North America 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)

TIPRE00016229 | Pages: 112 | Electronics and Semiconductor | Nov 2020 | Type: Regional | Status: Published

Market Introduction

A fiber optic gyroscope is used in aircrafts, helicopters and remotely operated vehicles for various applications such as sight stabilization, gun stabilization, missile stabilization, antenna stabilization, and camera stabilization 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. These gyroscopes uses Sagnac effect and have no moving parts which makes them highly suitable for high-shock applications, complex space applications, fiber optic gyrocompasses, inertial navigation systems of missiles, remotely-operated and autonomous vehicles, and surveying equipment. The benefits offered by these gyroscopes such as high rotational rate, no moving parts, and higher resolution over other alternatives such as mechanical gyroscopes and ring laser gyroscope are driving the adoption of these gyroscopes in aerospace, defense, and industrial sectors. In addition to this, the rising military expenditure in North America owing to increasing geopolitical tensions among major countries coupled with growing adoption of these gyroscopes in remotely operated vehicles guidance applications are further fuelling the growth of North America fiber optic gyroscope market. Also, fiber optic gyroscopes are witnessing high demand among various industrial applications is expected to create a significant demand for fiber optic gyroscope in the coming years, which is further anticipated to drive the North America fiber optic gyroscope market.

Furthermore, COVID-19 is having a very devastating impact over the North America region. North America held the largest share of fiber optic gyroscope market owing to the presence of country such as the US, where investments and expenditure on military sector is quite high. Additionally, the presence of some of the largest fiber optic gyroscope systems manufacturers, military equipment manufacturers, and aircraft manufactures in the region are contributing to the growth of fiber optic gyroscope market. Hence, North America is one of the most important regions for the growth and demand of fiber optic gyroscope devices owing to favorable government policies to boost military sector and presence of huge military base, especially in developed countries such as the US and Canada. Hence, any impact on the growth of these sectors is expected to affect the economic growth of the region in a negative manner including North America fiber optic gyroscope market. At present, the US is the worst affected country due to COVID-19 outbreak. The US is one of the largest markets for fiber optic gyroscope especially in military sector owing to stringent government/industry regulations regarding safety standards and growing number of attacks. The unprecedented increase in the number of confirmed cases and rising reported deaths in the country is affecting both supply and demand of fiber optic gyroscope equipment due to supply chain disruptions across the region. The ongoing slump in commercial infrastructure development activities and new defense projects across the US, Canada, and Mexico is impacting the demand of North America fiber optic gyroscope market. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to impact the fiber optic gyroscope market growth in North America region in a negative manner for the next few quarters.



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Market Overview and Dynamics

The fiber optic gyroscope market in North America is expected to grow from US$ 339.04 million in 2019 to US$ 489.88 million by 2027; it is estimated to grow at a CAGR of 4.9% from 2020 to 2027. Remotely operated vehicle (ROV) guidance is one of the key application areas of fiber optic gyroscope market and it is projected to be the fastest growing application over the forecast period of 2020 to 2027. The growing adoption of ROVs such as unmanned underwater vehicle, unmanned aerial vehicle, and unmanned ground vehicle across industries like oil & gas, energy & power, automotive, defense, and manufacturing is anticipated to drive the future adoption of fiber optic gyroscopes in these industries. In addition to this, the rising miniaturization trend in fiber optic gyroscope market to offer efficient, light-weight, and compact gyroscope offerings and to meet the challenging size and performance demands of today’s industry applications is expected to drive technological advancements in the North America fiber optic gyroscope market in the coming years.


Key Market Segments

In terms of sensing axis, the 3-axis segment accounted for the largest share of the North America fiber optic gyroscope market in 2019. Based on device, inertial navigation system held the largest market share in 2019 for North America fiber optic gyroscope market. In terms of application, the defense and homeland security segment held a larger market share of the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cielo Inertial Solutions Ltd.; Emcore Corporation; ixblue; Honeywell International Inc; KVH Industries, Inc.; Safran Colibrys SA.

Reasons to buy report

  • To understand the North America 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 North America fiber optic gyroscope market
  • Efficiently plan M&A and partnership deals in North America 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 North America fiber optic gyroscope market
  • Obtain market revenue forecast for fiber optic gyroscope market by various segments from 2020-2027 in North America region.


