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Global High Performance Inertial Sensing Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • May 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global High Performance Inertial Sensing Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4.18 Million
Diagram Market Size (Forecast Year) USD 6.38 Million
Diagram CAGR %

Global High Performance Inertial Sensing Market, By Component (Accelerometers, Vibratory Accelerometers, Magnetometer and Gyroscopes), Performance (Tactical, Navigation, Industrial and Mining, Automotive), System (Inertial Navigation Systems, Attitude and Heading Reference Systems, Inertial Measurement Units), Application (Railway, Aerospace, Land Transportation, Consumer Electronics, Industrial, Infrastructure, Military and Defense, Energy and Mining, Marine, Automotive, Agriculture, Healthcare Others), End User (Aviation, Defense, Automobiles, Consumer Electronics, Industrial/Commercial, Aerospace, Transport, Unmanned Systems) – Industry Trends and Forecast to 2030.

High Performance Inertial Sensing Market Analysis and Size

High-performance inertial sensing can measure an object's orientation, gravitational force, and velocity. It is utilized in ships, missiles, drones, submarines, and aircraft. For navigation, flight control, and stabilization purposes, inertial measurement units (IMUs) and other systems based on high-performance gyroscopes have been extensively used in the defense and aerospace industries. High-performance inertial sensing is used by other industries, including healthcare, automotive, transportation, and consumer electronics, to integrate new functionalities into low-cost MEMS (Micro-Electro-Mechanical Systems) accelerometer and gyroscope areas.

Data Bridge Market Research analyses that the high performance inertial sensing market, valued at USD 4.18 million in 2022, will reach USD 6.38 million by 2030, growing at a CAGR of 5.43% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

High Performance Inertial Sensing Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Component (Accelerometers, Vibratory Accelerometers, Magnetometer and Gyroscopes), Performance (Tactical, Navigation, Industrial and Mining, Automotive), System (Inertial Navigation Systems, Attitude and Heading Reference Systems, Inertial Measurement Units), Application (Railway, Land Transportation, Aerospace, Consumer Electronics, Industrial, Infrastructure, Military and Defense, Energy and Mining, Marine, Automotive, Agriculture, Heaalthcare, Others), End User (Aviation, Defence, Automobiles, Consumer Electronics, Industrial/Commercial, Aerospace, Transport, Unmanned Systems)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Rockwell Automation (U.S.), Honeywell International Inc. (U.S.), Texas Instruments Incorporated (U.S.), Panasonic Industry (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Siemens (Germany), Amphenol (U.S.), Dwyer Instruments LTD (U.S.), Bosch Sensortec GmbH (Germany), ABB (Switzerland), Emerson Electric Co. (U.S.), SICK AG (Germany), TDK Corporation (Japan), KVH Industries, Inc. (U.S.), Meggitt PLC. (U.K.), Northrop Grumman. (U.S.), Safran (France), GENERAL ELECTRIC (U.S.), Cisco Systems, Inc. (U.S.), Schneider Electric (France), algorithmica technologies GmbH (Germany)

Market Opportunities

  • Growing use of inertial sensing technology creates expansion
  • The development of commercial driverless vehicles creates opportunities to grow

Market Definition

High-precision inertial sensing measures technical applications' inclination, acceleration, and vibration. These could be tiny MEMS, or Micro Electromechanical Systems, constructed around a silicon single-crystal sensor element and produced using cutting-edge micromechanical manufacturing techniques. The object's angular velocity and acceleration are also shown along three perpendicular axes. IMUs use the laws of motion to calculate these values by indirectly measuring forces.

High Performance Inertial Sensing Market Dynamics

Drivers

  • The rise in defense drives the market growth

Micro electromechanical systems (MEMS) are being used more frequently, navigational accuracy is in greater demand, and emerging nations' aerospace, business, and military sectors are expanding. The military sector controls the market for products like missile guidance, control and targeting, precision-guided weapons, tank turret stabilization, and torpedo guidance. High-end MEMS sensors are essential for military and defense applications, including small-diameter missiles, underwater navigators, and autonomous vehicles. Along with the rise in defense spending in various countries, the government's initiatives to develop a cutting-edge defense weapon platform by acquiring cutting-edge technologies like precision striking, defense electronics, and critical infrastructure protection are also anticipated to advance significantly.

  • Demand for gyroscopes creates expansion

Gyroscope demand is expected to rise as more powerful, reasonably priced, and small gyroscopes become available. Gyroscopes are increasingly common because of their superior motion sensing and navigational assistance capabilities. Gyroscopes can also compute three-dimensional angular velocity. High-performance gyroscopes and IMUs are needed for oil rig exploration to provide a self-contained sensor system and exact platform stabilization solutions. During the anticipated period, this will aid in expanding the market for inertial sensing systems.

Opportunities

  • Growing use of inertial sensing technology creates expansion

The demand for higher-quality, more precise inertial sensors is being driven by technology. Better location tracking, gesture recognition, and virtual and augmented reality experiences are all made possible by these sensors. Through the increasing demand for these applications, manufacturers are investing in the development of high performance inertial sensors. The demand for better quality and accuracy in these sensors is further fuelled by the growing use of inertial sensing technology in robotics, autonomous vehicles, and drones.

