Fiber Optics Gyroscope Market worth 1,037.0 Million USD by 2022

1. Fiber Optics Gyroscope Market worth 1,037.0 Million USD by 2022 February 2017

2. Fiber Optics Gyroscope Market worth 1,037.0 Million USD by 2022 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. Browse 66 market data tables and 56 figures spread through 141 pages and in- depth TOC on “Fiber Optics Gyroscope Market - Global Forecast to 2022" Download PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=99825571 Early buyers will receive 10% customization on reports. “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. “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.

3. 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. 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. Get More Information@ http://www.marketsandmarkets.com/Market-Reports/fiber-optic-gyroscope-market- 99825571.html Research Methodology: To estimate the size of the fiber optics gyroscope market, top-down and bottom-up approaches have been used. This research study involves an extensive usage of secondary sources, directories, and paid databases such as Factiva and OneSource to identify and collect information useful to study the technical, market-oriented, and commercial aspects of fiber optics gyroscope. The research methodology is explained below. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. High-growth segments have been identified to analyze opportunities in the overall fiber optics gyroscope market. Competitive developments such as contracts, agreement and acquisitions, new product developments, and research and development (R&D) in the overall fiber optics gyroscope market have been analyzed. All the percentage splits and breakdown of the market segments are analyzed on the basis of secondary and primary research.

4. 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. The key restraining factors in the fiber optics gyroscope market is the highly complex manufacturing process and demanding cycle time as well as the capital-intensive applications in this market. EMCORE Corporation (U.S.) designs and manufactures optical chips, components, systems and subsystems for the broadband and specialty fiber optics gyroscope market. The company provides advanced fiber optics gyroscope and navigation systems to the U.S. The company focuses on innovative products development strategies to strengthen its position in the fiber optics gyroscope market

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