Friday, September 25, 2015

Inertial Sensor Market: Technology Trends, Analysis and Business Growth

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

The report " Inertial Sensing Systems and Its Components Market – By Type (IMUs, INS & AHRS); Components (Accelerometer, Gyroscope, GPS, Magnetometer); Applications (Aerospace, Military & Defense) - (2015 – 2020)", 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 “Inertial Sensing Systems and Its Components” http://industryarc.com/Report/100/Inertial-sensors-devices-market-analysis-report.html

Inertial Sensors Market is penetrating at a fast rate into the Global Market. Inertial Sensors are nothing but a Measurement Unit extensively running on Artificial Intelligence used to measure factors like Velocity, Gravitational Force and Orientation of a Moving Object of especially major automotive like Airplanes, Missiles, Drones, Ships and Underwater Vehicles. It is systemized with an aim to also reach a location without any static or digital interference. Technological Growth and Advancements have made the Systems Cheaper and More Accurate in terms of yielding results.

Technological Advancements are making possible cheaper, compact, accurate and more affordable Inertial Sensors available in the market. This is obviously encouraging new and strong players to invest in this field. Newer Technologies like Laser Gyros, Fiber Optic Gyros and TIMU Sensors has made the Inertial Sensors Market further to improvise and succeed.


Market Trends:

While the Global Inertial Sensor Systems Market growth revenue was calculated by IndustryARC to be around $5 billion in 2014, the firm claims that the total market shall grow at CAGR 7.7% during the forecast period 2014-2020. On the other hand, the individual Inertial System Market shall witness a 10-12% CAGR growth.

Inertial MEMS such as Gyroscopes and Accelerometers are expected to grow to $726.1 Million by 2018.

Segment wise, Inertial Navigation Systems (INS) was noted to hold a major market share of 55% in 2014 amongst the types of Inertial Sensing Systems. This was followed by Attitude & Heading Reference Systems (AHRS) with 35% market share. Aerospace, Defense and commercial sector investments are helping the Inertial Sensor market grow rapidly.


Geographically, Americas was witnessed to be a substantial market followed by Europe and Asia-pacific. The market has been witnessing aggressive growth from aerospace, commercial and military sectors of emerging nations in Asia pacific regions.

REPORT SCOPE:

This report contains different market aspects explored with particular focus on key market drivers, challenges, constraints and market landscape.

Market Segmentation:

The Inertial Sensing Systems Market is classified into various types based on these 4 factors:
  • By Components: Accelerometers and Gyroscopes.
  • By Systems: Inertial Navigation Systems (Ins), Attitude & Heading  Reference Systems (Ahrs) and Inertial Measurement Units (Imus)
  • By End Use Industry: Aviation, Consumer Electronics, Defense and Others.
  • By Geography: America, Europe, APAC and ROW.



Key Players:

Top Companies like Trimble and Kongsberg are showing a 7.5% Annual Growth Rate Consistently. Few other notable players mentioned in the report are:
  • Analog Devices, Inc.
  • Bosch Sensortec Gmbh
  • Colibrys (Switzerland) Ltd.
  • Honeywell Aeropsace 
  • Invensense Inc.


MEMS Technology owns its presence in:
  • Analog devices, Inc.,
  • Bosch semiconductor GmbH
  • ST Microelectronics N.V.



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