Fiber
Optics Gyroscope Market is expected to reach USD 1,037.0 Million by 2022,
at a CAGR of 3.61% 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), Fizoptika Corp. (Russia), Optolink LLC
(Russia), and Al Cielo Inertial Solutions Ltd. (Israel).
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Players have implemented different strategies to maintain
their position in the fiber optics gyroscopes market and ensure their long-term
growth and profitability. Many players have adopted new product launches and
developments to increase their technologies demand and cater to diverse
application areas. This strategy accounted for a share of ~80% of all the
growth strategies adopted by players in this market. Along with new product
launches, companies also adopted the strategies of contracts and expansions to increase
their market share, expand their geographic presence across the globe, and gain
recognition in the fiber optics gyroscope market.
EMCORE Corporation (U.S.) designs and manufactures optical
chips, components, systems and subsystems for the broadband and specialty fiber
optic gyroscope market. The company provides
advanced fiber optics gyroscope and navigation systems to the U.S. to
strengthen its position and develop innovative products. The company has its sales
offices in France, Germany, Hong Kong, Japan, and Singapore with additional representation by a network of
distributors across the globe. The
company focuses on innovative products development strategies to strengthen its position in the fiber optics
gyroscope market. For example, in 2014, the company launched MINAV or micro inertial navigator fiber optics
gyroscope for man-portable and remote/unmanned weapon systems for providing
accurate details in the absence of the global positioning systems (GPS).
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KVH Industries, Inc. (U.S.) is a premier manufacturer of
high-performance sensors, inertial navigation systems (INS), and fiber optic
gyroscopes for defense and commercial guidance and stabilization applications as
well as communication systems for satellite
mobile applications in the leisure, commercial, and government/military
markets. Moreover, the company develops, manufactures, and markets its products
for the marine and aeronautical sectors mainly in North America, Europe, and
Asia. In 2016, the company introduced a low-cost fiber optic gyro
technology-based inertial sensor for self-driven cars. Furthermore, the company
introduced a developer’s kit to help
engineers for integrating sensors into a
self-driven car.
