Market Size of Inertial Systems Industry in Transportation
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 11.28 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Transportation Inertial Systems Market Analysis
The Global Inertial Systems Market in the Transportation Market is expected to grow at the highest CAGR of 11.28% during the forecast period. Inertial sensors are being used increasingly in the transportation market. They are being used to increase safety features, improve performance, and reduce cost. They are being used in ABS, airbag deployment, helping the stability of the vehicle, anti-theft, and many other features.
Inertial systems comprise IMUs in combination with high-performance sensors (gyroscopes, magnetometers, and accelerometers) to provide high-accuracy information about the surrounding environment through relative movement. The powerful combination of IMUs with other onboard sensors produces critical data increasing the reliability of the vehicles and leading to new automation breakthroughs in automotive applications.
- Inertial sensors are being used increasingly in the transportation market. They are being used by automotive companies to increase safety features, improve performance, and reduce the cost of their vehicles. They are being used in ABS, airbag deployment, helping the stability of the vehicle, anti-theft, and many other features.
- The IMUs are used in a multitude of automotive applications as well as for the latest ADAS functioning for autonomous driving. It helps to fill the gap in GPS while the vehicle moves towards the blind spot and when LiDAR functionality struggles in a snowstorm.
- Moreover, owing to the high resonance frequency of over 25 kHz in IMU along with the closed driving and evaluation unit, it provides a high barrier to mechanical interference. The inertial measuring unit (IMU) has gained popularity for the application of contributing to active and passive safety systems such as ESP (Electronic Stability Control Program), airbag control unit, and driver assistance systems like the adaptive cruise control. This enhances the offset performance with an integrated microcontroller.
- On the contrary, companies with strong financials are also focusing on product enhancements and strategic acquisitions to gain more market share and significant control over the supply chain. For instance, Honeywell launched the HGuide i300, which is a high-performance MEMS-based Inertial Measurement Unit (IMU) designed to meet the needs of applications across various markets, including transportation, UAVs, and UGVs. With industry-standard communication interfaces and a wide-input voltage range, the HGuide i300 can be easily integrated into a variety of architectures. The small size, lightweight, and low power make the HGuide i300 ideal for many applications.
Transportation Inertial Systems Industry Segmentation
The report estimates Inertial Systems Market in Transportation market growth also gives an analysis of the competitive landscape of the leading players. The scope of this report is limited to the type of products offered by leading vendors, such as MEMS, sensors, to the type of components being used in the products, such as accelerometers, gyroscopes, IMUs, and to the type of applications for which inertial systems in transportation are used, such as navigation, infotainment, and telematics, active and passive safety, theft detection, motion detection, skid and stability control, among others.
The report delves into the impact of the rising of unmanned vehicles; Aerial, land, and Water-based, on the use of inertial sensors. The unprecedented rise in unmanned vehicles across various applications in both civilian and defense applications has increased the need for complex navigational systems, which include inertial sensors. The rapid advancement in technology has made sensors both accessible and affordable, making their use abundant in day-to-day devices.
Component | |
Accelerometer | |
Gyroscope | |
Inertial Measurement Systems (IMU) | |
Inertial Navigation Systems (INS) | |
Other Components |
Geography | |
North America | |
Europe | |
Asia Pacific | |
Latin America | |
Middle East and Africa |
Inertial Systems Market in Transportation Size Summary
The Inertial Systems Market in Transportation is experiencing significant growth, driven by the increasing integration of inertial sensors in automotive applications. These sensors are pivotal in enhancing vehicle safety features, improving performance, and reducing costs. They play a crucial role in systems such as ABS, airbag deployment, and vehicle stability, as well as in anti-theft mechanisms. The combination of Inertial Measurement Units (IMUs) with high-performance sensors like gyroscopes, magnetometers, and accelerometers provides accurate environmental data, fostering reliability and automation in vehicles. The demand for these systems is further bolstered by the growing need for advanced driver-assistance systems (ADAS) and autonomous driving technologies, which require precise navigation and stability solutions, especially in challenging conditions where GPS and LiDAR may falter.
The market is also influenced by the rising adoption of micro-electromechanical systems (MEMS), which have become integral to various automotive applications, including safety and efficiency enhancements. The Asia Pacific region, particularly China, Japan, and India, remains a significant market due to high production volumes, although recent sales sluggishness has been noted. The electric vehicle (EV) sector is gaining traction, with China leading in production and battery technology, while India is making strides through government initiatives. The market is moderately competitive, with major players like Honeywell and Analog Devices dominating, yet new entrants are expanding their presence. Recent technological advancements and strategic acquisitions are shaping the market landscape, with companies focusing on enhancing sensor technology and expanding their business footprints in emerging economies.
Inertial Systems Market in Transportation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Emergence of MEMS Technology
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1.1.2 Rapid Rise of Unmanned Vehicles in Both Defense and Civilian Applications
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1.2 Market Restraints
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1.2.1 Integration Drift Error is a Major Concern in Navigation Systems
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2. MARKET SEGMENTATION
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2.1 Component
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2.1.1 Accelerometer
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2.1.2 Gyroscope
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2.1.3 Inertial Measurement Systems (IMU)
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2.1.4 Inertial Navigation Systems (INS)
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2.1.5 Other Components
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia Pacific
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2.2.4 Latin America
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2.2.5 Middle East and Africa
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Inertial Systems Market in Transportation Market Size FAQs
What is the current Transportation Inertial Systems Market size?
The Transportation Inertial Systems Market is projected to register a CAGR of 11.28% during the forecast period (2024-2029)
Who are the key players in Transportation Inertial Systems Market?
Analog Devices, Inc., Bosch Sensortec GmbH, Honeywell International Inc., ST Microelectronics and InvenSense Inc. are the major companies operating in the Transportation Inertial Systems Market.