The fiber optic gyroscope market was valued at US$ 926.82 million in 2019 and is projected to reach US$ 1,330.19 million by 2027; it is expected to grow at a CAGR of 4.8% during 2020–2027.
The benefits of fiber optic gyroscopes such as high rotational rate, no moving parts, and higher resolution over other alternatives, such as mechanical gyroscopes and ring laser gyroscope, are driving their adoption in the aerospace& defense, and industrial sectors. Further, the rising military expenditure worldwide owing to increasing geopolitical tension among major countries such as China, India, and Japan, coupled with surging use of these gyroscopes in remotely operated vehicles guidance applications,is further fuelling the fiber optic gyroscope market growth.
Impact of COVID-19 Pandemic on North America Fiber Optic Gyroscope Market
North America holds the largest share of the global fiber optic gyroscope market.A few of the countries in this region are known for high investments and expenditure on their respective military activities. Additionally, the presence of a few of the largest fiber optic gyroscope systems manufacturers, military equipment manufacturers, and aircraft manufactures in the region is contributing to the growth of this market. Further, the region is also characterized by favorable government policies to boost the military sector, presence of huge military base, and high adoption of advanced GPS systems in both military and civilian sectors, especially in developed countries such as the US and Canada.
Lucrative Regional Fiber Optic Gyroscope Market
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Market Insights–Fiber Optic Gyroscope Market
Growing Demand for Fiber Optic Gyroscopes across Various Industrial ApplicationsFuels Market Growth
Fiber optic gyroscopes were initially developed for military and defense applications; however, due to potential benefits of these gyroscopes over their mechanical counterparts, they are being widely adopted in commercial and industrial sectors worldwide. Automotive, medical, and robotics are a few of the key industries with rapidly increasing demand for fiber optic gyroscopes. The rising demand for technologically advanced solutions to increase operational efficiency in various industries and growing trend of industrial automation are further driving the demand for fiber optic gyroscopes. In majority of industrial applications such as factory transport systems, handling robots, and surveying equipment, gyroscopes are being used for accomplishing real-time stabilization and navigation. Continuous advancements in gyroscope technologies and performance enhancements in parameters such as angle random walk, bias offset error, bias instability, temperature sensitivity, and shock and vibration sensitivity are among the factors driving the adoption of fiber optic gyroscopes in diverse industrial and commercial applications.
Sensing Axis-Based Insights
On the basis of sensing axis, the fiber optic gyroscope market is segmented into 1-axis, 2-axis, and 3-axis. The 3-axis segment led the market in 2019, followed by 1-axis and 2-axis segments, respectively.
Fiber Optic Gyroscope Market, by Sensing Axis (% Share)
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Device-Based Insights
On the basis of device, the global fiber optic gyroscope market is segmented into the inertial navigation system, inertial measurement unit, gyrocompass, and attitude and heading reference system. The inertial navigation system segment led themarket in 2019.
Application- Based Insights
Based on application, the global fiber optic gyroscope market is segmented into remotely operated vehicle guidance, aeronautics and aviation, robotics, industrial, defense and homeland security, and tactical grade application. The defense and homeland security application led the fiber optic gyroscope market in 2019.
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Fiber Optic Gyroscope Market: Strategic Insights
Market Size Value in US$ 926.82 Million in 2019 Market Size Value by US$ 1,330.19 Million by 2027 Growth rate CAGR of 4.8% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Fiber Optic Gyroscope Market: Strategic Insights
| Market Size Value in | US$ 926.82 Million in 2019 |
| Market Size Value by | US$ 1,330.19 Million by 2027 |
| Growth rate | CAGR of 4.8% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The fiber optic gyroscope market players are mainly focusing on the development of advanced and efficient products.
- In 2020, Apollo Micro Systems signed MoU with Cielo Inertial Solutions Ltd which discovered the potential of integrating their respective capabilities in order to promote and pursue opportunities for the marketing sale and production of IMUs.
- In 2020, Advanced Navigation raised US$13 million in a Series A funding round. The round was led by CSIRO Innovation Fund, along with Brick & Mortar Ventures and In-Q-Tel.
