The Global Industrial 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 .
In oil and gas industry , exploration and survey are one of the most important works that a company does . Computers , with the help of industrial inertial sensors and other sensors , aid the exploration activity in the ocean . In the deep oceans , getting real-time measurements of various parameters is very important and is crucial to a company deciding if it wants to go ahead with the drilling in that region . Industrial inertial systems help the companies get data and take decisions on the findings it gets . As oil and gas exploration is expanding into newer territories , the use of industrial inertial systems will keep increasing .
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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 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 , landbased , marine and subsea applications are explained with comprehensive market analysis of each segment .
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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