Advancement in technology and new inventions have largely contributed to the steady growth of the global inertial sensors market. Taking into account the size, share, growth, and development of the overall market, the research report analyses the numerous segments and provides sharp insight on the same. The inertial sensors industry is highly diversified and fragmented and each section has been scrutinized to identify the trends, top performing segments, opportunities, barriers, and drivers during the forecast period of 2012 to 2018.
The report also lists the leading companies operating in this space and focuses in detail on individual market contribution, current products and those in the pipeline, strategies, and initiatives.
It also covers the value chain, product and market life cycle, new product launches, mergers and acquisitions, joint ventures, and Porter’s five forces analysis.
Overview of the inertial sensors market
On the basis of type, the market for inertial sensors can be segmented into Attitude Heading and Reference Systems (AHRS), Inertial Navigation Systems/Inertial Navigation Units (INUs), and Inertial Measurement Units (IMUs). The various components of inertial sensors include accelerometers, gyroscopes, encoders, magnetic sensor, and GPS. The sensors have a wide range of applications across numerous commercial and noncommercial sectors such as transport, agriculture, healthcare, devices and machinery (commercial), air force, navy and military (defense), and aerospace.
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Being small, accurate and affordable, the market for inertial sensors has grown at a substantial pace. Their growing use in consumer electronics has significantly impacted the growth. Devices such as tablets, mobile phones, gaming stations, remote controls, and laptops use a combination of accelerometers, magnetometers, and gyroscopes. Growing awareness regarding personal health and rising popularity of healthcare devices such as pacemakers and patient monitoring devices has led to increased demand for inertial sensors in medicine. In motor vehicles, the sensors are used in car safety systems, and the booming global automotive industry has had a direct impact on the demand for sensors.
The market is poised for future growth due to mounting use of inertial sensors in aerospace and military sectors in the Asia-Pacific region. Extensive use of its artificial intelligence to reach a location with no digital interference is a major reason for its application in these two fields.
Even though leading players such as Kongsberg Gruppen and Trimble Navigation Ltd. have been constantly increasing production, the expanding competitive landscape has propelled the inertial sensors market.
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