Asia Pacific Fiber Optic Gyroscope Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Sensing Axis (1-Axis, 2-Axis, and 3-Axis), Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, and Attitude Heading Reference System), and Application (Remotely Operated Vehicle Guidance, Aeronautics and Aviation, Robotics, Industrial, Defense and Homeland Security, and Tactical Grade Applications)

Code: TIPRE00016277 | Pages: 122 | Industry: Electronics and Semiconductor | Date: Nov 2020
Covid

Market Introduction

A fiber optic gyroscope is used in aircrafts, helicopters and remotely operated vehicles for various applications such as sight stabilisation, gun stabilisation, missile stabilisation, antenna stabilisation, and camera stabilisation among many others. In addition to aerospace and defense applications, fiber optic gyroscopes are also being utilized in industrial and robotics applications including optics or RF antenna stabilization, ground vehicles, robots, and training simulator stabilization among other industrial purposes. The APAC will experience a prominent market growth in the coming years due to some emerging economies that have increased its defense budget. China and Japan are two emerging countries with a huge demand for fiber optics gyroscope in the APAC region. Other factors that attribute this growth are a large population base, an increased number of R&D activities, rapid industrialization, and high investment to improve the sensors. Moreover, as Japan is well known as the automobile industry's manufacturing hub, driverless vehicles' new development plan gives rise to the adoption of fiber-optic-gyroscopes. Furthermore, the increased enforcement of regulations from countries like China, Japan, and South Korea, has encouraged companies to invest. Thus, end-user companies are willing to invest in measuring orientation in several devices monitoring systems for their safety, encouraging market growth. Also, adoption of fiber optic gyroscope in remotely operated vehicle is the major factor driving the growth of the APAC fiber optic gyroscope market. However, the ongoing COVID-19 outbreak is causing huge disruptions in the growth of various sectors of APAC region. Due to COVID-19 outbreak, the industrial activities and new projects have seen a sharp decline with multiple projects on hold and unavailability of labor due to movement restrictions in various countries. Hence, the ongoing disruptions in supply of raw materials & components and also in demand from China & other Asian countries is expected to impact the growth of APAC fiber optic gyroscope market in coming quarters. 


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Market Overview and Dynamics

The fiber optic gyroscope market in APAC is expected to grow from US$ 230.67 million in 2019 to US$ 348.42 million by 2027; it is estimated to grow at a CAGR of 5.4% from 2020 to 2027. The defense spending across countries is growing at an unprecedented rate in the past few years. According to SIPRI, the China is the largest defense spender across APAC with US$ 261 billion followed by India with US$ 71.1 billion. The increasing geopolitical tensions and trade wars among major countries is driving the high investments in defense sector. Also, the commercial aviation industry is growing at a steady pace. As per Airbus’s market forecast from 2019 to 2038, the long term growth outlook of APAC aviation industry is quite positive and it is projected that the air traffic will double in next fifteen years with an averages traffic growth rate of 4.3% per annum. However, the COVID-19 outbreak has affected the projected growth rate in past few months but the long term growth is expected to be positive owing to factors such as rising demand of air travel in developing countries, rising middle class, increasing consumer spending, and evolving business models of airlines. The developing nations across APAC, are expected to account for the major share of future aviation industry growth. The fiber optic gyroscopes are being widely used in APAC aerospace and defense industry for diverse applications including navigation systems, inertial measuring units, gun stabilization, attitude heading reference system, sight stabilization, missile stabilization, gyrocompass, camera stabilization, and antenna stabilization among many others. Hence, the rising defense expenditure levels across countries and growing aviation industry is anticipated to drive the adoption of fiber optics gyroscopes across APAC.

Key Market Segments

In terms of sensing axis, the 3-axis segment accounted for the largest share of the APAC fiber optic gyroscope market in 2019. Based on device, inertial navigation system held the largest market share in 2019. In terms of application, the defense and homeland security segment held a larger market share of the APAC fiber optic gyroscope market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the fiber optic gyroscope market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Advanced Navigation; Emcore Corporation; Cielo inertial Solutions Ltd; Honeywell International Inc; ixblue; KVH Industries, Inc.; Safran Colibrys SA.

