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.
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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.
Key findings of the Fiber Optic Gyroscope market study:
• Regional breakdown of the Fiber Optic Gyroscope market based on predefined taxonomy.
• Innovative manufacturing processes implemented by Fiber Optic Gyroscope vendors in detail.
• Region-wise and country-wise fragmentation of the Fiber Optic Gyroscope market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Fiber Optic Gyroscope market.
On the basis of Device Type, the Fiber Optic Gyroscope market study consists of:
• Gyrocompass
• Inertial Measurement Unit
• Inertial Navigation System
• Others
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On the basis of end use, the Fiber Optic Gyroscope market study incorporates:
• Aerospace and Defense
• Automotive
• Robotics
• Mining
• Healthcare
• Transportation & Logistics
• Others
On the basis of region, the Fiber Optic Gyroscope market study contains:
North America, Latin America, Europe, Japan, APEJ, and MEA
Key players analyzed in the Fiber Optic Gyroscope market study:
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.
Queries addressed in the Fiber Optic Gyroscope market report:
• How has the global Fiber Optic Gyroscope market grown over the forecast period of 2018-2028?
• Why are the Fiber Optic Gyroscope market players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global Fiber Optic Gyroscope market?
• Which regions are displaying the fastest growth in the Fiber Optic Gyroscope market?
• What are the underlying micro- macroeconomic factors affecting the global Fiber Optic Gyroscope market?
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