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Fiber Optics Gyroscope Market by Sensing Axis, Device, Application, and Geography - Global Forecast to 2022

Fiber Optics Gyroscope Market: Global Forecast until 2022

  • February 2017
  • 143 pages
  • ID: 4698523
In this report:
The FOG market for tactical grade applications and robotics is expected to grow at a CAGR of ##.##% and ##.##%, respectively, between 2016 and 2022.
The FOG market in France and Germany for the defense and homeland security application is expected to grow at a CAGR of ##.##% and ##.##% respectively, between 2016 and 2022.

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"Fiber optics gyroscope market to grow at a CAGR (Compound annual growth rate) of ~3.6 percent between 2016 and 2022"

The fiber optics gyroscope market is forecasted to reach $1037.00M by 2022, at a compound annual growth rate of ~3.6 percent between 2016 and 2022. The main reason for the increase ot the fiber optics gyroscope is the growing defense expenditure globally due to the increasing demand for equipment optimized with various intelligent sensors for navigation, satellite antenna positioning, and other applications. Highly complex and time-consuming manufacturing process is a main restraining factor for the increase ot the fiber optics gyroscope market.

"Defense and homeland security application is a driving factor for the fiber optics gyroscope market and held the biggest market share in 2015"

The defense industry uses distinct equipment that is optimized with different intelligent sensors for navigation, satellite antenna positioning, and other applications. Some of the main applications in this industry specified by fiber optics gyroscopes are missiles flight control, dynamic overall positioning system tracking, dynamic platform stabilization, environmental observation, ground detection, and guided ammunition, security, and earth observation applications among others. These factors are anticipated to propel the increase of the fiber optics gyroscope market for the defense and homeland security application.

"Asia-Pac forecasted to be the quickest developing market"

This industry report includes the fiber optics gyroscope market in North America (NA), Europe (EU), Asia Pacific (APAC), and Rest of the globe. The fiber optics gyroscope market in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) between 2016 and 2022. North America continent is the biggest area for the fiber optics gyroscope market. The increasing industrial and home automation and the huge defense expenditure by the U.S. government are some of the important factors that have contributed to the rise of the fiber optics gyroscope market in this area.

Key players' distribution profiles:

- By Company Type: Tier 1 - 35.0 percent, Tier 2 - 25.0 percent, and 1/3 3 - 40.0 percent

- By Designation: C-suite executives - 25.0 percent, Directors - 35.0 percent, and Others - 40.0 percent

- By area: North america (NA) - 25.0 percent, Europe - 35.0 percent, APAC - 35.0 percent, and rest of the world - 5.0 percent

The top players in the fiber optics gyroscope market decribed in this study are EMCORE Corporation, Honeywell (NYSE:HON), Colibrys Ltd., KVH Sectors, Incorporated, Northrop Grumman LITEF GmbH, Nedaero Components, iXBlue SAS, Fizoptika Corp., Optolink LLC, and Al Cielo Inertial Solutions Ltd..

Segment Research

The analysis offers a clear study of fiber optics gyroscope and its requirement across various applications, devices, and territories. This analysis aims at evaluating the market value and upcoming growth potential of this market across distinct segments including sensing axes, devices, applications, and localities. Moreover, the market research also comprises a detailed competitive analysis of the top players in this sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why Purchasing This Study Can Help You:

- This market report includes the industry statistics pertaining to sensing axis, device, application, and territory, together with their size of market.

- The porter's five forces scheme has been exploited along with the value chain study to offer a detailed insight into the fiber optics gyroscope market.

- Main drivers, market restraints, opportunities, and alternatives for the increase ot the fiber optics gyroscope market have been precised in this business report.

- Figures of segmentation, study, and estimate established on sensing axis, device, application, and area have been conducted to provide an global view of the fiber optics gyroscope market.

- This industry report includes a in-depth competitive landscape including top actors, complete study, and revenue of main actors.

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