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Vehicle Inertial Sensor Market 2024| By Key Players, Application, Type, Share, and Forecast to 2031

08-16-2024 05:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Vehicle Inertial Sensor Market

Vehicle Inertial Sensor Market

The global vehicle inertial sensor market is expected to grow at a significant CAGR during the forecast period (2024-2031). Inertial measurement units (IMUs) are used with high-performance sensors (gyroscopes, magnetometers, and accelerometers) in inertial systems to offer high-accuracy information on the surrounding environment through relative movement. The strong combination of inertial measurement units (IMUs) and other onboard sensors delivers important data, enhancing vehicle reliability and paving the way for new advances in vehicle automation.

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By combining various inertial sensors, such as an accelerometer, gyroscope, and sometimes a magnetometer, an IMU can read six dimensions (yaw, roll, and pitch rate, as well as lateral, longitudinal, and vertical accelerations) around the three axes while driving. IMUs are employed in a variety of automotive applications, including the most recent advanced driver-assistance systems (ADAS) functions for autonomous driving. It aids in filling in the GPS gap when the car approaches the blind spot and when LiDAR performance fails in a snowstorm.

With the support of micro-fabrication and micro-machining processes, micro-electromechanical systems (MEMS) technology enabled the shrinking of mechanical and electro-mechanical elements in the field of sensors and semiconductors. As a result, MEMS has become a crucial component of various automation components in Level 1, 2, and 3 autonomous vehicles, considerably increasing the demand for inertial systems in the automotive industry. The market growth is being driven by the increased need for safety in automobiles. Every year, nearly 1.35 million people are killed in traffic accidents across the globe, according to the World Health Organization (WHO). Furthermore, between 20 and 50 million additional people are injured non-fatally, with many of them becoming disabled as a result of their injury. MEMS accelerometers serve a critical role in increasing car safety features.

New players are boosting their market presence and expanding their business footprint throughout emerging nations, owing to advancements in sensor technology across inertial systems. In 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 in a variety of markets, including agriculture, AUVs, industrial equipment, robotics, survey/mapping, stabilized platforms, transportation, unmanned aerial vehicles (UAVs), and unmanned ground vehicles (UGVs). The HGuide i300 can be readily integrated into a variety of topologies owing to industry-standard communication interfaces and a wide input voltage range. The HGuide i300's tiny size, lightweight, and low power make it suitable for a wide range of applications.

Full report of Vehicle Inertial Sensor Market available @ https://www.omrglobal.com/industry-reports/vehicle-inertial-sensor-market

Market Coverage

Segment Covered-
o By Component

o By Application

Competitive Landscape: Analog Devices, Inc., TDK Corp., Epson Electronics America, Inc., and Bosch Group GmbH, among others

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Vehicle Inertial Sensor Market Report

By Component

Accelerometers
Gyroscopes
Inertial Measurement Unit
Others

By Application

Commercial Vehicles
Passenger Vehicles


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/vehicle-inertial-sensor-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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