The report "Inertial Sensing Systems and Its Components Market – By Type (IMUs, INS & AHRS); Components (Accelerometer, Gyroscope, GPS, Magnetometer); Applications (Aerospace, Military & Defense) - Global Forecast and Analysis to 2020", defines and segments the market on the basis of size & key regions such as Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered, and the market size and trends are projected for each region.
Browse Market 103 Data Tables and 61 Figures spread through 190 pages and in-depth TOC on “Inertial Sensing Systems and Its Components Market – By Type (IMUs, INS & AHRS); Components (Accelerometer, Gyroscope, GPS, Magnetometer); Applications (Aerospace, Military & Defense) - Global Forecast and Analysis to 2020”
IndustryARC’s report on Inertial Sensing System & its Components Market indicates its robust demand during the forecast period 2015 - 2020. Inertial Sensing Systems are primarily used for navigation and guidance in a three-dimensional environment. These systems are mainly embedded into products spanning across several sectors such as aviation, defense, transport, automobiles, consumer electronic devices and many others. The history of inertial sensing systems dates back to the World War-II era when Germans pioneered the utilization of these systems for their V-2 rockets. Since then, the systems have evolved rapidly from mechanical-based systems to optical and MEMS-based systems.
Request Sample @ http://industryarc.com/pdfdownload.aspx?id=100
The scope of the report covers in detail all the fundamental inertial sensing systems: Inertial Navigation System (INS), Attitude & Heading Reference System (AHRS) and Inertial Measurement Unit (IMU). The Inertial Measurement Units (IMUs) market in the report is solely MEMS-based market that are prominently used a standalone measuring devices in consumer electronics products and automobiles. The report also analyses the market for Inertial Sensing System Components: accelerometer and gyroscope, commonly known as Inertial Sensors.
According to IndustryARC analysis, the market for Inertial Sensing Systems was $4.98 billion in 2014 and is forecast to grow to $7.8 billion by 2020 at a CAGR of 7.7%.
A prominent segment in the inertial sensing systems market is the defense section. Although in the recent years, many developed nations including the U.S., U.K., Canada, France and other European Union nations have been reducing their defense spending amidst the unstable economy in these regions but this decline has been counter-balanced by the defense expenditure of developing economies such as China, India, Brazil and several other Middle-East countries.
The above figure depicts the share major weapon importing nations between 2009 and 2013. India was the largest importer of the weapons with 32% share in the global weapon importing market followed by China and Pakistan with 12% and 11% share, respectively. In the recent times, developing countries has felt a strong requirement for modernizing their defense infrastructure that will provide boost to the inertial sensing systems market as these systems are crucial for defense equipment. Other factor contributing significantly to the segment is the rising tensions between countries in Asia and Africa amidst the civil war and territorial disputes.
Request for Customization @ http://industryarc.com/requestcustomization.aspx?id=100
Apart from defense, industrial/commercial and aviation are notable sectors for inertial sensing systems market with strong growth prospects. The emerging autonomous applications in the industrial and agriculture machinery is the main driver for Attitude & Heading Reference System (AHRS), while the robust gross domestic product (GDP) rates in Asia-Pacific and Latin American countries is expected to provide a boom in the aviation sector, for which Inertial Navigation System (INS) are critical equipment in their navigation and guidance systems.
The advent of MEMS technology has revolutionized the market for Inertial Measurement Units (IMUs) and Inertial Sensors. The fabrication of these devices with the help of micromachining techniques has been instrumental for their penetration into automotive and consumer electronics market. As the miniaturization technology is advancing, device manufacturers are keen on developing and integrating new functionalities that will boost the market for MEMS-based Inertial Measurement Units (IMUs) and inertial sensors for the forecast period 2013-2019.
Honeywell Aerospace, Northrop Grumman and Sagem are major leaders in providing mechanical- and optical-based inertial sensing systems, while STMicroelectronics and Bosch Sensortec dominate the MEMS-based inertial sensing systems market. The opportunities lying in the aviation, defense and industrial sectors are prominent for the growth of inertial sensing systems in future.
Inquiry Before Buying @ http://industryarc.com/inquiry-before-buying.aspx?id=100
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
13346 NY, USA.
Phone No: +1-614-588-8538 (Ext – 101/102)
Get More Insights on Reports @ - http://goo.gl/Ga7fq7