Press release
Automotive Inertial Systems Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2026
The Automotive Inertial Systems Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Automotive Inertial Systems market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining success in the Automotive Inertial Systems market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Automotive Inertial Systems market.The Automotive Inertial Systems Market was valued at USD 1871.1 million in 2020 and expected to reach USD 2361.31 million by 2026 and grow at a CAGR of 4.01% over the forecast period (2021 - 2026).
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Top Leading Companies of Automotive Inertial Systems Market are - Honeywell International Inc., Robert Bosch GmbH, MEMSIC Inc., EMCORE Corporation, TE Connectivity Ltd, Lord Corporation (Microstrain Inc.), Xsens Inc., Vectornav Technologies, SBG Systems, Aceinna Inc., Continental AG and others.
Industry News and Updates:
- October 2019 - Honeywell launched the HGuide i300, which is a high-performance MEMS-based Inertial Measurement Unit (IMU) designed to meet the needs of applications across various markets, including agriculture, AUVs, industrial equipment, robotics, survey/mapping, stabilized platforms, transportation, UAVs, and UGVs. With industry-standard communication interfaces and a wide-input voltage range, the HGuide i300 can be easily integrated into a variety of architectures. The extremely small size, lightweight, and low power make the HGuide i300 ideal for many applications.
- June 2019 - Emcore announced a new addition to the Emcore-Orion series of Micro Inertial Navigation (MINAV) systems. It was launched at the at the Paris Air Show. The EN-2000 is a closed-loop, solid-state design that will deliver higher performance at lower cost than traditional RLG (Ring Laser Gyroscope) navigation systems.
Key Market Trends:
Inertial Measurement Unit is Gaining Traction Due to Emergence of Automotive Inertial Systems
- Inertial Measurement Unit (IMU) allows the measurement of transitional as well as rotational accelerations by combining several inertial sensors including, accelerometer, gyroscope, and sometimes magnetometer to enable reading of six dimensions (yaw, roll and pitch rate as well as lateral, longitudinal and vertical accelerations) around the three axes while driving.
- The IMUs are used at a multitude of automotive applications as well as for the latest AD-AS functioning for autonomous driving. It helps to fill the gap in GPS while the vehicle moving towards the blind spot and when LiDAR functionality struggles in a snowstorm.
Asia-Pacific to Register a Significant Growth During the Forecast Period
- Asia-Pacific is a significant market for automotive inertial systems in the current market scenario. Huge volume production in countries such as China, Japan, and India keeps a constant demand for automotive inertial systems in the region. However, in recent times, sales of the new vehicle in certain parts of the region have been sluggish. The witnessed a decrease in car sales across various economies. For instance, according to the Japan Automotive Dealers Association and Japan Light Motor Vehicle and Motorcycle Association, 2,895,454 cars were sold in Japan in 2018 which decreased by 1.6% compared to 2017.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Automotive Inertial Systems Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Automotive Inertial Systems Market (%),2016 - 2026
- Automotive Inertial Systems Market Share, By Brand
- Automotive Inertial Systems Market Share, By Company
- Automotive Inertial Systems Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Automotive Inertial Systems Market Value Analysis & Forecast
- Promising Automotive Inertial Systems Development by Major Companies
- Detailed Automotive Inertial Systems Portfolio of the Major Companies
- Major Deals in the Automotive Inertial Systems Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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