About Fiber Optic Gyroscopes
Fiber Optic Gyroscopes are equipment or devices that detects changes in position or direction using the Sagnac effect. An optical gyro works similarly to a mechanical gyro in this way. The optical gyro, on the other hand, works by utilising light that passes through a coil of optical fibre. A spooled-up optical fibre transports laser light pulses within a standard optical gyroscope. Some pulses move in a clockwise direction, whereas others move in a counter clockwise direction. The gyro detects minute variations in how these pulses arrive at a sensor to determine rotation. Researchers have attempted to make optical gyros that are smaller. The signals from the gyro's sensor, on the other hand, have been weaker as the gyro's size has shrunk, until they are drowned out by noise from dispersed light. Growing applications of fiber optic gyroscopes in all three backgrounds be it for naval, aerial or land basis. Growth in civil aviation, and increase in maritime trade have been significant in the growth of the fiber optic gyroscopes market. North America is the major market of the fiber optic gyroscopes followed by Asia Pacific region.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Fiber Optic Gyroscopes market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International, Inc. (United States), EMCORE Corporation (United States), Leonardo S.p.A. (Italy), iXBlue SAS (France), KVH Industries, Inc. (United States), Fizoptika Corp. (Russia), Colibrys Ltd. (Switzerland) and Safety Technology Holdings, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Optolink LLC (United States), Northrop Grumman Litef GmbH (Germany) and NedAero Components B.V. (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Fiber Optic Gyroscopes market by Type (1-Axis, 2-Axis and 3-Axis), Application (Tactical Grade Applications, Remotely Operated Vehicle Guidance, Aeronautics and Aviation, Robotics, Defence and Homeland Security and Industrial) and Region.
On the basis of geography, the market of Fiber Optic Gyroscopes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Fiber Optic Gyroscopes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device, the sub-segment i.e. Gyrocompass will boost the Fiber Optic Gyroscopes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Miniaturization is the Major Trend in Fiber Optic Gyroscopes Market and Gyrocompass Accounts for Largest Market Share
Market Growth Drivers:
Rising Number of Aircrafts due to Growth in Civil Aviation, Increase in the Global Military Spendings has Significantly Affected the Growth of the Fiber Optic Gyroscope and Rise in Global Trade and thus the Increase in the Number of Ships Involved in International Trade
Challenges:
Steaming Error, and Other Mechanical Errors Associated with Fiber Optic Gyroscope Equipped Devices may hamper its Market Prospectus
Restraints:
Emergence of Satellite Navigation Technology such as GPS, IRNSS Navic, Beidou
Opportunities:
Innovation and Increased Research & Development in Technologically Advancing the Gyro Compass Compatible with Modern Navigation Systems will propel the Growth of the Market
Market Leaders and their expansionary development strategies
In July 2023 Advanced Navigation, the world’s most determined innovator in artificial intelligence for robotic and navigation technologies has announced the expansion of its revolutionary Boreas digital fibre-optic gyroscope (DFOG) range, with the new A Series. The Boreas A90 and A70 are strategic-grade inertial measurement units (IMU) that deliver acceleration and orientation with superior accuracy, stability and reliability under all conditions with no reliance on GNSS.
In October 2022,Advanced Navigation, the world’s most determined innovator in artificial intelligence for robotic and navigation technologies is announcing Boreas D70, a fiber-optic gyroscope (FOG) inertial navigation system (INS).
Key Target Audience
Fiber Optic Gyroscopes Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.