Fiber optics or optical fiber is a thin, transparent flexible fiber of a glass or any solid material associated with the transmission of information. As fiber optics adhere property to carry comparatively much more information than conventional copper wire therefore long communicating lines are now fiber optic. Whereas gyroscope is a spinning disc or wheel in which spinning axis is free to any orientation, they are mostly used in inertial navigation systems. The market of fiber optics gyroscope is going to be ruled by Asia Pacific excluding Japan in the near future due to the rise in industrial areas in developing countries.
Fiber Optics Gyroscope Market: Market Dynamics and Restraints
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Although demand and necessity of fiber optics gyroscope in the market can be seen significantly, laborious, expensive and time taking manufacturing process is a major restraining factor that generates restriction in practicing fiber optics gyroscope, and this hinders its market growth to a certain extent.
The Global Fiber Optics Gyroscope market is segmented on sensing axis types, device types.
Based on the sensing axis type, fiber optics gyroscope market is segmented into:
- Single Axis
- Double Axis
- Triple Axis
Based on the device type, fiber optics gyroscope market is segmented into:
- Inertial Measurement Unit
- Inertial Navigation System
- Attitude Heading Reference System
Fiber Optics Gyroscope Market: Regional Outlook
Regarding geography, the global Fiber Optics Gyroscope market has been categorized into seven key regions including North and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The Fiber Optics Gyroscope market is globally expected to register healthy CAGR during the forecast period. Despite the soft economy, consumers of North America are buying automotive and healthy growth in elderly population encountered among the countries of North America that include the US and Canada, this trend makes North America leading region in Fiber Optics Gyroscope market.
Fiber Optics Gyroscope Market: Key players
Some of the key players of global Fiber Optics Gyroscope market include EMCORE Corporation, Al Cielo Inertial Solutions Ltd., Nedaero Components, and Colibrys Ltd. Other players are Northrop Grumman LITEF GmbH, iXBlue SAS, Fizoptika Corp., KVH Industries, Inc., Optolink LLC, Honeywell International, Inc.