Fiber Optic Gyroscope Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.13 Billion |
| Market Size (2029) | USD 1.41 Billion |
| CAGR (2024 - 2029) | 4.49 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Fiber Optic Gyroscope Market Analysis
The Fiber Optic Gyroscope Market size is estimated at USD 1.13 billion in 2024, and is expected to reach USD 1.41 billion by 2029, growing at a CAGR of 4.49% during the forecast period (2024-2029).
Fiber optic gyroscopes, known for their high output rates and precision in measuring angular velocity across diverse angles, are witnessing a surge in adoption. This trend is particularly evident in uncrewed military vehicles and airborne surveillance systems, driving up the demand for these gyroscopes in the aerospace and defense sectors.
鈥arious sectors, including aerospace, defense, and industrial domains, are increasingly turning to fiber optic gyroscopes. This is attributed to their compact size, lightweight nature, longevity, reliability, low power consumption, and suitability for mass production. As a result, this heightened demand across sectors propels the market's growth. With governments worldwide ramping up military expenditures to bolster their defense capabilities, there is a corresponding surge in demand for fiber optic gyroscopes, especially in applications like remotely operated vehicle guidance.
鈥he market is driven by the growing adoption of drones and UAVs across defense and commercial sectors. The Federal Aviation Administration (FAA) reported that in 2023, approximately 516.8 thousand drones were registered for recreational flying in the United States. Notably, this count excludes hobbyist drones, which are not required to be registered.
鈥ey drivers bolstering the fiber optics gyroscope (FOG) market include heightened defense spending in both emerging and established economies, alongside a surge in automation adoption across industries and households. Israel, a frontrunner in military application advancements, showcases its prowess with Tel Aviv's Airobotics spearheading autonomous solutions for enterprises, propelling the fiber optic gyroscope market. Using fiber optic gyroscopes for measurement during oil drilling processes and the rising prominence and evolution of remotely operated vehicles further fuel the market鈥檚 growth.
鈥he market鈥檚 growth is also being significantly driven by the trend of miniaturizing fiber optic gyroscopes (FOGs) for consumer electronics and industrial applications, alongside efforts to cut manufacturing costs. By reducing the size and cost of FOGs, manufacturers are broadening their applications to sectors like consumer electronics, automotive, aerospace, and industrial automation. This broadened application is spurring greater adoption of FOGs in new and established markets due to their superior precision and reliability. With the surging demand for compact, high-performance sensors, the FOG market is set for substantial growth in the years ahead.
鈥espite significant demand for fiber optic gyroscopes in the market, their complicated, costly, and time-consuming manufacturing process poses a considerable constraint. This limitation restricts the widespread adoption of fiber optic gyroscopes and curtails the market鈥檚 growth to some degree.
鈥acroeconomic factors, including shifting geopolitical issues and economic conditions, are pivotal in shaping the market. For example, regions enjoying robust economic health typically allocate greater budgets to advanced military and defense systems, thereby broadening the adoption of these solutions. Geopolitical challenges, such as wars, further drive the growth of the market studied.
Fiber Optic Gyroscope Market Trends
Aerospace and Aviation Segment to Dominate the Market
- The aerospace and aviation industry, a major end-user of fiber optic gyroscopes, extensively employs these devices in flight control, ground detection, and dynamic global positioning system (GPS) tracking. Coupled with rising investments in the aviation sector, particularly in the Asia-Pacific region, this trend is set to bolster the demand for fiber optic gyroscopes.
- For instance, India is rapidly establishing itself as one of the world's largest aviation markets. Over the past year, leading Indian airlines, including Air India, Indigo, and Akasa Air, collectively placed orders for more than 1,100 aircraft, marking one of the largest commercial aircraft orders in global history.
- Similarly, the global market mirrors this trend. Boeing, a leading name in commercial aircraft manufacturing, projects that from 2023 to 2042, the global commercial fleet will welcome approximately 42,595 new aircraft deliveries. Given the prominent role of fiber optic gyroscopes (FOGs) in aircraft navigation systems, monitoring motion in aviation, and capturing metrics like angular velocity and speed, such instances are poised to propel the growth of the market.
- As countries like India ramp up their space missions, the growing activities in the space exploration sector are set to boost the market studied, especially since FOGs play a crucial role in space rockets and related systems. Moreover, the emergence of private companies like SpaceX and Blue Origin, with their vision of making space travel a reality, further amplifies the opportunities in the market studied.
- As reported by Jonathan Space Report, 2023 witnessed approximately 9,115 active satellites orbiting Earth, marking a 35% surge from the prior year's count. Gyroscopes play a pivotal role in space vehicles and launch rockets, enabling them to detect orientation and angular motion. This capability allows precise control and tracking of the craft's movement from its initial position. Consequently, the uptick in satellite launches fosters a conducive environment for the growth of the market studied.
