Fiber Optic Gyroscope Market
Fiber Optic Gyroscope Market Study by Gyrocompass, Inertial Navigation System, and Inertial Measurement Unit for Aerospace & Defense, Automotive, Robotics, Mining, and Healthcare from 2024 to 2034
Analysis of Fiber Optic Gyroscope Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Fiber Optic Gyroscope Market Outlook (2024 to 2034)
Expanding at 6% CAGR, the global fiber optic gyroscope market is forecasted to reach US$ 1.95 billion by the end of 2034, up from US$ 1.09 billion in 2024, as per an updated industry analysis released by Fact.MR.
Owing to the conversion from ring laser gyroscope to fiber optic gyroscope for various applications, the fiber optic gyroscope business has grown significantly beyond predictions. One of the technologies with expanding use cases is fiber optic gyroscopes.
Use of fiber optic gyroscopes is expanding. The market has grown far beyond expectations, shifting from using RLGs to FOGs for certain applications. Fiber optic gyroscopes are among the technologies that are also growing in terms of use cases. The fiber optic gyroscope technology did not gain traction in the market due to several restraints such as the lack of availability of better-quality alternatives.
North America and East Asia will be the dominant markets in 2024 for fiber optic gyroscopes. In the coming years, South Asia & Oceania are projected to be key markets for sustainable revenue generation for market players.
Key driver for market growth is the focus on technological advancements in fiber optic gyroscope design. The need for fiber optic gyroscopes is growing along with the expansion of end-use industries such as aerospace, defense, healthcare, and robotics. As these end-user industries grow, so does the demand for fiber optic gyroscopes. Thus, the global FOG production landscape is exhibiting steady expansion, with strategic initiatives aimed at meeting the rising global demand.
| Report Attributes | Details |
|---|---|
| Fiber Optic Gyroscope Market Size (2024E) | US$ 1.09 Billion |
| Projected Market Value (2034F) | US$ 1.95 Billion |
| Global Market Growth Rate (2024 to 2034) | 6% CAGR |
| China Market Value (2034F) | US$ 119.4 Million |
| Canada Market Growth Rate (2024 to 2034) | 6.5% CAGR |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Value (2034F) | US$ 450.9 Million |
| Key Companies Profiled | Honeywell International Inc; Emcore Corporation; Northrop Grumman Litef GmbH; KVH Industries Inc.; Nedaero Components; iXBlue SAS; Fizoptika Corp.; Optolink LLC |
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What’s Driving Increased Investments in the Fiber Optic Gyroscope Market?
“Increasing Defense Expenditure Boosting Adoption of Fiber Optic Gyroscopes”
The defense sector primarily uses fiber optic gyroscopes for dynamic global positioning system (GPS) tracking, missile flight control, platform stabilization, ground detection, environmental observation, security, guided munitions, and earth observation. These functions serve as major drivers behind global market growth. Sustained investments in the global military sector have supported extensive research and development efforts, fueling innovations in tactical weaponry and consequently fueling fiber optic gyroscope market growth.
In the automotive industry, fiber optic gyroscopes are increasingly deployed for vehicle navigation. With businesses establishing large-scale production lines, navigation systems are now standard features in most new vehicles. Fiber optic gyroscopes find extensive applications as altitude control systems for agricultural helicopters and precision compasses or north-finding tools. The demand is rising for gyroscopes equipped with intelligent sensors, predominantly for satellite antenna positioning and navigation applications.
What Obstacles are Encountered by Fiber Optic Gyroscope Manufacturers?
“High Noise Levels Associated with Fiber Optic Gyroscopes”
One of the most significant hurdles is the intricate, costly, and time-consuming manufacturing process of fiber optic gyroscopes. This intricacy restricts the adoption of fiber optic gyroscopes and therefore impedes market growth. The substantial demand for fiber optic gyroscopes across the defense and commercial sectors faces the hindrance of demanding cycle times and capital-intensive applications.
