(2020 - 2023) Global Inertial Systems Market in Land Based Applications Market is Anticipated to Reach US$ 10.58% Billion by 2023

Inertial Systems Market in Land Based Applications Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Inertial Systems Market in Land Based Applications market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Inertial Systems Market in Land Based Applications Market report is anticipated to register a CAGR of 10.58% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Inertial Systems Market in Land Based Applications Market are –

  • Analog Devices Inc.
  • Bosch Sensortec GmbH
  • Safran Group
  • Honeywell International Inc.
  • Kearfott Corporation
  • ST Microelectronics
  • Invensense Inc.
  • Meggitt PLC
  • Northrop Grumman Corporation
  • KVH Industries
  • Inc.
  • Silicon Sensing Systems Ltd.
  • Rockwell Collins
  • Vector NAV
  • Epson Europe Electronics

The inertial systems market in land-based applications is expected to register a CAGR of 10.58%, during the forecast period (2020-2023). The scope of the market covers various holistic solutions offered by the leading vendors of the market. The scope is limited to the end-user applications, such as defense and aerospace, automotive, and industrial.

The inertial systems for land include applications from small size to high performance as they provide the accurate and reliable information of position and velocity. Inertial systems with GPS are used in vehicle safety systems for estimation of slip of the vehicle, vehicle guidance, and navigation. With the increase in the complexity of the autonomous vehicle, the navigation system provides the ability to determine the position and orientation of the vehicle in real time with most accurate information. As the vehicle location and navigation system is the crucial sector in intelligent transportation system, the demand for inertial systems is increasing as they provide increased productivity, reduced costs in the automation of vehicles.

The land applications include the car motion analysis, unmanned ground vehicles, mobile mapping, antenna tracking, and also land defense. The inertial navigation systems are used for artillery, radar, and combat vehicle applications in land defense. The need for these systems have been further buoyed by the need for greater security and accuracy in the mapping and location based navigation for defense applications.

Growing Number of Connected Cars is Expected to Drive the Adoption of Inertial Systems for Land-based Applications
The automotive industry is undergoing a wave of innovation and—with the advent of groundbreaking technologies, such as the Internet of Things (IoT), making vehicles safer than ever before—is witnessing a paradigm shift from the traditional models. With enhanced GPS, location and maintenance live recording, reminders, driving assistance, and Wi-Fi services the demand for connected cars has been soaring and it is estimated that connected cars will account for 75% of the 92 million cars shipped globally in 2020.

Alongside the burgeoning connectivity, there is a growing demand for accuracy in navigation for these autonomous cars. Since high level of accuracy and reliability are the prime features of a navigational system, these navigational systems have a distinctive advantage over other forms of navigation systems in terms of their lack of dependence on external aids to determine the rotation and acceleration of a moving object. The systems are inherently suited for use in integrated navigation, control and guidance of vehicles in challenging environs. Unlike GPS and other kinds of navigation systems, inertial systems can retain their performance even under difficult conditions. Thus, the increasing number of connected cars has buoyed the adoption of inertial navigational systems.

Inertial Measurement Units to Witness a High Adoption

IMU’s are used for land and naval applications operate with a bias stability of 0.05– 0.5 °/h for short-term navigation and 0.0001- 0.01 °/h for high-grade navigation. The bias-stability configuration is dependent on the nature of the end-user applications. Certain applications, such as UGV’s may require high-grade navigation systems, as they are entirely dependent on real-time data for effective functioning. Land/naval applications hold a dynamic market for high-end IMU, witnessing a high growth in terms of the range of applications and in terms of market players, since these systems offer high reliability in testing conditions, when other navigational systems are prone to errors. The new range of high-grade navigational systems are effectively integrating high-end IMUs with GPS systems (also seen in other application grades) for offering guidance and navigation control. The other applications include freight transport trucks, high-speed trains, and other forms of autonomous vehicles. The increasing adoption of autonomous vehicles in the commercial and military sector has augmented the growth of the inertial systems market in land-based applications.

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Scope of the Report:

The report analyses Inertial Systems Market in Land Based Applications market, which includes –

  • Analysis of the growth of Inertial Systems Market in Land Based Applications market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Inertial Systems Market in Land Based Applications market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Inertial Systems Market in Land Based Applications market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Inertial Systems Market in Land Based Applications market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Inertial Systems Market in Land Based Applications Market Report:

  • Varying dynamics of the Inertial Systems Market in Land Based Applications industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Inertial Systems Market in Land Based Applications market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Inertial Systems Market in Land Based Applications market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Inertial Systems Market in Land Based Applications Market Report:

  • The report analyses how stringent emission control norms will drive the global Inertial Systems Market in Land Based Applications market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Inertial Systems Market in Land Based Applications market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Inertial Systems Market in Land Based Applications:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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