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The fiber optics gyroscope market is expected to be worth USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022. Fiber optics gyroscopes are widely used for remotely operated vehicle guidance and industrial applications. Fiber optics gyroscope is used in the navigation system and measurement units for navigation and controlling devices.
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MarketsandMarkets Presents Fiber Optics Gyroscope Market worth 1,037.0 Million USD by 2022 The fiber optics gyroscope market is expected to be worth USD 1,037.0 Million by 2022, at a CAGR of 3.61% between 2016 and 2022. Fiber optics gyroscopes are widely used for remotely operated vehicle guidance and industrial applications. Browse 66 market data tables and 56 figures spread through 141 pages and in-depth TOC on “Fiber Optics Gyroscope Market - Global Forecast to 2022" Fiber optics gyroscope is used in the navigation system and measurement units for navigation and controlling devices. Factors such as the rising demand for unmanned vehicles and growing industrialization could generate significant opportunities for this market in the near future.
“Demand for inertial navigation systems expected to drive the growth of the fiber optics gyroscope market” 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. Download PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=99825571 Early buyers will receive 10% customization on reports. Moreover, the overall fiber optics gyroscope market is driven by factors such as the huge demand for remotely operated vehicles guidance and growing adoption of automation in industries and homes.
The research methodology is explained below. • This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. • High-growth segments have been identified to analyze opportunities in the overall fiber optics gyroscope market. • Competitive developments such as contracts, agreement and acquisitions, new product developments, and research and development (R&D) in the overall fiber optics gyroscope market have been analyzed. • All the percentage splits and breakdown of the market segments are analyzed on the basis of secondary and primary research. • Get More Information@ • http://www.marketsandmarkets.com/Market-Reports/fiber-optic-gyroscope-market-99825571.html • In 2015, the defense and homeland security applications accounted for the largest share of the fiber optics gyroscope market, followed by the aeronautics and aviation application. The market for the remotely operated vehicle guidance is expected to grow at a high rate between 2016 and 2022.
Research Methodology: To estimate the size of the fiber optics gyroscope market, top-down and bottom-up approaches have been used. This research study involves an extensive usage of secondary sources, directories, and paid databases such as Factiva and OneSource to identify and collect information useful to study the technical, market-oriented, and commercial aspects of fiber optics gyroscope. North America is expected to hold the largest share of the fiber optics gyroscope market in 2022. Presence of major players, increasing investments toward the development of advanced sensors, and increasing expenditure in defense sectors by the U.S. are driving the growth of the fiber optics gyroscope market in North America. The key restraining factors in the fiber optics gyroscope market is the highly complex manufacturing process and demanding cycle time as well as the capital-intensive applications in this market. EMCORE Corporation (U.S.) designs and manufactures optical chips, components, systems and subsystems for the broadband and specialty fiber optics gyroscope market. The company provides advanced fiber optics gyroscope and navigation systems to the U.S. The company focuses on innovative products development strategies to strengthen its position in the fiber optics gyroscope market
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