Please Wait.....
Report
Tactical Inertial Systems Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 120 Pages I Mordor Intelligence
The tactical inertial systems market is estimated to register a CAGR of 7.62% during the forecast period, 2022-2027. The emergence of microelectromechanical system (MEMS) technology resulted in the miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors with micro-fabrication and micro-machining techniques. Hence, MEMS has become a fundamental part of future navigation systems.
Key Highlights
The growth in the tactical inertial systems market is majorly driven by the increasing pressure on contract manufacturers to reduce the size of the inertial systems to make them suitable for a broad range of tactical applications.
MEMS greatly supports the rapid increase in portable devices, as they offer enhanced capabilities within small unit sizes. The tactical inertial MEMS market forecast predicts a dramatic rise in the volume of inertial MEMS devices over the next five years.
However, over the years, GPS has become a prime target for cybersecurity attacks, thus, making the high-end inertial system an attractive choice for its deployment by augmenting the GPS in remote areas and using it for mission-critical applications.
Tactical Inertial Systems market Trends
The Accelerometer Segment sis Expected to Hold the Highest Market Share
Traditional accelerometers were built on the principle of mechanical vibration. The principal components of an accelerometer are mass supported by springs. With the use of silicon-based products and miniaturization techniques, the accelerometer structure has shrunk rapidly.
MEMS accelerometers sold in the current market scenario contain microscopic crystal structures with a mass attached to the top that gets stressed by accelerative forces, which causes a voltage to be generated.
Over the years, low-g accelerators have gained traction for their applications. With the 3D MEMS technology, the companies are offering accelerators assembled in a dual-in-line or dual-in-flat-line plastic package with pins for surface mount and re-flow soldering. They are environmentally protected with silicone gel, resulting in excellent performance and reliability in a humid environment and at temperature cycling.
Asia-Pacific Accounts for the Largest Market Share
Asia-Pacific is the largest market for tactical inertial systems in the current market scenario. The large volume of production in countries such as China, Japan, and India keeps a constant demand for tactical inertial systems in the region.
In addition, this growth is due to increased investment in the defense sector from growing economies, such as India and China. The defense sectors in China and India are increasing the defense spending and procurement of advanced remotely operated vehicles for military applications.
In September 2021, India sought investment from Australia's defense industry, as the two countries discussed ways to strengthen defense relations and cooperate in maritime security in China's growing military and influential region of the Indo-Pacific region.
Following the tremendous growth in the region, the major players in the market are expanding their operations in Asia-Pacific. For instance, in May 2020, Inertial Labs set up new partnerships with Malaysian and Indian distributors to better serve the local market of its inertial sensing technology and products.
With a new partnership with Malaysia's Dynamic Positioning Technology Sdn Bhd, the Southeast Asian marine and offshore industry will become a state-of-the-art automatic positioning, navigation, and directional technology for platforms, such as unmanned surface ships (USVs) and underwater vehicles.
Inertial Labs partnered with Datasol Innovative Labs (DILabs) to provide India with local benefits from local suppliers and partners, all from Inertial Labs' superior products, business development strategies, technical support, and marketing activities.
Tactical Inertial Systems market Competitor Analysis
The market's growth is primarily fueled by increasing applications, technological advancements, and rising aerospace and defense budgets. Furthermore, the growth can be attributed to the increasing demand for accuracy and calibration in guidance, control and targeting, precision-guided armaments, and other weaponry.
November 2020 - Northrop Grumman produced its 75,000th G-2000 gyroscope, the smallest tactical-grade gyroscope for commercial and military customers.
May 2020 - Northrop Grumman's SeaFIND Inertial Navigation System was approved by the US Coast Guard (USCG), formally certifying its use as a shipboard gyrocompass system for navigation.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Research Methodology
2.2 Research Phases
3 MARKET ANALYSIS
3.1 Market Overview
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products
3.2.5 Intensity of Competitive Rivalry
3.3 Value Chain Analysis
4 MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Inclination of Growth in Defense and Aerospace
4.2 Market Restraints
4.2.1 Operational Complexity Coupled with High Maintenance Costs
5 TECHNOLOGY SNAPSHOT
6 MARKET SEGMENTATION
6.1 End User
6.1.1 Aerospace and Defense
6.1.2 Marine/Naval
6.2 Technology
6.2.1 MEMs
6.2.2 Fiber Optic Gyro (FOG)
6.2.3 Ring Laser Gyro (RLG)
6.2.4 Other Technologies
6.3 Component
6.3.1 Accelerometers
6.3.2 Magnetometers
6.3.3 Gyroscopes
6.3.4 Other Components
6.4 Geography
6.4.1 North America
6.4.1.1 United States
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 United Kingdom
6.4.2.2 Germany
6.4.2.3 France
6.4.2.4 Rest of Europe
6.4.3 Asia-Pacific
6.4.3.1 China
6.4.3.2 India
6.4.3.3 Japan
6.4.3.4 Rest of Asia-Pacific
6.4.4 Rest of the World
6.4.4.1 Latin America
6.4.4.2 Middle-East
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Analog Devices Inc.
7.1.2 Northrop Grumman Corporation
7.1.3 Safran Group (Colibrys Switzerland) Ltd
7.1.4 Rockwell Collins Inc.
7.1.5 Honeywell International Inc.
7.1.6 Invensense Inc.
7.1.7 Ixbluesas
7.1.8 Kearfott Corporation
7.1.9 KVH Industries Inc.
7.1.10 Thales Group
7.1.11 Xsens Technologies BV
7.1.12 Sparton Corporation
7.1.13 Epson Europe Electronic
7.1.14 Vector NAV
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security