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Rising Demand For Precise Motion Control And Robotics Fuels Fiber Optic Gyroscope Market Growth: Critical Driver Shaping the Global Fiber Optics Gyroscope Market in 2025
Fiber Optics Gyroscope
What Will the Fiber Optics Gyroscope Industry Market Size Be by 2025?
Recent years have seen a robust growth in the market size of fiber optics gyroscope. This trend is projected to continue, with the market size forecasted to increase from $1.27 billion in 2024 to $1.37 billion in 2025, maintaining a compound annual growth rate (CAGR) of 7.3%. A few key contributors to this growth in the past have been the soaring automation industry, improved homeland security, increased need for high-end tech solutions, speedy growth in the sector of unmanned vehicles both in defense and civilian uses, as well as the burgeoning demand for both commercial and military aircraft.
What's the Long-Term Growth Forecast for the Fiber Optics Gyroscope Market Size Through 2029?
Anticipated robust expansion in the forthcoming years is expected in the fiber optics gyroscope market, escalating to a projected $1.73 billion by 2029 with a 6.1% Compound Annual Growth Rate (CAGR). The surge during this forecasting period can be accredited to multiple elements such as the escalating requisite for accurate motion control and robotics, amplified demand for precise navigation and positioning systems, burgeoning defense sector, and an increased need for sophisticated guidance and control systems, as well as an uptick in the demand for accurate navigation systems. Forecast period trends consist of technological progression in fiber optic gyroscopes, incorporation of such gyroscopes within autonomous vehicles, acceptance of these gyroscopes within developing economies, advancements in gyroscope technologies, and expansion within the defense and aviation industries.
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What Are the Key Growth Drivers Fueling the Fiber Optics Gyroscope Market Expansion?
The accelerating requirement for accurate motion regulation and robotics is anticipated to drive the expansion of the fiber optics gyroscope industry. Accurate motion regulation denotes the capacity to manage the movement of robotic resources with precision, enabling them to perform duties either independently or semi-independently, with trustworthiness and exactness. Robotics is a multidisciplinary area that encompasses robot design, creation, operation, and utilization. The urgent demand for exact motion regulation and robotics is surging due to the necessity for efficiency, accuracy, and automation in various sectors. Fiber optic gyroscopes offer consistent and precise angular velocity measurements, improving precision in motion regulation and robotic applications. For instance, a report from the International Federation of Robotics, a German-based robotics protection organization, stated in September 2024 that the installation of industrial robots rose by 10% from 2022 to 2023, with the count of industrial robots reaching 4,281,585 units in operation globally in factories in 2023. Hence, the growing necessity for accurate motion regulation and robotics is propelling the expansion of the fiber optic gyroscope industry.
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What Are the Key Trends Driving Fiber Optics Gyroscope Market Growth?
Leading firms in the fiber optics gyroscope industry are focusing on the creation of pioneering products, including digital fiber-optic gyroscope inertial navigation systems, in an attempt to distinguish themselves from competitors. A digital fiber-optic gyroscope (FOG) inertial navigation system (INS) exemplifies advanced navigation technology, making use of fiber-optic gyroscopes to accurately measure angular rates and inertial sensors for exacting acceleration analysis. Take for instance, the launch of the Boreas D70, a new digital fiber-optic gyroscope (FOG) inertial navigation system (INS) in October 2022 by Advanced Navigation, a top-tier electronics manufacturer based in Australia. This piece of technology presents a 40% decline in aspects such as size, weight, power, and cost while maintaining high performance standards, in comparison to similar systems. Some notable features of the Boreas D70 include speedy gyro compassing, AI-enhanced fusion algorithms, a dual-antenna RTK GNSS receiver, and an extensive data-access web interface.
How Is the Fiber Optics Gyroscope Market Segmented?
The fiber optics gyroscopemarket 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 Companies Are Leading the Charge in Fiber Optics Gyroscope Market Innovation?
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 Are Leading the Global Fiber Optics Gyroscope Market in Revenue?
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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