Global Fibre-Optic Gyroscope Market Growth 2023-2029

Global Fibre-Optic Gyroscope Market Growth 2023-2029

A fibre-optic gyroscope (FOG) senses changes in orientation using the Sagnac effect, thus performing the function of a mechanical gyroscope. However its principle of operation is instead based on the interference of light which has passed through a coil of optical fibre, which can be as long as 5 kilometres.
LPI (LP Information)' newest research report, the “Fibre-Optic Gyroscope Industry Forecast” looks at past sales and reviews total world Fibre-Optic Gyroscope sales in 2022, providing a comprehensive analysis by region and market sector of projected Fibre-Optic Gyroscope sales for 2023 through 2029. With Fibre-Optic Gyroscope sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fibre-Optic Gyroscope industry.
This Insight Report provides a comprehensive analysis of the global Fibre-Optic Gyroscope landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fibre-Optic Gyroscope portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fibre-Optic Gyroscope market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fibre-Optic Gyroscope and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fibre-Optic Gyroscope.
The global Fibre-Optic Gyroscope market size is projected to grow from US$ 595.8 million in 2022 to US$ 803 million in 2029; it is expected to grow at a CAGR of 803 from 2023 to 2029.
Global Fibre-Optic Gyroscope key players include Northrop Grumman, KVH Industries, Optolink, AVIC, Kearfott, etc. Global top five manufacturers hold a share over 50%.
North America is the largest market, with a share about 45%, followed by Europe, and Asia-Pacific, both have a share over 40 percent.
In terms of product, Single-Axis is the largest segment, with a share over 80%. And in terms of application, the largest application is Defence, followed by Aviation and Space, Ship and Submarine, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Fibre-Optic Gyroscope market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Single-Axis
Multi-Axis
Segmentation by application
Defence
Aviation and Space
Ship and Submarine
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Northrop Grumman
KVH Industries
Safran
Honeywell
Kearfott
AVIC
Optolink
iXblue
L3 Harris
Fizoptika CJSC
JAE
Emcore
Civitanavi
Mitsubishi Precision
Key Questions Addressed in this Report
What is the 10-year outlook for the global Fibre-Optic Gyroscope market?
What factors are driving Fibre-Optic Gyroscope market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Fibre-Optic Gyroscope market opportunities vary by end market size?
How does Fibre-Optic Gyroscope break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.