What is 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.
The market study is broken down by Type (1-Axis, 2-Axis and 3-Axis), by Application (Tactical Grade Applications, Remotely Operated Vehicle Guidance, Aeronautics and Aviation, Robotics, Defence and Homeland Security and Industrial) and major geographies with country level break-up.
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), Safety Technology Holdings, Inc. (United States), Optolink LLC (United States), Northrop Grumman Litef GmbH (Germany) and NedAero Components B.V. (Netherlands) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Fiber Optic Gyroscopes market by Type, Application 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.
Market Leaders and their expansionary development strategies
In 2021, Leonardo S.p.A., an Italy based multinational company specialising in aerospace, defence and security has announced acquisition of 30% stake in GEM elettronica, which is another Italy based company specialising in manufacturing of solid-state radar, electro-optic systems, active laser imaging, WECDIS, tactical consoles and inertial systems. The acquisition will bolster the market standing of Leonardo in naval electronics field.
In 2019, Safety Technology Holdings, Inc., a United States based manufacturer of ATDs, sensors and calibration, crash test dummies, test equipment, finite element simulation models, advanced sensor measurement systems, and software products has announced acquisition of OpTek Systems, a leading manufacturer of laser processing equipment and optical fiber processing services.
- Miniaturization is the Major Trend in Fiber Optic Gyroscopes Market
- Gyrocompass Accounts for Largest Market Share
- 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
- Rise in Global Trade and thus the Increase in the Number of Ships Involved in International Trade
- Innovation and Increased Research & Development in Technologically Advancing the Gyro Compass Compatible with Modern Navigation Systems will propel the Growth of the Market
- Emergence of Satellite Navigation Technology such as GPS, IRNSS Navic, Beidou
- Steaming Error, and Other Mechanical Errors Associated with Fiber Optic Gyroscope Equipped Devices may hamper its Market Prospectus
Key Target AudienceFiber Optic Gyroscopes Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About ApproachTo 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as 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), Safety Technology Holdings, Inc. (United States), Optolink LLC (United States), Northrop Grumman Litef GmbH (Germany) and NedAero Components B.V. (Netherlands) etc.
2. Can we have customized study for Fiber Optic Gyroscopes Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Fiber Optic Gyroscopes Market by 2026?
Analysts at AMA estimates Fiber Optic Gyroscopes Market to reach USD Million by 2026.