Market Overview:
The global industrial inertial systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for inertial systems in various applications such as industrial OEM, defense, energy & infrastructure, transportation, civil aviation and other applications. In addition, the growing demand for miniaturized and low-power consuming inertial systems is also contributing to the growth of this market.
Product Definition:
Industrial inertial systems are used to detect and measure the movement of objects in industrial settings. They are often used in conjunction with other sensors, such as optical sensors, to provide a more complete picture of what is happening in a factory or other industrial setting. Industrial inertial systems can be used for tasks such as automatic material handling and tracking inventory levels.
Gyroscopes:
Gyroscopes are devices that measure and respond to the orientation or rotation of a device. Gyroscopes are used in inertial navigation systems for measuring the orientation of a vehicle, satellite, or aircraft with respect to its own axes. The global gyroscopes market is expected to witness significant growth over the forecast period owing to increasing demand from inertial navigation systems industry segment.
Accelerometers:
Accelerometers are devices that measure the rate of change in inertial properties with respect to time or position. They are used in industrial inertial systems for measuring orientation, velocity and acceleration along with monitoring the speed of rotation and Earth resonance.
The global accelerometer market is expected to witness significant growth over the forecast period owing to increasing demand from various application areas such as automotive, consumer electronics & appliances, aerospace & defense among others.
Application Insights:
The defense segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The inertial measurement units are widely used in military aircraft, ships, tanks and armored vehicles for navigation and targeting purposes. Moreover, they are also used for tracking ballistic missiles as well as their warheads during mid-course flight. Furthermore, these systems are also installed on strategic bombers to provide highly accurate position information during high-speed dives at great distances from base stations. These factors contribute towards a large share of the defense segment in global revenue generation.
The energy & infrastructure sector is anticipated to register a notable CAGR over the forecast period owing to increasing investments by governments worldwide for developing renewable sources of energy such as wind power along with smart grids that use electric motors based on inertial measurement units for monitoring movement or acceleration changes caused due to forces such as gravity or centrifugal force acting upon them (rotational inertia).
Regional Analysis:
Asia Pacific dominated the global market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising investments in infrastructure development, and growing demand for consumer electronics. Moreover, China has emerged as a major player in the global inertial system market owing to heavy investments made by domestic manufacturers such as Beijing Institute of Technology (BIT) and SINOPTEC CO., LTD.
The Asia Pacific regional market is also anticipated to witness significant growth over the forecast period owing to increasing government initiatives pertaining towards improving transportation facilities across various countries including India, Indonesia, Malaysia & Thailand among others. Such initiatives are further expected drive product demand from other application sectors such as defense & security industry which will propel Asia Pacific regional market growth over the next eight years.
Growth Factors:
- Increasing demand for inertial measurement units (IMUs) in automotive and aerospace applications
- Growing popularity of drones and unmanned aerial vehicles (UAVs)
- Proliferation of advanced navigation systems in commercial vehicles
- Rising demand for stabilization and control systems in industrial automation applications
- Emergence of next-generation inertial measurement technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Inertial Systems Market Research Report
By Type
Gyroscopes, Accelerometers, Inertial Measurement Units, GPS/INS, Multi-Axis Sensors
By Application
Industrial OEM, Defense, Energy & Infrastructure, Transportation, Civil Aviation, Other
By Companies
Aeron Systems, Memsic Technology, Systron, Trimble, LORD MicroStrain, VectorNav Technologies, L3 Technologies, Safran, iXblue, Honeywell, SBG Systems, Xsens, Moog
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Inertial Systems Market Report Segments:
The global Industrial Inertial Systems market is segmented on the basis of:
Types
Gyroscopes, Accelerometers, Inertial Measurement Units, GPS/INS, Multi-Axis Sensors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial OEM, Defense, Energy & Infrastructure, Transportation, Civil Aviation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aeron Systems
- Memsic Technology
- Systron
- Trimble
- LORD MicroStrain
- VectorNav Technologies
- L3 Technologies
- Safran
- iXblue
- Honeywell
- SBG Systems
- Xsens
- Moog
Highlights of The Industrial Inertial Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gyroscopes
- Accelerometers
- Inertial Measurement Units
- GPS/INS
- Multi-Axis Sensors
- By Application:
- Industrial OEM
- Defense
- Energy & Infrastructure
- Transportation
- Civil Aviation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Inertial Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial inertial systems (INS) are a type of navigation system used in industrial applications. They use accelerometers, gyroscopes, and magnetometers to measure the orientation and movement of objects within a factory or other industrial setting. This information is then used to generate accurate navigation instructions for robots or other automated devices.
Some of the major players in the industrial inertial systems market are Aeron Systems, Memsic Technology, Systron, Trimble, LORD MicroStrain, VectorNav Technologies, L3 Technologies, Safran, iXblue, Honeywell, SBG Systems, Xsens, Moog.
The industrial inertial systems market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Inertial Systems Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Industrial Inertial Systems Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Inertial Systems Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Industrial Inertial Systems Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Industrial Inertial Systems Market Size & Forecast, 2020-2028 4.5.1 Industrial Inertial Systems Market Size and Y-o-Y Growth 4.5.2 Industrial Inertial Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gyroscopes
5.2.2 Accelerometers
5.2.3 Inertial Measurement Units
5.2.4 GPS/INS
5.2.5 Multi-Axis Sensors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial OEM
6.2.2 Defense
6.2.3 Energy & Infrastructure
6.2.4 Transportation
6.2.5 Civil Aviation
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Inertial Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Inertial Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gyroscopes
9.6.2 Accelerometers
9.6.3 Inertial Measurement Units
9.6.4 GPS/INS
9.6.5 Multi-Axis Sensors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial OEM
9.10.2 Defense
9.10.3 Energy & Infrastructure
9.10.4 Transportation
9.10.5 Civil Aviation
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gyroscopes
10.6.2 Accelerometers
10.6.3 Inertial Measurement Units
10.6.4 GPS/INS
10.6.5 Multi-Axis Sensors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial OEM
10.10.2 Defense
10.10.3 Energy & Infrastructure
10.10.4 Transportation
10.10.5 Civil Aviation
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gyroscopes
11.6.2 Accelerometers
11.6.3 Inertial Measurement Units
11.6.4 GPS/INS
11.6.5 Multi-Axis Sensors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial OEM
11.10.2 Defense
11.10.3 Energy & Infrastructure
11.10.4 Transportation
11.10.5 Civil Aviation
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gyroscopes
12.6.2 Accelerometers
12.6.3 Inertial Measurement Units
12.6.4 GPS/INS
12.6.5 Multi-Axis Sensors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial OEM
12.10.2 Defense
12.10.3 Energy & Infrastructure
12.10.4 Transportation
12.10.5 Civil Aviation
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gyroscopes
13.6.2 Accelerometers
13.6.3 Inertial Measurement Units
13.6.4 GPS/INS
13.6.5 Multi-Axis Sensors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial OEM
13.10.2 Defense
13.10.3 Energy & Infrastructure
13.10.4 Transportation
13.10.5 Civil Aviation
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Inertial Systems Market: Competitive Dashboard
14.2 Global Industrial Inertial Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aeron Systems
14.3.2 Memsic Technology
14.3.3 Systron
14.3.4 Trimble
14.3.5 LORD MicroStrain
14.3.6 VectorNav Technologies
14.3.7 L3 Technologies
14.3.8 Safran
14.3.9 iXblue
14.3.10 Honeywell
14.3.11 SBG Systems
14.3.12 Xsens
14.3.13 Moog