Press release
Fiber Optics Gyroscope Market Expansion Continues, with Forecast Valuation of $1.81 Billion by 2029
Fiber Optics Gyroscope
Fiber Optics Gyroscope Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the fiber optics gyroscope market has seen a robust growth, with its value expected to increase from $1.27 billion in 2024 to $1.38 billion in 2025, at a compound annual growth rate (CAGR) of 8.7%. This notable expansion during the historical period can be credited to several key factors: the surge in the automation industry, heightened homeland security measures, an escalating demand for high-tech solutions, a quick proliferation of unmanned vehicles for defense and civilian use, and an expanding demand for commercial and military aircraft.
Fiber Optics Gyroscope Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the fiber optics gyroscope is anticipated to witness substantial growth in the upcoming years. The predictions indicate a growth to $1.81 billion by 2029, displaying a compound annual growth rate (CAGR) of 7.0%. This projected growth during the forecast period is linked to factors like the escalating need for accurate motion control and robotics, an amplified demand for precision navigation and positioning systems, the expansion of the defense sector, growing necessity for sophisticated guidance and control systems, and surging demand for accurate navigation systems. Notable trends predicted for the forecast period encompass advancements in fiber optic gyroscope technologies, their integration with autonomous vehicles, adoption in developing economies, progress in gyroscope technologies, and developments in defense and aviation sectors.
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What Are the Drivers Transforming the Fiber Optics Gyroscope Market?
The surging demand for accurate motion control and robotics is anticipated to drive the progress of the fiber optics gyroscope market in the future. The term accurate motion control pertains to the capacity to accurately manipulate the movement of robotic equipment, enabling them to undertake assignments either autonomously or semi-autonomously with trustworthiness and precision. Robotics encompasses diverse domains like robot design, construction, operation, and utilization. The necessity for accurate motion control and robotics is on the rise due to the requirements for efficiency, precision, and automation in multiple sectors. Fiber optic gyroscopes offer consistent and precise angular rate assessments, bolstering accuracy in motion control and robotics uses. For example, a report from the International Federation of Robotics, a German organization dedicated to the preservation of robotics, stated in September 2024 that the count of installed industrial robots saw an uptick of 10% from 2022 to 2023, amounting to 4,281,585 units of operational industrial robots globally in factories by 2023. Hence, the escalating necessity for accurate motion control and robotics is fueling the growth of the fiber optic gyroscope market.
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What Long-Term Trends Will Define the Future of the Fiber Optics Gyroscope Market?
Key companies in the fiber optics gyroscope market are creating groundbreaking products like digital fiber-optic gyroscope inertial navigation systems to stand out in the competitive landscape. Essentially, a digital fiber-optic gyroscope (FOG) inertial navigation system (INS) is an advanced navigation mechanism that leverages fiber-optic gyroscopes for precise angular rate measurements and inertial sensors for precise acceleration. For instance, Advanced Navigation, an electronics manufacturer based in Australia, rolled out a new digital fiber-optic gyroscope (FOG) inertial navigation system (INS), the Boreas D70, in October 2022. This cutting-edge technology offers a 40% slash in size, weight, power, and cost compared to similar systems but still delivers high performance. The Boreas D70 boasts super-quick gyro compassing, AI-driven fusion algorithms, a dual-antenna real-time kinematic positioning (RTK) global navigation satellite system (GNSS) receiver, along with a robust data access web interface.
Which Segments in the Fiber Optics Gyroscope Market Offer the Most Profit Potential?
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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Which Firms Dominate the Fiber Optics Gyroscope Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Fiber Optics Gyroscope Market?
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.
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