The market was valued at USD 2.85 billion in 2016 and is projected to reach USD 3.71 billion by the end of 2023, at a CAGR of 5.42% over the forecast period, 2017-2023.
High-end inertial systems comprise of high-performance variants of accelerometers, gyroscopes and multi-axes integrated systems like inertial measurement units (IMU). IMUs consist of a combination of accelerometers, gyroscopes, magnetometers and processing units. High-end inertial systems can be differentiated based on grade, using performance metrics and end-user applications. Low-grade applications include commercial grade systems like video games, smartphones and portable devices, while the high-grade applications include military, defense and navigation units that need high accuracy and performance.
MEMS technology has played a major role in expanding the application base for high-end inertial systems by scaling down the size and power consumption of these devices, without compromising on their performance metrics. The overall market outlook has been fairly positive; technological innovations in fabrication and micro-machining are expected to drive the growth in this sector.
The inertial systems, as tilt sensors, are used for platform stabilization such as professional cameras, antennas, turrets and weapon stations. To meet the increasing demand for IMUs, and AHRS systems for military applications, the market players are producing custom MEMS-based accelerometers with improved bias stability. The MEMS technology for high-end military and aerospace applications provides high-performance at low-cost, leading to miniaturization of the devices. Tactical grade inertial applications, high-stability military, aerospace and industrial tilt applications will further increase the demand for inertial system, and the market is expected to have a strong potential growth during the forecast period.
The high-end inertial systems market is segmented into high-end gyroscopes, accelerometers, and IMU's. They are further segmented into end-user applications, based on their respective performance grades. High-end IMU's have been segmented, based on bias stability, into industrial, defense, aerospace and land applications, with defense applications accounting for the largest market share in this segment. High-end accelerometers and gyroscopes are segmented, based on their bias stability & working range, into navigation, tactical, industrial and automotive applications.
North America holds the largest market share in this industry, followed by Europe. Mature markets in these regions have facilitated the deployment of these systems. Improving economic conditions and growing industrial trends are driving the market in Asia-Pacific, which is expected to be the fastest-growing region over the forecast period.
This report describes a detailed study of Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of top players, which includes the key growth strategies, geographical footprint, and competition analysis.
The report also considers key trends that will impact the industry and profiles of leading suppliers of high-end inertial systems that include:
Northrop Grumman Corporation
Analog Devices, Inc.
Bosch Sensortec GmbH
Analog Devices Inc.
Rockwell Collins Inc.
Safran Group (SAGEM)
What the Report Offers
Market definition for high-end inertial systems, along with identification of key drivers and restraints for the market.
Market analysis for the global high-end inertial systems market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the high-end inertial systems market on both, global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and to identify the regions that are still untapped.
1.1 Study Deliverables
1.2 Key Findings of the Study
1.3 Research Methodology
2. Executive Summary
3. Market Dynamics
3.1 Market Overview
3.2.1 Emergence of Mems Technology
3.2.2 Inclination of Growth Towards Defense and Aerospace
3.2.3 Technological Advancements in Navigation Systems
3.3.1 Operational Complexity Coupled With High Maintenance Costs
3.4 Industry Value Chain Analysis
3.5 Porters Five Force Analysis
3.5.1 Threat of New Entrants
3.5.2 Bargaining Power of Consumers
3.5.3 Bargaining Power of Suppliers
3.5.4 Threat of Substitute Products and Services
3.5.5 Intensity of Competitive Rivalry
4. Technology Snapshot
5. Global High-End Inertial Systems - Market Segmentation
5.1 High-End Inertial Measurement Units (Imus)
5.1.2 Segmentation - Application by Performance (Based on Bias Stability - °/H)
188.8.131.52 Industrial Applications
184.108.40.206 Defence (0.0001 - 0.01 °/H)
220.127.116.11 Land/ Naval (Differential °/H)
5.2 High-End Accelerometers
5.2.2 Segmentation by Grade & Performance Range
18.104.22.168 Navigation - (0.001-0.025 Mg)
22.214.171.124 Industrial and Mining- (0.9-3 Mgs)
126.96.36.199 Automotive- (> 50 Mgs)
5.3 High-End Gyroscopes
5.3.2 Segmentation by Performance
5.4 by Region
5.4.1 North America
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 South Africa
6. Competitive Intelligence - Company Profiles
6.1 Honeywell Aerospace Inc
6.2 Northrop Grumman Corporation
6.3 Bosch Sensortec Gmbh
6.4 Analog Devices Inc.
6.5 Thales Group
6.6 Rockwell Collins Inc.
6.7 Moog Inc.
6.8 Fairchild Semiconductor
6.9 Vectornav Technologies
6.10 Stmicroelectronics Nv
6.11 Safran Group (Sagem)
7. Investment Analysis
7.1 Recent Mergers & Acquisitions
7.2 Investment Scenario & Opportunities
8. Future of High-End Inertial Systems Market
- Honeywell Aerospace Inc
- Northrop Grumman Corporation
- Bosch Sensortec Gmbh
- Analog Devices Inc.
- Thales Group
- Rockwell Collins Inc.
- Moog Inc.
- Fairchild Semiconductor
- Vectornav Technologies
- Stmicroelectronics Nv
- Safran Group (Sagem)