What Has Been The Evolution of the Fiber Optics Gyroscope Market in Recent Years?
The fiber optics gyroscope market has seen considerable growth due to a variety of factors.
• The market size for fiber optics gyroscope has experienced substantial growth in the past few years. The market value is projected to swell from $1.27 billion in 2024 to $1.38 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
The growth in the preceding years can be linked to several factors - the surge in the automation industry, heightened homeland security measures, increasing demand for high-tech solutions, significant rise in the usage of unmanned vehicles for both defense and civilian purposes, and escalating demand for both commercial and military aircraft.
How Will the Fiber Optics Gyroscope Market?
The fiber optics gyroscope market is expected to maintain its strong growth trajectory in upcoming years.
• The fiber optics gyroscope market is projected to experience robust growth in the forthcoming years, with a prediction to reach $1.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.0%.
Factors contributing to this growth in the forecast period include an increased requirement for precise motion control and robotics, a heightened need for accurate navigation and positioning systems, expansion of the defense sector, and a growing demand for advanced guidance and control systems, along with the need for accurate navigation systems. Key trends during the forecast period are expected to be technological advancements in fiber optic gyroscopes, their integration into autonomous vehicles, increased adoption in emerging economies, advancements in gyroscope technologies, and development within the defense and aviation industry.
Which Factors Are Boosting Growth In The Fiber Optics Gyroscope Market?
The fiber optic gyroscope market is anticipated to accelerate due to the increasing necessity for accurate robotic movement control. Controlled robotic movement entails guiding robotic assets with precision to execute tasks either autonomously or semi-autonomously, ensuring dependability and accuracy. The field of robotics, encompassing robot design, construction, operation, and exploitation, is multidisciplinary. The increasing demand for exact robotic motion control is rooted in the necessity for efficiency, precision, and mechanization in various industries. Fiber optic gyroscopes play a crucial role in providing stable and accurate angular rate measurements, thus enhancing the precision of motion control and robotics. For example, a report by the International Federation of Robotics, based in Germany, stated that in September 2024, the number of installed industrial robots surged by 10% from 2022 through 2023, totaling 4,281,585 operational units worldwide in 2023. Consequently, the fiber optic gyroscope market is projected to grow, propelled by the escalating need for accurate robotic motion control.
What Key Areas Define The Segmentation Of The Global Fiber Optics Gyroscope Market?
The fiber optics gyroscope market covered in this report is segmented –
1) By Device Type: Gyrocompass, Inertial Navigation System, Inertial Measurement Unit, Other Device Types
2) By Sensing Axis: 1-Axis, 2-Axis, 3-Axis
3) By Application: Tactical Grade Applications, Remotely Operated Vehicle Guidance, Aeronautics And Aviation, Robotics, Defense And Homeland Security, Industrial
Subsegments:
1) By Gyrocompass: Marine Gyrocompasses, Land-Based Gyrocompasses
2) By Inertial Navigation System (INS): Airborne INS, Land-Based INS, Marine INS
3) By Inertial Measurement Unit (IMU): High-Performance IMUs, Tactical IMUs, Consumer IMUs
4) By Other Device Types: Stabilization Systems, Navigation Systems For Aerospace, Robotics And Automation Systems
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What Trends Are Shaping The Fiber Optics Gyroscope Market?
Key players in the fiber optics gyroscope market are leveraging innovative product development, such as digital fiber-optic gyroscope inertial navigation systems, to stay ahead of their competition. A digital fiber-optic gyroscope (FOG) inertial navigation system (INS) is a high-level navigation tool that employs fibre-optic gyroscopes to accurately measure angular rates, in addition to inertial sensors for acceleration. For example, in October 2022, Advanced Navigation, an electronics manufacturing firm based in Australia, introduced the Boreas D70, a novel digital fiber-optic gyroscope (FOG) inertial navigation system (INS). This new technology offers a 40% reduction in size, weight, power, and cost, as compared to similar existing systems, while maintaining premium performance levels. The Boreas D70 is equipped with super-fast gyro compassing, artificial intelligence-powered fusion algorithms, a dual-antenna real-time kinematic positioning (RTK) global navigation satellite system (GNSS) receiver, and a comprehensive data-access web interface.
Who Are the Key Players In The Fiber Optics Gyroscope Market?
Major companies operating in the fiber optics gyroscope market are:
• Northrop Grumman Corporation
• Honeywell International Inc.
• Safran S.A
• TDK Corporation
• STMicroelectronics
• Murata Manufacturing Co. Ltd.
• NXP Semiconductor
• SAAB AB
• Trimble Inc.
• Epson America Inc.
• iXBlue SAS
• EMCORE Corporation
• Luna Innovations
• Advanced Navigation
• Cielo Inertial Solutions Ltd.
• Furukawa (OFS)
• Fibernetics LLC
• Silicon Sensing Systems Limited
• Tamagawa Seiki Co. Ltd.
• Colibrys Ltd.
• Fizoptika Corporation
• Nyfors Teknologi AB
• NedAero Components B.V
• Optolink LLC
• FIBERPRO Inc.
• Ericco International
What Is The Most Dominant Region In The Fiber Optics Gyroscope Market?
North America was the largest region in the fiber optics gyroscope market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fiber optics gyroscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
