Published by FACT MR
Posted on September 24, 2021
5 min readLast updated: February 2, 2026
Fiber optic gyroscopes are crucial in aerospace, with 1-axis systems leading sales. Asia Pacific presents major growth opportunities.
The global aerospace industry reached a value of around US$ 350 Bn in 2019. Increased demand for air travel, change in social behaviour, and low interest rates are major factors pushing growth of the aerospace and defence industry, globally, which, in turn, increases the requirement of fiber optic gyroscopes. Demand for fiber optic gyroscopes from sectors such as automotive, transportation & logistics, and robotics is also increasing across the globe. Anticipated shifts in commodity & resource costs is a major economic factor in this market, which is expected to have a vital impact on market growth.
At present, North America holds the largest revenue share in the global fiber optic gyroscope (FOG) industry, owing to the well-established aerospace and defence industry in the region since decades. Three of the top manufacturers of fiber optic gyroscopes, i.e. Honeywell International Inc., Emcore Corporation, and KVH Industries are headquartered in the U.S.
As per the revised report published by Fact.MR, the fiber optic gyroscope market is anticipated to exceed a valuation of US$ 920 Mn by 2021, and is expected to expand at a CAGR of around 6% over the forecast period of 2021 to 2031.
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Key Companies Profiled
Sensing Axis
Device
Vertical
Region
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“Manufacturers building fiber optic gyroscopes for specific applications are expected to witness increase in their shares than those companies offering generalised products,”says a Fact.MR analyst.
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Sales of inertial navigation systems are growing fast, as these systems are commercial off-the-shelf navigation and control solutions, finding application in many fields. To utilise the demand gap, key manufacturers of fiber optic gyroscopes are excessively spending on R&D to improve the functionality of their products.
Fact.MR, in its latest revised offering, presents an unbiased analysis of the global fiber optic gyroscope market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study reveals essential insights on the basis of sensing axis (1-axis, 2-axis, and 3-axis), device (gyrocompasses, inertial navigation systems, inertial measurement systems, and others), and vertical (aerospace & defence, automotive, robotics, mining, healthcare, transportation & logistics, and others), across six major regions of the world (North America, Europe, East Asia, South Asia & Oceania, Latin America, and the Middle East & Africa).
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The post 1-Axis Inertial Navigation Systems Account for 48% of Sales Over The Forecast Period : Check Latest Study By Fact.MR appeared first on The Cloud Tribune.
The article focuses on the sales and market growth of fiber optic gyroscopes in the aerospace industry.
North America currently holds the largest revenue share, with Asia Pacific offering significant growth opportunities.
They are primarily used in aerospace and defense, with growing applications in automotive and logistics.
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