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Global Fiber Optic Gyroscope Market Size study, by Sensing Axis (1-axis, 2-axis, 3-axis), By Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, Attitude Heading Reference System), by Application (Tactical Grade Applications, Remotely Operated Vehicle Guidance, Aeronautics And Aviation, Robotics, Defense And Homeland Security, Industrial) and Regional Forecasts 2022-2028

Global Fiber Optic Gyroscope Market Size study, by Sensing Axis (1-axis, 2-axis, 3-axis), By Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, Attitude Heading Reference System), by Application (Tactical Grade Applications, Remotely Operated Vehicle Guidance, Aeronautics And Aviation, Robotics, Defense And Homeland Security, Industrial) and Regional Forecasts 2022-2028

Product Code: EESC-31256566
Publish Date: 11-07-2022
Page: 200

Global Fiber Optic Gyroscope is valued at approximately USD 966 million in 2021 and is anticipated to grow with a healthy growth rate of more than 3.61% over the forecast period 2022-2028. A gyroscope is a gadget that detects direction. The sagnac effect is used to detect rotation in a fiber optic gyroscope. These items are utilized in a variety of remote-controlled vehicles, as well as aviation and industrial applications. Fiber optic gyroscopes are also a useful tool for determining angular velocity. The fiber optics gyroscope’s downsizing and compact design aid in its successful integration into many sorts of military equipment. Furthermore, the market is driven by key factors such as increasing defense expenditure globally and rapid growth of unmanned vehicles in defense and civilian applications. For instance, According to the Federal Aviation Administration, there were 1.1 million small hobbyist drones registered in the United States in 2019. Also, in 2019, there were roughly 412,000 commercial drone registrations. In addition, According to Issuu, Inc., worldwide R&D investment in the aerospace and military sector is expected to reach USD 32 billion in 2019. In addition, the US Department of Defense spent USD 4.5 billion on unmanned aerial systems in 2018, up to USD 3.8 billion in 2014. Moreover, growing demand for Remotely Operated Vehicles creates lucrative opportunities in the market. However, increasing demand for Advanced Microelectromechanical Systems Gyroscopes impedes the growth of the market over the forecast period of 2022-2028.

The geographical regions considered for the global Fiber Optic Gyroscope market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is dominating the global market owing to rise in the of technological advancements. However, Asia Pacific is the fastest growing region in the upcoming years due to increased number of R&D activities, rapid industrialization, and high investment for the improvement of the sensors.

Major market players included in this report are:

Northrop Grumman LITEF GmbH
Emcore Corporation
Nedaero Components
Honeywell International, Inc.
Colibrys Ltd.
Fizoptika Corp
KVH Industries, Inc.
AL Cielo Inertial Solutions Ltd.
Optolink LLC
iXblue SAS

