According to the new market
research report
The market for inertial
navigation systems is expected to grow at the highest CAGR between 2016 and
2022. Inertial navigation system is a commercial off-the-shelf navigation and
control solution, which uses sensor fusion to deliver reliable, high-accuracy
navigation and control to a wide variety of unmanned, autonomous, and manned
aerial, ground, and marine applications. The demand for fiber optics gyroscope
in these systems would boost fiber optics gyroscope market in the near future.
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Of all the available sensing
axis, the market for 3-axis fiber optics gyroscopes held the largest share in
2015 and the same trend is expected to continue by 2022 owing to the growing level
of integration. Manufacturers are working towards integrating several
functionalities in one system to reduce the number of components per device and
to reduce the size and weight of the overall product. 3-Axis fiber optics
gyroscopes are highly suitable for such integration.
The fiber optics gyroscope market in Asia-Pacific (APAC) is
expected to grow at the highest CAGR between 2016 and 2022. The reason for this
growth is the huge population base, increasing investments for the development
of sensors, a large number of research and development (R&D) activities,
and increasing focus on industrial applications in this region. In APAC, the
fiber optics gyroscope market is majorly driven by China and Japan because of
the rapidly increasing industrialization in these countries. Therefore, the
fiber optics gyroscope market in APAC is expected to grow rapidly between 2016
and 2022.
The key players in the ecosystem of 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), Fizoiptika Corp. (Russia), Optolink LLC (Russia), and Al Cielo Inertial
Solutions Ltd. (Israel).
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