Inertial Sensors Market Shipment, Growth, Revenue, and key Vendor forecast to 2022

Global inertial sensors market is expected to grow at a very fast pace over the forecast period. Inertial sensors are diminished electromechanical devices, which are creating a new paradigm shift in the designs of mechanical systems, and devices. High precision, compact size, and affordability of inertial sensors allow diminishing the sizes of target devices during their implementation in several segments. Myriad applications include aerospace, consumer electronics, automotive and marine electronics. These applications use these discrete inertial sensors such as gyroscopes and accelerometers.

Inertial sensors are utilized for measuring the velocity alterations in devices. The advancements of the accelerometers in a single chip structure area enabled owing to the new innovative technologies. These accelerometers in single chip offer a remarkable reduction in cost and functional enhancements. The use of inertial sensors in consumer electronics is possible on account of several factors such as low cost, low power consumption, and small size.

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The major factor driving the global inertial sensor market is the point that these sensors lessen the issue of space utilization in tablets and smartphones. Moreover, easy plug and play feature allows convenient integration into devices. Accelerometers coupled with gyroscopes give formation to combination sensors, also called as inertial measurement units (IMU). These are gradually being adopted for total detection of motion.

Gyroscopes have also experienced developments in technology, which gave rise to a decrease in costs and increased adoption in consumer electronics. Gyroscopes are utilized for calculating orientation and rotation, in compasses, aircraft, and computer pointing devices. They are also being utilized in a wide pool of consumer electronic devices. Cameras, controllers of video games and smartphones have also started implementing gyroscopes. The consumer electronic devices are drifting from discrete inertial sensors to combo inertial sensors.

Components of inertial sensors such as accelerometers, encoders, gyroscopes and GPS. These components are applied to various prime end products including Inertial Navigation Systems (INUs) and Inertial Measurement Units (IMUs). The global inertial sensor market demand is growing steadily all over the world. Developments in the tools used for manufacturing the inertial sensors make it even more affordable and cheaper and reduces the overall margin for error tremendously. These sensors are also capable of functioning underwater. This has opened up its market in navy and increased its commercial market for water navigation. The increased production of global inertial sensor market by the major companies including Kongsberg and Trimble have assisted in meeting the global competition and demand.

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The global inertial sensors markets have been segmented on the basis of its type. It includes Inertial Navigation Systems or Inertial Navigation Units (INUs), Inertial Measurement Units (IMUs) and Altitude Heading and Reference Systems (AHRS). The applications of global inertial sensors include agriculture, devices &machinery (commercial), navy & military (defense), transport, healthcare, air force, and aerospace.

In the recent past, Asia-Pacific accounted for the largest market segment of the global inertial sensors market. This increase in demand was sustained by the dominance of the region electronic goods, digitalizing lifestyles, growing demand for electronic equipment and rapidly increasing domestic consumer electronics industry. Asia Pacific is also projected to witness the highest rate of growth over the next seven years. Factors such as increased disposable income levels and growing population also increase the demand in the region. Manufacturing activities being outsourced along with the low cost associated with it is also anticipated to increase the demand for inertial sensors in Asia Pacific. The manufacturing sector of China has undergone a tremendous boost. Adding to it, there is a huge appetite for high-quality machine tools. These factors are expected to fuel the growth of the region over the forecast period.

Industry participants are investing in research & developments to come up with innovative production techniques to cater to the existing hindrances in the market. Major industry participants include Analog devices Inc., Epson Electronics America Inc., Freescale Semiconductor Inc., Kionix Inc., MEMSIC Inc., STMicroelectronics N.V., Alps Electric Co. Ltd., Bosch Sensortec GmbH, Fairchild Semiconductor International Inc., InvenSense Inc., Maxim Integrated Products Inc., Panasonic Corporation, Colibrys Ltd., Honeywell Aerospace, Ixblue Sas, Kearfott Corporation, Kvh Industries Inc., Meggitt Plc, Northrop Grumman Corporation, Safran Group, and Utc Aerospace Systems.