Future Outlook of Automotive Inertial Systems Market Poised to Achieve CAGR of 6.70% by 2023 –Analog Devices, Bosch Sensortec GmbH, Epson Europe Electronics, Honeywell, Invensense, iXBlue SAS, Kearfott

Marketprognosis.com Publish a New Market Research Report On “Global Automotive Inertial Systems Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Automotive Inertial Systems Market:

The Global Automotive Inertial Systems Market is expected to register a CAGR of 6.70% over the forecast period of 2018 - 2023.

The scope of the report is limited to the type, component, its applications, and the industries making use of it. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, and the rest of the world.

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The advancement of global lifestyle has resulted in the need for equipment with greater ease of use. This has enabled the use of motion-sensing technology, which uses inertial sensors extensively. Inertial sensors are being extensively used in the automobile market to increase the safety features, improve performance, and reduce cost.

The emergence of MEMS technology, increase in automotive production, and high investments in defense, military, and sub-sea vehicles are a few factors driving the automotive inertial systems market, while high cost and complexity are hindering the growth.

MEMS started in 1950, and are being continuously developed for providing newer solutions for automotive. Silicon is the main material used in MEMS as it showcases semiconductor, commercial, and physical properties. MEMS comprises of sensors and electronic devices on a common silicon element.

A growing population of car owners is looking for enhanced vehicle features for better safety, comfort, and stability within cars. This is the major driver of MEMS market. Moreover, the governments are imposing stringent regulations toward vehicles’ fuel efficiency and emission standards. As a result of it, major players in the automotive market are increasingly striving to meet the standards through adoption of MEMS, thus escalating the demand for automotive MEMS in the market.

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In 2016, the United States defense spending was more than USD 611 billion, which represented 36% of the total world military expenditure (USD 1686 billion). Moreover, the increase in the production of helicopters and commercial aircraft will drive the market for automotive inertial systems. Further, the increasing penetration of automated guided vehicles coupled with the growing number of connected cars in the region is expected to bolster the demand for automotive inertial systems over the forecast period.

Major Key Players:

1 Analog Devices, Inc.

2 Bosch Sensortec GmbH

3 Epson Europe Electronics

4 Honeywell International, Inc.

5 Invensense, Inc.

6 iXBlue SAS

7 Kearfott Corporation

8 KVH Industries, Inc.

9 Meggitt PLC

10 MEMSIC and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Automotive Inertial Systems Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.