Global Inertial Systems Market in Land-Based Applications was valued at US$ 2.7Bn in 2017 and is expected to reach US$ 4.9Bn by 2026 at a CAGR of 7.73%.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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An inertial system in the land is a self-contained inertial navigation technique in which measurements provided by accelerometers and gyroscopes are used to track the position and orientation of an object relative to a known starting point, velocity, and orientation.
The land-based applications include car motion analysis, mobile mapping, antenna tracking, unmanned ground vehicles, and also land defense. The inertial navigation systems are used for radar, artillery, and combat vehicle applications in land defense. Some of the driving factors of the market are, the rapid rise of unmanned vehicles in both defense and civilian applications, increasing applications based on motion sensing, and technological advancement allowing more effective components at a smaller and lighter size.
However, integration drift error is a major concern in navigation systems, and the complex nature of integration in existing systems & the need for ancillary components are restraining the inertial systems market in land-based applications market growth.
Inertial measurement unit (IMU) segment leading the inertial systems market in land-based applications. An inertial measurement unit (IMU) works by detecting linear acceleration using one or more rotational and accelerometers rotational rate using one or more gyroscopes. Some also include a magnetometer which is mostly used as a heading reference. Land applications hold a dynamic market for high-end inertial measurement unit, witnessing high growth in terms of the range of applications & in terms of market players, since these systems offer high reliability in testing conditions, once other navigational systems are prone to errors.
Region-wise, North America dominated the market accounting for close to 45% of the market share. Factors like the growing passenger air traffic in the U.S. is expected to result in an augmented demand for aircraft to accommodate passengers will spur the growth prospects of the inertial systems market in the land-based applications market in the Americas over the forecast period.
Global inertial systems market in land-based applications report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.
The key market players operating in the inertial systems market in land-based applications are, Analog Devices Inc., Bosch Sensortec GmbH, Safran Group, Honeywell International Inc., Kearfott Corporation, STMicroelectronics, Invensense Inc., Meggitt PLC, Northrop Grumman Corporation, KVH Industries, Inc., Silicon Sensing Systems Ltd., Rockwell Collins, Vector NA AND Epson Europe Electronics.
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Global Inertial Systems Market in Land-Based Applications, by Component
• Gyroscopes
• Accelerometers
• Magnetometers
Global Inertial Systems Market in Land-Based Applications, by Type
• Attitude Heading Reference System
• Inertial Positioning and Orientation Systems
• Inertial Measurement Units
Global Inertial Systems Market in Land-Based Applications, by Region
• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• South America
Key Players Operating in the Inertial Systems Market In Land-Based Applications
• Analog Devices Inc.
• Bosch Sensortec GmbH
• Afran Group
• Honeywell International Inc.
• Kearfott Corporation
• STMicroelectronics
• Invensense Inc.
• Meggitt PLC
• Northrop Grumman Corporation
• KVH Industries, Inc.
• Silicon Sensing Systems Ltd.
• Rockwell Collins
• UTC Aerospace Systems
• Vector NA
• Epson Europe Electronics.
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