Transportation Inertial Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.28 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Transportation Inertial Systems Market Analysis
The Global Inertial Systems Market in the Transportation Market is expected to grow at the highest CAGR of 11.28% during the forecast period. Inertial sensors are being used increasingly in the transportation market. They are being used to increase safety features, improve performance, and reduce cost. They are being used in ABS, airbag deployment, helping the stability of the vehicle, anti-theft, and many other features.
Inertial systems comprise IMUs in combination with high-performance sensors (gyroscopes, magnetometers, and accelerometers) to provide high-accuracy information about the surrounding environment through relative movement. The powerful combination of IMUs with other onboard sensors produces critical data increasing the reliability of the vehicles and leading to new automation breakthroughs in automotive applications.
- Inertial sensors are being used increasingly in the transportation market. They are being used by automotive companies to increase safety features, improve performance, and reduce the cost of their vehicles. They are being used in ABS, airbag deployment, helping the stability of the vehicle, anti-theft, and many other features.
- The IMUs are used in a multitude of automotive applications as well as for the latest ADAS functioning for autonomous driving. It helps to fill the gap in GPS while the vehicle moves towards the blind spot and when LiDAR functionality struggles in a snowstorm.
- Moreover, owing to the high resonance frequency of over 25 kHz in IMU along with the closed driving and evaluation unit, it provides a high barrier to mechanical interference. The inertial measuring unit (IMU) has gained popularity for the application of contributing to active and passive safety systems such as ESP (Electronic Stability Control Program), airbag control unit, and driver assistance systems like the adaptive cruise control. This enhances the offset performance with an integrated microcontroller.
- On the contrary, companies with strong financials are also focusing on product enhancements and strategic acquisitions to gain more market share and significant control over the supply chain. For instance, Honeywell launched the HGuide i300, which is a high-performance MEMS-based Inertial Measurement Unit (IMU) designed to meet the needs of applications across various markets, including transportation, UAVs, and UGVs. With industry-standard communication interfaces and a wide-input voltage range, the HGuide i300 can be easily integrated into a variety of architectures. The small size, lightweight, and low power make the HGuide i300 ideal for many applications.
Transportation Inertial Systems Market Trends
This section covers the major market trends shaping the Transportation Inertial Systems Market according to our research experts:
Rise in Demand for Automotive MEMS in the Market
- A growing population of car owners is looking for enhanced vehicle features for better safety, comfort, and stability within cars. This is the major growth driver of the MEMS market. Moreover, the governments are imposing stringent regulations towards the standards for vehicle fuel efficiency and emission standards. As a result, major players in the automotive market are increasingly striving to meet the standards through the adoption of MEMS, thereby escalating the demand for automotive MEMS in the market.
- MEMS are increasingly being used in various applications, such as parking brakes sensing, anti-theft sensing, efficient engine management, tire pressure sensing, rollover & skidding detection, efficient engine management, and many more.
- The emergence of micro-electromechanical systems (MEMS) technology resulted in the miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors, with the help of micro-fabrication and micro-machining techniques. Hence, MEMS has now become an important part of several automation components in Level 1, 2, and 3 autonomous cars, boosting demand for inertial systems from the automotive sector significantly.
- According to the World Health Organization, globally, approximately 1.35 million people are killed in road accidents every year. Moreover, between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as the result of their injury. MEMS accelerometers play an important role in improving the safety features of vehicles.
Asia Pacific to Register a Significant Growth
- The Asia Pacific region is a significant market for Inertial Systems Market in Transportation in the current market scenario. Huge volume production in countries such as China, Japan, and India keeps a constant demand for inertial systems in the region. However, in recent times, sales of the new vehicle in certain parts of the region have been sluggish. The witnessed a decrease in car sales across various economies due to COVID-19 Outbreak.
- For instance, according to the OICA, In 2020, it was estimated that about 32 million passenger cars were sold within the Asia Pacific region, including the Middle East, of which 20.18 million were sold in China. Comparatively, it was also estimated that approximately 35.36 million passenger cars were sold in the Asia Pacific region in 2016.
- Further, Electric vehicles (EVs) are projected to gain popularity with Chinese car owners this year, as new designs with improved performance offset a government cut in price subsidies. According to Roland Berger, China leads the way in terms of industry, producing the largest number of xEVs and battery cells. Battery Electric Vehicles (BEV) accounted for the vast majority of the new energy passenger vehicle sales in China. The Chinese government sees EVs as an opportunity for China to compete and become a major car manufacturer.
- Furthermore, the electric vehicle market is gaining momentum in India owing to the ambitious plans and initiatives of the government. Public authorities in India have made several electric vehicle-related policy announcements over the past few years, showing strong commitment, concrete action, and significant ambition for the deployment of electric vehicles in the country.
Transportation Inertial Systems Industry Overview
The Inertial Systems Market in Transportation is moderately competitive and consists of a few major players. In terms of market share, some of the players currently dominate the market. However, with the advancement in sensor technology across the inertial systems, new players are increasing their market presence, thereby expanding their business footprint across the emerging economies.
