Fiber Optic Market Inertial Navigation System to Grow at the Highest CAGR Between 2016 and 2022


Posted May 29, 2017 by RameshwarM

The fiber optics gyroscope market is expected to be worth USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022.

 
Fiber optics gyroscope is used in the navigation system and measurement units for navigation and controlling devices. Factors such as the rising demand for unmanned vehicles and growing industrialization could generate significant opportunities for this market in the near future.
Browse 66 market data tables and 56 figures spread through 141 pages and in-depth TOC on “Fiber Optics Gyroscope Market - Global Forecast to 2022"
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“Demand for inertial navigation systems expected to drive the growth of the fiber optics gyroscope market”
The market for inertial navigation systems is expected to grow at the highest CAGR between 2016 and 2022. Inertial navigation system is a commercial off-the-shelf navigation and control solution, which uses sensor fusion to deliver reliable, high-accuracy navigation and control to a wide variety of unmanned, autonomous, and manned aerial, ground, and marine applications. The demand for fiber optics gyroscope in these systems would boost fiber optics gyroscope market in the near future.
“3-axis fiber optics gyroscope expected to hold the largest share between 2016 and 2022”
The market for 3-axis fiber optics gyroscopes held the largest share in 2015 and the same trend is expected to continue by 2022 owing to the growing level of integration.
Manufacturers are working towards integrating several functionalities in one system to reduce the number of components per device and to reduce the size and weight of the overall product. 3-Axis fiber optics gyroscopes are highly suitable for such integration.


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Research Methodology:

To estimate the size of the fiber optics gyroscope market, top-down and bottom-up approaches have been used.
This research study involves an extensive usage of secondary sources, directories, and paid databases such as Factiva and OneSource to identify and collect information useful to study the technical, market-oriented, and commercial aspects of fiber optics gyroscope.

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Issued By Raeshwar Mali
Website Fiber Optic Gyroscope Market for Inertial Navigation System to Grow at the Highest CAGR Between 2016 and 2022
Country India
Categories Manufacturing , Science , Technology
Tags fiber optic gyroscope market
Last Updated May 29, 2017