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High-end Inertial Sensor Market On Growth Trajectory

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Global economic growth, new markets and resurging defence opportunities are fueling the growth of advanced inertial, high-end sensors (HES) according to Yole Developpement researchers.



A trio of political and economic trends is positively impacting the
demand for high-end inertial sensors and providing opportunities for companies
entering the industry with new device solutions. The global market is expected
to reach nearly (USD) $4 billion by 2022, a 5 percent compound annual growth
rate (CAGR).



The global inertial sensor market is fragmented, but the majority of
historical development has focused on the needs of defence and security
contractors; given its existing market heft, CAGR in defence inertial sensor
markets will be 4 percent over the next four years. Aerospace and aviation
segments also consume a significant portion of the inertial sensor market while
the non-military industrial sector is showing similar growth thanks to ‘hot’
emerging applications including autonomous vehicles, advanced drones and
robotic systems with varying degrees of autonomy.



Defense and commercial aerospace markets have always been the
backbone of the high-end inertial system market, and that is still true today.
But emerging applications are whetting the appetite of many players,’ commented
Dr. Guillaume Girardin, Technology & Market Analyst at Yole.



Yole’s new report, ‘High End Inertial Systems Market and Technology,’
provides market data on high performance devices including sensor-based accelerometers,
gyroscopes, IMU and INS. Other key technologies include SiMEMS, Quartz-based
MEMS, Fiber Optic Gyroscopes, Ring Laser Gyroscopes or Hemispheric Resonant
Gyroscopes as well as Dynamically Tuned Gyroscopes.




“We estimate that the high-end inertial system market reached the US
$3 billion milestone in 2017," asserts Girardin. “Defense makes up 36 percent
of this, with commercial aerospace comprising 33 percent. Industrial, offshore
and maritime applications account for the remaining 31 percent."



Emerging applications that need the most advanced sensors, control
and interface systems span a wide range from robotics to industrial automation;
autonomous cars, ships, planes and drones, structural monitoring, space
conquest with reusable rockets and microsatellites will all add to the growing
global market. Most manufacturers are approaching new opportunities by partnering
with end-users to understand requirements that will drive high-end inertial
systems specifications in terms of accuracy, volume, shielding and cost.



High-end inertial sensors are important aspects of the (USD) $20
billion global sensor market that is expected by researchers and manufacturers
to grow at an accelerated pace through the middle of the next decade. Learn
about opportunities for inertial sensors, imaging technologies, MEMS, radar and
LiDAR as well as emerging new technologies at HES International, 10-11 April
2018 in Brussels, Belgium.






https://www.i-micronews.com/category-listing/product/high-end-inertial-sensors.html#description





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