Sales of fiber optic gyroscopes in Korea are expected to be worth US$ 50.6 million in 2023. The adoption of fiber optic gyroscopes in this country is projected to expand at an average CAGR of 4.60% between 2023 and 2033. With the advancements in autonomous vehicle technology, there is a notable surge in the demand for fiber optic gyroscopes to ensure accurate positioning and navigation. This contributes to the development of Korea's autonomous driving industry.
The aerospace sector in Korea is witnessing a significant adoption of fiber optic gyroscopes in aircraft navigation and control systems. This ensures reliable and precise flight control and navigation, driving the growth of the aviation industry. Demand for fiber optic gyroscopes in Korea is poised to increase significantly, with sales surpassing US$ 80.4 million by 2033.
| Attributes | Details |
|---|---|
| Industry size for Korea in 2023 | US$ 50.6 million |
| Expected Industry Size for Korea by 2033 | US$ 80.4 million |
| Forecasted CAGR between 2023 to 2033 | 4.60% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Principal Consultant
This section presents category-wise insights focusing on the demand for fiber optic gyroscopes in Korea, emphasizing the utilization based on the sensing axis and adoption across various applications. The analysis underscores the prevalent use of 3-axis fiber optic gyroscopes, emphasizing their importance across various sectors. Moreover, the adoption of fiber optic gyroscopes in the military and defense application segment underscores their crucial role in enhancing navigation and precision capabilities within this sector.
| Demand for Fiber Optic Gyroscopes in Korea Based on Sensing Axis | 3-Axis |
|---|---|
| Industry Share in 2023 | 37.10% |
The 3-axis gyroscope segment is projected to hold a substantial 37.10% share in 2023. This growth is likely to get support from this following factors:
| Adoption of Fiber Optic Gyroscopes in Korea by Application | Military & Defense |
|---|---|
| Industry Share in 2023 | 32.30% |
Military and defense applications contribute to a significant 32.30% industry share in 2023. Several factors are likely to further stimulate this expansion:
The fiber optic gyroscopes industry in Korea is highly competitive, with several leading players vying for a dominant share. These companies offer a wide range of fiber optic gyroscopes, including inertial navigation systems, attitude heading reference systems, and tactical-grade applications. They also provide various software solutions tailored for fiber optic gyroscopes.
The key players in the fiber optic gyroscopes industry in Korea are consistently innovating to develop new and improved products. They are also making significant investments in research and development. For instance, Han's Laser focuses on creating high-performance fiber optic gyroscopes for aerospace and defense applications. Hyundai Heavy Industries is dedicated to producing low-cost fiber optic gyroscopes for automotive and industrial applications. Samsung Electronics specializes in the development of fiber optic gyroscopes for consumer electronics applications. LG Electronics concentrates on the creation of fiber optic gyroscopes for data center applications. KIOXIA is focused on developing fiber optic gyroscopes for 5G and beyond applications.
The fiber optic gyroscopes industry in Korea faces several challenges, including:
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
There are several investment opportunities for new entrants in the fiber optic gyroscopes industry in Korea. For example, there is a growing demand for low-cost fiber optic gyroscopes in automotive and industrial applications. Additionally, there is an increasing demand for fiber optic gyroscopes in consumer electronics applications, such as smartphones and wearable devices.
The development of 5G and beyond networks is creating new opportunities for fiber optic gyroscopes. 5G networks require more precise timing and synchronization than previous generations of networks.
Recent Developments in Fiber Optic Gyroscopes in Korea
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 50.6 million |
| Projected Industry Size by 2033 | US$ 80.4 million |
| Anticipated CAGR between 2023 to 2033 | 4.60% CAGR |
| Historical Analysis of Demand for Fiber Optic Gyroscopes in Korea | 2018 to 2022 |
| Demand Forecast for Fiber Optic Gyroscopes in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Fiber Optic Gyroscopes in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Provinces Analyzed | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Han's Laser; Hyundai Heavy Industries; Samsung Electronics; LG Electronics; KIOXIA; Fiberpro; Innolight Technology; Sensys Korea; Optisense Korea; I-Sensys; FiberGyro Korea; K-Photonics |
The industry size of fiber optic gyroscope in Korea is US$ 50.6 million in 2023.
Fiber optic gyroscope sales are forecasted to expand at a rate of 4.60% in Korea through 2033.
