DUBLIN--(BUSINESS WIRE)--The "Inertial Sensing Systems and Its Components - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Inertial Sensing Systems and Its Components market accounted for $7.34 billion in 2018 and is expected to reach $16.60 billion by 2027 growing at a CAGR of 9.5% during the forecast period.
Some of the key factors influencing market growth include increasing adoption of micro electro mechanical system (MEMS), increasing demand for accuracy in navigation and rising growth from aerospace, commercial and military sectors of emerging nations. However, flicker noise calibration errors and temperature fluctuations are restricting market growth.
Inertial Sensing Systems are the measurement systems which measures velocity, gravitational force and orientation of a moving object. These include drones, planes, ships and others. These systems are used in Artificial Intelligence to reach the destination without any digital interference. The inertial sensing systems market has been classified as follows inertial navigation systems, inertial measurement systems, Aided navigation systems, vertical reference unit and others. It is used in various applications like bore, Stabilization payloads, ground robotics, and pedestrian navigation. It is used in various end-user industries like Aviation, Automobiles, Consumer electronics, defence, transportation and others.
Based on the component, the gyroscopes segment is expected to grow at a significant rate during the forecast period. The emergence of efficient, economic and compact gyroscopes is estimated to increase the demand for gyroscopes in the market. The growth of gyroscopes can be attributed to their capabilities of addressing high-level motion sensing and navigational assistance. Furthermore, gyroscopes can measure the angular velocity in three dimensions.
By Geography, North America is expected to have substantial market growth during the forecast period, due to the growing passenger air traffic and technological enhancement by various regional research and development companies. Moreover, The driving factor for the regional market will be prospective in the North American market that has a competitive edge over rest of the world in delivering the finest inertial sensing systems along with the presence of leading manufacturers in the region.
Some of the key players in global inertial sensing systems and its components market are Kearfott Corporation, Invensense Inc., Colibrys (Switzerland) Ltd., Meggitt Plc, Analog Devices, Inc., Northrop Grumman Corporation, Ixblue Sas, Honeywell Aerospace, Bosch, Sensortec Gmbh, Kvh Industries, Inc., STMicroelectronics N.V., Utc Aerospace Systems, Safran Group, and Silicon Sensing Systems Ltd.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
5 Global Inertial Sensing Systems and its Components Market, By Component
6 Global Inertial Sensing Systems and its Components Market, By System
6.2 Strap Down Systems
6.3 Inertial Navigation System (INS)
6.4 Attitude & Heading Reference System (AHRS)
6.5 Inertial Measurement Units (IMUs)
6.6 Vertical reference unit
6.7 Stable Platform Systems
7 Global Inertial Sensing Systems and its Components Market, By End User
7.6 Consumer Electronics
7.8 Unmanned Systems
8 Global Inertial Sensing Systems and its Components Market, By Geography
8.2 North America
8.4 Asia Pacific
8.5 South America
8.6 Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.5 Other Key Strategies
10 Company Profiling
10.1 Kearfott Corporation
10.2 Invensense Inc.
10.3 Colibrys (Switzerland) Ltd.
10.4 Meggitt Plc
10.5 Analog Devices, Inc.
10.6 Northrop Grumman Corporation
10.7 Ixblue Sas
10.8 Honeywell Aerospace
10.9 Bosch Sensortec Gmbh
10.10 Kvh Industries, Inc..
10.11 Stmicroelectronics N.V.
10.12 Utc Aerospace Systems
10.13 Safran Group
10.14 Silicon Sensing Systems Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/2bj51a