Global Inertial Systems Market in Industrial OEM Applications - By Equipment (Gyroscopes, Accelerometers, Inertial Measurement Units, GPS INS, Multi Axis Sensors), Grade (Navigational, Tactical, Industrial, Automotive), Geography, Trends, Forecast - (2017 - 2022)
The Global Inertial Systems Market in Industrial OEM Applications is valued at USD 1.24 billion in 2016 and is expected to reach a value of USD 3.19 billion by the end of 2022, growing at a projected CAGR of 15.6% during the forecast period of 2017 - 2022. These days in industries like automobile, ship building, aircraft production to small circuit board production robots and machines are used. The usage has been increased in some years because of the increase of efficiency and speed with which they work.
It also saves lot money by reducing the human labour. Inertial Systems are crucial to this robots and machines to help them get their orientation and velocity properly while doing the work. As the machine use in industries keeps increasing, the market for inertial system will also increase in this domain. 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 2014-2020 has been given in this report.
Inertial systems are used in robotics applications such as Automated Group Vehicles (AGV) and warehouse forklifts to provide bias stability, repeatability and a wide bandwidth. The advancement of global lifestyle has resulted in need for equipment with greater ease of use. This is enabled by 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. An extensive overview of the different grades of inertial sensors; Navigational, Tactical, Industrial and Automotive is also given. The key differences among them are explained and their market based on application is provided on a regional basis. 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.
What the Report Offers:
1.Market Definition for the Inertial Systems Market along with identification of key drivers and restraints for the market.
2.Market analysis for the Inertial Systems Market with region and country specific assessments and competition analysis on a global and regional scale.
3.Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4.Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5.Identification and analysis of the Macro and Micro factors that affect the Inertial Systems Market on both global and regional scale.
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Published By: Mordor Intelligence
Published Date: Q1 2017