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Inertial Sensors Market - Advancement in Technology and New Inventions Accelerates Growth

06-14-2018 10:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Advancement in technology and new inventions have largely contributed to the steady growth of the global inertial sensors market. Taking into account the size, share, growth, and development of the overall market, the research report analyses the numerous segments and provides sharp insight on the same. The inertial sensors industry is highly diversified and fragmented and each section has been scrutinized to identify the trends, top performing segments, opportunities, barriers, and drivers during the forecast period of 2012 to 2018.

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On the basis of type, the market for inertial sensors can be segmented into Attitude Heading and Reference Systems (AHRS), Inertial Navigation Systems/Inertial Navigation Units (INUs), and Inertial Measurement Units (IMUs). The various components of inertial sensors include accelerometers, gyroscopes, encoders, magnetic sensor, and GPS. The sensors have a wide range of applications across numerous commercial and noncommercial sectors such as transport, agriculture, healthcare, devices and machinery (commercial), air force, navy and military (defense), and aerospace.

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Being small, accurate and affordable, the market for inertial sensors has grown at a substantial pace. Their growing use in consumer electronics has significantly impacted the growth. Devices such as tablets, mobile phones, gaming stations, remote controls, and laptops use a combination of accelerometers, magnetometers, and gyroscopes.

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Growing awareness regarding personal health and rising popularity of healthcare devices such as pacemakers and patient monitoring devices has led to increased demand for inertial sensors in medicine. In motor vehicles, the sensors are used in car safety systems, and the booming global automotive industry has had a direct impact on the demand for sensors.

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