Asia-Pacific to Witness a Significant Growth Rate
- In the coming years, the Asia-Pacific is set to witness significant market growth, driven by rising defense budgets in several emerging economies. Notably, China and Japan are leading the demand for fiber optic gyroscopes in the region. Contributing to this growth are factors such as heightened R&D activities in the aerospace and defense segment, swift industrialization, and substantial investments to enhance sensors, drones, and unmanned maritime vessels.
- China's emergence as a manufacturing hub for the automobile industry, coupled with its new development plans for driverless vehicles, is spurring the adoption of fiber optic gyroscopes. The tightening of regulations in countries like China, Japan, and South Korea has further incentivized corporate investments. As a result, end-user companies increasingly prioritize orientation measurement in various monitoring systems, underscoring the market's expansion.
- In recent years, India has emerged as a leading spender on military and defense products, making it a lucrative market for FOGs. For example, in February 2024, the US State Department approved a potential USD 3.9 billion deal for General Atomics MQ-9B drones to India. This deal underscores the strengthening of defense and security cooperation between Washington and New Delhi. The proposed package for the Indian military encompasses 31 SkyGuardian unmanned aerial vehicles, 310 Small Diameter Bombs, and 170 Hellfire missiles. The package includes radars and anti-submarine equipment for the maritime-focused SeaGuardian variant.
- India is making notable strides in aerospace and defense production, driving opportunities in the studied market. For instance, recently, Adani-Elbit Advanced Systems India Ltd, India's inaugural private UAV manufacturing facility, successfully delivered over 20 Hermes 900 medium-altitude, long-endurance (MALE) UAVs to Israel. This joint venture, based in Hyderabad and formed between India's Adani Defence and Aerospace and Israel's Elbit Systems, proudly stands as the first entity to produce these UAVs outside of Israel.
- Other countries are witnessing similar trends. For example, China is actively bolstering its UAV capabilities. According to the Civil Aviation Administration of China (CAAC), by the end of 2023, China boasted 1.27 million registered drones, marking a 32.2% increase from the prior year. Consequently, these trends and advancements are poised to fuel the growth of the market studied in the region during the forecast period.
Fiber Optic Gyroscope Industry Overview
The fiber optic gyroscope market features a moderate level of competition, with several key players at the forefront. A select few of these players currently hold a dominant position in terms of market share. The swift ascent of unmanned vehicles, coupled with ongoing technological advancements, presents enticing opportunities for market vendors. While the competitive rivalry among established players remains moderate, companies are leveraging innovation strategies to drive market demand. However, challenges such as intricate and time-intensive manufacturing processes, substantial investments, and a low cost-benefit ratio have deterred new entrants from producing fiber optic gyroscopes. Some key market players include Emcore, Honeywell, and Safran.
鈥une 2024: Exail clinched a significant deal with Rheinmetall, agreeing to deliver 1004 units of its Advans Ursa inertial navigation systems (INS) for the German Army's Caracal 4脳4 vehicles. Leveraging Exail鈥檚 advanced Fiber-Optic Gyroscope (FOG) technology, the Advans Ursa stands out as a compact and budget-friendly INS specifically designed for tactical navigation. This system ensures accurate and dependable navigation data, even in challenging conditions. As a result, Caracal vehicles can confidently navigate without any constraints, regardless of time or distance, even in scenarios where GNSS signals are entirely absent.
鈥une 2024: Inertial Labs has unveiled its newest offering, the INS-FI. This GPS-assisted Inertial Navigation System (INS) leverages Tactical-grade Fiber Optic Gyroscope (FOG) technology, positioning it as one of the market's most sophisticated and dependable INS solutions. It boasts a multi-band GNSS receiver compatible with all constellations, including GPS, GALILEO, GLONASS, QZSS, NAVIC, and BEIDOU.
Fiber Optic Gyroscope Market Leaders
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EMCORE Corporation
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Honeywell International Inc.
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Safran Colibrys SA
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iXBlue SAS
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Fizoptika Malta
*Disclaimer: Major Players sorted in no particular order
Fiber Optic Gyroscope Market News
- May 2024: Researchers from Italy's Consiglio Nazionale delle Ricerche Istituto Nazionale di Ottica (CNR-INO) have developed a prototype fiber optic gyroscope. This device is designed for high-resolution, real-time monitoring of ground rotations triggered by earthquakes in the Campi Flegrei region of Naples, known for its volcanic activity. To deepen the understanding of seismic events in this densely populated locale, the researchers have shared preliminary data from their 2-km long fiber-optic gyroscope. Over a continuous five-month period, the sensor excelled in data recording and successfully identified noise and ground rotations linked to small to medium local earthquakes.
