The Global Inertial Systems in Landbased Applications 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 . In recent times , unmanned land vehicles and automated manufacturing are witnessing a rapid growth . Tests are done for driverless cars and they will be a commonplace phenomenon in the next few years . With the increasing emphasis on workplace safety , the process of manufacture is being automated keeping motion sensing and control as the prime needs for the implementation of this technology . Inertial systems are an integral part of this revolution . They are being incorporated in our day-to-day devices to bring ease of usage with benefits of increasing reliability and stability .
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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 for everyday use .
The increasing modernization of weaponry with the advent of smart weapons and advanced tanks is also a key driver for the market since , inertial sensors are the major components incorporated in the control of these devices . The expenditure on defense and R & D is much higher than for civilian applications ; this is enabling rapid growth in this segment .
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An extensive overview of the different grades of inertial sensors ; Navigational , Tactical , Industrial and Automotive is given in this report . The key differences among them are explained . Additionally , the information about their market , based on application for a regional scenario is provided . Interestingly , 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 . Other primary industries using these systems are Industrial manufacturing , energy and infrastructure , and transportation . An analysis of the key players in the market is provided with an outlook on the competitive landscape and valuable insight for the investors .
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