The growing demand for precise navigation and the need for accurate positioning in military operations.
The key cities covered include South Gyeongsang, North Jeolla, South Jeolla, and Jeju.
Aside from the defense sector, notable application segments for fiber optic gyroscopes in Korea include aerospace, robotics, and marine navigation.
Some key players in Korea's fiber optic gyroscopes industry include Han's Laser, Hyundai Heavy Industries, and KIOXIA.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sensing Axis
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Sensing Axis, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Sensing Axis, 2023 to 2033
5.3.1. 1-Axis
5.3.2. 2-Axis
5.3.3. 3-Axis
5.4. Y-o-Y Growth Trend Analysis By Sensing Axis, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Sensing Axis, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Device
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Device, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Device, 2023 to 2033
6.3.1. Fiber Optic Gyrocompass
6.3.2. Inertial Measurement Units (IMUs)
6.3.3. Inertial Navigation Systems
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Device, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Device, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Aeronautics and Aviation
7.3.2. Robotics
7.3.3. Remotely Operated Vehicle Guidance
7.3.3.1. Unmanned Underwater Vehicle (UUV)
7.3.3.2. Unmanned Ground Vehicle (UGV)
7.3.3.3. Unmanned Aerial Vehicle (UAV)
7.3.4. Military & Defense
7.3.5. Industrial
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2023 to 2033
8.3.1. South Gyeongsang
8.3.2. North Jeolla
8.3.3. South Jeolla
8.3.4. Jeju
8.3.5. Rest of Korea
8.4. Market Attractiveness Analysis By Region
9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Sensing Axis
9.2.2. By Device
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Sensing Axis
9.3.2. By Device
9.3.3. By Application
9.4. Key Takeaways
10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Sensing Axis
10.2.2. By Device
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Sensing Axis
10.3.2. By Device
10.3.3. By Application
10.4. Key Takeaways
11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Sensing Axis
11.2.2. By Device
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Sensing Axis
11.3.2. By Device
11.3.3. By Application
11.4. Key Takeaways
12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Sensing Axis
12.2.2. By Device
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Sensing Axis
12.3.2. By Device
12.3.3. By Application
12.4. Key Takeaways
13. Rest ofIndustry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Sensing Axis
13.2.2. By Device
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Sensing Axis
13.3.2. By Device
13.3.3. By Application
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Sensing Axis
14.3.3. By Device
14.3.4. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. KVH Industries Inc.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. EMCORE Corporation
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. FIBERPRO, Inc.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Saab
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Honeywell
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Tamagawa Seiki Co., Ltd.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Optolink
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. NedAero Components B.V
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. iXblue
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Fizoptika
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. Safran
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
15.1.12. Cielo Inertial Solutions
15.1.12.1. Overview
15.1.12.2. Product Portfolio
15.1.12.3. Profitability by Market Segments
15.1.12.4. Sales Footprint
15.1.12.5. Strategy Overview
15.1.12.5.1. Marketing Strategy
15.1.12.5.2. Product Strategy
15.1.12.5.3. Channel Strategy
15.1.13. Ericco International
15.1.13.1. Overview
15.1.13.2. Product Portfolio
15.1.13.3. Profitability by Market Segments
15.1.13.4. Sales Footprint
15.1.13.5. Strategy Overview
15.1.13.5.1. Marketing Strategy
15.1.13.5.2. Product Strategy
15.1.13.5.3. Channel Strategy
15.1.14. Fibernetics LLC
15.1.14.1. Overview
15.1.14.2. Product Portfolio
15.1.14.3. Profitability by Market Segments
15.1.14.4. Sales Footprint
15.1.14.5. Strategy Overview
15.1.14.5.1. Marketing Strategy
15.1.14.5.2. Product Strategy
15.1.14.5.3. Channel Strategy
15.1.15. Northrop Grumman Sperry Marine B.V.
15.1.15.1. Overview
15.1.15.2. Product Portfolio
15.1.15.3. Profitability by Market Segments
15.1.15.4. Sales Footprint
15.1.15.5. Strategy Overview
15.1.15.5.1. Marketing Strategy
15.1.15.5.2. Product Strategy
15.1.15.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
Explore Technology Insights
View Reports
Fiber Optic Gyroscope Industry Analysis in Korea