North America Fiber Optic Gyroscope Market Segmentation

North America Fiber Optic Gyroscope Market - By Sensing Axis

  • 1-Axis
  • 2-Axis
  • 3-Axis

North America Fiber Optic Gyroscope Market - By Device

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

North America Fiber Optic Gyroscope Market - By Application

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

North America Fiber Optic Gyroscope Market - By Country

  • US
  • Canada
  • Mexico

North America Fiber Optic Gyroscope Market - Company Profiles

  • Cielo Inertial Solutions Ltd.
  • Emcore Corporation
  • ixblue
  • Honeywell International Inc
  • 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        North America Fiber Optic Gyroscope Market – By Sensing Axis

1.3.2        North America Fiber Optic Gyroscope Market – By Device

1.3.3        North America Fiber Optic Gyroscope Market – By Application

1.3.4        North America Fiber Optic Gyroscope Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Fiber Optic Gyroscope Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Fiber Optic Gyroscope –Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Defense Spending and Growing Aviation Industry

5.1.2        Fiber Optic Gyroscopes Witnessing High Demand Among Various Industrial Applications

5.2         Market Restraints

5.2.1        Alternative Options Available

5.3         Market Opportunities

5.3.1        High Demand Opportunities in Developing Regions

5.4         Future Trends

5.4.1        Remotely Operated Vehicles Witnessing Acceptance

5.5         Impact Analysis of Drivers and Restraints

6.           Fiber Optic Gyroscope Market – North America Analysis

6.1         North America Fiber Optic Gyroscope Market Overview

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

6.3         Market Positioning – Five Key Players

7.           North America Fiber Optic Gyroscope Market Analysis  By Sensing Axis

7.1         Overview

7.2         North America 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.           North America Fiber Optic Gyroscope Market Analysis  By Device

8.1         Overview

8.2         North America 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.           North America Fiber Optic Gyroscope Market Analysis By Application

9.1         Overview

9.2         North America 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.        North America Fiber Optic Gyroscope Market – Country Analysis

10.1      Overview

10.1.1     North America: Fiber Optic Gyroscope Market, by Key Country

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

10.1.1.1.1       US: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.1.2       US: Fiber Optic Gyroscope Market, by Device

10.1.1.1.3       US: Fiber Optic Gyroscope Market, by Application

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

10.1.1.2.1       Canada: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.2.2       Canada: Fiber Optic Gyroscope Market, by Device

10.1.1.2.3       Canada: Fiber Optic Gyroscope Market, by Application

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

10.1.1.3.1       Mexico: Fiber Optic Gyroscope Market, by Sensing Axis

10.1.1.3.2       Mexico: Fiber Optic Gyroscope Market, by Device

10.1.1.3.3       Mexico: Fiber Optic Gyroscope Market, by Application

11.        North America Fiber Optic Gyroscope Market- COVID-19 Impact Analysis

11.1      North America

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      New Development

13.        Company Profile

13.1      Cielo inertial Solutions Ltd

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      iXblue

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      EMCORE Corporation

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      Honeywell International Inc.

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      KVH Industries, 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      Safran S.A

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

14.        Appendix

14.1      About The Insight Partners

             14.2      Glossary of Terms

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

Table 12.            Glossary of Term: North America Fiber Optic Gyroscope Market

LIST OF FIGURES

Figure 1.           North America Fiber Optic Gyroscope Market Segmentation

Figure 2.           North America Fiber Optic Gyroscope Market Segmentation – By Country

Figure 3.           North America 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 North America Fiber Optic Gyroscope Market

Figure 7.           Mexico to Show Great Traction During Forecast Period

Figure 8.           North America – PEST Analysis

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 32.          Impact of COVID-19 Pandemic in North American Markets

  1. Cielo Inertial Solutions Ltd.
  2. Emcore Corporation
  3. ixblue
  4. Honeywell International Inc
  5. KVH Industries, Inc.
  6. Safran Colibrys SA

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America market trends and outlook coupled with the factors driving the fiber optic gyroscope market, as well as those hindering it
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