Reasons to buy report

  • To understand the APAC fiber optic gyroscope market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC fiber optic gyroscope market
  • Efficiently plan M&A and partnership deals in APAC fiber optic gyroscope market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC fiber optic gyroscope market
  • Obtain market revenue forecast for fiber optic gyroscope market by various segments from 2020-2027 in APAC region.

 

APAC Fiber Optic Gyroscope Market Segmentation

APAC Fiber Optic Gyroscope Market - By Sensing Axis

  • 1-Axis
  • 2-Axis
  • 3-Axis

APAC Fiber Optic Gyroscope Market - By Device

  • Gyrocompass
  • Inertial Measurement Unit
  • Inertial Navigation System
  • Attitude Heading Reference System  

APAC Fiber Optic Gyroscope Market - By Application

  • Remotely Operated Vehicle Guidance
  • Aeronautics and Aviation
  • Robotics
  • Industrial
  • Defense and Homeland Security
  • Tactical Grade Applications

APAC Fiber Optic Gyroscope Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Fiber Optic Gyroscope Market - Company Profiles

  • Advanced Navigation
  • Cielo inertial Solutions Ltd
  • Emcore Corporation
  • Honeywell International Inc
  • ixblue 
  • KVH Industries, Inc.
  • Safran Colibrys SA  

1.           Introduction

1.1         Scope of The Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        APAC Fiber Optic Gyroscope Market – By Sensing Axis

1.3.2        APAC Fiber Optic Gyroscope Market – By Device

1.3.3        APAC Fiber Optic Gyroscope Market – By Application

1.3.4        APAC Fiber Optic Gyroscope Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Fiber Optic Gyroscope Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Fiber Optic Gyroscope –Market Dynamics

5.1         Market Drivers

5.1.1        Growing Aviation Industry and Mounting Defense Expenditure in APAC

5.2         Impact Analysis of Drivers and Restraints

6.           Fiber Optic Gyroscope Market –APAC Analysis

6.1         APAC Fiber Optic Gyroscope Market Overview

6.2         APAC Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           APAC Fiber Optic Gyroscope Market Analysis – By Sensing Axis

7.1         Overview

7.2         APAC Fiber Optic Gyroscope Market, By Sensing Axis (2019 and 2027)

7.3         1-Axis

7.3.1        Overview

7.3.2        1-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

7.4         2-Axis

7.4.1        Overview

7.4.2        2-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

7.5         3-Axis

7.5.1        Overview

7.5.2        3-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

8.           APAC Fiber Optic Gyroscope Market Analysis – By Device

8.1         Overview

8.2         APAC Fiber Optic Gyroscope Market, By Device (2019 and 2027)

8.3         Gyrocompass

8.3.1        Overview

8.3.2        Gyrocompass: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Inertial Measurement Unit

8.4.1        Overview

8.4.2        Inertial Measurement Unit: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Inertial Navigation System

8.5.1        Overview

8.5.2        Inertial Navigation System: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

8.6         Attitude Heading Reference System

8.6.1        Overview

8.6.2        Attitude Heading Reference System: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

9.           APAC Fiber Optic Gyroscope Market Analysis –By Application

9.1         Overview

9.2         APAC Fiber Optic Gyroscope Market, By Application (2019 and 2027)

9.3         Remotely Operated Vehicle Guidance

9.3.1        Overview

9.3.2        Remotely Operated Vehicle Guidance: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

9.4         Aeronautics and Aviation

9.4.1        Overview

9.4.2        Aeronautics and Aviation: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

9.5         Robotics

9.5.1        Overview

9.5.2        Robotics: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

9.6         Industrial

9.6.1        Overview

9.6.2        Industrial: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

9.7         Defense and Homeland Security

9.7.1        Overview

9.7.2        Defense and Homeland Security: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

9.8         Tactical Grade Applications

9.8.1        Overview

9.8.2        Tactical Grade Applications: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

10.        APAC Fiber Optic Gyroscope Market – Country Analysis

10.1      Overview

10.1.1     APAC: Fiber Optic Gyroscope Market, by Key Country

10.1.1.1       Australia: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1       Australia: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.1.2       Australia: Fiber Optic Gyroscope Market, by Device

10.1.1.1.3       Australia: Fiber Optic Gyroscope Market, by Application

10.1.1.2       China: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1       China: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.2.2       China: Fiber Optic Gyroscope Market, by Device

