Inertial Sensing Products Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2027
Inertial sensors are a class of
specialized sensors, which operate on the principle of inertia, where a small
displacement caused by peripheral vibrations and oscillations result in
generation of electronic output signal by the sensor material.
The Inertial Sensing products market has
evolved with advent of semiconductor electronics industry with manufacturers
providing state-of-the-art as well as efficient devices in the field of sensor
devices.
The sensors are integrated into an electronic component with
appropriate calibration done on sensor material to produce desired output
signal.
Inertial sensing products mainly find their applications where
displacement, positioning and motion tracking of objects and equipment are
required.
The sensing range ranges from a few square millimetre upto 500
millimetre in diameter. The portability, degree of accuracy associated with
inertial sensing products make it a preferred choice by the end users for
measuring and navigation applications.
Inertial sensors are used to detect and measure acceleration,
vibration, tilt, shock and multiple Degrees-of-Freedom (DoF) motion.
The devices equipped with inertial sensing products such as
accelerometers, gyroscopes, etc. are offered separately or as integrated
inertia measurement units.
Inertial
Sensing Products Market: Market Dynamics and Trends
The Inertial Sensing products market is generally driven by
varied end use industries such as defense, aerospace, automotive, mining as
well as exploration. where the common objective of navigation, motion tracking
and measurement is fulfilled.
The market growth is expected to continue on a positive note
with increasing scope of application and its related consumption in the
aforementioned mentioned end use industries in the form of research &
development process and as an end equipment / device.
However, slowdown in end use industries such as automotive
vehicles and mining can act as a restraint to the inertial sensing products
market.
The inertial sensing products market in terms of manufacturing
has been dominated by leading semiconductor components companies owing to
technological advancements in design of portable sensing devices.
The inertial sensing products are either sold directly to the
end-industry OEMs or supplied in the market via distributors and suppliers.
Inertial
Sensing Products Market: Regional Analysis and Outlook
The OEMs related to Inertial Sensing Products market are mainly
based in Asia Pacific, U.S. and Europe owing to the established infrastructure
and technical know-how and growth potential of the end industry.
The Asia Pacific end use market is expected to witness a significant
growth in the inertial sensing products market followed by the U.S. and Europe.
The scope of application and use of inertial sensing products
would be pivotally in laboratories and testing facilities related to target end
use industries.
The Inertial Sensing products market in overall is expected to
witness a decent growth over the forecast period, 2017-2027.
Inertial
Sensing Products Market: Market Participants
The competitive landscape of Inertial Sensing Products Market is
majorly marked by the presence of large players as well as small scale players.
Examples of some of the market participants involved in the global Inertial
sensing products market are: Honeywell International Inc., Analog Devices, NXP
Semiconductors N.V., ROHM Semiconductors, STMicroelectronics, Murata
Manufacturing Co., Ltd., InvenSense Inc., Maxim Integrated, First Sensors AG,
LORD Microstrain., TE Connectivity, Xsens, and Sparton Inc. along with other
mid-small scale OEMs and regional enterprises
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