The advancement of global lifestyle has resulted in the need for equipment with greater ease of usage. This has enabled the use of motion sensing technology, which extensively uses inertial sensors. This technology has become a key driving factor in this market. Additionally, it is expected to continue to play an important role in defining the trend for the next few years.
An inertial navigation system is used at a massive scale in the fields of aerospace and defense sector. It combines various sensors like gyroscopes, accelerometers and computers to analyze the information and give the accurate estimates of position, velocity and other parameters of a body in motion, without any external reference. They are used in spacecraft, guided missiles, submarines, etc.
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. The report segments the market by area of application with an in-depth analysis of every segment in each area. Fields like aerospace, land-based, marine and subsea applications are explained with comprehensive market analysis for each segment.
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.
An extensive overview of the different grades of inertial sensors like navigational, tactical, industrial and automotive is given in this report. 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. Additionally, the other primary industries where these systems are used include industrial manufacturing, energy & infrastructure, transportation and aviation. An analysis of the key players in the market is provided with an outlook on the competitive landscape. Moreover, the report contains valuable insights for the investors.
Key Deliverables in the Study