Inertial Sensing Systems Market Inertial Sensing Systems Market | Page 8

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KEY MARKET INSIGHTS
 The current market size of around $6.2bn is expected to cross to $10bn by 2020
 Aerospace, Defense and commercial sector investments are helping the Inertial Sensor market
grow rapidly
 The technology advancements are making the Inertial Sensor affordable, compact and accurate
encouraging new players to invest in the market
 Newer technologies like Laser Gyros, Fiber optic gyros and TIMU Sensors makes it cheaper and
more efficient to use Inertial Sensors
 Inertial Sensor market growth is expected to grow with 10-12% CAGR in between 2014-2020
 Key companies like Trimble and Kongsberg are showing a 7.5% annual growth rate consistently
 The rapid growth in the Inertial Sensor market has a direct impact on the market
 Inertial MEMS such as gyroscopes and accelerometers are expected to grow to $726.1m by 2018