- March 2024: Exail unveiled its newest offering, the Phins 9 Compact, an inertial navigation system (INS) tailored for unmanned underwater vehicles. Central to the Phins 9 Compact is a Fiber-Optic Gyroscope (FOG)-based Inertial Measurement Unit (IMU) complemented by state-of-the-art accelerometers. Its compact design, coupled with a DVL-aided position accuracy of 0.1% TD and a power draw of under 7 W, makes it ideal for compact subsea vehicles.
Fiber Optic Gyroscope Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of Macroeconomic Trends on the Fiber Optic Gyroscope Market
5. MARKET DYNAMICS
5.1 Marker Drivers
5.1.1 Rapid Growth of Unmanned Vehicle in Defense and Civilian Applications
5.1.2 Expanding Defense Expenditure Globally
5.2 Market Restraints
5.2.1 Substantial Rise in Complexity Challenging the Market Demand
5.2.2 Increasing Demand for Advanced Microelectromechanical Systems Gyroscopes
6. MARKET SEGMENTATION
6.1 By Coil Type
6.1.1 Flanged
6.1.2 Hubbed
6.1.3 Freestanding
6.2 By Sensing Axis
6.2.1 1-axis
6.2.2 2-axis
6.2.3 3-axis
6.3 By Device
6.3.1 Gyrocompass
6.3.2 Inertial Measurement Unit
6.3.3 Inertial Navigation System
6.4 By End-user Industry
6.4.1 Aerospace and Aviation
6.4.2 Robotics
6.4.3 Automotive (Autonomous Vehicles)
6.4.4 Defense
6.4.5 Industrial
6.4.6 Other End-user Industries
6.5 By Geography***
6.5.1 North America
6.5.2 Europe
6.5.3 Asia-Pacific
6.5.4 Australia and New Zealand
6.5.5 Latin America
6.5.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 EMCORE Corporation
7.1.2 Honeywell International Inc.
7.1.3 KVH Industries Inc.
7.1.4 Safran Colibrys SA
7.1.5 iXBlue SAS
7.1.6 Northrop Grumman LITEF GmbH
7.1.7 Cielo inertial Solutions Ltd
7.1.8 Fizoptika Malta
7.1.9 NEDAERO
7.1.10 Optolink LLC
7.1.11 Advanced Navigation
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Fiber Optic Gyroscope Industry Segmentation
A fiber optic gyroscope (FOG) detects orientation changes via the Sagnac effect, mirroring the functions of a mechanical gyroscope. While both optical and mechanical gyros serve similar purposes, the optical variant utilizes light traversing a coil of optical fiber. This advanced fiber-optic navigation technology is pivotal in aircraft, unmanned aerial vehicles, missiles, and ground vehicles.
The study utilized global sales revenue from major market players in the fiber optic gyroscope sector as a foundation for market estimations. It evaluates the impact of prevailing trends, dynamics, and macroeconomic factors to refine these estimations.
The fiber optic gyroscope market is segmented by coil type (flanged, hubbed, freestanding), sensing axis (1-axis, 2-axis, 3-axis), device (gyrocompass, inertial measurement unit, inertial navigation system), end-user industry (aeronautics and aviation, robotics, automotive, defense, industrial, other end-user industries), and by geography (North America, Europe, Asia-Pacific, Australia and New Zealand, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Coil Type | |
| Flanged | |
| Hubbed | |
| Freestanding |
| By Sensing Axis | |
| 1-axis | |
| 2-axis | |
| 3-axis |
| By Device | |
| Gyrocompass | |
| Inertial Measurement Unit | |
| Inertial Navigation System |
| By End-user Industry | |
| Aerospace and Aviation | |
| Robotics | |
| Automotive (Autonomous Vehicles) | |
| Defense | |
| Industrial | |
| Other End-user Industries |
| By Geography*** | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Fiber Optic Gyroscope Market Research FAQs
How big is the Fiber Optic Gyroscope Market?
The Fiber Optic Gyroscope Market size is expected to reach USD 1.13 billion in 2024 and grow at a CAGR of 4.49% to reach USD 1.41 billion by 2029.
What is the current Fiber Optic Gyroscope Market size?
In 2024, the Fiber Optic Gyroscope Market size is expected to reach USD 1.13 billion.
Who are the key players in Fiber Optic Gyroscope Market?
EMCORE Corporation, Honeywell International Inc., Safran Colibrys SA, iXBlue SAS and Fizoptika Malta are the major companies operating in the Fiber Optic Gyroscope Market.
Which is the fastest growing region in Fiber Optic Gyroscope Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fiber Optic Gyroscope Market?
In 2024, the North America accounts for the largest market share in Fiber Optic Gyroscope Market.
What years does this Fiber Optic Gyroscope Market cover, and what was the market size in 2023?
In 2023, the Fiber Optic Gyroscope Market size was estimated at USD 1.08 billion. The report covers the Fiber Optic Gyroscope Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fiber Optic Gyroscope Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fiber Optic Gyroscope Industry Report
Statistics for the 2024 Fiber Optic Gyroscope market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Fiber Optic Gyroscope analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
