logo

Asia-Pacific Inertial Systems Market Size (2024 - 2029)

The Asia-Pacific inertial systems market is experiencing growth driven by the increasing demand for advanced navigational systems and motion-sensing technologies, which are integral to unmanned vehicles and various civilian and defense applications. The region's economic expansion and the presence of major manufacturing hubs are attracting investments, further boosting the market. Technological advancements have made inertial sensors more accessible, enhancing their integration into everyday devices and systems. Despite the disruptions caused by COVID-19, the market has stabilized and is expected to continue its upward trajectory, supported by the growing need for sophisticated navigation solutions.

Home Market Analysis Technology, Media and Telecom Research Automation Research Industrial Automation Research Sensors and Actuators Research Asia-Pacific Inertial Systems Market Market Size

Market Size of Asia-Pacific Inertial Systems Industry

Asia-Pacific Inertial Systems Market Summary
Study Period 2023 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 6.10 %
Market Concentration Medium

Major Players

Asia-Pacific Inertial Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Inertial Systems Market Analysis

The Asia-Pacific inertial system market is expected to register a CAGR of 6.1% over the forecast period.

  • Asia-Pacific is home to the largest manufacturers and exporters of goods in the world. Also, countries like Indonesia, China, Japan, and India are the big powerhouses of industries. Domestic players and international organizations have large factories for exports and self-consumption in these countries. With the economy growing in this region, new companies from various parts of the world are looking to invest. Factories are operating more machines in the production lines to improve the speed and efficiency of production.
  • The progress of the worldwide lifestyle has resulted in the requirement for equipment with greater comfort, allowing motion-sensing technology that broadly uses inertial sensors, which has become a key driving factor in this market.
  • Further, it is anticipated to define the trend for the upcoming few years. The unprecedented increase in unmanned vehicles across different civilian and defense applications has raised the demand for complex navigational systems, including inertial sensors. Technological development has made sensors available and affordable, making their usage abundant in day-to-day devices.
  • The growing integration of navigation systems such as GPS/INS and GNSS/INS added greater performance features than the traditional navigation system, thus, driving the inertial system market. In recent years, a substantial rise in demand for unmanned vehicles such as unmanned aerial vehicles (UAV), autonomous underwater vehicles (AUV), and remotely operated vehicles (ROV) across diverse applications in both defense and civilian applications fuelled the growth of the Asia-Pacific inertial navigation system market.
  • COVID-19 significantly impacted various global markets due to lockdowns and multiple rules and regulations imposed by the government. The market returned to stability as the government in the regions eased the rules and regulations set earlier. The sales of the end-user market grew, which is anticipated to continue growing over the forecast period and drive the market.

APAC Inertial Systems Industry Segmentation

An inertial guidance system (IGS) is an electronic system that constantly monitors a vehicle's location, velocity, and acceleration, commonly a submarine, missile, or airplane. Gyroscopes, accelerometers, and a computer are the essential components of an inertial guidance system.

The scope of the market is limited to the Asia-Pacific region only. The market is segmented by equipment, grade, and country. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Need A Different Region Or Segment?
Customize Now

Asia-Pacific Inertial Systems Market Size Summary

The Asia-Pacific inertial systems market is poised for significant growth, driven by the region's status as a global manufacturing hub and the increasing demand for advanced navigational technologies. Countries like China, Japan, India, and Indonesia are at the forefront, with both domestic and international companies establishing large-scale operations to cater to both export and domestic needs. The rising integration of inertial sensors in various applications, from unmanned vehicles to consumer electronics, is a key factor propelling market expansion. The demand for high-precision and reliable navigational systems, which can operate independently of external aids, is growing, particularly in challenging environments where traditional systems may falter. This trend is further supported by the increasing adoption of advanced technologies such as AI and machine learning, which are enhancing the capabilities of inertial systems in sectors like defense, aviation, and automotive.

The market landscape is moderately fragmented, with numerous players focusing on strategic partnerships and product innovations to enhance their market presence. Collaborations, such as those between Honeywell and Hanwha Systems, and Thales and GAMECO, are indicative of the industry's push towards expanding technological capabilities and market reach. The defense sector, in particular, is a significant driver, with countries in the region investing heavily in modernizing their military capabilities, including the procurement of advanced missile systems and unmanned vehicles. The impact of COVID-19 has been mitigated, with the market returning to stability and continuing to grow as restrictions ease. The Asia-Pacific inertial systems market is expected to benefit from these trends, with ongoing advancements in sensor technology and increased demand across various sectors ensuring robust growth over the forecast period.

Explore More

Asia-Pacific Inertial Systems Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Intensity of Competitive Rivalry

      5. 1.3.5 Threat of Substitutes

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Civil Aviation

      2. 2.1.2 Defense

      3. 2.1.3 Consumer Electronics

      4. 2.1.4 Automotive

      5. 2.1.5 Energy and Infrastructure

      6. 2.1.6 Medical

      7. 2.1.7 Other Applications

    2. 2.2 By Component

      1. 2.2.1 Accelerometer

      2. 2.2.2 Gyroscope

      3. 2.2.3 IMU

      4. 2.2.4 Magnetometer

      5. 2.2.5 Attitude Heading and Navigation System

      6. 2.2.6 Other Components

Asia-Pacific Inertial Systems Market Size FAQs

The Asia-Pacific Inertial Systems Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

Honeywell Aerospace Inc., Northrop Grumman Corporation, Bosch Sensortec GmbH, Analog Devices Inc. and Thales Group are the major companies operating in the Asia-Pacific Inertial Systems Market.

Asia-Pacific Inertial Systems Report Snapshots

Asia-Pacific Inertial Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)