Fiber Optic Gyroscope Market Insights and depth Analysis to 2028

Tier-1 Companies Account for Over 50% Market Revenue Share

Majority share of the fiber optic gyroscope market, over 50%, will remain collectively hinged by Tier 1 companies, while Tier 2 and Tier 3 companies witness challenges apropos of capital investment for scaling up their business in the fiber optic gyroscope market. Nature of the fiber optic gyroscope market continues to remain moderately concentrated, and characterized by oligopolistic competition. The need for high initial investment remains a major barrier to entry in the fiber optic gyroscope market, which underpins consolidation of the market among few leading players.

Tier 1 market players will continue to witness promising growth prospects, with their patented fiber optic gyroscope technologies, which help them to introduce advanced fiber optic gyroscopes that feature improved functionality, reliability and durability. Extensive adoption of fiber optic gyroscope in complex application entails demand for high-end product offerings from end-users, which further implies products of Tier 1 players with technological and capital vigor to remain sought-after.

Fiber Optic Gyroscope Sales to Ride Coattails of Ballooning Defense Budgets Worldwide

The European Commission allocated over €90 million for the European Defense Fund from the EU budget for 2017-19, which increased up to €13 billion for the span of 2021-2027. Likewise for the U.S., the budget for defense increased from around US$ 606 billion in 2017 to US$ 639.1 billion in a year, and the President’s FY2019 budget request for national defense includes nearly US$ 726 billion. Widespread use of fiber optic gyroscopes in military applications, such as missiles flight control, ground detection, and dynamic Global Positioning System (GPS) tracking, has made defense industry to remain one of the biggest end-user of fiber optic gyroscope. This coupled with surging investments in the defense sector, as that in the U.S. and Europe, will continue to proliferate demand for fiber optic gyroscope.

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Miniaturization – An Ongoing Trend in the Fiber Optic Gyroscope Development

Miniaturized fiber optic gyroscopes offer highly effective integration in high-end industrial applications. Key industry experts apropos of fiber optic gyroscope are adopting innovative technologies to leverage the structural advantages associated with the compactness and size of fiber optic gyroscopes. Research efforts, such as those by researchers from Micro-Satellite Research Center, School of Aeronautics and Astronautics, Zhejiang University, focused toward discovering novel methods for designing miniaturized fiber optic gyroscopes with greater efficiency, to offset functionality related challenges linked with reducing size of these gyroscopes, are primary examples of such innovative developmental activities.

Relative Intensity Noise Remains a Key Challenge in Use of Fiber Optic Gyroscopes

Higher decibels of measurement noise associated with fiber optic gyroscopes continue to remain a key confinement to their efficiency in high-end applications. Fiber optic gyroscopes, commonly used in inertial guidance systems, are associated with high relative intensity noise (RIN), and exhibit poor operational efficiency, thereby impeding their penetration into the marketplace.. As the noise level has become one of the most important performance parameter of fiber optic gyroscopes for end-users, it is forcing manufacturers to include high-cost noise reduction systems for eliminating noise from various sources in fiber optic gyroscopes. Use of fiber ring resonator (FRR) to reduce relative intensity noise is one such advancement in the fiber optic cable market.

Fiber Optic Gyroscope - Most-Trusted, Non-Mechanical Performance Booster in Modern Inertial Navigation Systems

Growth prospects of the fiber optic gyroscope market witness a significant impact of advanced operational features, such as vibration resistance, flexibility, and shock resistance, and robustness of fiber optic gyroscopes when they are employed in inertial navigation systems. As fiber optic gyroscopes minus the mechanical components of traditional gyroscopes, it enables end-users to enhance the performance characteristics of fiber optic gyroscope-based inertial navigation systems.

Fiber optic gyroscope-based inertial navigation systems exhibit high output rate and attains high accuracy at measuring angular velocity of multiple objects in a vast range of angles. This entails the rapidly-growing adoption of inertial navigation systems in unmanned military vehicles and airborne surveillance systems, ultimately triggering demand for fiber optic gyroscopes in the aerospace & defense industry.

Competitive Landscape

The Fact.MR report presents comprehensive information about the latest developments in the fiber optic gyroscope market. Readers can find segment in the report with detailed information about the leading players in the fiber optic gyroscope market, which includes detailed profile of the company, important financial information, regional penetration of the company, and the latest company developments.

