Inertial Sensor Market growth is expected to grow with 10-12% CAGR during 2014-2020!


Posted August 27, 2015 by ElectronicsIARC

Aerospace, Defense and commercial sector investments are helping the Inertial Sensor market grow rapidly.

 
The report [b]" Inertial Sensing Systems and Its Components Market – By Type (IMUs, INS & AHRS); Components (Accelerometer, Gyroscope, GPS, Magnetometer); Applications (Aerospace, Military & Defense) - (2015 – 2020)"[/b], defines and segments the market on the basis of size & key regions such as Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered, and the market size and trends are projected for each region.

Browse Market 103 Data Tables and 61 Figures spread through 190 pages and in-depth TOC on [b]“Inertial Sensing Systems and Its Components”[/b] http://industryarc.com/Report/100/Inertial-sensors-devices-market-analysis-report.html

The [b]Inertial Sensor[/b] is a measurement unit which measures velocity, gravitational force and orientation of a moving object. These include airplanes, missiles, drones, ships and underwater vehicles. This system is used extensively for its artificial intelligence to reach location without any static or digital interference. These Inertial Sensors use Multiple Components like Gyroscopes, Accelerometers, GPS and Encoders.

[b]Inertial Sensor Market growth is expected to grow with 10-12% CAGR during 2014-2020![/b]

Technological Advancements have apparently made the systems cheaper and more accurate in terms of results which are the key-factor for the growth of the Inertial Sensor Market. Newer technologies like [b]Laser Gyros, Fiber Optic Gyros and TIMU Sensors[/b] makes it cheaper and more efficient to use Inertial Sensors.

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[b]Brief Outlook of the Market:[/b]

Aerospace, Defense and Commercial Sector Investments are acting as driving factors for the [b]Inertial Sensing Systems Market[/b]. The Inertial Measurement Units (IMUs) taken into account as the devices based on MEMS technology, only had 10% market share in the net Inertial Sensing Systems Market in 2014. Amongst the types of Inertial Sensing Systems, [b]Inertial Navigation Systems (INS) had a major market share of 55% in 2014[/b] followed by attitude & heading reference systems (AHRS) with 35% share in the Total Inertial Sensing Systems Market. Inertial MEMS such as Gyroscopes and Accelerometers are expected to grow to $726.1 Million by 2018!

[b]REPORT SCOPE:[/b]

The report contains different market aspects explored with particular focus on key market drivers, challenges, constraints and market landscape. The Global [b]Inertial Sensing Systems Market[/b] has been thoroughly analyzed and carefully segmented by geographic locations based on major economic and topographical regions. The report details current market potential and future market growth in this industry. The report overall contains the most detailed, in depth segmentation and analysis of the Inertial Sensing Systems Market during the forecast period 2015-2020.

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[b]Market Segmentation:[/b]

The [b]Inertial Sensing Systems Market[/b] is broadly divided into 4 types based on different factors:
1. [b]By Components[/b]: Accelerometers and Gyroscopes with further sub segments.
2. [b]By Systems[/b]: Inertial Navigation Systems, Attitude and Heading Reference Systems and Inertial Measurement Units.
3. [b]By End-User Industry[/b]: Aviation, Automobiles, Consumer Electronics, Defense and Others.
4. [b]By Geography[/b]: Americas, Europe, APAC and ROW.

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[b]Key Players:[/b]

The major competitors in the [b]market for inertial sensing systems[/b] based on electro-mechanical and optical technologies are:
• Honeywell Aerospace
• Northrop Grumman Corporation
• Safran group

[b]MEMS technology[/b] has its presence in:
• Analog devices, Inc.,
• Bosch semiconductor GmbH
• ST Microelectronics N.V.

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Last Updated August 27, 2015