In an aided inertial navigation system, a gyroscope typically serves as a high-bandwidth sensor, where noise level holds crucial importance. Fiber optic gyroscopes have demonstrated high noise levels in certain operations. Despite advancements in noise-rejection technology, its limited adoption is due to higher costs and increased space requirements. These obstacles hinder the market expansion of the fiber optic gyroscope market size.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, asserts through its newly published analysis that North America is projected to hold 24.3% share of the global market by 2034. Manufacturers of fiber optic gyroscopes have broadened their business activities across several regions worldwide, such as Southeast Asia, Central and South America, and Australia. This strategic expansion enables them to efficiently cater to the growing global demand and minimize dependence on a single source of supply.
What’s Leading to Extensive Use of Fiber Optic Gyroscopes in the United States?
“Huge Defense Budget and Growing Adoption of Home Automation Systems”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 115.9 Million |
| Growth Rate (2024 to 2034) | 6.4% CAGR |
| Projected Value (2034F) | US$ 216.3 Million |
The United States will account for 44.5% of the fiber optic gyroscope market share in the North American region in 2024 due to several factors. The country's vast defense budget has led to the high adoption of fiber optic gyroscopes, as these devices are crucial for various military applications such as missile flight control, ground detection, and flexible GPS tracking.
Growing interest in home automation has also contributed to the market growth. Fiber optic gyroscopes are integral to the functioning of many smart home devices and are gaining demand. The presence of major players is shaping the fiber optic gyroscope market trends in the United States. This has also played a key role in the country’s market dominance. These companies have made significant investments in the development of advanced sensors, which has further contributed to the market’s growth.
Which Factors are Leading to Market Growth in China?
“Intense R&D Activities Related to Fiber Optic Technology and High Infrastructure Investments”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 119.4 Million |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034F) | US$ 214.2 Million |
Focus on technological advancements and investments in infrastructure in China have created a conducive environment for the adoption of fiber optic gyroscopes. The country is witnessing an increase in R&D activities related to fiber optic technology, thus contributing to market growth. Growing industrialization is another factor, as it leads to the adoption of advanced technologies such as fiber optic gyroscopes. Increasing use of fiber optic gyroscopes in sectors such as aerospace, defense, healthcare, and robotics are fueling sales. These factors combined make China a prominent player in the market.
Category-wise Insights
What is the Primary Application Area for 3-axis Fiber Optic Gyroscopes?
“Rising Use of UAVs in Defense and Commercial Sectors Driving 3-axis Gyroscope Sales”
| Attribute | 3-Axis |
|---|---|
| Segment Value (2024E) | US$ 675.7 Million |
| Growth Rate (2024 to 2034) | 6.5% CAGR |
| Projected Value (2034F) | US$ 1.26 Billion |
Sales of 3-axis gyroscopes in the market are fueled by their growing use in autonomous vehicles, submersibles, and spacecraft. These gyroscopes play a critical role in navigating and stabilizing infrastructure in challenging battlefield, aerospace, and underwater environments. The rising deployment of drones and unmanned aerial vehicles (UAVs) across defense and commercial sectors is identified as a primary market driver. As automakers focus on extreme ruggedness, compact size, lightweight, cost-effectiveness, and low-power requirements in their vehicles, the demand for FOG technology-equipped gyroscopes is rising.
Which Device Accounts for Widespread Application in the Transportation Sector?
“Key Role of Gyrocompass in Enhancing Navigation Accuracy for Ships and Aircraft”
| Attribute | Gyrocompass |
|---|---|
| Segment Value (2024E) | US$ 566.7 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 956.4 Million |
The gyrocompass accounts for a leading market share in 2024. The gyrocompass is a type of non-magnetic compass based on a fast-spinning disc and rotation of the Earth to automatically determine the geographical direction. It has found extensive applications in the navigation systems installed in various vehicles such as ships and aircraft.
The high accuracy and reliability of the gyrocompass make it an essential component in these systems, thus contributing to its significant market share. The growing demand for precise navigation and high-performance systems in the aerospace and defense sectors is further contributing to the growth of the gyrocompass segment.
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Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Key players in the fiber optic gyroscope industry are Honeywell International Inc., Emcore Corporation, Northrop Grumman Litef GmbH, KVH Industries Inc., Nedaero Components, iXBlue SAS, Fizoptika Corp., and Optolink LLC.
