Fiber Optic Gyroscope Market

Fiber Optic Gyroscope Market Study by Gyrocompass, Inertial Navigation System, and Inertial Measurement Unit for Aerospace & Defense, Automotive, Robotics, Mining, and Healthcare from 2024 to 2034

Analysis of Fiber Optic Gyroscope Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Fiber Optic Gyroscope Market Outlook (2024 to 2034)

Expanding at 6% CAGR, the global fiber optic gyroscope market is forecasted to reach US$ 1.95 billion by the end of 2034, up from US$ 1.09 billion in 2024, as per an updated industry analysis released by Fact.MR.

Owing to the conversion from ring laser gyroscope to fiber optic gyroscope for various applications, the fiber optic gyroscope business has grown significantly beyond predictions. One of the technologies with expanding use cases is fiber optic gyroscopes.

Use of fiber optic gyroscopes is expanding. The market has grown far beyond expectations, shifting from using RLGs to FOGs for certain applications. Fiber optic gyroscopes are among the technologies that are also growing in terms of use cases. The fiber optic gyroscope technology did not gain traction in the market due to several restraints such as the lack of availability of better-quality alternatives.

North America and East Asia will be the dominant markets in 2024 for fiber optic gyroscopes. In the coming years, South Asia & Oceania are projected to be key markets for sustainable revenue generation for market players.

Key driver for market growth is the focus on technological advancements in fiber optic gyroscope design. The need for fiber optic gyroscopes is growing along with the expansion of end-use industries such as aerospace, defense, healthcare, and robotics. As these end-user industries grow, so does the demand for fiber optic gyroscopes. Thus, the global FOG production landscape is exhibiting steady expansion, with strategic initiatives aimed at meeting the rising global demand.

Report Attributes Details
Fiber Optic Gyroscope Market Size (2024E) US$ 1.09 Billion
Projected Market Value (2034F) US$ 1.95 Billion
Global Market Growth Rate (2024 to 2034) 6% CAGR
China Market Value (2034F) US$ 119.4 Million
Canada Market Growth Rate (2024 to 2034) 6.5% CAGR
North America Market Share (2024E) 23.9%
East Asia Market Value (2034F) US$ 450.9 Million
Key Companies Profiled
  • Honeywell International Inc
  • Emcore Corporation
  • Northrop Grumman Litef GmbH
  • KVH Industries Inc.
  • Nedaero Components
  • iXBlue SAS
  • Fizoptika Corp.
  • Optolink LLC

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What’s Driving Increased Investments in the Fiber Optic Gyroscope Market?

“Increasing Defense Expenditure Boosting Adoption of Fiber Optic Gyroscopes”

The defense sector primarily uses fiber optic gyroscopes for dynamic global positioning system (GPS) tracking, missile flight control, platform stabilization, ground detection, environmental observation, security, guided munitions, and earth observation. These functions serve as major drivers behind global market growth. Sustained investments in the global military sector have supported extensive research and development efforts, fueling innovations in tactical weaponry and consequently fueling fiber optic gyroscope market growth.

In the automotive industry, fiber optic gyroscopes are increasingly deployed for vehicle navigation. With businesses establishing large-scale production lines, navigation systems are now standard features in most new vehicles. Fiber optic gyroscopes find extensive applications as altitude control systems for agricultural helicopters and precision compasses or north-finding tools. The demand is rising for gyroscopes equipped with intelligent sensors, predominantly for satellite antenna positioning and navigation applications.

What Obstacles are Encountered by Fiber Optic Gyroscope Manufacturers?

“High Noise Levels Associated with Fiber Optic Gyroscopes”

One of the most significant hurdles is the intricate, costly, and time-consuming manufacturing process of fiber optic gyroscopes. This intricacy restricts the adoption of fiber optic gyroscopes and therefore impedes market growth. The substantial demand for fiber optic gyroscopes across the defense and commercial sectors faces the hindrance of demanding cycle times and capital-intensive applications.

In an aided inertial navigation system, a gyroscope typically serves as a high-bandwidth sensor, where noise level holds crucial importance. Fiber optic gyroscopes have demonstrated high noise levels in certain operations. Despite advancements in noise-rejection technology, its limited adoption is due to higher costs and increased space requirements. These obstacles hinder the market expansion of the fiber optic gyroscope market size.

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Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, asserts through its newly published analysis that North America is projected to hold 24.3% share of the global market by 2034. Manufacturers of fiber optic gyroscopes have broadened their business activities across several regions worldwide, such as Southeast Asia, Central and South America, and Australia. This strategic expansion enables them to efficiently cater to the growing global demand and minimize dependence on a single source of supply.

What’s Leading to Extensive Use of Fiber Optic Gyroscopes in the United States?

“Huge Defense Budget and Growing Adoption of Home Automation Systems”

Attribute United States
Market Value (2024E) US$ 115.9 Million
Growth Rate (2024 to 2034) 6.4% CAGR
Projected Value (2034F) US$ 216.3 Million

The United States will account for 44.5% of the fiber optic gyroscope market share in the North American region in 2024 due to several factors. The country's vast defense budget has led to the high adoption of fiber optic gyroscopes, as these devices are crucial for various military applications such as missile flight control, ground detection, and flexible GPS tracking.