New entrants in the fiber optic gyroscope market to track developments in critical strategies of market leaders and their competitors while modifying their business strategies accordingly and gain an edge in the fiber optic gyroscope market in coming years. Some of the companies profiled in the Fact.MR report are Emcore Corporation, Honeywell International, Inc., KVH Industries, Inc., Northrop Grumman Litef GmbH, Nedaero Components, Ixblue SAS, Fizoptika Corp., Optolink LLC, and AL Cielo Inertial Solutions Ltd.

EMCORE Corporation introduced its EN-150 Inertial Measurement/Navigation Unit, which is highly suitable for dismounted soldiers and weaponry, platform stabilization, and unmanned aerial vehicles where is GPS is not available. It replaces Ring Laser Inertial Measurement Units (IMU) with smaller size and high performance fiber optic gyroscope-based inertial measurement units and expands its current product portfolio.

Another player in the fiber optic gyroscope market, KVH Industries, Inc. recently launched its new fiber optic gyroscope-based IMU with 25g accelerometer. The new IMU is designed for dynamic applications with high levels of shock, vibration, and acceleration. Furthermore, the company collaborated with VectorNav Technologies LLC, a provider of embedded navigation solution, to combine the reliability and precision KVH’s fiber optic gyroscope-based IMU with high-performance navigation systems by VectorNav to capitalize on a wide range of its industrial applications.

The fiber optic gyroscope market is expected to witness the trend of a majority of market players, such as Honeywell International, Inc., Nedaero Components, Northrop Grumman Litef GmbH, and Optolink LLC, focusing on supplying fiber optic gyroscopes that are suitable for the aerospace and defense industry. Growth dynamics of the aerospace and defense industry are likely to make a significant impact on the manufacturing strategies of market players and competitive environment in the fiber optic gyroscope market in the upcoming years.

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Automated Storage and Retrieval Systems Market to Create New Opportunities Till 2028

Sensing the rising awareness among industrial end-users about the extraordinary benefits of employing warehouse automation technologies, the Fact.MR report opines that the automated storage and retrieval systems market will witness excellent growth during the forecast period.

Warehousing industry has increased by leaps and bounds over the past few years, and it has introduced the trend of warehouse automation, which entails automating a variety of warehousing automations, including storage and replenishment of loads. According to the report, companies with manufacturing or distribution operations are reaping the benefits of incorporating warehouse automation solutions, such as automated storage and retrieval systems, to maximize their storage capacities and shipping efficiencies.

Stakeholders in the automated storage and retrieval systems market are also aiming to meet the end-users’ requirements to operate at maximum operational efficiencies by introducing leading-edge automated storage and retrieval systems. Growing need for enhancing the workflow of warehouse operations is mainly triggering the adoption of warehouse automation, which is contributing greatly to the rapid expansion of the automated storage and retrieval systems market.

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“Automated storage and retrieval systems market is mainly driven by the digitization of warehousing and intralogistics operations. Leading manufacturing companies are investing in automating their storage facilities with the help of next-generation automated storage and retrieval systems,” says lead analyst at Fact.MR.

The Fact.MR report projects that the retail & e-commerce sector will account for the largest share in the automated storage and retrieval systems market by the end of the forecast period. According to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), e-commerce in Asia Pacific is expected to grow 37% annually through 2020, making it world’s largest marketplace for e-commerce companies. Increasing growth of the e-commerce sector is resulting in factories fostering supply chain digitalization by adopting new technological solutions such as automated storage and retrieval systems. An increasing number of e-commerce companies in the Asia-Pacific region is boosting logistics infrastructure development in the region, which is likely to make Asia Pacific the most lucrative region for automated storage and retrieval system vendors.

Leading vendors in the automated storage and retrieval systems market are leveraging technological advancements to further enhance the asset management operations for the warehousing industry. The automated storage and retrieval systems market is undergoing radical changes with market players, such as Dematic Corporation and Honeywell Intelligrated, introducing software platforms to maximize uptime and operational performance of automated storage and retrieval systems with intelligent features.

