Press release
High End Inertial System Market Size & Share - Industry Trends and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “High End Inertial System” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Inertial system refers to the system in which the body remains at rest or in motion unless any external force acts on it. Inertial measuring units consists of motion sensing devices and micro fabricated sensors such as accelerometer that senses gravity or force, a gyroscope that measures angular velocity, and magnetometers, that acts as a compass. These sensors gather data that are handled by an external or onboard microprocessor providing information about orientation, rotational speed, and altitude of an object. Microelectromechanical System (MEMS) based inertial measuring unit uses Coriolis effect based on vibrating mass deflection. All MEMS accelerometer sensors measures the displacements of a mass with the use of position measuring interface circuit. This measurement is converted into digital signal through ADC (analog to digital converter) for digital processing. However, gyroscopes measure both displacement of frame and its resonating mass due to Coriolis acceleration.
Due to high performance and temperature calibration, there is a high demand for the inertial systems. The high accuracy, stability, reliability, the miniaturized surface mount and rugged packaging of the inertial systems are the major drivers that boost the high end inertial system market. The other parameters that drives the market is its low cost and reduced size with multi axis sensing. With the growing demand of the mobile market and consumer electronics market, the demand for the MEMS based inertial measuring unit is increasing. One of the major factor that restricts the growth of the high end inertial system is the noise produced in the gyroscope. For accelerometers, it is necessary to maintain high insulation resistance and also due to the hysteresis errors occurring during measurement limits the growth of the high end inertial system market. However due to the accuracy and performance of the inertial system that plays major role in the operation, the high end inertial system market is anticipated to make significant growth in forecasted period. Also due to the advancement in the technology and the demanding nature of end use application, the high end inertial system market is expected to have a prominent growth in near future.
High end inertial system market can be segmented into inertial measuring unit (IMU), technology, application and geographic region. Based on inertial measuring unit, the high end inertial system is segmented into gyroscopes, accelerometers and magnetometers. Segmentation by technology is done on the basis of MEMS IMU, Ring laser Gyros IMU, and Fiber Optic technology (FOG). Based on applications the market is segmented into industrial, defense, research application, aerospace, marine, automobiles, navigation and others. High end inertial system market is also segmented on the basis of regions into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe are expected to have significant market share due to the presence of already developed economies. Asia Pacific region is expected to be an emerging region due to growing industrial trends in the near future.
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As per the analysis, major international players are present in the high end inertial system market. Some of the major players in global high end inertial system market are Northrop Grumman Corporation, Murata Manufacturing Co. Ltd., Analog Devices Inc., VectorNav Technologies, Bosch Sensortec GmbH, Safran Group, SBG Systems, ABB Ltd., Thales Group, Silicon Sensing Systems Ltd., MEMSIC Inc, Aceinna, Inc., Variense and among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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