10.1.1.2.3       China: Fiber Optic Gyroscope Market, by Application

10.1.1.3       India: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1       India: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.3.2       India: Fiber Optic Gyroscope Market, by Device

10.1.1.3.3       India: Fiber Optic Gyroscope Market, by Application

10.1.1.4       Japan: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.4.1       Japan: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.4.2       Japan: Fiber Optic Gyroscope Market, by Device

10.1.1.4.3       Japan: Fiber Optic Gyroscope Market, by Application

10.1.1.5       South Korea: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.5.1       South Korea: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.5.2       South Korea: Fiber Optic Gyroscope Market, by Device

10.1.1.5.3       South Korea: Fiber Optic Gyroscope Market, by Application

10.1.1.6       Rest of APAC: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.6.1       Rest of APAC: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.6.2       Rest of APAC: Fiber Optic Gyroscope Market, by Device

10.1.1.6.3       Rest of APAC: Fiber Optic Gyroscope Market, by Application

11.        APAC Fiber Optic Gyroscope Market- COVID-19 Impact Analysis

11.1      APAC

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      New Development

13.        Company Profile

13.1      Advanced Navigation

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Cielo inertial Solutions Ltd

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      iXblue

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      EMCORE Corporation

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Honeywell International Inc.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      KVH Industries, Inc

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Safran S.A

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

             14.2      Glossary of Terms

LIST OF TABLES

Table 1.             APAC Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             APAC Fiber Optic Gyroscope Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 3.             Australia: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Australia: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Australia: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 6.             China: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)

Table 7.             China: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)

Table 8.             China: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 9.             India: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)

Table 10.          India: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)

Table 11.          India: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 12.          Japan: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)

Table 13.          Japan: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)

Table 14.          Japan: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 15.          South Korea: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)

Table 16.          South Korea: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)

Table 17.          South Korea: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 18.          Rest of APAC: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)

Table 19.          Rest of APAC: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)

Table 20.          Rest of APAC: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 21.            Glossary of Term: APAC Fiber Optic Gyroscope Market

LIST OF FIGURES

Figure 1.           APAC Fiber Optic Gyroscope Market Segmentation

Figure 2.           APAC Fiber Optic Gyroscope Market Segmentation – By Country

Figure 3.           APAC Fiber Optic Gyroscope Market Overview

Figure 4.           3-Axis Sensing Axis Segment held the Largest Share

Figure 5.           Inertial Navigation System Device Segment held the Largest Share

Figure 6.           Defense and Homeland Security Application Segment held the Largest Share of APAC Fiber Optic Gyroscope Market

Figure 7.           China to Show Great Traction During Forecast Period

Figure 8.           APAC - PEST Analysis

Figure 9.           Expert Opinion

Figure 10.        APAC Fiber Optic Gyroscope Market Impact Analysis of Drivers and Restraints

Figure 11.        APAC Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        APAC Fiber Optic Gyroscope Market Revenue Share, by Sensing Axis (2019 and 2027)

Figure 13.        APAC 1-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC 2-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        APAC 3-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        APAC Fiber Optic Gyroscope Market Revenue Share, by Device (2019 and 2027)

Figure 17.        APAC Gyrocompass: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        APAC Inertial Measurement Unit: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        APAC Inertial Navigation System: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        APAC Attitude Heading Reference System: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        APAC Fiber Optic Gyroscope Market Revenue Share, by Application (2019 and 2027)

Figure 22.        APAC Remotely Operated Vehicle Guidance: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        APAC Aeronautics and Aviation: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        APAC Robotics: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        APAC Industrial: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        APAC Defense and Homeland Security: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        APAC Tactical Grade Applications: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        APAC: Fiber Optic Gyroscope Market Revenue Share, by Key Country (2019 and 2027)

Figure 29.        Australia: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        China: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        India: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Japan: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        South Korea: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.        Rest of APAC: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)

Figure 35.          Impact of COVID-19 Pandemic in APAC Markets

  1. Advanced Navigation
  2. Emcore Corporation
  3. Cielo Inertial Solution Ltd.
  4. Honeywell International Inc
  5. ixblue
  6. KVH Industries, Inc.
  7. NEDAERO
  8. Optolink RPC LLC
  9. Safran Colibrys SA

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC fiber optic gyroscope market
  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the fiber optic gyroscope market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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