Market Trends of Tactical Inertial Systems Industry
This section covers the major market trends shaping the Tactical Inertial Systems market according to our research experts:
The Accelerometer Segment is Expected to Hold the Highest Market Share
- Traditional accelerometers were built on the principle of mechanical vibration. The principal components of an accelerometer are mass supported by springs. With the use of silicon-based products and miniaturization techniques, the accelerometer structure has shrunk rapidly.
- MEMS accelerometers sold in the current market scenario contain microscopic crystal structures with a mass attached to the top that gets stressed by accelerative forces, which causes a voltage to be generated.
- Over the years, low-g accelerators have gained traction for their applications. With the 3D MEMS technology, the companies offer accelerators assembled in a dual-in-line or dual-in-flat-line plastic package with pins for surface mount and re-flow soldering. They are environmentally protected with silicone gel, resulting in excellent performance and reliability in a humid environment and at temperature cycling.
- The rising military and defense expenditures worldwide also act as a critical driving force for the segment owing to the widespread use of accelerometers in this industry. For instance, accelerometers have been commonly used to measure explosions' power. They are also incorporated into soldier-worn and armored vehicle-mounted devices that can quantify the effects of explosive forces.
- Moreover, in March 2022, Honeywell launched a new accelerometer - its MV60 micro-electro-mechanical system (MEMS) - primarily designed for aerospace and defense but also has potential uses for industrial and marine applications that need high-precision, navigation-grade accelerometers that are small, lightweight and require little power to operate.
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Asia-Pacific Accounts for the Largest Market Share
- Asia-Pacific is the largest market for tactical inertial systems in the current market scenario. The large production volume in countries such as China, Japan, and India keeps a constant demand for tactical inertial systems in the region.
- In addition, this growth is due to increased investment in the defense sector from growing economies, such as India and China. The defense sectors in China and India are increasing the defense spending and procurement of advanced remotely operated vehicles for military applications.
- Also, in October last year, the Ministry of Defence, Government of India revealed plans to procure 106 Inertial Navigation Systems through Fast Track Procedure under Buy (Indian) category and sought participation in the procurement process from prospective. Such instances are also expected to provide significant growth momentum to the market.
- Moreover, many regional players are expanding their product line due to the market's huge growth potential. For instance, in November last year, Japan-based Seiko Epson Corporation expanded its lineup of inertial measurement units (IMU) equipped with high-performance six-axis sensors by adding a newly developed standard model called the M-G366PDG (M-G366) and a basic model called the M-G330PDG (M-G330).
- The M-G366 and M-G330 are expected to allow the users to select an accelerometer output range of either ±8 G or ±16 G. Additionally, they offer 0.05% non-linearity in all output ranges of the gyroscopic sensors, enabling accurate measurement of movements.
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