Global Industrial Inertial Systems Market - By Type (Gyroscopes, Accelerometers, Inertial Measurement Units, GPS INS, Multi Axis Sensors), Application, Geography, Trends, Forecast - (2017 - 2022)
The Global Industrial Inertial Systems Market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX.XX% during the forecast period of 2017 - 2022. The advancement of global lifestyle has resulted in the need for equipment with greater ease of use. This has enabled the use of motion sensing technology which uses inertial sensors extensively. This is a key driving factor to this market and will play an important role in defining the market for the next few years.
In oil and gas industry, exploration and survey are one of the most important works that a company does. Computers, with the help of industrial inertial sensors and other sensors, aid the exploration activity in the ocean. In the deep oceans, getting real-time measurements of various parameters is very important and is crucial to a company deciding if it wants to go ahead with the drilling in that region. Industrial inertial systems help the companies get data and take decisions on the findings it gets.
As oil and gas exploration is expanding into newer territories, the use of industrial inertial systems will keep increasing. 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. It segments the market by area of application with an in-depth analysis of every segment in each area. Aerospace, land-based, marine and subsea applications are explained with comprehensive market analysis of each segment.
The report delves into the impact of the rise of unmanned vehicles; aerial, land and water based, and 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 which has made their use abundant in day-to-day devices. 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.
The other primary industries where these systems are used are industrial manufacturing, energy and infrastructure, transportation and aviation. An analysis of the key players in the market has been provided with an outlook on the competitive landscape and an insightful outlook for the investors. DRIVERS The rapid rise of unmanned vehicles in both defense and civilian applications Technological advancement enabling more effective components at a smaller and lighter size Increasing applications based on motion sensing.
RESTRAINTS Integration drift error is a major concern in navigation systems Substantial increase in computing complexity Complex nature of integration in existing systems and need for ancillary components Key Deliverables in the Study Market analysis for the global industrial inertial systems market, with region-specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the global industrial inertial systems market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights into the major countries/regions where this industry is growing and also identify the regions that are still untapped.
Published By: Mordor Intelligence
Published Date: Q1 2017