
Inertial System Market by Component (Accelerometers, Encoders, GPS), Type (Attitude Heading & Reference Systems (AHRS), Inertial Measurement Units (IMUs), Inertial Navigation Systems/Inertial Navigation Units (INUs)), Application - Global Forecast 2024-20
Description
Inertial System Market by Component (Accelerometers, Encoders, GPS), Type (Attitude Heading & Reference Systems (AHRS), Inertial Measurement Units (IMUs), Inertial Navigation Systems/Inertial Navigation Units (INUs)), Application - Global Forecast 2024-2030
The Inertial System Market size was estimated at USD 2.55 billion in 2023 and expected to reach USD 2.88 billion in 2024, at a CAGR 12.27% to reach USD 5.75 billion by 2030.
An inertial system comprises various types of devices and technologies that leverage the principles of inertia to measure & maintain position, orientation, and velocity. These systems include accelerometers, gyroscopes, inertial measurement units, and more advanced solutions such as inertial navigation systems and attitude heading reference systems. Technological advancements in microelectromechanical systems (MEMS) have enabled miniaturization and cost reduction in inertial sensors while maintaining high-performance levels. This has resulted in an increased adoption rate of these devices across a wide array of applications. The growing demand for unmanned vehicles, such as drones and self-driving cars, has necessitated the use of sophisticated inertial navigation systems. The growing demand for unmanned vehicles, such as drones and self-driving cars, has necessitated the use of sophisticated inertial navigation systems. The vulnerability of these systems to measurement errors caused by environmental factors including temperature changes, mechanical vibrations, and magnetic disturbances limits the adoption of inertial systems. Furthermore, high-end inertial systems that offer improved performance typically come at a higher cost, which may deter potential customers from adopting them. The increasing interest in space exploration presents new opportunities for businesses engaged in developing highly accurate and reliable inertial guidance systems for spacecraft. Moreover, the continued advancement and proliferation of IoT-enabled smart devices create opportunities for companies involved in developing compact and energy-efficient inertial measurement units that can be integrated into wearable technology products.
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Table of Contents
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. The growing number of commercial and military aircrafts
- 5.1.1.2. Need to improve road safety and prevent traffic accidents
- 5.1.1.3. Increasing adoption of mobile robotics and automation
- 5.1.2. Restraints
- 5.1.2.1. High cost of installation and maintenance
- 5.1.3. Opportunities
- 5.1.3.1. Development of inertial systems for launch vehicles used in space programs
- 5.1.3.2. Utilization of AI in inertial navigation and sensing
- 5.1.4. Challenges
- 5.1.4.1. Technological limitations and the possibility of navigational errors
- 5.2. Market Segmentation Analysis
- 5.2.1. Component: Ongoing advancements in global positioning system catering to various application demands
- 5.2.2. Type: Increasing preference for attitude heading & reference systems due to its increased reliability and reduced maintenance requirements
- 5.2.3. Application: Expanding applications of inertial system in automotive industry to enhance vehicle security
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Inertial System Market, by Component
- 6.1. Introduction
- 6.2. Accelerometers
- 6.3. Encoders
- 6.4. GPS
- 6.5. Gyroscopes
- 6.6. Magnetometer
- 7. Inertial System Market, by Type
- 7.1. Introduction
- 7.2. Attitude Heading & Reference Systems (AHRS)
- 7.3. Inertial Measurement Units (IMUs)
- 7.4. Inertial Navigation Systems/Inertial Navigation Units (INUs)
- 8. Inertial System Market, by Application
- 8.1. Introduction
- 8.2. Aerospace & Defense
- 8.3. Automotive
- 8.4. Consumer Electronics
- 8.5. Energy Infrastructure
- 8.6. Industrial
- 8.7. Land & Transportation
- 8.8. Medical
- 9. Americas Inertial System Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Inertial System Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Inertial System Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Honeywell, Civitanavi Systems Launch New Inertial Measurement Units
- 12.3.2. Epson Expands Its Lineup of G-series IMUs with the Development of M-G366PDG and M-G330PDG
- 12.3.3. Collins Aerospace awarded UK program to develop inertial sensor for future weapons platforms
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
- FIGURE 1. INERTIAL SYSTEM MARKET RESEARCH PROCESS
- FIGURE 2. INERTIAL SYSTEM MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL INERTIAL SYSTEM MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL INERTIAL SYSTEM MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL INERTIAL SYSTEM MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. INERTIAL SYSTEM MARKET DYNAMICS
- FIGURE 7. GLOBAL INERTIAL SYSTEM MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL INERTIAL SYSTEM MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL INERTIAL SYSTEM MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL INERTIAL SYSTEM MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL INERTIAL SYSTEM MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL INERTIAL SYSTEM MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS INERTIAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS INERTIAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES INERTIAL SYSTEM MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES INERTIAL SYSTEM MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC INERTIAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC INERTIAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA INERTIAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA INERTIAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. INERTIAL SYSTEM MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 22. INERTIAL SYSTEM MARKET, FPNV POSITIONING MATRIX, 2023
Pricing
Currency Rates