High-end Inertial Systems Market Size (2024 - 2029)

High-end Inertial Systems Market Analysis

The high-end inertial systems market was valued at USD 3.33 billion in 2020 and is expected to reach USD 4.58 billion by 2026, and grow at a CAGR of 5.46% over the forecast period (2021-2026). The emergence of microelectromechanical systems (MEMS) technology resulted in the miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors, with microfabrication and micro-machining techniques. Therefore, MEMS has become an indisputable part of the future navigation systems, thus bolstering the growth of the high-end inertial systems.

• High-end inertial systems comprise IMUs 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 sensor data produces reliability and automation breakthroughs for applications in industries, such as autonomous vehicles, unmanned systems, and other advanced robotics.
• The growth in the inertial systems market is majorly driven by the increasing pressure on the contract manufacturers to reduce the size of the inertial systems, to make them suitable for a broad range of applications. MEMS much support the rapid increase in portable devices, as they offer enhanced capabilities within small unit sizes. The inertial MEMS market forecast predicts a dramatic rise in the volume of inertial MEMS devices over the next five years.
• Defense and commercial aerospace have always been the backbone of the high-end inertial systems market, and they continue to have the largest market share. The traditional markets, like defense, commercial aerospace, and space applications, witnessed a significant push, after a period of slow-paced growth from 2010 to 2015. In recent years, the market evolved positively, with increasing R&D investments across a wide range of technologies for gyroscopes.
• The COVID-19 pandemic has started a global economic crisis of significant dimensions, affecting almost all industries. One of the affected industry sectors in the eye of the coronavirus storm is aerospace. Global air traffic has been brought to an almost complete standstill by the COVID-19 outbreak. The International Air Transport Association (IATA) provided an estimation that the industry would require a cash infusion of up to USD 200 billion, as well as loan guarantees to weather the economic buffeting. Furthermore, a reduction in commercial aircraft orders is a likely knock-on effect of the global pandemic. As commercial aerospace markets have always been the primary consumers of the high-end inertial system market, the pandemic is expected to affect the market significantly.

High-end Inertial Systems Industry Segmentation

High-end inertial systems comprise high-performance variants, which include gyroscopes, accelerometers, and multi-axis integrated systems such as inertial measurement units (IMUs). IMUs consist of a combination of gyroscopes, magnetometers, accelerometers, and processing units. High-end inertial systems can be differentiated based on grade using performance metrics and end-user applications. The market study categorizes different applications by gyroscopes, accelerometers, and IMUs. The market also categorizes the research into the uses and application of the technology across various end-user segments, such as industrial, automotive, and aerospace.