Global Inertial Sensors Market

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Global inertial sensors market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 8.2% during the forecast period.

Global Inertial Sensors Market

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Global inertial sensors market Definition

Inertial sensors are sensing devices that are based on the principles of inertia and relevant measurement. Inertial sensors are basically used to measure the angular velocity and acceleration of an object with respect to the inertial space.
Global inertial sensors market Dynamics

A surge in the adoption of inertial sensors in navigation, condition monitoring and geo-engineering applications is major driving factor behind the growth of the market. A rising demand for inertial sensors in consumer electronics products such as tablet, mobile phones and many others, increasing demand for micro electromechanical systems (MEMS) technology based inertial sensors, growing importance of accelerometers and gyroscopes in various end user industries and rising adoption of inertial sensors in inertial measurement units (IMUs) are expected to improve growth of the market during the forecast period.
However, a possibility of potential accumulated error and any measurement error is the major restraining factor that could obstruct the growth of the market.
Global Inertial Sensors Market: Segmentation Analysis

By type, inertial navigation systems (INS)/inertial navigation units (INUs) segment dominated the market in 2019 and is projected to witness high growth at a CAGR of XX% during the forecast period. INS is an electronic navigation device that uses a motion and rotation sensors such as accelerometers and gyroscopes and a computer to constantly measure the velocity, the orientation and the position of a moving objects. A growing use of INS in wide range of applications such as on mobile robots and on vehicles such as spacecraft, guided missiles, ships, submarines, and aircrafts are accredited to the growth of the market. Nowadays, INS system is also embedded in most of the advanced mobile phones for the mobile phone tracking and location application, which is further likely to improve market growth during the forecast period.

By industry, consumer electronics segment is projected to witness fast growth at a CAGR of XX% during the forecast period. Inertial sensors are increasingly becoming most important components in consumer electronics products such as in computers, laptop, digital cameras, MP3 players, game controllers, television remotes and mobile phones to enable features that improve the operation of these electronics products is accredited to the growth of the market. In addition, surge in the adoption of inertial sensors in tablets and Smartphone’s as orientation sensors, in fitness trackers and many other wearable electronics to measure motions are expected to propel market growth in coming years.
Global Inertial Sensors Market: Regional Analysis

Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. Countries such as China, Japan, India and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing market for potential end user industries such as consumer electronics, military and aerospace and transport.

Continuous development in the micro electromechanical (MEMS) technology, rising adoption of gyroscopes and accelerometers in advanced industrial and consumer applications, growing requirement for high precise, compact and low cost inertial sensing devices and miniaturization, cost reduction and mass production of many sensors are driving the growth of the market in APAC region.

The objective of the report is to present a comprehensive analysis of the Global Inertial Sensors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Inertial Sensors Market dynamics, structure by analyzing the market segments and projects the Global Inertial Sensors Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Inertial Sensors Market make the report investor’s guide.
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Global Inertial Sensors Market, By Type

• Attitude Heading and Reference Systems (AHRS)
• Inertial Navigation Systems/Inertial Navigation Units (INUs)
• Inertial Measurement Units (IMUs)
Global Inertial Sensors Market, By Component

• Accelerometers
• Gyroscopes
• Encoders
• Magnetic Sensor
• GPS
Global Inertial Sensors Market, By Industry

• Transport
• Agriculture
• Healthcare
• Consumer Electronics
• Military and Aerospace
• Others
Global Inertial Sensors Market, By Region

• North America
 US
 Canada
• Europe
 UK
 France
 Germany
 Italy
 Spain
 Norway
 Russia
• Asia Pacific
 China
 India
 Japan
 South Korea
 Australia
 Malaysia
 Indonesia
• South America
 Brazil
 Mexico
 Argentina
• Middle East and Africa
Global Inertial Sensors Market, Key Players

• Atlantic Inertial Systems INC
• Advanced Navigation
• Epson Electronics America, Inc
• Bosch Group GmbH
• IXBLUE
• Heidenhain Corporation
• VectorNav Technologies
• Freescale Semiconductors
• Shanghai Maixun Hangyi Inertia Technology Co., Ltd
• ST Microelectronics
• Systron Donner Inertial
• Parker Hannifin Corp
• First Sensor AG
• Xsens
• EMCORE Corporation
• SBG Systems
• Northrop Grumman Corporation
• Safran Electronics & Defense
• Thales Group
• Inertial Labs
• XX
• XX

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