The Global Automotive 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.
Inertial sensors are being extensively used in the automobile market. They are mainly used to increase the safety features, improve performance and reduce cost, such as in ABS, airbag deployment, helping the stability of the vehicle, anti-theft, etc. The efficiency, reliability and the speed with which inertial systems work has been recognized by the car manufacturers and hence the use of the inertial systems in automobiles is increasing. And with more than 87 million motor vehicles produced in 2013, there is a huge demand for the inertial systems in this industry. 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 of 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.
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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.
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