Customer service, after-sales support, and the ability to meet stringent industry regulations are crucial factors influencing competitiveness in the market. Overall, the competitive landscape is dynamic as market participants are focusing on introducing technological advancements and ensuring customer satisfaction.
- In 2022, EMCORE Corporation publicized its purchase of the Fiber Optic Gyroscope and Inertial Navigation Systems division from KVH Industries Inc. The transaction conducted entirely in cash, amounted to roughly US$ 55 million. This sum encompassed all existing assets and liabilities, intellectual property rights, and a production facility located in Illinois.
Key Segments of Fiber Optic Gyroscope Market Research
-
By Sensing Axis :
- 1-Axis
- 2-Axis
- 3-Axis
-
By Device Type :
- Gyrocompass
- Inertial Navigation Systems
- Inertial Measurement Units
-
By Vertical :
- Aerospace & Defense
- Automotive
- Robotics
- Mining
- Healthcare
- Transportation & Logistics
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Sensing Axis
- 4.1. 1-Axis
- 4.2. 2-Axis
- 4.3. 3-Axis
- 5. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Device Type
- 5.1. Gyrocompass
- 5.2. Inertial Navigation System
- 5.3. Inertial Measurement Unit
- 5.4. Others
- 6. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Vertical
- 6.1. Aerospace & Defense
- 6.2. Automotive
- 6.3. Robotics
- 6.4. Mining
- 6.5. Healthcare
- 6.6. Transportation & Logistics
- 6.7. Other Industrials
- 7. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 7.1. North America
- 7.2. Latin America
- 7.3. Europe
- 7.4. East Asia
- 7.5. South Asia & Oceania
- 7.6. Middle Asia & Africa (MEA)
- 8. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 9. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 10. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. South Asia & Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Middle Asia & Africa (MEA) Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Key Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Market Structure Analysis
- 16. Competition Analysis
- 16.1. Airbus
- 16.2. BAE Systems
- 16.3. Ball Corporation
- 16.4. Harris Corporation
- 16.5. Lockheed Martin Corporation
- 16.6. MBRSC
- 16.7. Northrop Grumman Corporation
- 16.8. Planet
- 16.9. Raytheon Intelligence & Space
- 16.10. SARsat Arabia
- 16.11. Satellogic
- 16.12. Serco Middle East
- 16.13. Spectator
- 16.14. Thales Group
- 16.15. The Boeing Company
- 16.16. Other Prominent Players
- 17. Assumptions and Acronyms Used
- 18. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ million) and Forecast By Region, 2018 to 2023
Table 02: Global Market Value (US$ million) and Forecast By Region, 2024 to 2034
Table 03: Global Market Value (US$ million) and Forecast By Sensing Axis, 2018 to 2023
Table 04: Global Market Value (US$ million) and Forecast By Sensing Axis, 2024 to 2034
Table 05: Global Market Value (US$ million) and Forecast By Device Type, 2018 to 2023
Table 06: Global Market Value (US$ million) and Forecast By Device Type, 2024 to 2034
Table 07: Global Market Value (US$ million) and Forecast By Vertical, 2018 to 2023
Table 08: Global Market Value (US$ million) and Forecast By Vertical, 2024 to 2034
Table 09: North America Market Value (US$ million) and Forecast By Country, 2018 to 2023
Table 10: North America Market Value (US$ million) and Forecast By Country, 2024 to 2034
Table 11: North America Market Value (US$ million) and Forecast By Sensing Axis, 2018 to 2023
Table 12: North America Market Value (US$ million) and Forecast By Sensing Axis, 2024 to 2034
Table 13: North America Market Value (US$ million) and Forecast By Device Type, 2018 to 2023
Table 14: North America Market Value (US$ million) and Forecast By Device Type, 2024 to 2034
Table 15: North America Market Value (US$ million) and Forecast By Vertical, 2018 to 2023
Table 16: North America Market Value (US$ million) and Forecast By Vertical, 2024 to 2034
Table 17: Latin America Market Value (US$ million) and Forecast By Country, 2018 to 2023
