The global fiber optic gyroscope market is estimated to grow at a CAGR of 8.4% from 2023 to 2033. The market is estimated at US$ 1.6 Billion in 2023. The market is projected to reach US$ 3.6 Billion by 2033.

Certain developing nations have hiked their defense spending. China and Japan are two emerging markets with considerable demand for fiber optics gyroscopes globally. Additional factors contributing to this development include a large citizen base, a spike in research and development efforts, fast industrialization, along with substantial investments in sensor optimization.

Because of the widespread implementation of fiber optic gyroscopes in military uses such as missile flight management, ground discovery, and flexible Global Positioning System (GPS) tracking, the defense industry persists to be one of the biggest end-users of fiber optic gyroscopes. This, utilized with increased defense expenditures in the United States and Europe, will push up demand for fibred optic gyroscopes.

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Key Takeaways from the Fiber Optic Gyroscope Market Report:

The fiber optic gyroscope market witnessed steady growth from 2018 to 2022, with a compound annual growth rate (CAGR) of 6.3%. Notably, the United States held a significant share, comprising 22.2% of the market by 2022. Looking ahead, both the United Kingdom and India are poised for substantial expansions, with projected CAGRs of 12.7% and 13.7%, respectively, over the forecast period. Within the market, the 1-axis segment stood out, expected to represent 42.3% of the market share in 2022. These key takeaways underscore the global momentum and regional dynamics shaping the fiber optic gyroscope industry.

Competitive Landscape:

In November 2022, Advanced Navigation launched its latest offering. The Boreas D70 digital fiber optic gyroscope is a momentum navigation apparatus used for investigating, tracking, and navigation in subsea, marine-based, land, and air purposes.

In January 2023, Silicon Valley startup Anello Photonics declared the release of the world’s earliest silicon photonics optical gyroscope, called “SIPHOG.” The system relies on a patented photonic integrated circuit (PIC) layout and is characterized as the ‘world’s smallest optical gyroscope for stable and precise navigation and presenting for autonomous applications.’

Leading Key Players:

The fiber optic gyroscope market boasts a diverse landscape with major players such as KVH Industries Inc., EMCORE Corporation, FIBERPRO, Inc., Saab, Honeywell, Tamagawa Seiki Co., Ltd., Optolink, NedAero Components B.V, iXblue, Fizoptika, Safran, Cielo Inertial Solutions, Ericco International, Fibernetics LLC, and Northrop Grumman Sperry Marine B.V. Each entity contributes unique expertise and innovations, driving advancements in this critical technology sector.

More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the fiber optic gyroscope market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights by Sensing Axis (1-Axis, 2-Axis, 3-Axis), Device (Fiber Optics Gyrocompass, Inertial Measurement Units (IMUs), Inertial Navigation Systems), Application (Aeronautics and Aviation, Robotics, Remotely Operated Vehicle Guidance, Military & Defense, Industrial) & Region.

Key Drivers and Market Trends

Several factors are driving the growth of the Fiber Optic Gyroscope Market. One primary driver is the increasing demand for inertial navigation systems (INS) in both manned and unmanned vehicles for navigation, guidance, and stabilization purposes. With advancements in autonomous technologies, the need for accurate and robust sensors like FOGs has escalated, fueling market expansion.

Moreover, ongoing developments in aerospace and defense sectors, including aircraft modernization programs and the proliferation of unmanned aerial vehicles (UAVs), are stimulating the adoption of FOGs. These gyroscopes offer crucial capabilities for precise attitude control, navigation, and targeting applications, thereby enhancing the operational efficiency and safety of airborne platforms.

Additionally, the growing emphasis on industrial automation and robotics is propelling the demand for FOG-based inertial measurement units (IMUs) in various manufacturing and logistics operations. The ability of FOGs to provide accurate motion sensing in harsh environments makes them indispensable for applications such as robotic arms, unmanned ground vehicles (UGVs), and autonomous machinery.