Global Fiber Optic Gyroscope Market Forecast to 2025 – Growing Demand for Remotely Operated Vehicle Holds 21.4% Industry With Honeywell International Inc. and KVH Industries, Inc.

Fiber Optic Gyroscope
The Global Fiber Optic Gyroscope Market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Honeywell International Inc. dominates fiber optic gyroscope market, accounting for the highest market share in 2017, followed by KVH Industries, Inc. and EMCORE Corporation.

Fiber Optic Gyroscope Market is expected to reach USD 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.

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Segmentation: Global Fiber Optic Gyroscope Market

Global Fiber Optic Gyroscope Market By  Sensing Axis (1- Axis, 2-Axis, 3- axis), By Device (Inertial Navigation System, Inertial Measurement Units, Gyrocompass, Attitude Heading Reference System), By Application (Defense And Homeland Security, Aeronautics And Aviation, Tactical Grade Application {Unmanned Ground Vehicle, Unmanned Underwater Vehicle, Unmanned Aerial Vehicle}, Remotely Operated Vehicle Guidance, Industrial, Robotics), By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2025

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.

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Growing demand for remotely operated vehicle

Due to various inbuit characteristics of fiberoptic gyroscope such as, instant start feature, shock and vibration resistant, light, compact, and long live, fiberoptic gyroscope has accelerated its requirement in remotely operated vehicle, especially for marine and underwater.  Such remotely operated vehicle installed with fiberoptic gyroscope are capable of supporting faster, more accurate surveys, deeper burial of fiber optic systems, locating and de-trenching faulted cables for repair, and security surveillance. Conduction of world events have provoked the demand for secure high bandwidth underwater fiber optic communications.

Increased acceptance of fiber optic gyroscopes in industrial areas

Fiber-Optic gyroscopes (FOG) are replacing many of the current systems using Ring Laser Gyros (RLGs) and mechanical gyroscopes. Fiber Optic Gyroscopes are considered as the low-cost version of other technologies such as, Ring Laser Gyroscopes, being a mature technology with similar performance and sizes. Thus, development in fiber technology can lead to the design of high-performance FOGs. Many companies are now into developing and the fiber optic gyroscope technology for highly-accurate defense and military grade fiber optic components and are setting the new benchmark for tactical and navigational grade gyros for a wide variety of guidance, navigation and aeronautics applications.

Major Players: Global Fiber Optic Gyroscope Market

The global fiber optic gyroscope market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Honeywell International Inc. dominates fiber optic gyroscope market, accounting for the highest market share in 2017, followed by KVH Industries, Inc. and EMCORE Corporation. Other players in this market include NEDAERO, Safran Colibrys SA, iXblue, Al Cielo Inertial Solutions Ltd., Northrop Grumman LITEF GmbH, Fizoptika Corporation and OPTOLINK LLC among others holds 21.4% of the global fiber optic gyroscope market in 2017.

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.

EMCORE Corporation:

Founded in 1984 and headquartered in Alhambra, California. EMCORE Corporation is the global leading provider of advanced Mixed-Signal Optics products that provides high-speed communication network infrastructures and leading-edge defense systems. It also offers broadband products that include cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.

Recent Developments:

  1. In June 2017 EMCORE launched EMCORE-Orion Series Fiber Optic Gyro-Based Micro Inertial Navigation System for Land, Sea, Air and Space Navigation.
  2. In July 2016, EMCORE awarded its largest contract to supply fiber optic gyroscopes for airborne navigation systems applications

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Table of Contents:

1. INTRODUCTION

1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL FIBER OPTIC GYROSCOPE MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED

2. MARKET SEGMENTATION

2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCES
2.8. ASSUMPTIONS

3. MARKET OVERVIEW

3.1. DRIVERS

3.2. RESTRAINTS

3.2.1. AVAILABILITY OF ALTERNATIVES

3.3. OPPORTUNITIES

3.4. CHALLENGES

4. EXECUTIVE SUMMARY

5. PREMIUM INSIGHTS

6. GLOBAL FIBEROPTIC GYROSCOPE MARKET, BY SENSING AXIS

6.1. OVERVIEW
6.2. 1-AXIS
6.3. 2-AXIS
6.4. 3-AXIS

7. GLOBAL FIBEROPTIC GYROSCOPE MARKET, BY DEVICE

7.1. OVERVIEW
7.2. GYROCOMPASS
7.3. INERTIAL MEASUREMENT UNIT
7.4. ATTITUDE HEADING REFERENCE SYSTEM
7.5. INERTIAL NAVIGATION SYSTEM

8. GLOBAL FIBEROPTIC GYROSCOPE MARKET, BY APPLICATION

8.1. OVERVIEW
8.2. AERONAUTICS AND AVIATION
8.3. TACTICAL GRADE APPLICATION

8.4. DEFENSE AND HOMELAND SECURITY
8.5. REMOTELY OPERATED VEHICLE GUIDANCE
8.6. INDUSTRIAL
8.7. ROBOTICS

9. GLOBAL FIBER OPTIC GYROSCOPE MARKET, BY GEOGRAPHY

9.1. OVERVIEW

9.2. NORTH AMERICA

9.3. EUROPE

9.4. ASIA-PACIFIC

9.5. SOUTH AMERICA

9.6. MIDDLE EAST AND AFRICA

10. GLOBAL FIBER OPTIC GYROSCOPE MARKET, COMPANY LANDSCAPE

10.1. COMPANY SHARE ANALYSIS: GLOBAL

11. COMPANY PROFILE

11.1. EMCORE CORPORATION

11.2. NEDAERO

11.3. SAFRAN COLIBRYS SA

11.4. IXBLUE

11.5. AL CIELO INERTIAL SOLUTIONS LTD.

11.6. NORTHROP GRUMMAN LITEF GMBH

11.7. FIZOPTIKA CORPORATION

11.8. KVH INDUSTRIES, INC.

11.9. HONEYWELL INTERNATIONAL INC.

11.10. OPTOLINK LLC

12. RELATED REPORTS

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