Table 18: Latin America Market Value (US$ million) and Forecast By Country, 2024 to 2034
Table 19: Latin America Market Value (US$ million) and Forecast By Sensing Axis, 2018 to 2023
Table 20: Latin America Market Value (US$ million) and Forecast By Sensing Axis, 2024 to 2034
Table 21: Latin America Market Value (US$ million) and Forecast By Device Type, 2018 to 2023
Table 22: Latin America Market Value (US$ million) and Forecast By Device Type, 2024 to 2034
Table 23: Latin America Market Value (US$ million) and Forecast By Vertical, 2018 to 2023
Table 24: Latin America Market Value (US$ million) and Forecast By Vertical, 2024 to 2034
Table 25: Europe Market Value (US$ million) and Forecast By Country, 2018 to 2023
Table 26: Europe Market Value (US$ million) and Forecast By Country, 2024 to 2034
Table 27: Europe Market Value (US$ million) and Forecast By Sensing Axis, 2018 to 2023
Table 28: Europe Market Value (US$ million) and Forecast By Sensing Axis, 2024 to 2034
Table 29: Europe Market Value (US$ million) and Forecast By Device Type, 2018 to 2023
Table 30: Europe Market Value (US$ million) and Forecast By Device Type, 2024 to 2034
Table 31: Europe Market Value (US$ million) and Forecast By Vertical, 2018 to 2023
Table 32: Europe Market Value (US$ million) and Forecast By Vertical, 2024 to 2034
Table 33: East Asia Market Value (US$ million) and Forecast By Country, 2018 to 2023
Table 34: East Asia Market Value (US$ million) and Forecast By Country, 2024 to 2034
Table 35: East Asia Market Value (US$ million) and Forecast By Sensing Axis, 2018 to 2023
Table 36: East Asia Market Value (US$ million) and Forecast By Sensing Axis, 2024 to 2034
Table 37: East Asia Market Value (US$ million) and Forecast By Device Type, 2018 to 2023
Table 38: East Asia Market Value (US$ million) and Forecast By Device Type, 2024 to 2034
Table 39: East Asia Market Value (US$ million) and Forecast By Vertical, 2018 to 2023
Table 40: East Asia Market Value (US$ million) and Forecast By Vertical, 2024 to 2034
Table 41: South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2018 to 2023
Table 42: South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2024 to 2034
Table 43: South Asia & Oceania Market Value (US$ million) and Forecast By Sensing Axis, 2018 to 2023
Table 44: South Asia & Oceania Market Value (US$ million) and Forecast By Sensing Axis, 2024 to 2034
Table 45: South Asia & Oceania Market Value (US$ million) and Forecast By Device Type, 2018 to 2023
Table 46: South Asia & Oceania Market Value (US$ million) and Forecast By Device Type, 2024 to 2034
Table 47: South Asia & Oceania Market Value (US$ million) and Forecast By Vertical, 2018 to 2023
Table 48: South Asia & Oceania Market Value (US$ million) and Forecast By Vertical, 2024 to 2034
Table 49: Middle East & Africa Market Value (US$ million) and Forecast By Country, 2018 to 2023
Table 50: Middle East & Africa Market Value (US$ million) and Forecast By Country, 2024 to 2034
Table 51: Middle East & Africa Market Value (US$ million) and Forecast By Sensing Axis, 2018 to 2023
Table 52: Middle East & Africa Market Value (US$ million) and Forecast By Sensing Axis, 2024 to 2034
Table 53: Middle East & Africa Market Value (US$ million) and Forecast By Device Type, 2018 to 2023
Table 54: Middle East & Africa Market Value (US$ million) and Forecast By Device Type, 2024 to 2034
Table 55: Middle East & Africa Market Value (US$ million) and Forecast By Vertical, 2018 to 2023
Table 56: Middle East & Africa Market Value (US$ million) and Forecast By Vertical, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Analysis, 2024 and 2034
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2018 to 2023
Figure 03: Global Market Value Y-o-Y Growth Analysis and Forecast, 2018 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2023 to 2034
Figure 05: Global Market Share By Sensing Axis– 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections By Sensing Axis 2024 to 2034