The global fiber optic gyroscope market has been segmented as follows:
Fiber Optic Gyroscope Market – by Sensing Axis
- 1-Axis
- 2-Axis
- 3-Axis
Fiber Optic Gyroscope Market – by Device
- Gyrocompass
- Inertial Measurement Unit
- Inertial Navigation System
- Attitude Heading Reference System
Fiber Optic Gyroscope Market – by Application
- Remotely Operated Vehicle Guidance
- Aeronautics and Aviation
- Robotics
- Industrial
- Defense and Homeland Security
- Tactical Grade Applications
Fiber Optic Gyroscope Market –by Region
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Fiber Optic Gyroscope Market –CompanyProfiles
- Advanced Navigation
- Cielo inertial Solutions Ltd.
- iXblue
- EMCORE Corporation
- FIZOPTIKA
- Honeywell International Inc.
- KVH Industries, Inc.
- NEDAERO
- Optolink
- Safran S.A
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Sensing Axis ; Device ; Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The fiber optic gyroscope market is led by North America in 2019, followed by Europe and the APAC region. The growth of the market is mainly driven by the presence of leading market players in the region, such as Honeywell International Inc., EMCORE Corporation, and KVH Industries, Inc. among others. In addition to this, the high expenditure to strengthen military strength especially in the US, high adoption of advanced navigation and measurement systems, and presence of large aircraft and remotely operated vehicle manufacturers are some of the key driving factors that are fueling the adoption of fiber optic gyroscopes in the North America region.
The rising defense expenditure levels across countries and growing aviation industry is anticipated to drive the adoption of fiber optics gyroscopes across the globe.The fiber optic gyroscopes are being widely used in global aerospace and defense industry for diverse applications including navigation systems, inertial measuring units, gun stabilization, attitude heading reference system, sight stabilization, missile stabilization, gyrocompass, camera stabilization, and antenna stabilization among many others.
Remotely operated vehicle (ROV) guidance is one of the key application areas of fiber optic gyroscope market and it is projected to be the fastest growing application over the forecast period of 2020 to 2027. The growing adoption of ROVs such as unmanned underwater vehicle, unmanned aerial vehicle, and unmanned ground vehicle across industries like oil & gas, energy & power, automotive, defense, and manufacturing is anticipated to drive the future adoption of fiber optic gyroscopes in these industries.
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Fiber Optic Gyroscope Market – By Sensing Axis
1.3.2 Global Fiber Optic Gyroscope Market – By Device
1.3.3 Global Fiber Optic Gyroscope Market – By Application
1.3.4 Global Fiber Optic Gyroscope Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Fiber Optic Gyroscope Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Fiber Optic Gyroscope –Market Dynamics
5.1 Market Drivers
5.1.1 Rising Defense Expenditure and Aviation Industry Growth Worldwide
5.1.2 Growing Demand of Fiber Optic Gyroscopes Across Various Industrial Applications
5.2 Market Restraints
5.2.1 Availability of Alternative Solutions
5.3 Market Opportunities
5.3.1 High Demand Opportunities in Developing Regions
5.4 Future Trends
5.4.1 Increasing Adoption in Remotely Operated Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Optic Gyroscope Market – Global Analysis
6.1 Global Fiber Optic Gyroscope Market Overview
6.2 Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Fiber Optic Gyroscope Market Analysis – By Sensing Axis
7.1 Overview
7.2 Fiber Optic Gyroscope Market, By Sensing Axis (2019 and 2027)
7.3 1-Axis
7.3.1 Overview
7.3.2 1-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
7.4 2-Axis
7.4.1 Overview
7.4.2 2-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
7.5 3-Axis
7.5.1 Overview
7.5.2 3-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
8. Fiber Optic Gyroscope Market Analysis – By Device
8.1 Overview
8.2 Fiber Optic Gyroscope Market, By Device (2019 and 2027)
8.3 Gyrocompass
8.3.1 Overview
8.3.2 Gyrocompass: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Inertial Measurement Unit
8.4.1 Overview
8.4.2 Inertial Measurement Unit: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Inertial Navigation System
8.5.1 Overview
8.5.2 Inertial Navigation System: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Attitude Heading Reference System
8.6.1 Overview
8.6.2 Attitude Heading Reference System: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
9. Fiber Optic Gyroscope Market Analysis –By Application
9.1 Overview
9.2 Fiber Optic Gyroscope Market, By Application (2019 and 2027)
9.3 Remotely Operated Vehicle Guidance
9.3.1 Overview
9.3.2 Remotely Operated Vehicle Guidance: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Aeronautics and Aviation
9.4.1 Overview
9.4.2 Aeronautics and Aviation: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Robotics
9.5.1 Overview
