Fiber Optics Gyroscope Market Application, Share,Methodology and Trend Analysis to 2022

1. Fiber Optics Gyroscope Market Application, Share, Methodology and Trend Analysis to 2022 “The fiber optics gyroscope market is expected to reach USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022. The fiber optics gyroscope market is majorly driven by the increasing defense expenditure globally.” The Fiber Optics Gyroscope Market is expected to be worth USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022. Fiber optics gyroscopes are widely used for remotely operated vehicle guidance and industrial applications. Fiber optics gyroscope is used in the navigation system and measurement units for navigation and controlling devices. Factors such as the rising demand for unmanned vehicles and growing industrialization could generate significant opportunities for this market in the near future. In 2015, the defense and homeland security applications accounted for the largest share of the fiber optics gyroscope market, followed by the aeronautics and aviation application. The market for the remotely operated vehicle guidance is expected to grow at a high rate between 2016 and 2022. Fiber optics gyroscope is used to control and navigate the devices in these applications. In the aeronautics and aviation application, the demand for fiber optics gyroscope would grow because of the increasing demand of inertial navigation system and inertial measurement units for navigating spacecraft and aircrafts. This factor is expected to boost the demand for fiber optics gyroscope in these applications. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=99825571 The fiber optics gyroscope market has also been segmented on the basis of sensing axis into 1 axis, 2 axes, and 3 axes. Of all the available sensing axis, the market for 3-axis fiber optics gyroscopes held the largest share in 2015 and the same trend is expected to continue by 2022 owing to the growing level of integration. Manufacturers are working towards integrating several functionalities in one system to reduce the number of components per device and to reduce the size and weight of the overall product.

2. Inertial navigation systems are expected to experience a high growth between 2016 and 2002. The use of the inertial navigation system in various applications such as defense, aeronautics and aviation, and remotely operated vehicles is expected to grow the fiber optics gyroscope market in the near future. North America is expected to hold the largest share of the fiber optics gyroscope market in 2022. Presence of major players, increasing investments toward the development of advanced sensors, and increasing expenditure in defense sectors by the U.S. are driving the growth of the fiber optics gyroscope market in North America. “Demand for inertial navigation systems expected to drive the growth of the fiber optics gyroscope market” The market for inertial navigation systems is expected to grow at the highest CAGR between 2016 and 2022. Inertial navigation system is a commercial off-the-shelf navigation and control solution, which uses sensor fusion to deliver reliable, high-accuracy navigation and control to a wide variety of unmanned, autonomous, and manned aerial, ground, and marine applications. The demand for fiber optics gyroscope in these systems would boost fiber optics gyroscope market in the near future. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.asp?id=99825571 “3-axis fiber optics gyroscope expected to hold the largest share between 2016 and 2022” Of all the available sensing axis, the market for 3-axis fiber optics gyroscopes held the largest share in 2015 and the same trend is expected to continue by 2022 owing to the growing level of integration. Manufacturers are working towards integrating several functionalities in one system to reduce the number of components per device and to reduce the size and weight of the overall product. 3-Axis fiber optics gyroscopes are highly suitable for such integration. “Asia-Pacific witness the highest growth between 2016 and 2022” The fiber optics gyroscope market in Asia-Pacific (APAC) is expected to grow at the highest CAGR between 2016 and 2022. The reason for this growth is the huge population base, increasing investments for the development of sensors, a large number of research and development (R&D) activities, and increasing focus on industrial applications in this region. In APAC, the fiber optics gyroscope market is majorly driven by China and Japan because of the rapidly increasing industrialization in these countries. Therefore, the fiber optics gyroscope market in APAC is expected to grow rapidly between 2016 and 2022. The key players in the ecosystem of the fiber optics gyroscope market profiled in this report are EMCORE Corporation (U.S.), Honeywell International, Inc. (U.S.), Colibrys Ltd. (Switzerland), KVH Industries, Inc. (U.S.), Northrop Grumman LITEF GmbH (Germany), Nedaero Components (Netherlands), iXblue SAS (France), Fizoiptika Corp. (Russia), Optolink LLC (Russia), and Al Cielo Inertial Solutions Ltd. (Israel).

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