corporation, Nyfors Teknologi AB, NedAero Components B.V, Optolink LLC, FIBERPRO Inc., Ericco International

What Trends Are Driving Growth in The Fiber Optics Gyroscope Market?
Key players in the fiber optics gyroscope market, like Advanced Navigation, are focusing on the creation of innovative products, such as digital fiber-optic gyroscope inertial navigation systems, in an attempt to secure their market position. These state-of-the-art navigation systems use fiber-optic gyroscopes to accurately calculate angular rates, and inertial sensors for precise acceleration. In October 2022, for example, Advanced Navigation which is based in Australia released the Boreas D70, a new digital fiber-optic gyroscope (FOG) inertial navigation system (INS). This novel technology achieves a significant 40% reduction in size, weight, power, and cost compared to equivalent systems, while maintaining superior performance metrics. The product's specialties include a rapid gyro compass, AI-powered fusion algorithms, a double-antenna real-time kinematic positioning (RTK) global navigation satellite system (GNSS) receiver, and an extensive data-access Internet interface.

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What Are the Emerging Geographies for The Fiber Optics Gyroscope Market Growth?
North America was the largest region in the fiber optics gyroscope market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fiber optics gyroscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fiber Optics Gyroscope Market?
2. What is the CAGR expected in the Fiber Optics Gyroscope Market?
3. What Are the Key Innovations Transforming the Fiber Optics Gyroscope Industry?
4. Which Region Is Leading the Fiber Optics Gyroscope Market?

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