$1.03 Billion Fiber Optics Gyroscope Market 2017 by Sensing Axis, Device, Application, and Geography – Global Forecast to 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Fiber
Optics Gyroscope Market by Sensing Axis (1, 2, and 3), Device
(Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, and
Attitude Heading Reference System), Application, and Geography – Global
Forecast to 2022”
report to their offering.

“Fiber optics gyroscope market to grow at a CAGR of 3.61% between 2016
and 2022”

The fiber optics gyroscope market is expected to reach USD 1,037.0
million by 2022, at a CAGR of 3.61% between 2016 and 2022

The major reason for the growth of the fiber optics gyroscope is the
increasing defense expenditure globally owing to the growing demand for
equipment optimized with several intelligent sensors for navigation,
satellite antenna positioning, and other applications. Highly complex
and time-consuming manufacturing process is a major restraining factor
for the growth of the fiber optics gyroscope market.

The defense sector uses different equipment that is optimized with
several intelligent sensors for navigation, satellite antenna
positioning, and other applications. Some of the major applications in
this sector provided by fiber optics gyroscopes are missiles flight
control, dynamic global positioning system (GPS) tracking, dynamic
platform stabilization, environmental observation, ground detection, and
guided ammunition, security, and earth observation applications among
others. These factors are expected to propel the growth of the fiber
optics gyroscope market for the defense and homeland security
application.

This report covers the fiber optics gyroscope market in North America,
Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The fiber
optics gyroscope market in APAC is expected to grow at the highest CAGR
between 2016 and 2022. North America is the largest region for the fiber
optics gyroscope market. The growing 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 growth of the fiber
optics gyroscope market in this region.

Market Dynamics

Drivers

  • Growing Adoption of Automation in Industries and Homes
  • Increasing Defense Expenditure Globally

Restraints

  • Growing Demand for Advanced Microelectromechanical Systems Gyroscopes
  • Highly Complex and Time-Consuming Manufacturing Process

Opportunities

  • Growing Demand of Remotely Operated Vehicles
  • Use of Fiber Optic Gyroscope for Measurement While Drilling (MWD)
    Processes in the Oil Industry

Challenges

  • High Investment and Low Cost-Benefit Ratio

Companies Mentioned

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

For more information about this report visit http://www.researchandmarkets.com/research/372kz7/fiber_optics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For
E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related
Topics: Optoelectronics