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Sensing Axis:
1-axis
2-axis
3-axis
By Device:
Gyrocompass
Inertial Measurement Unit
Inertial Navigation System
Attitude Heading Reference System
By Application:
Tactical Grade Applications
Remotely Operated Vehicle Guidance
Aeronautics And Aviation
Robotics
Defense And Homeland Security
Industrial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Fiber Optic Gyroscope Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Fiber Optic Gyroscope Market, by Region, 2020-2028 (USD Million)
1.2.2. Fiber Optic Gyroscope Market, by Sensing axis, 2020-2028 (USD Million)
1.2.3. Fiber Optic Gyroscope Market, by Device, 2020-2028 (USD Million)
1.2.4. Fiber Optic Gyroscope Market, by Application, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fiber Optic Gyroscope Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fiber Optic Gyroscope Market Dynamics
3.1. Fiber Optic Gyroscope Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing Defense Expenditure Globally
3.1.1.2. Rapid Growth of Unmanned Vehicle in Defense and Civilian Applications
3.1.2. Market Challenges
3.1.2.1. Increasing Demand for Advanced Microelectromechanical Systems Gyroscopes
3.1.2.2. Substantial Rise in Complexity Challenging the Market Demand
3.1.3. Market Opportunities
3.1.3.1. Use of Fiber Optic Gyroscope for Measurement While Drilling (MWD) Processes in the Oil Industry
3.1.3.2. Growing Demand for Remotely Operated Vehicles
Chapter 4. Global Fiber Optic Gyroscope Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Fiber Optic Gyroscope Market, by Sensing Axis
6.1. Market Snapshot
6.2. Global Fiber Optic Gyroscope Market by Sensing Axis, Performance – Potential Analysis
6.3. Global Fiber Optic Gyroscope Market Estimates & Forecasts by Sensing Axis, 2018-2028 (USD Million)
6.4. Fiber Optic Gyroscope Market, Sub Segment Analysis
6.4.1. 1-axis
6.4.2. 2-axis
6.4.3. 3-axis
Chapter 7. Global Fiber Optic Gyroscope Market, by Device
7.1. Market Snapshot
7.2. Global Fiber Optic Gyroscope Market by Device, Performance – Potential Analysis
7.3. Global Fiber Optic Gyroscope Market Estimates & Forecasts by Device, 2018-2028 (USD Million)
7.4. Fiber Optic Gyroscope Market, Sub Segment Analysis
7.4.1. Gyrocompass
7.4.2. Inertial Measurement Unit
7.4.3. Inertial Navigation System
7.4.4. Attitude Heading Reference System
Chapter 8. Global Fiber Optic Gyroscope Market, by Application
8.1. Market Snapshot
8.2. Global Fiber Optic Gyroscope Market by Application, Performance – Potential Analysis
8.3. Global Fiber Optic Gyroscope Market Estimates & Forecasts by Application, 2018-2028 (USD Million)
8.4. Fiber Optic Gyroscope Market, Sub Segment Analysis
8.4.1. Tactical Grade Applications
8.4.2. Remotely Operated Vehicle Guidance
8.4.3. Aeronautics And Aviation
8.4.4. Robotics
8.4.5. Defense And Homeland Security
8.4.6. Industrial
Chapter 9. Global Fiber Optic Gyroscope Market, Regional Analysis
9.1. Fiber Optic Gyroscope Market, Regional Market Snapshot
9.2. North America Fiber Optic Gyroscope Market
9.2.1. U.S. Fiber Optic Gyroscope Market
9.2.1.1. Sensing Axis breakdown estimates & forecasts, 2018-2028
9.2.1.2. Device breakdown estimates & forecasts, 2018-2028
9.2.1.3. Application breakdown estimates & forecasts, 2018-2028
9.2.2. Canada Fiber Optic Gyroscope Market
9.3. Europe Fiber Optic Gyroscope Market Snapshot
9.3.1. U.K. Fiber Optic Gyroscope Market
9.3.2. Germany Fiber Optic Gyroscope Market
9.3.3. France Fiber Optic Gyroscope Market
9.3.4. Spain Fiber Optic Gyroscope Market
9.3.5. Italy Fiber Optic Gyroscope Market
9.3.6. Rest of Europe Fiber Optic Gyroscope Market
9.4. Asia-Pacific Fiber Optic Gyroscope Market Snapshot
9.4.1. China Fiber Optic Gyroscope Market
9.4.2. India Fiber Optic Gyroscope Market
9.4.3. Japan Fiber Optic Gyroscope Market
9.4.4. Australia Fiber Optic Gyroscope Market
9.4.5. South Korea Fiber Optic Gyroscope Market
9.4.6. Rest of Asia Pacific Fiber Optic Gyroscope Market
9.5. Latin America Fiber Optic Gyroscope Market Snapshot
9.5.1. Brazil Fiber Optic Gyroscope Market
9.5.2. Mexico Fiber Optic Gyroscope Market
9.6. Rest of The World Fiber Optic Gyroscope Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Northrop Grumman LITEF GmbH
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Emcore Corporation
10.2.3. Nedaero Components
10.2.4. Honeywell International, Inc.
10.2.5. Colibrys Ltd.
10.2.6. Fizoptika Corp
10.2.7. KVH Industries, Inc.
10.2.8. AL Cielo Inertial Solutions Ltd.
10.2.9. Optolink LLC
10.2.10. iXblue SAS
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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