9.5.2 Robotics: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Defense and Homeland Security
9.7.1 Overview
9.7.2 Defense and Homeland Security: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Tactical Grade Applications
9.8.1 Overview
9.8.2 Tactical Grade Applications: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10. Fiber Optic Gyroscope Market – Geographic Analysis
10.1 Overview
10.2 North America: Fiber Optic Gyroscope Market
10.2.1 North America: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Fiber Optic Gyroscope Market, by Sensing Axis
10.2.3 North America: Fiber Optic Gyroscope Market, by Device
10.2.4 North America: Fiber Optic Gyroscope Market, by Application
10.2.5 North America: Fiber Optic Gyroscope Market, by Key Country
10.2.5.1 US: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Fiber Optic Gyroscope Market, by Sensing Axis
10.2.5.1.2 US: Fiber Optic Gyroscope Market, by Device
10.2.5.1.3 US: Fiber Optic Gyroscope Market, by Application
10.2.5.2 Canada: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Fiber Optic Gyroscope Market, by Sensing Axis
10.2.5.2.2 Canada: Fiber Optic Gyroscope Market, by Device
10.2.5.2.3 Canada: Fiber Optic Gyroscope Market, by Application
10.2.5.3 Mexico: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Fiber Optic Gyroscope Market, by Sensing Axis
10.2.5.3.2 Mexico: Fiber Optic Gyroscope Market, by Device
10.2.5.3.3 Mexico: Fiber Optic Gyroscope Market, by Application
10.3 Europe: Fiber Optic Gyroscope Market
10.3.1 Europe: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Fiber Optic Gyroscope Market, by Sensing Axis
10.3.3 Europe: Fiber Optic Gyroscope Market, by Device
10.3.4 Europe: Fiber Optic Gyroscope Market, by Application
10.3.5 Europe: Fiber Optic Gyroscope Market, by Key Country
10.3.5.1 Germany: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Fiber Optic Gyroscope Market, by Sensing Axis
10.3.5.1.2 Germany: Fiber Optic Gyroscope Market, by Device
10.3.5.1.3 Germany: Fiber Optic Gyroscope Market, by Application
10.3.5.2 France: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Fiber Optic Gyroscope Market, by Sensing Axis
10.3.5.2.2 France: Fiber Optic Gyroscope Market, by Device
10.3.5.2.3 France: Fiber Optic Gyroscope Market, by Application
10.3.5.3 Italy: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 Italy: Fiber Optic Gyroscope Market, by Sensing Axis
10.3.5.3.2 Italy: Fiber Optic Gyroscope Market, by Device
10.3.5.3.3 Italy: Fiber Optic Gyroscope Market, by Application
10.3.5.4 UK: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 UK: Fiber Optic Gyroscope Market, by Sensing Axis
10.3.5.4.2 UK: Fiber Optic Gyroscope Market, by Device
10.3.5.4.3 UK: Fiber Optic Gyroscope Market, by Application
10.3.5.5 Russia: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Russia: Fiber Optic Gyroscope Market, by Sensing Axis
10.3.5.5.2 Russia: Fiber Optic Gyroscope Market, by Device
10.3.5.5.3 Russia: Fiber Optic Gyroscope Market, by Application
10.3.5.6 Rest of Europe: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Fiber Optic Gyroscope Market, by Sensing Axis
10.3.5.6.2 Rest of Europe: Fiber Optic Gyroscope Market, by Device
10.3.5.6.3 Rest of Europe: Fiber Optic Gyroscope Market, by Application
10.4 APAC: Fiber Optic Gyroscope Market
10.4.1 APAC: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Fiber Optic Gyroscope Market, by Sensing Axis
10.4.3 APAC: Fiber Optic Gyroscope Market, by Device
10.4.4 APAC: Fiber Optic Gyroscope Market, by Application
10.4.5 APAC: Fiber Optic Gyroscope Market, by Key Country
10.4.5.1 Australia: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.1 Australia: Fiber Optic Gyroscope Market, by Sensing Axis
10.4.5.1.2 Australia: Fiber Optic Gyroscope Market, by Device
10.4.5.1.3 Australia: Fiber Optic Gyroscope Market, by Application
10.4.5.2 China: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.1 China: Fiber Optic Gyroscope Market, by Sensing Axis
10.4.5.2.2 China: Fiber Optic Gyroscope Market, by Device
10.4.5.2.3 China: Fiber Optic Gyroscope Market, by Application
10.4.5.3 India: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 India: Fiber Optic Gyroscope Market, by Sensing Axis
10.4.5.3.2 India: Fiber Optic Gyroscope Market, by Device
10.4.5.3.3 India: Fiber Optic Gyroscope Market, by Application
10.4.5.4 Japan: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 Japan: Fiber Optic Gyroscope Market, by Sensing Axis
10.4.5.4.2 Japan: Fiber Optic Gyroscope Market, by Device
10.4.5.4.3 Japan: Fiber Optic Gyroscope Market, by Application
10.4.5.5 South Korea: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 South Korea: Fiber Optic Gyroscope Market, by Sensing Axis
10.4.5.5.2 South Korea: Fiber Optic Gyroscope Market, by Device
10.4.5.5.3 South Korea: Fiber Optic Gyroscope Market, by Application
10.4.5.6 Rest of APAC: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of APAC: Fiber Optic Gyroscope Market, by Sensing Axis
10.4.5.6.2 Rest of APAC: Fiber Optic Gyroscope Market, by Device
10.4.5.6.3 Rest of APAC: Fiber Optic Gyroscope Market, by Application
10.5 MEA: Fiber Optic Gyroscope Market
