DUBLIN–(BUSINESS WIRE)–The “Fiber Optics Gyroscope – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Fiber Optics Gyroscope Market to Reach $1.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Fiber Optics Gyroscope estimated at US$904.9 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027.
1-Axis, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach US$91.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 2-Axis segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $266.2 Million, While China is Forecast to Grow at 3.2% CAGR
The Fiber Optics Gyroscope market in the U.S. is estimated at US$266.2 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$204 Million by the year 2027 trailing a CAGR of 3.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
3-Axis Segment to Record 3.8% CAGR
In the global 3-Axis segment, USA,…
