Pune, India -- (SBWire) -- 08/13/2018 --Global Fiber Optic Gyroscope Market is expected to reach 1,675.87 Million by 2025 from USD 1,318.56 Million in 2017, at a CAGR of 3.3% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. 1- Axis market with highest market share has the largest market segment in fiber optic gyroscope market.
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Key Market Competitors:
- EMCORE Corporation
- Honeywell International, Inc.
- Northrop Grumman LITEF GmbH
- Optolink LLC.
- SafranColibrys SA
- Fizoptika Corp.
- KVH Industries, Inc.
- Ixblue SAS
- AL Cielo Inertial Solutions Ltd.
- NedAero Components
Honeywell International Inc.:
Founded in 1906 and headquartered Indiana, U.S. Honeywell International Inc. is the global leading provider and manufacturer of technology worldwide. The company mainly operates in four segments namely aerospace, home and building technologies, performance materials and technologies, safety and productivity solutions. The company provides products and services to aerospace segment, home and building technologies segment, performance materials and technologies, and safety and productivity solutions that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
KVH Industries, Inc.:
Founded in 1982 and headquartered Middletown, U.S. KVH Industries, Inc. is the leading provider of high speed internet, television with the help of satellite to mobile users at sea and on land. The Company operates in two geographic segments, namely, mobile communications, navigation and guidance and stabilization equipment industry. The Company's TACNAV tactical navigation product line employs digital compass sensors and KVH FOGs to offer vehicle-based navigation and pointing systems with a range of capabilities, including GPS backup and enhancement, vehicle position, hull azimuth and navigation displays.
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Drivers: Global Fiber Optic Gyroscope Market
One of the major factor driving the market for fiber optic gyroscope market is effective integration due to compact designing and miniaturization. This factor led to the increase the demand for fiber optic gyroscope products. Growing demand for remotely operated vehicle and increased acceptance of fiber optic gyroscopes in industrial areas is the other factor driving the growth of the fiber optic gyroscope market.
Market Segmentation:
Based on sensing axis:
- axis
- axis
- axis
Based on device:
- Inertial Navigation System
- Inertial Measurement Units
- Gyrocompass
- Attitude Heading Reference System
Based on application:
- Defense and Homeland Security
- Aeronautics and Aviation
- Tactical Grade Application
- Remotely Operated Vehicle Guidance
- Industrial and Robotics
Based on Geography:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
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Fiber Optic Gyroscope Market: Global Industry Analysis by Sensing Axis, Device, Application, Trends and Opportunity Assessment 2018-2025
This report studies the Global Fiber Optic Gyroscope Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Global Fiber Optic Gyroscope Market by companies, region, sensing axis, application and end-use industry.