Figure 07: Global Market Share By Device Type – 2024 & 2034
Figure 08: Global Market Y-o-Y Growth Projections By Device Type 2024 to 2034
Figure 09: Global Market Share By Vertical – 2024 & 2034
Figure 10: Global Market Y-o-Y Growth Projections By Vertical 2024 to 2034
Figure 11: Global Market Attractiveness Analysis By Region 2024 to 2034
Figure 12: Global Market Attractiveness Analysis By Sensing Axis 2024 to 2034
Figure 13: Global Market Attractiveness Analysis By Device Type 2024 to 2034
Figure 14: Global Market Attractiveness Analysis By Vertical 2024 to 2034
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2018 to 2023
Figure 16: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 17: North America Market Value Y-o-Y Growth Analysis and Forecast, 2018 to 2034
Figure 18: North America Market Incremental $ Opportunity, 2023 to 2034
Figure 19: North America Market Share By Sensing Axis– 2024 & 2034
Figure 20: North America Market Y-o-Y Growth Projections By Sensing Axis 2024 to 2034
Figure 21: North America Market Share By Device Type – 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections By Device Type 2024 to 2034
Figure 23: North America Market Share By Vertical – 2024 & 2034
Figure 24: North America Market Y-o-Y Growth Projections By Vertical 2024 to 2034
Figure 25: North America Market Attractiveness Analysis By Country 2024 to 2034
Figure 26: North America Market Attractiveness Analysis By Sensing Axis 2024 to 2034
Figure 27: North America Market Attractiveness Analysis By Device Type 2024 to 2034
Figure 28: North America Market Attractiveness Analysis By Vertical 2024 to 2034
Figure 29: Latin America Market Value (US$ Mn) Forecast and Analysis, 2018 to 2023
Figure 30: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 31: Latin America Market Value Y-o-Y Growth Analysis and Forecast, 2018 to 2034
Figure 32: Latin America Market Incremental $ Opportunity, 2023 to 2034
Figure 33: Latin America Market Share By Sensing Axis– 2024 & 2034
Figure 34: Latin America Market Y-o-Y Growth Projections By Sensing Axis 2024 to 2034
Figure 35: Latin America Market Share By Device Type – 2024 & 2034
Figure 36: Latin America Market Y-o-Y Growth Projections By Device Type 2024 to 2034
Figure 37: Latin America Market Share By Vertical – 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections By Vertical 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis By Country 2024 to 2034
Figure 40: Latin America Market Attractiveness Analysis By Sensing Axis 2024 to 2034
Figure 41: Latin America Market Attractiveness Analysis By Device Type 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis By Vertical 2024 to 2034
Figure 43: Europe Market Value (US$ Mn) Forecast and Analysis, 2018 to 2023
Figure 44: Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 45: Europe Market Value Y-o-Y Growth Analysis and Forecast, 2018 to 2034
Figure 46: Europe Market Incremental $ Opportunity, 2023 to 2034
Figure 47: Europe Market Share By Sensing Axis– 2024 & 2034
Figure 48: Europe Market Y-o-Y Growth Projections By Sensing Axis 2024 to 2034
Figure 49: Europe Market Share By Device Type – 2024 & 2034
Figure 50: Europe Market Y-o-Y Growth Projections By Device Type 2024 to 2034
Figure 51: Europe Market Share By Vertical – 2024 & 2034
Figure 52: Europe Market Y-o-Y Growth Projections By Vertical 2024 to 2034
Figure 53: Europe Market Attractiveness Analysis By Country 2024 to 2034
Figure 54: Europe Market Attractiveness Analysis By Sensing Axis 2024 to 2034
Figure 55: Europe Market Attractiveness Analysis By Device Type 2024 to 2034
Figure 56: Europe Market Attractiveness Analysis By Vertical 2024 to 2034
Figure 57: East Asia Market Value (US$ Mn) Forecast and Analysis, 2018 to 2023
Figure 58: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 59: East Asia Market Value Y-o-Y Growth Analysis and Forecast, 2018 to 2034
Figure 60: East Asia Market Incremental $ Opportunity, 2023 to 2034
Figure 61: East Asia Market Share By Sensing Axis– 2024 & 2034