10.5.1 MEA: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.5.2 MEA: Fiber Optic Gyroscope Market, by Sensing Axis
10.5.3 MEA: Fiber Optic Gyroscope Market, by Device
10.5.4 MEA: Fiber Optic Gyroscope Market, by Application
10.5.5 MEA: Fiber Optic Gyroscope Market, by Key Country
10.5.5.1 South Africa: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 South Africa: Fiber Optic Gyroscope Market, by Sensing Axis
10.5.5.1.2 South Africa: Fiber Optic Gyroscope Market, by Device
10.5.5.1.3 South Africa: Fiber Optic Gyroscope Market, by Application
10.5.5.2 Saudi Arabia: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 Saudi Arabia: Fiber Optic Gyroscope Market, by Sensing Axis
10.5.5.2.2 Saudi Arabia: Fiber Optic Gyroscope Market, by Device
10.5.5.2.3 Saudi Arabia: Fiber Optic Gyroscope Market, by Application
10.5.5.3 UAE: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.3.1 UAE: Fiber Optic Gyroscope Market, by Sensing Axis
10.5.5.3.2 UAE: Fiber Optic Gyroscope Market, by Device
10.5.5.3.3 UAE: Fiber Optic Gyroscope Market, by Application
10.5.5.4 Rest of MEA: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of MEA: Fiber Optic Gyroscope Market, by Sensing Axis
10.5.5.4.2 Rest of MEA: Fiber Optic Gyroscope Market, by Device
10.5.5.4.3 Rest of MEA: Fiber Optic Gyroscope Market, by Application
10.6 SAM: Fiber Optic Gyroscope Market
10.6.1 SAM: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.6.2 SAM: Fiber Optic Gyroscope Market, by Sensing Axis
10.6.3 SAM: Fiber Optic Gyroscope Market, by Device
10.6.4 SAM: Fiber Optic Gyroscope Market, by Application
10.6.5 SAM: Fiber Optic Gyroscope Market, by Key Country
10.6.5.1 Brazil: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Fiber Optic Gyroscope Market, by Sensing Axis
10.6.5.1.2 Brazil: Fiber Optic Gyroscope Market, by Device
10.6.5.1.3 Brazil: Fiber Optic Gyroscope Market, by Application
10.6.5.2 Argentina: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.2.1 Argentina: Fiber Optic Gyroscope Market, by Sensing Axis
10.6.5.2.2 Argentina: Fiber Optic Gyroscope Market, by Device
10.6.5.2.3 Argentina: Fiber Optic Gyroscope Market, by Application
10.6.5.3 Rest of SAM: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.3.1 Rest of SAM: Fiber Optic Gyroscope Market, by Sensing Axis
10.6.5.3.2 Rest of SAM: Fiber Optic Gyroscope Market, by Device
10.6.5.3.3 Rest of SAM: Fiber Optic Gyroscope Market, by Application
11. Fiber Optic Gyroscope Market- COVID-19 Impact Analysis
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 MEA
11.5 South America
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profile
13.1 Advanced Navigation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cielo inertial Solutions Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 iXblue
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 EMCORE Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 FIZOPTIKA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Honeywell International Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 KVH Industries, Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 NEDAERO
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Optolink
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Safran S.A
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. North America Fiber Optic Gyroscope Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 6. US: Fiber Optic Gyroscope Market, by Sensing Axis –Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Fiber Optic Gyroscope Market, by Device –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Fiber Optic Gyroscope Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 14. Mexico: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 15. Europe: Fiber Optic Gyroscope Market, by Sensing Axis– Revenue and Forecast to 2027 (US$ Million)
Table 16. Europe: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 17. Europe: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. Europe Fiber Optic Gyroscope Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 19. Germany: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 20. Germany: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 21. Germany: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 22. France: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 23. France: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 24. France: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 25. Italy: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 26. Italy: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 27. Italy: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 28. UK: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 29. UK: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 30. UK: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 31. Russia: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 32. Russia: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 33. Russia: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 34. Rest of Europe: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 35. Rest of Europe: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of