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 market 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.

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