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.
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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.
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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.
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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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