Europe: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 37. APAC: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 38. APAC: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 39. APAC: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 40. APAC Fiber Optic Gyroscope Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 41. Australia: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 42. Australia: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 43. Australia: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 44. China: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 45. China: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 46. China: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 47. India: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 48. India: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 49. India: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 50. Japan: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 51. Japan: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 52. Japan: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 53. South Korea: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 54. South Korea: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 55. South Korea: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 56. Rest of APAC: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 57. Rest of APAC: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 58. Rest of APAC: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 59. MEA: Fiber Optic Gyroscope Market, by Sensing Axis– Revenue and Forecast to 2027 (US$ Million)
Table 60. MEA: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 61. MEA: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 62. MEA Fiber Optic Gyroscope Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 63. South Africa: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 64. South Africa: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 65. South Africa: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 66. Saudi Arabia: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 67. Saudi Arabia: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 68. Saudi Arabia: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 69. UAE: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 70. UAE: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 71. UAE: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 72. Rest of MEA: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 73. Rest of MEA: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 74. Rest of MEA: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 75. SAM: Fiber Optic Gyroscope Market, by Sensing Axis– Revenue and Forecast to 2027 (US$ Million)
Table 76. SAM: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 77. SAM: Fiber Optic Gyroscope Market, by Application– Revenue and Forecast to 2027 (US$ Million)
Table 78. SAM Fiber Optic Gyroscope Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 79. Brazil: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 80. Brazil: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 81. Brazil: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 82. Argentina: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 83. Argentina: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 84. Argentina: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 85. Rest of SAM: Fiber Optic Gyroscope Market, by Sensing Axis – Revenue and Forecast to 2027 (US$ Million)
Table 86. Rest of SAM: Fiber Optic Gyroscope Market, by Device – Revenue and Forecast to 2027 (US$ Million)
Table 87. Rest of SAM: Fiber Optic Gyroscope Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 88. Glossary of Term: Fiber Optic Gyroscope Market
LIST OF FIGURES
Figure 1. Fiber Optic Gyroscope Market Segmentation
Figure 2. Fiber Optic Gyroscope Market Segmentation – By Region
Figure 3. Global Fiber Optic Gyroscope Market Overview
Figure 4. 3-Axis Sensing Axis Segment held the Largest Share
Figure 5. Inertial Navigation System Device Segment held the Largest Share
Figure 6. Defense and Homeland Security Application Segment held the Largest Share of Fiber Optic Gyroscope Market
Figure 7. APAC to Show Great Traction During Forecast Period
Figure 8. North America – PEST Analysis
Figure 9. Europe- PEST Analysis
Figure 10. Asia-Pacific- PEST Analysis
Figure 11. Middle East and Africa- PEST Analysis
Figure 12. South America- PEST Analysis
Figure 13. Expert Opinion
Figure 14. Fiber Optic Gyroscope Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Fiber Optic Gyroscope Market
Figure 16. Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Fiber Optic Gyroscope Market Revenue Share, by Sensing Axis (2019 and 2027)
Figure 18. 1-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. 2-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. 3-Axis: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Fiber Optic Gyroscope Market Revenue Share, by Device (2019 and 2027)
