According to a new market research study on “APAC Fiber Optic Gyroscope Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Sensing Axis, Device and Application” is expected to reach US$ 348.42 million by 2027 from US$ 230.67 million in 2019. The market is estimated to grow at a CAGR of 5.4% from 2020 to 2027. The report provides trends prevailing in the APAC fiber optic gyroscope market along with the drivers and restraints pertaining to the market growth. Adoption of fiber optic gyroscope in remotely operated vehicle is the major factor driving the growth of the APAC fiber optic gyroscope market. However, issues associated with presence of alternate solutions hinders the growth of APAC fiber optic gyroscope market.
The APAC market for fiber optic gyroscope is segmented into sensing axis, device, application, and country. Based on sensing axis, the APAC fiber optic gyroscope market is divided into 1-axis, 2-axis, and 3-axis. In terms of revenue, the 3-axis segment is projected to be the largest segment over the forecast period from 2020 to 2027. On the basis of device, the market is segmented into gyrocompass, inertial measurement unit, inertial navigation system, and attitude heading reference system. The inertial navigation system segment contributed a substantial share in 2019, and it is also anticipated to be the fastest growing device type in the APAC fiber optic gyroscope market. Based on application, the Europe fiber optic gyroscope market is segmented into remotely operated vehicle guidance, aeronautics & aviation, robotics, industrial, defense and homeland security, and tactical grade applications. The defense and homeland security segment held the largest share in 2019 whereas remotely operated vehicle guidance segment is anticipated to be fastest growing segment.
Also the ongoing COVID-19 outbreak is causing huge disruptions in the growth of various sectors in the APAC region. Due to the COVID-19 outbreak, industrial activities and new projects have seen a sharp decline with multiple projects on hold and unavailability of labor due to movement restrictions in various countries. Due to the ongoing disruptions in supply of raw materials & components the demand from China and other Asian countries is expected to decrease and impact the growth of APAC fiber optic gyroscope market in coming quarters.
Advanced Navigation; Emcore Corporation; Cielo inertial Solutions Ltd; Honeywell International Inc; ixblue ; KVH Industries, Inc.; Safran Colibrys SA are among the leading companies in the APAC fiber optic gyroscope market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020 iXblue, declared the introduction of new range of cost-effective FOG-based INS dedicated to land and air mobile mapping applications, the Atlans Series.
The report segments the APAC Fiber Optic Gyroscope Market as follows:
APAC Fiber Optic Gyroscope Market - By Sensing Axis
APAC Fiber Optic Gyroscope Market - By Device
APAC Fiber Optic Gyroscope Market - By Application
APAC Fiber Optic Gyroscope Market - By Country
Reasons to Buy
The APAC market for fiber optic gyroscope is segmented into sensing axis, device, application, and country. Based on sensing axis, the APAC fiber optic gyroscope market is divided into 1-axis, 2-axis, and 3-axis. In terms of revenue, the 3-axis segment is projected to be the largest segment over the forecast period from 2020 to 2027. On the basis of device, the market is segmented into gyrocompass, inertial measurement unit, inertial navigation system, and attitude heading reference system. The inertial navigation system segment contributed a substantial share in 2019, and it is also anticipated to be the fastest growing device type in the APAC fiber optic gyroscope market. Based on application, the Europe fiber optic gyroscope market is segmented into remotely operated vehicle guidance, aeronautics & aviation, robotics, industrial, defense and homeland security, and tactical grade applications. The defense and homeland security segment held the largest share in 2019 whereas remotely operated vehicle guidance segment is anticipated to be fastest growing segment.
Also the ongoing COVID-19 outbreak is causing huge disruptions in the growth of various sectors in the APAC region. Due to the COVID-19 outbreak, industrial activities and new projects have seen a sharp decline with multiple projects on hold and unavailability of labor due to movement restrictions in various countries. Due to the ongoing disruptions in supply of raw materials & components the demand from China and other Asian countries is expected to decrease and impact the growth of APAC fiber optic gyroscope market in coming quarters.
Advanced Navigation; Emcore Corporation; Cielo inertial Solutions Ltd; Honeywell International Inc; ixblue ; KVH Industries, Inc.; Safran Colibrys SA are among the leading companies in the APAC fiber optic gyroscope market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020 iXblue, declared the introduction of new range of cost-effective FOG-based INS dedicated to land and air mobile mapping applications, the Atlans Series.
The report segments the APAC Fiber Optic Gyroscope Market as follows:
APAC Fiber Optic Gyroscope Market - By Sensing Axis
- 1-Axis
- 2-Axis
- 3-Axis
APAC Fiber Optic Gyroscope Market - By Device
- Gyrocompass
- Inertial Measurement Unit
- Inertial Navigation System
- Attitude Heading Reference System
APAC Fiber Optic Gyroscope Market - By Application
- Remotely Operated Vehicle Guidance
- Aeronautics and Aviation
- Robotics
- Industrial
- Defense and Home
- Land Security
- Tactical Grade Applications
APAC Fiber Optic Gyroscope Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC fiber optic gyroscope market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC fiber optic gyroscope market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the fiber optic gyroscope market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Fiber Optic Gyroscope Market Landscape
5. APAC Fiber Optic Gyroscope -Market Dynamics
6. Fiber Optic Gyroscope Market -APAC Analysis
7. APAC Fiber Optic Gyroscope Market Analysis - by Sensing Axis
8. APAC Fiber Optic Gyroscope Market Analysis - by Device
9. APAC Fiber Optic Gyroscope Market Analysis -By Application
10. APAC Fiber Optic Gyroscope Market - Country Analysis
11. APAC Fiber Optic Gyroscope Market- COVID-19 Impact Analysis
12. Industry Landscape
13. Company Profile
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advanced Navigation
- Emcore Corporation
- Cielo Inertial Solution Ltd.
- Honeywell International Inc
- ixblue
- KVH Industries, Inc.
- NEDAERO
- Optolink RPC LLC
- Safran Colibrys SA