Figure 62: East Asia Market Y-o-Y Growth Projections By Sensing Axis 2024 to 2034
Figure 63: East Asia Market Share By Device Type – 2024 & 2034
Figure 64: East Asia Market Y-o-Y Growth Projections By Device Type 2024 to 2034
Figure 65: East Asia Market Share By Vertical – 2024 & 2034
Figure 66: East Asia Market Y-o-Y Growth Projections By Vertical 2024 to 2034
Figure 67: East Asia Market Attractiveness Analysis By Country 2024 to 2034
Figure 68: East Asia Market Attractiveness Analysis By Sensing Axis 2024 to 2034
Figure 69: East Asia Market Attractiveness Analysis By Device Type 2024 to 2034
Figure 70: East Asia Market Attractiveness Analysis By Vertical 2024 to 2034
Figure 71: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2018 to 2023
Figure 72: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 73: South Asia & Oceania Market Value Y-o-Y Growth Analysis and Forecast, 2018 to 2034
Figure 74: South Asia & Oceania Market Incremental $ Opportunity, 2023 to 2034
Figure 75: South Asia & Oceania Market Share By Sensing Axis– 2024 & 2034
Figure 76: South Asia & Oceania Market Y-o-Y Growth Projections By Sensing Axis 2024 to 2034
Figure 77: South Asia & Oceania Market Share By Device Type – 2024 & 2034
Figure 78: South Asia & Oceania Market Y-o-Y Growth Projections By Device Type 2024 to 2034
Figure 79: South Asia & Oceania Market Share By Vertical – 2024 & 2034
Figure 80: South Asia & Oceania Market Y-o-Y Growth Projections By Vertical 2024 to 2034
Figure 81: South Asia & Oceania Market Attractiveness Analysis By Country 2024 to 2034
Figure 82: South Asia & Oceania Market Attractiveness Analysis By Sensing Axis 2024 to 2034
Figure 83: South Asia & Oceania Market Attractiveness Analysis By Device Type 2024 to 2034
Figure 84: South Asia & Oceania Market Attractiveness Analysis By Vertical 2024 to 2034
Figure 85: Middle East & Africa Market Value (US$ Mn) Forecast and Analysis, 2018 to 2023
Figure 86: Middle East & Africa Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 87: Middle East & Africa Market Value Y-o-Y Growth Analysis and Forecast, 2018 to 2034
Figure 88: Middle East & Africa Market Incremental $ Opportunity, 2023 to 2034
Figure 89: Middle East & Africa Market Share By Sensing Axis– 2024 & 2034
Figure 90: Middle East & Africa Market Y-o-Y Growth Projections By Sensing Axis 2024 to 2034
Figure 91: Middle East & Africa Market Share By Device Type – 2024 & 2034
Figure 92: Middle East & Africa Market Y-o-Y Growth Projections By Device Type 2024 to 2034
Figure 93: Middle East & Africa Market Share By Vertical – 2024 & 2034
Figure 94: Middle East & Africa Market Y-o-Y Growth Projections By Vertical 2024 to 2034
Figure 95: Middle East & Africa Market Attractiveness Analysis By Country 2024 to 2034
Figure 96: Middle East & Africa Market Attractiveness Analysis By Sensing Axis 2024 to 2034
Figure 97: Middle East & Africa Market Attractiveness Analysis By Device Type 2024 to 2034
Figure 98: Middle East & Africa Market Attractiveness Analysis By Vertical 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the fiber optic gyroscope market in 2024?
The global fiber optic gyroscope market is estimated at US$ 1.09 billion in 2024.
Which device type accounts for a leading market share?
The gyrocompass segment accounts for 52% market share in 2024.
What is the forecasted revenue from fiber optic gyroscopes by 2034?
The market for fiber optic gyroscopes is forecasted to reach US$ 1.95 billion by 2034.
What is the market growth rate projected through 2034?
The market is forecasted to grow at a CAGR of 6% through 2034.
What is the market projection for North America?
The market in North America is estimated to expand at a CAGR of 6.2%.
What is the East Asia market growth rate?
The market in East Asia is projected to grow at a CAGR of 6.3% from 2024 to 2034.
What are the statistics listed for the market in Japan?
Sales of fiber optic gyroscopes in Japan are forecasted to increase at a CAGR of 6.5% through 2034.
Fiber Optic Gyroscope Market