- April 2021- ACEINNA, a developer of inertial-based guidance and navigation systems for autonomous vehicles and devices, announced the commercial availability of OpenARC, a precise positioning hardware and software platform that offers system integration of GNSS corrections with high-performance INS and RTK hardware. OpenARC is powered by Point One Navigation, a provider delivering precise positioning for the next generation of transportation.
- March 2020 - Teledyne Marine, which engages in subsea visualization technology and unmanned marine vehicles, announced today that it had released a new unmanned survey vessel, the TELEDYNE Z-BOATTM 1800-T. The survey vessel will be equipped with Trimble's high-precision GNSS heading receiver. It is compatible with Trimble Marine Construction (TMC) software, enabling marine construction/dredging projects to run efficiently and be monitored in real-time anywhere in the world.
Transportation Inertial Systems Market Leaders
Analog Devices, Inc.
Bosch Sensortec GmbH
Honeywell International Inc.
ST Microelectronics
InvenSense Inc.
*Disclaimer: Major Players sorted in no particular order
Transportation Inertial Systems Market News
- January 2021- Honeywell, with funding from the U.S. Defense Advanced Research Projects Agency (DARPA), is creating the next generation of inertial sensor technology that will be used in both commercial and defense navigation applications. Recently, Honeywell labs have shown the new sensors to be greater than an order of magnitude more accurate than Honeywell's HG1930 inertial measurement unit (IMU) product, a tactical-grade product with more than 150,000 units currently in use.
- December 2021 - Inertial Labs has acquired Memsense, a developer of inertial measurement units (IMUs) and a long-time business partner. Inertial Labs is a developer and supplier of orientation, inertial navigation, and optically enhanced sensor modules. The company expects to introduce breakthrough technologies at an accelerated pace across high-value areas such as autonomous vehicles, GPS-denied navigation, industrial machines, and aerospace and defense.
Transportation Inertial Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHT
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Emergence of MEMS Technology
5.1.2 Rapid Rise of Unmanned Vehicles in Both Defense and Civilian Applications
5.2 Market Restraints
5.2.1 Integration Drift Error is a Major Concern in Navigation Systems
6. MARKET SEGMENTATION
6.1 Component
6.1.1 Accelerometer
6.1.2 Gyroscope
6.1.3 Inertial Measurement Systems (IMU)
6.1.4 Inertial Navigation Systems (INS)
6.1.5 Other Components
6.2 Geography
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Analog Devices Inc.
7.1.2 Bosch Sensortec GmbH
7.1.3 Safran Group
7.1.4 Honeywell International Inc.
7.1.5 Invensense Inc.
7.1.6 Ixbluesas
7.1.7 Kearfott Corporation
7.1.8 KVH Industries Inc.
7.1.9 Meggitt PLC
7.1.10 Northrop Grumman Corporation
7.1.11 ST Microelectronics
7.1.12 Silicon Sensing Systems Ltd.
7.1.13 UTC Aerospace Systems
7.1.14 Rockwell Collins
7.1.15 Vector NAV
7.1.16 Thames Group
7.1.17 Epson Europe Electronics
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Transportation Inertial Systems Industry Segmentation
The report estimates Inertial Systems Market in Transportation market growth also gives an analysis of the competitive landscape of the leading players. The scope of this report is limited to the type of products offered by leading vendors, such as MEMS, sensors, to the type of components being used in the products, such as accelerometers, gyroscopes, IMUs, and to the type of applications for which inertial systems in transportation are used, such as navigation, infotainment, and telematics, active and passive safety, theft detection, motion detection, skid and stability control, among others.
The report delves into the impact of the rising of unmanned vehicles; Aerial, land, and Water-based, 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, which include inertial sensors. The rapid advancement in technology has made sensors both accessible and affordable, making their use abundant in day-to-day devices.
| Component | |
| Accelerometer | |
| Gyroscope | |
| Inertial Measurement Systems (IMU) | |
| Inertial Navigation Systems (INS) | |
| Other Components |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Transportation Inertial Systems Market Research FAQs
What is the current Transportation Inertial Systems Market size?
The Transportation Inertial Systems Market is projected to register a CAGR of 11.28% during the forecast period (2024-2029)
Who are the key players in Transportation Inertial Systems Market?
Analog Devices, Inc., Bosch Sensortec GmbH, Honeywell International Inc., ST Microelectronics and InvenSense Inc. are the major companies operating in the Transportation Inertial Systems Market.
Which is the fastest growing region in Transportation Inertial Systems Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Transportation Inertial Systems Market?
In 2024, the Asia-Pacific accounts for the largest market share in Transportation Inertial Systems Market.
What years does this Transportation Inertial Systems Market cover?
The report covers the Transportation Inertial Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Transportation Inertial Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Inertial Systems in Transportation Industry Report
Statistics for the 2024 Inertial Systems in Transportation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Inertial Systems in Transportation analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