Market players are also adopting advanced technologies, such as cloud computing and augmented reality technology, to enhance the efficiency of automated storage and retrieval systems with real-time visibility to assets. The Fact.MR report forecasts technological advancements to encourage automated storage and retrieval system vendors to bring in innovation and custom-engineered solutions in the automated storage and retrieval systems market in the upcoming years

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Data Protection Software Market Insights by Size, Status and Forecast 2028

The data protection software market continues to observe bullish prospects, with a revenue increase estimated at over US$ 750 Mn in 2018 over 2017, according to a recent Fact.MR study. The report envisages solutions to remain sought-after in the data protection and software market, while revenues from services are foreseen to outpace those from solutions through 2028. 

Managed services have traditionally reigned supreme in the data protection software market, meanwhile professional services have rapidly gained ground recently. Fact.MR’s study envisages professional services to pose a close competition to managed services in terms of revenue share, with the difference in 2018 estimated at just 1%. Demand for managed services continues to remain at an all-time-high, with new providers emerging in the market as SMEs outsource their IT requirements to free up internal resources for focusing on critical activities. However, professional services are now attracting established organizations and SMEs alike, owing to their proactivity in identifying sensitive data and assessing the same. Professional data protection services further aid in demonstrating compliance for data processing to maintain security, meanwhile facilitating establishment and maintaining of data inventory. 

Sensing varied requirements from end-use verticals, data protection software developers have introduced diverse solutions to the market, ranging from data backup & recovery to data compliance. While data backup & recovery and disaster recovery have traditionally subjugated revenue share of worldwide data protection software solution sales, growth of data security and data compliance has witnessed rapid rise recently, and the status quo is expected to prevail in the forthcoming years. 

“Several business are relying on the in-house cybersecurity professionals, while seeking the same by outsourcing to IT firms. The rate at which the cybercriminals are breaching the security systems is met by rising number of perks businesses, who are willing to spend more to acquire tech minds. Most of the compliance initiatives are undergird by national legislations, rooted in security concerns that revolve around solutions and services of data protection software. However, enterprises are focusing on the management, governing and ensuring compliance to overwhelm the amount of data being produced, particular in the face of worldwide legislations such as GDPR, instead of national regulations,” says a lead analyst at Fact.MR. 

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Revenues from sales of data protection software to SMEs have gained a significant uptick recently, as small business owners hold the risk of costly repercussions if data protection compliance is ignored. A CAGR of 14.1% has been foreseen for revenues from data protection software sales in SMEs through 2028. However, revenue share of large enterprises in the data protection software market continues to remain comparatively higher over the period of forecast. Business that manage the time for complying with regulations apropos of the data protection are expected to witness a robust and reliable establishment of contractual relationships, compliance processes, information security and data management. 

Cloud-based deployment of data protection software is estimated to speed up, to account for nearly-equal revenue share of the data protection software market as that of on-premise deployment, despite latter’s supremacy. Cloud-based deployment of the data protection software, as the technology aids in ensuring data protection practices compliant with regulations. However, security issues continue to prevail in case of cloud-based data protection software deployments, which in turn underpins the preeminence of on-premise deployment. 

Key vendors in the data protection software market are focusing on global expansion, by installing new facilities or entering into partnership with software distributors or vendors. The primary objective behind such expansion strategies is to strengthen their support services associated with advanced data security solutions. Leading data protection software market vendors are also concentrating on application-specific advanced data protection suite offerings, to prevent data theft and data loss, thereby gaining customer loyalty and enhancing their business profiles

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Marketing Resource Management Market to Witness Excellent Long-Term Growth by 2028

The study foresees the marketing resource management market to continue on its upward trajectory at an impressive CAGR of nearly 10% over the forecast period, 2018 to 2028. Marketing resource management (MRM) solutions are becoming more of a necessity from being beneficial-to-have assets, with MRM vendors concentrating on the integration of analytics into their offerings. Additionally, marketing resource management is likely to play a pivotal role in the automation of personalized content creation, thereby aiding marketers in time-effective creation of consistent content.

In response to changing requirements, companies have introduced various application-specific marketing resource management solutions, ranging from capacity planning management and MRA to BAM and creative production management. The report opines that MRA will continue to account for leading revenue share of the marketing resource management market, while creative production management is envisaged to record a relatively faster growth through 2028. Over 50% revenues of the marketing resource management market are estimated to be accounted by MRA and creative production management solutions by 2028-end.

