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Fiber optic gyroscope global market to reach USD 1,675.87 million by 2025

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The 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 Fiber Optic Gyroscope Market Make an Inquiry about this news 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.

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.

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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

Some of the major players operating in this market are EMCORE Corporation, KVH Industries, Inc., Honeywell International Inc., NEDAERO, Safran Colibrys SA, iXblue, Al Cielo Inertial Solutions Ltd., Northrop Grumman LITEF GmbH, Fizoptika Corporation and OPTOLINK LLC among others.

Research Methodology of Global Fiber Optics Gyroscope Market:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.

Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your inquiry.

Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.

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