Growing interest in home automation has also contributed to the market growth. Fiber optic gyroscopes are integral to the functioning of many smart home devices and are gaining demand. The presence of major players is shaping the fiber optic gyroscope market trends in the United States. This has also played a key role in the country’s market dominance. These companies have made significant investments in the development of advanced sensors, which has further contributed to the market’s growth.

Which Factors are Leading to Market Growth in China?

“Intense R&D Activities Related to Fiber Optic Technology and High Infrastructure Investments”

Attribute China
Market Value (2024E) US$ 119.4 Million
Growth Rate (2024 to 2034) 6% CAGR
Projected Value (2034F) US$ 214.2 Million

Focus on technological advancements and investments in infrastructure in China have created a conducive environment for the adoption of fiber optic gyroscopes. The country is witnessing an increase in R&D activities related to fiber optic technology, thus contributing to market growth. Growing industrialization is another factor, as it leads to the adoption of advanced technologies such as fiber optic gyroscopes. Increasing use of fiber optic gyroscopes in sectors such as aerospace, defense, healthcare, and robotics are fueling sales. These factors combined make China a prominent player in the market.

Category-wise Insights

What is the Primary Application Area for 3-axis Fiber Optic Gyroscopes?

“Rising Use of UAVs in Defense and Commercial Sectors Driving 3-axis Gyroscope Sales”

Attribute 3-Axis
Segment Value (2024E) US$ 675.7 Million
Growth Rate (2024 to 2034) 6.5% CAGR
Projected Value (2034F) US$ 1.26 Billion

Sales of 3-axis gyroscopes in the market are fueled by their growing use in autonomous vehicles, submersibles, and spacecraft. These gyroscopes play a critical role in navigating and stabilizing infrastructure in challenging battlefield, aerospace, and underwater environments. The rising deployment of drones and unmanned aerial vehicles (UAVs) across defense and commercial sectors is identified as a primary market driver. As automakers focus on extreme ruggedness, compact size, lightweight, cost-effectiveness, and low-power requirements in their vehicles, the demand for FOG technology-equipped gyroscopes is rising.

Which Device Accounts for Widespread Application in the Transportation Sector?

“Key Role of Gyrocompass in Enhancing Navigation Accuracy for Ships and Aircraft”

Attribute Gyrocompass
Segment Value (2024E) US$ 566.7 Million
Growth Rate (2024 to 2034) 5.4% CAGR
Projected Value (2034F) US$ 956.4 Million

The gyrocompass accounts for a leading market share in 2024. The gyrocompass is a type of non-magnetic compass based on a fast-spinning disc and rotation of the Earth to automatically determine the geographical direction. It has found extensive applications in the navigation systems installed in various vehicles such as ships and aircraft.

The high accuracy and reliability of the gyrocompass make it an essential component in these systems, thus contributing to its significant market share. The growing demand for precise navigation and high-performance systems in the aerospace and defense sectors is further contributing to the growth of the gyrocompass segment.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape

Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Key players in the fiber optic gyroscope industry are Honeywell International Inc., Emcore Corporation, Northrop Grumman Litef GmbH, KVH Industries Inc., Nedaero Components, iXBlue SAS, Fizoptika Corp., and Optolink LLC.

Customer service, after-sales support, and the ability to meet stringent industry regulations are crucial factors influencing competitiveness in the market. Overall, the competitive landscape is dynamic as market participants are focusing on introducing technological advancements and ensuring customer satisfaction.

  • In 2022, EMCORE Corporation publicized its purchase of the Fiber Optic Gyroscope and Inertial Navigation Systems division from KVH Industries Inc. The transaction conducted entirely in cash, amounted to roughly US$ 55 million. This sum encompassed all existing assets and liabilities, intellectual property rights, and a production facility located in Illinois.

Key Segments of Fiber Optic Gyroscope Market Research

  • By Sensing Axis :

    • 1-Axis
    • 2-Axis
    • 3-Axis
  • By Device Type :

    • Gyrocompass
    • Inertial Navigation Systems
    • Inertial Measurement Units
  • By Vertical :

    • Aerospace & Defense
    • Automotive
    • Robotics
    • Mining
    • Healthcare
    • Transportation & Logistics
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the fiber optic gyroscope market in 2024?

The global fiber optic gyroscope market is estimated at US$ 1.09 billion in 2024.

Which device type accounts for a leading market share?

The gyrocompass segment accounts for 52% market share in 2024.

What is the forecasted revenue from fiber optic gyroscopes by 2034?

The market for fiber optic gyroscopes is forecasted to reach US$ 1.95 billion by 2034.

What is the market growth rate projected through 2034?

The market is forecasted to grow at a CAGR of 6% through 2034.

What is the market projection for North America?

The market in North America is estimated to expand at a CAGR of 6.2%.

What is the East Asia market growth rate?

The market in East Asia is projected to grow at a CAGR of 6.3% from 2024 to 2034.

What are the statistics listed for the market in Japan?

Sales of fiber optic gyroscopes in Japan are forecasted to increase at a CAGR of 6.5% through 2034.

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Fiber Optic Gyroscope Market

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