Press release
Inertial Systems Market by Emerging Trends, Technologies, Future Industry Scenario and Forecast to 2026
The 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 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 successful in the Inertial Systems market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Inertial Systems market.The inertial systems market is expected to register a CAGR of 9% over the forecast period (2021 - 2026).
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Top Leading Companies of Inertial Systems Market are - Analog Devices, Inc., Bosch Sensortec GmbH, Safran Group, Honeywell International, Inc., TDK Corporation (InvenSense), IXBLUE, Kearfott Corporation, KVH Industries, Inc., Meggitt Plc, Northrop Grumman Corporation, STMicroelectronics, Silicon Sensing Systems Limited, Collins Aerospace, VectorNav Technologies LLC, Epson Europe Electronics GmbH, MEMSIC, Inc. and others.
Industry News and Updates:
- June 2019 - Sensor manufacturer ACEINNA has launched its new open-source Inertial Measurement Unit Sensor that is meant for autonomous off-road, construction, agricultural vehicle applications. OpenIMU300RI it will help determining the direction in a GPS system and track motion on consumer electronics.
- May 2019 - Northrop Grumman Corporation has released SeaFIND (Sea Fiber Optic Inertial Navigation with Data Distribution), a next generation maritime inertial navigation system succeeding the company’s MK-39 Mod 3 and 4 series Inertial Navigation System product line.
Key Market Trends:
Defense Industry to Hold the Majority Share
- The defense industry holds the maximum share of the market in terms of applications like Missile Guidance, Control and Targeting, Precision Guided Munitions, Tank Turret Stabilization, and Torpedo Guidance. The defense sector also incorporates small-diameter missiles, underwater navigators, and unmanned underwater vehicles that are increasing the demand of the high-end MEMS sensors in military and defense applications.
- The increasing modernization of weaponry with the advent of smart weapons and advanced tanks is also a key driver for the market. The amount of money spent on defense R&D is much more than that for civilian applications, hence is enabling rapid growth in this segment.
North America to Account for the Maximum Share
- North America accounted for the maximum share in the market, with the United States contributing the most significantly. The primary demand for inertial systems in the region comes from the maritime sector, owing to the renewed emphasis on oil exploration activities. The exploration activities of oil rigs require high-performance gyroscopes, IMUs, and accelerometers to provide a right self-contained sensing system and highly accurate solutions for platform stabilization.
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:
- Inertial Systems Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Inertial Systems Market (%),2016 - 2026
- Inertial Systems Market Share, By Brand
- Inertial Systems Market Share, By Company
- Inertial Systems Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Inertial Systems Market Value Analysis & Forecast
- Promising Inertial Systems Development by Major Companies
- Detailed Inertial Systems Portfolio of the Major Companies
- Major Deals in the Inertial Systems Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
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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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