  • The development of commercial driverless vehicles creates opportunities to grow

The need for more user-friendly equipment has grown as a result of rapid lifestyle improvement. Technology that uses inertial sensors extensively for motion sensing can help. With the development of commercial driverless vehicles, modifications to virtual presence technology, improvements to expanded reality technology, rising demand for navigation system efficiency, and the availability of miniaturized parts at reasonable prices, there will be an increase in demand for high-performance, miniaturized parts inertial sensors. Through the use of micro-fabrication and micro-machining techniques, the development of Micro Electro Mechanical Systems technology led to the miniaturization of mechanical and electromechanical components in the field of sensors and semiconductors. As a result, MEMS are now an essential component of future navigation systems, driving the growth of the high performance inertial systems market.

Restraints/Challenges

  • Calibrations and maintenance can impede the market growth

To keep inertial sensors accurate and precise, they must undergo routine calibration. For some users, this calibration may be prohibitive because it takes time and requires specialized tools or knowledge. In order to ensure long-term performance and reliability, regular maintenance is also necessary, which hinders market expansion.

  • High costs limits the market expansion

As with any advanced technology, high performance inertial sensors can be expensive to manufacturers, purchases and maintain. This cost to access the technology for smaller companies or individuals with limited resources which cam restrict the market growth.

  • Vulnerability to errors impede the market growth

The market for inertial sensors is constrained during the aforementioned forecast period by measurement errors accumulated over time and by insufficient accuracy. For instance, MEMS inertial sensors have mechanical components that are incredibly small and only weigh a few micrograms. These components may not react to slight changes in orientation due to their lightweight. Friction and drifts consequently result in a measuring error that eventually spreads. On the other hand, temperature variations and flicker noise calibration errors are restricting the market growth.

This high performance inertial sensing market  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high performance inertial sensing market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In 2020, The United States Coast Guard (USCG) has officially certified for the use of the SeaFIND Inertial Navigation System from Northrop Grumman Corporation as a shipboard gyrocompass system for navigation for nations that require the International Maritime Organization's compliance. In accordance with the mutual type approval agreement between the European Community (EC) and the United States, the USCG certification includes the EC Mark of Conformity (wheel mark).
  • In 2019, two new inertial measurement units (IMUs) from Honeywell were released to provide navigation in a small, lightweight package without sacrificing price. Several industrial applications, including the testing of autonomous vehicles, precision farming, surveying and mapping, pipeline inspections, platform control, and motion compensation, can use the HGuide i300 Micro-Electro-Mechanical System (MEMS) IMU. The HG4930 S-Class IMU offers high bandwidth and high data rates for optical sensors and satellite communication antennas requiring precision stabilization.

Global High Performance Inertial Sensing Market Scope

The high performance inertial sensing market is segmented on the basis of component, performance, system, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Accelerometers
  • Vibratory Accelerometers
  • Gyroscopes
  • Magnetometer

Performance

  • Tactical
  • Navigation
  • Industrial and Mining
  • Automotive

System

  • Inertial Navigation Systems
  • Attitude and Heading Reference Systems
  • Inertial Measurement Units

Application

  • Railway
  • Land Transportation
  • Aerospace
  • Consumer Electronics
  • Industrial
  • Infrastructure
  • Military and Defense
  • Energy and Mining
  • Marine
  • Automotive
  • Agriculture
  • Healthcare
  • Others

End User

  • Aviation
  • Defense
  • Automobiles
  • Consumer Electronics
  • Industrial/Commercial
  • Aerospace
  • Transport
  • Unmanned Systems

High Performance Inertial Sensing Market Regional Analysis/Insights

The high performance inertial sensing market is analysed and market size insights and trends are provided by component, performance, system, application and end user as referenced above.

The countries covered in the high performance inertial sensing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America)

North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors are attributable to the region’s dominance in U.S., owing to a competing side against business professionals in fulfilling the demand of inertial sensing arrangements and the occupancy of influencing companies in the region. High-end inertial systems are also used in this region's significantly increased production of helicopters and commercial aircraft

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and High Performance Inertial Sensing Market Share Analysis

The high performance inertial sensing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to High Performance Inertial Sensing Market.

Some of the major players operating in the high performance inertial sensing market are:

  • Rockwell Automation (U.S.)
  • Honeywell International Inc. (U.S.)
  • Texas Instruments Incorporated (U.S.)
  • Panasonic Industry (Japan)
  • STMicroelectronics (Switzerland)
  • TE Connectivity (Switzerland)
  • Siemens (Germany)
  • Amphenol (U.S.)
  • Dwyer Instruments LTD (U.S.)
  • Bosch Sensortec GmbH (Germany)
  • ABB (Switzerland)
  • Emerson Electric Co. (U.S.)
  • SICK AG (Germany)
  • TDK Corporation (Japan)
  • KVH Industries, Inc. (U.S.)
  • Meggitt PLC. (U.K.)
  • Northrop Grumman. (U.S.)
  • Safran (France)
  • GENERAL ELECTRIC (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Schneider Electric (France)
  • algorithmica technologies GmbH (Germany)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

The High Performance Inertial Sensing Market is projected to grow at a CAGR of 5.43% during the forecast period by 2030.
The future market value of the High Performance Inertial Sensing Market is expected to reach USD 6.38 million by 2030.
The major players in the High Performance Inertial Sensing Market are Rockwell Automation (U.S.), Honeywell International Inc. (U.S.), Texas Instruments Incorporated (U.S.), Panasonic Industry (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), etc.
The countries covered in the High Performance Inertial Sensing Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, etc.
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