Market Size of Inertial Systems Industry in Transportation
| 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.
