The various components of Inertial Sensors include accelerometers, gyroscopes, encoders, magnetic sensor, and GPS. Devices such as tablets, mobile phones, gaming stations, remote controls and laptops use a combination of accelerometers, magnetometers and gyroscopes. These sensors have a wide range of applications across numerous commercial and noncommercial sectors such as transport, agriculture, healthcare, devices and machinery (commercial), air force, navy and military (defense) and aerospace. Table of contents and insights:
http://industryarc.com/Report/100/Inertial-sensors-devices-market-analysis-report.html
Application:
Inertial Measurement Units (IMUs) and Inertial Navigation Systems (INUs) are the primary end products in which Inertial Sensor Systems are used. Navy has started to own a separate market based on the application of Inertial Measurement due to the ability of these sensors to work underwater. Thus, a commercial market in water navigation has grown.
Estimations:
Being small, accurate and affordable, the market for inertial sensors has grown at a substantial pace.
The Total Inertial Sensing Systems Market evaluated to be around $5 billion in 2014 and is growing at a CAGR of 7.7% dominated significantly by defense, industrial/commercial and aviation sectors.
The rapid growth in the Inertial Sensor Market has a direct impact on the market of its components like accelerometers, gyroscopes, GPS and encoders. The Inertial MEMS market has forecast of 8-10% CAGR in the next 5 years. Accelerometer and gyroscope market investments are growing at a very fast pace due to increase in the demand for the Inertial Sensors. The potential market growth for GPS is between 4-6% between the same period.
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Key Players:
The major players like Trimble and Kongsberg are increasing the production of Inertial Sensors to meet the demand and competition.
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