“Individualized messages and offers are becoming more efficacious than mass messages in the marketing landscape. Customer discrepancies apropos of online website content are being offset by marketing solutions providers who aim at tailormade experience provisions related to past behaviors & preferences of their customers. Demand for marketing resource management solutions will ride the coattails of shifting focus of companies toward delivering customized, exceptional, and consistent branded experiences, with branding gradually replacing marketing across all channels,” says a lead analyst at Fact.MR.

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New categories of marketing resource management technologies are imminent as marketing resources will soon witness integration of connected technologies, IoT, and big data sets. Recent rapid rise in the martech industry has resulted in an influx of new vendors in the marketing resource management market, implying specialized and refined development of solutions to manage assets, work, and performance. Companies in the marketing resource management market who adopt specialized applications are likely to get to the forefront, while diving in changing dynamics of the marketing resource management market. Marketing resource management will continue to gain ground, enabling enterprise brands in unlocking better stakeholder satisfaction, while providing superior marketing results.

Surging demand for control of digital assets, along with higher return on investments (ROI), continue to remain key growth determinants for the marketing resource management market in the long run. Provision of real-time and consistent intelligence, which entails improved productivity of IT resources, in combination with effective diagnostic approach of marketing resource management solutions will further fuel their demand in among enterprises.

In the throes of the modern marketing transformations, B2C marketers are rethinking the role of marketing resource management, with a tranche of new user-friendly tools substituting legacy MRM solutions with agile alternatives. Current marketing resource management market is highly fragmented in nature, with several vendors offering overlapping functionality. B2C marketers are steadily ditching legacy platforms with new tools that offer an easy-to-use, modular, approach to certain MRH use cases. Challenges in navigating through jam-packed space of overlapping vendor capabilities for selecting proper MRM tools as per requirement is a key growth deterrent for the marketing resource management market

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

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Airport Runway Foreign Object Debris Investment Opportunities in Competitive Environment

The airport runway foreign object debris detection system market continues to be heavily consolidated. The level of consolidation in the airport runway foreign objects debris (FOD) detection systems market can be gauged from Fact.MR’s finding that four players account for over two-thirds revenue share of the market in 2017. The companies – The Stratech Group Limited, Moog Inc., Xsight Systems Ltd., and Trex Aviation Systems – continue to focus on R&D, global expansion, and competitive pricing to strengthen their position.

The Fact.MR study offers a comprehensive analysis on the key influencing factors for airport runway foreign object debris (FOD) detection systems market. According to the study, growing air traffic, especially in fast-growing economies of Asia Pacific is inducing investments in airport infrastructure. The International Air Transport Association (IATA) has marked out Asia Pacific as the biggest driver for increased air travel globally. China, India, Thailand, and Turkey already have some of the busiest airports in the world – sensing the emerging opportunities in a consolidated marketplace, players are likely to focus on competitive pricing to win government contracts. The consolidated nature of the market and heavy reliance on government contracts has also led to high focus on partnerships among market players.

Investments in new airport construction and increase in mandates on airport security continue to induce momentum in the airport runway foreign object debris (FOD) detection systems market. Asian countries are at the forefront of investments in new airport construction, with the Government of India planning to invest US$ 60 billion in the next decade. The U.S. Department of Transportation’s grant of US$ 586 million under the Airport Improvement Program is also aimed to upgrade facilities at regional airports. According to the report, government funding and investment will remain a critical factor in the airport runway foreign object debris (FOD) detection systems market over the assessment period.

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According to the report, high cost of airport runway foreign object debris (FOD) detection systems continues to be a key impediment to growth. High investment to the tune of over US$ 1 million in procuring mobile FOD detection systems and over US$ 7 million in procuring stationary, radar-based FOD detection systems continues to limit widespread adoption.

The Fact.MR study also offers a region-wise analysis on the airport runway foreign object debris (FOD) detection systems market. According to the report, Asia Pacific continues to maintain its position as one of the most lucrative markets for stakeholders in the airport runway foreign object debris (FOD) detection systems market. The lucrativeness of airport runway foreign object debris (FOD) detection systems market can be attributed to the high number of domestic and international air passengers from China, India, Thailand, and southeast Asian countries.

The Americas represents the second largest market for airport runway foreign object debris (FOD) detection systems globally. The airport runway foreign object debris (FOD) installation and sales in the region can be attributed to growing investments in airport safety and maintenance. The report opines that Asia Pacific and Americas, notably the US, will continue to offer sustained opportunities to airport runway foreign object debris (FOD) detection system market players

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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