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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