Inertial Sensors Market Sustaining Momentum: Industry Outlook, Size, And Growth Forecast 2030

Published: 2024-01-18
Views: 56
Author: manasi05
Published in: Business

Inertial Sensors Market Soars to New Heights

Driving Factors Igniting Market Surge

The surge in the adoption of inertial sensors in navigation, condition monitoring, and geo-engineering applications emerges as a major driving force behind the market's growth. Notably, there is a rising demand for inertial sensors in consumer electronics, including tablets and mobile phones, as well as an increased significance of Micro Electro-Mechanical Systems (MEMS) technology-based inertial sensors.

Inertial Sensors Market Scope:

This research on the Inertial Sensors industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Inertial Sensors utilizing internal and external private information, as well as relevant patent and regulatory sources. The competitive environment of the Inertial Sensors market is backed by an examination of the many elements that impact the market on a micro and granular level. Researchers in the Inertial Sensors sector generate predictions and projections and compute market forecasts by thoroughly reviewing historical data, current trends, and important company announcements.

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Inertial Sensors Market Segmentation:

by Type

• Attitude Heading and Reference Systems (AHRS)
• Inertial Navigation Systems/Inertial Navigation Units (INUs)
• Inertial Measurement Units (IMUs)

The market was dominated by the type of inertial navigation systems (INS)/inertial navigation units (INUs) in 2022, and this segment is expected to develop at a high rate of growth at a CAGR in the coming years. INS is an electronic navigation device that continuously measures the velocity, orientation, and position of moving objects using motion and rotation sensors like accelerometers and gyroscopes in conjunction with a computer. The expansion of the market is attributed to the increasing use of INS in a variety of applications, including mobile robots and vehicles like spacecraft, guided missiles, ships, submarines, and aircraft.

by Component

• Accelerometers
• Gyroscopes
• Encoders
• Magnetic Sensor
• GPS

by Industry

• Transport
• Agriculture
• Healthcare
• Consumer Electronics
• Military and Aerospace
• Others

According to industry, the consumer electronics segment is anticipated to grow quickly over the projection period, at a CAGR. The expansion of the market is attributed to inertial sensors, which are becoming more and more crucial parts of consumer electronics products like computers, laptops, digital cameras, MP3 players, game controllers, television remotes, and mobile phones. These sensors enable features that enhance the functionality of these devices. Furthermore, a spike in the use of inertial sensors to measure motion in fitness trackers, tablets, and smartphones as well as in many other wearable electronics is anticipated to drive market expansion in the next years.

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Key Players are:

This report provides market monitoring for a specific area of the client’s interest and provides up-to-date information on strategic initiatives such as mergers, acquisitions, partnerships, expansions, and product launches for leading companies on a regional scale for various industries or markets, depending on the client’s subscription period. A team of research professionals updates and amends our data on a regular basis to reflect the most recent trends and facts. To fulfil the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff use proprietary data sources as well as a range of additional approaches. The key players in the Inertial Sensors market.

• Atlantic Inertial Systems INC
• Advanced Navigation
• Epson Electronics America, Inc
• Bosch Group GmbH
• IXBLUE
• Heidenhain Corporation
• VectorNav Technologies
• Freescale Semiconductors
• Shanghai Maixun Hangyi Inertia Technology Co., Ltd
• ST Microelectronics
• Systron Donner Inertial
• Parker Hannifin Corp
• First Sensor AG
• Xsens
• EMCORE Corporation
• SBG Systems
• Northrop Grumman Corporation
• Safran Electronics & Defense
• Thales Group
• Inertial Labs

Regional Analysis:

North America (including the United States, Canada, and Mexico), Europe (including Germany, France, the United Kingdom, Russia, and Italy), Asia-Pacific (including China, Japan, Korea, India, and Southeast Asia), South America (including Brazil, Argentina, and Colombia), the Middle East, and Africa have all been studied (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.

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Key Questions Answered in the Inertial Sensors Market Report are:

• What are the new competitive developments in the Inertial Sensors market?
• What is the market size, and share of Inertial Sensors?
• How can I get sample reports/company profiles of the Inertial Sensors market?
• Who are the potential customers of the Inertial Sensors market?
• Which are the leading players in the Inertial Sensors market?
• How can I get company profiles on the top ten players of the Inertial Sensors market?
• Which region is and will provide more business opportunities for Inertial Sensors in the future?
• Who are the service providers of the Inertial Sensors industry?
• What are the key growth strategies of Inertial Sensors industry players?

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