Honeywell International Inc. and KVH Industries, Inc. Are Dominating the Market for Global Fiber Optic Gyroscope Market In 2017

Global Fiber Optic Gyroscope Market is expected to reach 1,675.87 Million by 2025 from USD 1,318.56 Million in 2017, at a CAGR of 3.3% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. 1- Axis market with highest market share has the largest market segment in fiber optic gyroscope market.Global Fiber Optic Gyroscope Market

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The global fiber optic gyroscope market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Honeywell International Inc. dominates fiber optic gyroscope market, accounting for the highest market share in 2017, followed by KVH Industries, Inc. and EMCORE Corporation. Other players in this market include NEDAERO, Safran Colibrys SA, iXblue, Al Cielo Inertial Solutions Ltd., Northrop Grumman LITEF GmbH, Fizoptika Corporation and OPTOLINK LLC among others holds 21.4% of the global fiber optic gyroscope market in 2017.

Honeywell International Inc.:

Founded in 1906 and headquartered Indiana, U.S. Honeywell International Inc. is the global leading provider and manufacturer of technology worldwide. The company mainly operates in four segments namely aerospace, home and building technologies, performance materials and technologies, safety and productivity solutions. The company provides products and services to aerospace segment, home and building technologies segment, performance materials and technologies, and safety and productivity solutions that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

KVH Industries, Inc.:

Founded in 1982 and headquartered Middletown, U.S. KVH Industries, Inc. is the leading provider of high speed internet, television with the help of satellite to mobile users at sea and on land. The Company operates in two geographic segments, namely, mobile communications, navigation and guidance and stabilization equipment industry. The Company's TACNAV tactical navigation product line employs digital compass sensors and KVH FOGs to offer vehicle-based navigation and pointing systems with a range of capabilities, including GPS backup and enhancement, vehicle position, hull azimuth and navigation displays.

EMCORE Corporation:

Founded in 1984 and headquartered in Alhambra, California. EMCORE Corporation is the global leading provider of advanced Mixed-Signal Optics products that provides high-speed communication network infrastructures and leading-edge defense systems. It also offers broadband products that include cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.

Recent Developments:

  1. In June 2017 EMCORE launched EMCORE-Orion Series Fiber Optic Gyro-Based Micro Inertial Navigation System for Land, Sea, Air and Space Navigation.
  2. In July 2016, EMCORE awarded its largest contract to supply fiber optic gyroscopes for airborne navigation systems applications