By Business Wire | Article Rating: |
|
February 17, 2017 10:14 AM EST |

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
View source version on businesswire.com: http://www.businesswire.com/news/home/20170217005464/en/
Published February 17, 2017
Copyright © 2017 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
- HBC Provides Information about Data Security Issue in Certain Saks Fifth Avenue, Saks OFF 5TH, and Lord & Taylor Stores in North America
- WebPT Becomes First Rehab Therapy EMR to Achieve Platinum Standard ISO Certification
- Les cadres d’Aitheon informent les leaders internationaux sur les avantages et les défis de l’IA lors du Sommet annuel mondial des gouvernements à Dubaï
- Global Terahertz Power Meters Market - Rapid Data Explosion in Networks to Boost Growth| Technavio
- Los Ejecutivos de Aitheon Educan a los Líderes Mundiales sobre los Beneficios y los Desafíos de la Inteligencia Artificial (IA) en la World Government Summit Anual en Dubái
- CryptoSecurities Exchange punta alla creazione della prima Borsa valori nazionale basata sulla blockchain e registrata presso la SEC
- Global Optoelectronic Manufacturers Market Report 2018 With Individual Analysis on the Top 100 Companies Including Sony Corp, Seiko Epson Corp and Tellabs - ResearchAndMarkets.com
- Senseonics Announces Favorable Outcome of FDA Advisory Committee on the Eversense System
- Jabil Vice President John Dulchinos to Keynote at Inaugural Robotics Summit & Showcase
- APR 6: “Sneak Peek” of USA Science & Engineering Festival Expo; Invited Media, Military and 45,000 Students Preview Nation’s Largest Science Fair
- DowDuPont Announces Brand Names for the Three Independent Companies It Intends to Create, Reflecting Ongoing Progress towards Separations
- HBC Provides Information about Data Security Issue in Certain Saks Fifth Avenue, Saks OFF 5TH, and Lord & Taylor Stores in North America
- Panasonic va lancer un logiciel de serveur de reconnaissance faciale utilisant la technologie d'apprentissage profond
- Amkor Technology to Present at Morgan Stanley Technology, Media & Telecom Conference
- WebPT Becomes First Rehab Therapy EMR to Achieve Platinum Standard ISO Certification
- 2018 Innovations in Artificial Intelligence, Big Data, Prescriptive Analytics, Dark Data, and Cloud Computing - ResearchAndMarkets.com
- Arena Music Quietly Launches Worldwide: Hope for Independent Music in the Shadow of a Spotify IPO
- Senet Recognized as 2018 Frost & Sullivan Manufacturing Leadership Awards Winner
- Les cadres d’Aitheon informent les leaders internationaux sur les avantages et les défis de l’IA lors du Sommet annuel mondial des gouvernements à Dubaï
- A estratégia de plataforma aberta da Intuit transforma como os usuários de serviços de contabilidade on-line do QuickBooks Online atendem os seus clientes
- OneLogin Raises $13M to Power Expansion
- Red Hat U.S. Public Sector Chief Technology Strategist to Speak at NC Datapolooza
- Zynga’s FarmVille Becomes Largest and Fastest Growing Social Game Ever
- TimeTrade Releases “Click to Schedule” Module for Drupal
- Kaavo Releases Web Application for Easy Access to Cloud Computing
- WSO2 Carbon, WSO2 API Manager and WSO2 Governance Registry Increase Speed, Scalability and High Availability Through Hazelcast
- IBC 2009 Exhibitor Profiles
- VMware Virtualization on the iPhone
- Zmanda and Sun Partner to Provide Cloud Backup
- Boost Mobile Ofrece Nuevos Telefonos Celulares Sin Contrato Sobre La Red Nacional De Sprint Con El Plan Mensual Sin Límite