High performance inertial sensing is a system which measures velocity, gravitational force and orientation of a moving object. It is used in airplanes, missiles, drones, ships and underwater vehicles. In the defense & aerospace sectors, the use of Inertial Measurement Units (IMUs) and other systems based on high-performance gyroscopes has been widespread for navigation, flight control or stabilization functions. Other industries such as healthcare, automotive, transportation and consumer electronics use high performance inertial sensing to integrate new functionalities at low cost areas such as MEMS (Micro-Electro-Mechanical Systems) accelerometer and gyroscope. Global high performance inertial sensing market was valued at a revenue of $XXm in 2015 and is estimated to reach $XXm in 2022 with an anticipated growth at a CAGR of XX% during 2017-2022.
The Inertial Sensing Systems market has been classified according to the types and the end-user industry applications, while the inertial components such as accelerometers and gyroscopes have been segmented on the basis of components. The Inertial Sensing Systems have been classified into three key systems: Inertial Navigation System (INS), Attitude & Heading Reference System (AHRS) and Inertial Measurement unit (IMU) while its end-user industry has been broadly segmented into following sectors: aviation, automobiles, consumer electronics, Defense, industrial/commercial, transport and unmanned systems.
Americas contribute to a major share of high performance inertial sensing market. It is followed by Europe and Asia-Pacific. The major factor which drives the growth of Americas is owing to competitive edge over the rest of the world in delivering the inertial sensing systems along with the presence of leading manufacturers in the region.
Major players in the high performance inertial sensing market are Analog Devices, Inc., Bosch Sensortec Gmbh, Colibrys (Switzerland) Ltd., Honeywell Aeropsace, Invensense Inc.