Global High-end Inertial Systems Market - Growth, Trends, and Forecast (2018 - 2023)

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Global High-end Inertial Systems Market - Growth, Trends, and Forecast (2018 - 2023)

"The global high-end inertial systems market was valued at USD 3 billion in 2017, and is expected to reach USD 4.12 billion by 2023, registering a CAGR of 5.42%, over the forecast period (2018-2023). High-end inertial systems comprise high-performance variants of accelerometers, gyroscopes, and multi-axes integrated systems like inertial measurement units (IMU). IMUs consist of a combination of accelerometers, gyroscopes, magnetometers, and processing units. High-end inertial systems can be differentiated based on grade using performance metrics and end-user applications. Low-grade applications include commercial grade systems, such as video games, smartphones, and portable devices, while the high-grade applications include military, defense, and navigation units that need high accuracy and performance. MEMS technology has played a major role in expanding the application base for high-end inertial systems by scaling down the size and power consumption of these devices, without compromising on their performance metrics. The overall market outlook has been fairly positive, and technological innovations in fabrication and micro-machining are expected to drive the growth in this sector.

Emergence of MEMS Technology is Driving the Market

MEMS technology has brought about a paradigm shift in the evolution of high-end inertial systems. The traditional range of inertial systems was burdened by high costs and sizes. However, MEMS techniques have been able to reduce the size, power consumption, and costs of these systems considerably by increasing the surface volume density. MEMS IMUs are being fabricated on planar substrates, leading to a marginal decrease in sizes and costs.

MEMS-driven IMUs have numerous applications ranging from defense to new commercial and industrial applications. The cost of commercial-grade MEMS IMUs has fallen considerably due to plunging component costs and increased competition in the industry. However, these devices remain elusive to small and medium scale companies. MEMS technology is expected to drive the next wave of innovations in inertial systems. Several companies have been focusing on their R&D operations to design MEMS units with enhanced capabilities. The large scale adoption of inertial systems depends heavily on MEMS systems.

Navigation High-end Accelerometers Occupy the Largest Market Share

High-end accelerometers for navigational grade applications comprise guidance systems, range finding devices, aeronautics, and stabilization units. Conventional guidance systems operate within a working range of 5 g, with a bias stability range of 6-20 mg. On the other hand, aeronautics navigational systems operate with a greater working range of 2-15 g, with a bias stability of around 1 mg. High-end accelerometers are also deployed in stabilization systems with a working range of 2 g and a bias stability of less than 2 mg.

Navigation grade applications for MEMS accelerometer can be found in bogie monitoring, speed control, tilt control, and positioning monitoring systems employed in tactical and commercial transport units. They are also increasingly used in shock monitoring and train positioning systems. In the field of aviation, accelerometers are widely used as a part of inertial navigation systems, such as AHRS, to offer greater performance and stability. As stated earlier, the configuration of accelerometers in high-end IMUs acts as a differentiating factor in high-end IMUs.

North America Accounts for the Largest Market Share

North America held the highest share of both high-end IMU and accelerometers in 2017. The primary demand for high-end inertial systems is observed in the maritime sector and the aircraft industry, for both commercial and defense purposes. The United States allocates the maximum budget for defense spending. Nonetheless, the decrease in military spending is expected to be off-set by steady growth in aerospace and land-based applications in the United States. A strong increase in the production of helicopters and commercial aircrafts drives the market for high-end inertial systems. The huge aerospace industry of the United States exports more than 60% of the total aerospace production. Many foreign firms are attracted to the United States aerospace market as it is the largest in the world, employing a skilled and hospitable workforce, with diverse offerings and extensive distribution systems.

Key Developments in the Market

• January 2018 - Bosch Sensortec announced the launch of Inertial Measurement Unit (IMU) designed for drone and robotics applications. BMI088 IMU features a gyroscope from the company’s automotive sector.

• December 2017 - Honeywell Aerospace launched pinpoint navigation accuracy for new industries. The company’s experience in A&D navigation translates into a reliable and easy-to-install technology for new commercial markets.


Reasons to Purchase the Report

• To know how emergence of MEMS technology will act as a driver for the global market scenario
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Automotive application is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs."

"1. Introduction

1.1 Study Deliverables

1.2 Key Findings of The Study

1.3 Research Methodology

2. Executive Summary

3. Market Dynamics

3.1 Market Overview

3.2 Drivers

3.2.1 Emergence of MEMS Technology

3.2.2 Inclination of Growth towards Defense and Aerospace

3.2.3 Technological Advancements in Navigation Systems

3.3 Restraints

3.3.1 Operational Complexity Coupled With High Maintenance Costs

3.4 Industry Value Chain Analysis

3.5 Porters Five Force Analysis

3.5.1 Threat of New Entrants

3.5.2 Bargaining Power of Consumers

3.5.3 Bargaining Power of Suppliers

3.5.4 Threat of Substitute Products and Services

3.5.5 Intensity of Competitive Rivalry

4. Technology Snapshot

5. Global High-End Inertial Systems \u2013 Market Segmentation

5.1 High-End Inertial Measurement Units (IMUS)

5.1.1 Introduction

5.1.2 Segmentation - Application By Performance (Based On Bias Stability - \u00b0\/h) Industrial Applications Defence (0.0001 \u2013 0.01 \u00b0\/h) Aerospace Land\/ Naval (Differential \u00b0\/h)

5.2 High-End Accelerometers

5.2.1 Segmentation by Grade & Performance Range Tactical Navigation \u2013 (0.001-0.025 mg) Industrial and Mining\u2013 (0.9-3 mgs) Automotive- (> 50 mgs)

5.3 High-End Gyroscopes

5.3.1 Segmentation by Performance Navigation Tactical Industrial Automotive

5.4 By Region

5.4.1 North America U.S. Canada

5.4.2 Europe U.K France Germany Russia others

5.4.3 Asia Pacific China Japan India others

5.4.4 Latin America Brazil Argentina Mexico others

5.4.5 Middle East and Africa Saudi Arabia UAE Iran South Africa others

6. Competitive Intelligence - Company Profiles

6.1 Honeywell Aerospace Inc

6.2 Northrop Grumman Corporation

6.3 Bosch Sensortec GmbH

6.4 Analog Devices Inc.

6.5 Thales Group

6.6 Rockwell Collins Inc.

6.7 Moog Inc.

6.8 Fairchild Semiconductor

6.9 VectorNav Technologies

6.10 STMicroelectronics NV

6.11 Safran Group (SAGEM)

7. Investment Analysis

7.1 Recent Mergers & Acquisitions

7.2 Investment Scenario & Opportunities

8. Future of High-End Inertial Systems Market"

Global High-end Inertial Systems Market - Growth, Trends, and Forecast (2018 - 2023)