DUBLIN — (BUSINESS WIRE) — January 6, 2015 — Research and Markets ( http://www.researchandmarkets.com/research/2pblw2/global_inertial) has announced the addition of the "Global Inertial Sensors Market (2013 - 2018) - By Type (IMUs, INS & AHRS); Components (Accelerometer, Gyroscope, GPS, Magnetometer); Applications (Aerospace, Military & Defense)" report to their offering.
The global market is expected to grow at 10.5% CAGR for the next 5 years. The current market size of around $6.2bn is expected to increase to $8.5bn by 2018.
The Inertial sensor uses multiple components like gyroscopes, accelerometers, GPS and encoders. Events and changes in the inertial sensor market hence directly affect all the above markets.
Inertial measurement units (IMUs), Inertial Navigation Systems (INUs) are the primary end products where these components are used. The demand for Inertial Sensor is growing at a steady pace across the globe. Advancements in the equipment used in making Inertial Sensors made it cheaper, affordable and margin for error has been minimized significantly. Its ability to work underwater has given it a market in Navy and has grown its commercial market in water navigation. The major players like Trimble and Kongsberg are increasing the production of Inertial Sensors to meet the demand and competition.
The rapid growth in the Inertial Sensor market has a direct impact on the market of its components like accelerometers, gyroscopes, GPS and encoders. The Inertial MEMS market has forecast of 8-10% CAGR in the next 5 years. Accelerometer and gyroscope market investments are growing at a very fast pace due to increase in the demand for the Inertial Sensors. The potential market growth for GPS is between 4-6% between the same period.
Key Topics Covered:
1 Inertial Sensing System And Its Components-Market Overview
2 Inertial Sensing Systems & Its Components-Executive Summary
3 Inertial Sensing System & Its Components-Market Landscape
4 Global Inertial Sensing Systems & Its Components-Market Forces
5 Global Inertial Sensing Systems & Its Components-Strategic Analysis
6 Global Inertial Sensing Systems & Its Components Market-By Components
7 Global Inertial Sensing Systems & Its Components Market-By Systems
8 Global Inertial Sensing Systems & Its Components Market,By End-User Industry
9 Geographic Analysis
10 Company Profiles
- Analog Devices, Inc.
- Bosch Sensortec Gmbh
- Colibrys (Switzerland) Ltd.
- Honeywell Aeropsace
- Invensense Inc.
- Ixblue Sas
- Kearfott Corporation
- Kvh Industries, Inc.
- Meggitt Plc
- Northrop Grumman Corporation
- Safran Group
- Stmicroelectronics N.V.
- Silicon Sensing Systems Ltd.
- Utc Aerospace Systems
For more information visit http://www.researchandmarkets.com/research/2pblw2/global_inertial
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