In 2012, the production of passenger cars in Europe was nearly 15 million which represented more than 23% of the total passenger cars produced in the world. Automobile is one of the big industries in Europe. Big giants of automobile industry are from this region like Audi, Skoda, BMW, Mercedes, and VW. A lot of technological innovations in the automobile industry occur in this area. Inertial sensors are very important part of the automobiles these days. They are used in various systems ranging from ABS to air-bag deployment and even in anti-theft features. The automotive industry growth in this region will help the inertial systems market to grow.
Inertial system equipment includes gyroscopes, accelerometers, inertial measurement units, inertial navigation systems and multi-axis sensors. A comprehensive overview of the market for these systems over the period 2016 - 2021 has been given in this report. It segments the market by area of application with an in-depth analysis of every segment in each area. Aerospace, land-based, marine and subsea applications are explained with comprehensive market analysis of each segment.
The advancement of global lifestyle has resulted in the need for equipment with greater ease of use. This has enabled the use of motion sensing technology which uses inertial sensors extensively. This is a key driving factor to this market and will play an important role in defining the market for the next few years.
The report delves into the impact of the rise of unmanned vehicles: aerial, land and water based, and on the use of inertial sensors. The unprecedented rise in unmanned vehicles across various applications in both civilian and defense applications has increased the need for complex navigational systems that include inertial sensors. The rapid advancement in technology has made sensors both accessible and affordable which has made their use abundant in day-to-day devices.
An extensive overview of the different grades of inertial sensors: navigational, tactical, industrial and automotive is also given. The key differences among them are explained and their market based on application is provided. Defense industry takes the major share of the market with applications like missile guidance, control and targeting, precision guided munitions, tank turret stabilization and torpedo guidance. The other primary industries where these systems are used are industrial manufacturing, energy and infrastructure, transportation and aviation.
An analysis of the key players in the market has been provided with an outlook on the competitive landscape and an insightful outlook for the investors.
Key Deliverables in the Study