Figure 22. Gyrocompass: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Inertial Measurement Unit: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Inertial Navigation System: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Attitude Heading Reference System: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Fiber Optic Gyroscope Market Revenue Share, by Application (2019 and 2027)
Figure 27. Remotely Operated Vehicle Guidance: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Aeronautics and Aviation: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Robotics: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Industrial: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Defense and Homeland Security: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Tactical Grade Applications: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Global Fiber Optic Gyroscope Market Revenue Share, by Region (2019 and 2027)
Figure 34. North America: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. North America: Fiber Optic Gyroscope Market Revenue Share, by Sensing Axis (2019 and 2027)
Figure 36. North America: Fiber Optic Gyroscope Market Revenue Share, by Device (2019 and 2027)
Figure 37. North America: Fiber Optic Gyroscope Market Revenue Share, by Application (2019 and 2027)
Figure 38. North America: Fiber Optic Gyroscope Market Revenue Share, by Key Country (2019 and 2027)
Figure 39. US: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Canada: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Mexico: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. Europe: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Europe: Fiber Optic Gyroscope Market Revenue Share, by Sensing Axis (2019 and 2027)
Figure 44. Europe: Fiber Optic Gyroscope Market Revenue Share, by Device (2019 and 2027)
Figure 45. Europe: Fiber Optic Gyroscope Market Revenue Share, by Application (2018 and 2027)
Figure 46. Europe: Fiber Optic Gyroscope Market Revenue Share, by Key Country (2019 and 2027)
Figure 47. Germany: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. France: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. Italy: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. UK: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. Russia: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. Rest of Europe: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. APAC: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. APAC: Fiber Optic Gyroscope Market Revenue Share, by Sensing Axis (2019 and 2027)
Figure 55. APAC: Fiber Optic Gyroscope Market Revenue Share, by Device (2019 and 2027)
Figure 56. APAC: Fiber Optic Gyroscope Market Revenue Share, by Application (2018 and 2027)
Figure 57. APAC: Fiber Optic Gyroscope Market Revenue Share, by Key Country (2019 and 2027)
Figure 58. Australia: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. China: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. India: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. Japan: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. South Korea: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. Rest of APAC: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. MEA: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. MEA: Fiber Optic Gyroscope Market Revenue Share, by Sensing Axis (2019 and 2027)
Figure 66. MEA: Fiber Optic Gyroscope Market Revenue Share, by Device (2019 and 2027)
Figure 67. MEA: Fiber Optic Gyroscope Market Revenue Share, by Application (2018 and 2027)
Figure 68. MEA: Fiber Optic Gyroscope Market Revenue Share, by Key Country (2019 and 2027)
Figure 69. South Africa: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. Saudi Arabia: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 71. UAE: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 72. Rest of MEA: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 73. SAM: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. SAM: Fiber Optic Gyroscope Market Revenue Share, by Sensing Axis (2019 and 2027)
Figure 75. SAM: Fiber Optic Gyroscope Market Revenue Share, by Device (2019 and 2027)
Figure 76. SAM: Fiber Optic Gyroscope Market Revenue Share, by Application (2018 and 2027)
Figure 77. SAM: Fiber Optic Gyroscope Market Revenue Share, by Key Country (2019 and 2027)
Figure 78. Brazil: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 79. Argentina: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 80. Rest of SAM: Fiber Optic Gyroscope Market – Revenue and Forecast to 2027 (US$ Million)
Figure 81. Impact of COVID-19 Pandemic in North American Markets
Figure 82. Impact of COVID-19 Pandemic in European Markets
Figure 83. Impact of COVID-19 Pandemic in APAC Markets
Figure 84. Impact of COVID-19 Pandemic in MEA Markets
Figure 85. Impact of COVID-19 Pandemic in South American Markets
The List of Companies - Fiber Optic Gyroscope Market
- Advanced Navigation
- Cielo inertial Solutions Ltd.
- iXblue
- EMCORE Corporation
- FIZOPTIKA
- Honeywell International Inc.
- KVH Industries, Inc.
- NEDAERO
- Optolink
- Safran S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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