The global high-end inertial systems market was valued at USD 3 billion in 2017, and is expected to reach USD 4.12 billion by 2023, registering a CAGR of 5.42%, over the forecast period (2018 - 2023).
High-end inertial systems comprise high-performance variants of accelerometers, gyroscopes, and multi-axes integrated systems like inertial measurement units (IMU).
IMUs consist of a combination of accelerometers, gyroscopes, magnetometers, and processing units. High-end inertial systems can be differentiated based on grade using performance metrics and end-user applications.
Low-grade applications include commercial grade systems, such as video games, smartphones, and portable devices, while the high-grade applications include military, defense, and navigation units that need high accuracy and performance. MEMS technology has played a major role in expanding the application base for high-end inertial systems by scaling down the size and power consumption of these devices, without compromising on their performance metrics.
The overall market outlook has been fairly positive, and technological innovations in fabrication and micro-machining are expected to drive the growth in this sector.
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Honeywell Aerospace Inc, Northrop Grumman Corporation, Bosch Sensortec GmbH, Analog Devices Inc., Thales Group, Rockwell Collins Inc., Moog Inc., Fairchild Semiconductor, VectorNav Technologies, STMicroelectronics NV, Safran Group (SAGEM)
Emergence of MEMS Technology is Driving the Market
MEMS technology has brought about a paradigm shift in the evolution of high-end inertial systems. The traditional range of inertial systems was burdened by high costs and sizes.
However, MEMS techniques have been able to reduce the size, power consumption, and costs of these systems considerably by increasing the surface volume density. MEMS IMUs are being fabricated on planar substrates, leading to a marginal decrease in sizes and costs.
MEMS-driven IMUs have numerous applications ranging from defense to new commercial and industrial applications. The cost of commercial-grade MEMS IMUs has fallen considerably due to plunging component costs and increased competition in the industry.
However, these devices remain elusive to small and medium scale companies. MEMS technology is expected to drive the next wave of innovations in inertial systems.
Several companies have been focusing on their R&D operations to design MEMS units with enhanced capabilities. The large scale adoption of inertial systems depends heavily on MEMS systems.
Navigation High-end Accelerometers Occupy the Largest Market Share
High-end accelerometers for navigational grade applications comprise guidance systems, range finding devices, aeronautics, and stabilization units. Conventional guidance systems operate within a working range of 5 g, with a bias stability range of 6-20 mg.
On the other hand, aeronautics navigational systems operate with a greater working range of 2-15 g, with a bias stability of around 1 mg. High-end accelerometers are also deployed in stabilization systems with a working range of 2 g and a bias stability of less than 2 mg.
Navigation grade applications for MEMS accelerometer can be found in bogie monitoring, speed control, tilt control, and positioning monitoring systems employed in tactical and commercial transport units. They are also increasingly used in shock monitoring and train positioning systems.
In the field of aviation, accelerometers are widely used as a part of inertial navigation systems, such as AHRS, to offer greater performance and stability. As stated earlier, the configuration of accelerometers in high-end IMUs acts as a differentiating factor in high-end IMUs.
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North America Accounts for the Largest Market Share
North America held the highest share of both high-end IMU and accelerometers in 2017. The primary demand for high-end inertial systems is observed in the maritime sector and the aircraft industry, for both commercial and defense purposes.
The United States allocates the maximum budget for defense spending. Nonetheless, the decrease in military spending is expected to be off-set by steady growth in aerospace and land-based applications in the United States.
A strong increase in the production of helicopters and commercial aircrafts drives the market for high-end inertial systems. The huge aerospace industry of the United States exports more than 60% of the total aerospace production.
Many foreign firms are attracted to the United States aerospace market as it is the largest in the world, employing a skilled and hospitable workforce, with diverse offerings and extensive distribution systems.
Key Developments in the Market
January 2018 - Bosch Sensortec announced the launch of Inertial Measurement Unit (IMU) designed for drone and robotics applications. BMI088 IMU features a gyroscope from the company’s automotive sector.
December 2017 - Honeywell Aerospace launched pinpoint navigation accuracy for new industries. The company’s experience in A&D navigation translates into a reliable and easy-to-install technology for new commercial markets.
Major Players: HONEYWELL AEROSPACE, NORTHROP GRUMMAN CORPORATION, BOSCH SENSORTEC GMBH, ANALOG DEVICES, INC., THALES GROUP, ROCKWELL COLLINS, MOOG INC., FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC., VECTORNAV TECHNOLOGIES, STMICROELECTRONICS, AND SAFRAN GROUP (SAGEM), among others.
Reasons to Access the Report
To know how emergence of MEMS technology will act as a driver for the global market scenario
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Automotive application is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
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