Nov 30, 2017   SOURCE: BusinessWire

Global Inertial Systems in Aerospace Applications Market (2017-2022): Increasing Demand for Accuracy in Navigation - Research and Markets

The "Global Inertial Systems in Aerospace Applications Market - By Type , Application, Geography, Trends, Forecast - 2017 - 2022" report has been added to Research and Markets' offering.

The Global Inertial Sytems in Aerospace Applications market is set to grow at a projected CAGR of 8.03% during the forecast period of 2017-2022. Safety in aerospace is of prime importance and inertial sensors are key components that ensure safety. The global inertial systems market, which is expected to touch USD 8.4 billion by 2021, is expected to increase the demand for better airport security systems, which will again open up new latitudes in the inertial systems market

Currently, predominant inertial technologies have little scope for change. The Micro Electro Mechanical Systems (MEMS) sensor based technology is set to replace them during the forecast period. With increasing error correction techniques and proven reliability credentials, MEMS is an affordable technology with the potential to increase performance; thereby, taking inertial sensing to the next level.

Primary drivers for this market are size reduction trends in the aviation industry, as well as requirements for increasing reliability and reduced complexity. The core challenge for the market is the reluctance of the civil aviation sector to adapt and embrace new technologies. The vertical structure of the aviation industry leaves very little chance for adoption of advanced sensors. The lack of competition in the supply chain is another major hurdle.

Companies Mentioned:

  • Analog Devices Inc.
  • Bosch Sensortec GmbH
  • Safran Group
  • Honeywell International Inc.
  • Invensense Inc.
  • Kearfott Corporation
  • KVH Industries Inc.
  • Meggitt PLC
  • Northrop Grumman Corporation
  • ST Microelectronics
  • Silicon Sensing Systems Ltd.
  • UTC Aerospace Systems
  • Rockwell Collins
  • Vector NAV
  • Thames Group
  • Epson Europe Electronics

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Dynamics

4. Technology Overview

5. Global Inertial Systems Market Segmentation and Forecast (2016-2022)

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future of Global Inertial Systems Market in Aerospace Applications

For more information about this report visit https://www.researchandmarkets.com/research/73pfj5/global_inertial