The Fiber Optics Gyroscope Market Led by Inertial Navigation System Growing at 3.61% CAGR to HIT $1037 Million by 2022

PUNE, India, Feb. 9, 2017 /PRNewswire-iReach/ -- The research study covers the fiber optics gyroscope market in North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The fiber optics gyroscope market in APAC is expected to grow at the highest CAGR between 2016 and 2022. North America is the largest region for the fiber optics gyroscope market. The growing industrial and home automation and the huge defense expenditure by the U.S. government are some of the important factors that have contributed to the growth of the fiber optics gyroscope market in this region. Complete report on "Fiber Optics Gyroscope Market" spread across 141 pages, profiling 10 companies and supported with 66 tables and 56 figures is now available athttp://www.rnrmarketresearch.com/fiber-optics-gyroscope-market-by-sensing-axis-1-2-and-3-device-gyrocompass-inertial-measurement-unit-inertial-navigation-system-and-attitude-heading-reference-system-application-and-geography-global-fo-st-to-2022-market-report.html .

Defense and homeland security application is a driving factor for the fiber optics gyroscope market and held the largest market share in 2015. The defense sector uses different equipment that is optimized with several intelligent sensors for navigation, satellite antenna positioning, and other applications. Some of the major applications in this sector provided by fiber optics gyroscopes are missiles flight control, dynamic global positioning system (GPS) tracking, dynamic platform stabilization, environmental observation, ground detection, and guided ammunition, security, and earth observation applications among others. These factors are expected to propel the growth of the fiber optics gyroscope market for the defense and homeland security application.

The major reason for the growth of the fiber optics gyroscope market is the increasing defense expenditure globally owing to the growing demand for equipment optimized with several intelligent sensors for navigation, satellite antenna positioning, and other applications. Highly complex and time-consuming manufacturing process is a major restraining factor for the growth of the fiber optics gyroscope market.

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The key players in the fiber optics gyroscope market profiled in this report are EMCORE Corporation (U.S.), Honeywell International, Inc. (U.S.), Colibrys Ltd. (Switzerland), KVH Industries, Inc. (U.S.), Northrop Grumman LITEF GmbH (Germany), Nedaero Components (Netherlands), iXBlue SAS (France), Fizoptika Corp. (Russia), Optolink LLC (Russia), and Al Cielo Inertial Solutions Ltd. (Israel).Download PDF Brochure "Fiber Optics Gyroscope Market by Sensing Axis (1, 2, and 3), Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, and Attitude Heading Reference System), Application, and Geography - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=859244 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (25%) and Tier 3 (40%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (25%), Directors (35%) and others (40%) from various key organizations operating in the Fiber Optics Gyroscope Market. The primary interviews were conducted worldwide covering regions such as North America (25%), APAC (35%), Europe (35%) and RoW (5%).

Research Coverage: The report provides a clear analysis of fiber optics gyroscope and its requirement across different applications, devices, and regions. This report aims at estimating the market size and future growth potential of this market across different segments such as sensing axes, devices, applications, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

On a related note, another research titled Inertial Navigation System (INS) Market Global Forecast to 2020says, the inertial navigation system (INS) market is projected to grow from USD 4.64 billion in 2015 to USD 8.87 billion by 2020, at a CAGR of 13.81% during the forecast period of 2015 to 2020. Commercial platform application segment to witness the highest growth during the forecast period. The vibrating gyro technology in INS is expected to exhibit the highest growth rate in the INS market during the forecast period from 2015 to 2020. The Asia-Pacific region to offer significant opportunities for growth. Companies such as Northrop Grumman Corporation (U.S.), Honeywell International Inc. (U.S.), Sagem (France), Rockwell Collins (U.S.), and Thales SA (France) have been profiled in this 153 pages research report available at http://www.rnrmarketresearch.com/inertial-navigation-system-market-by-product-marine-grade-navigation-grade-tactical-grade-and-commercial-grade-by-technology-mechanical-fiber-optic-gyro-fog-ring-laser-gyro-rlg-micro-ele-market-report.html .

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