Inertial Sensor Market Size, Share, Opportunities, And Trends By Type (Accelerometers (Piezoresistive, Accelerometers, Capacitive Accelerometers, Piezoelectric Accelerometers, Others), Gyroscopes), By Measurement Type (Acceleration, Vibration, Inclination), By End-Users (Aerospace & Defence, Automotive, Electrical & Electronics, Others), And By Geography - Forecasts From 2023 To 2028

The global inertial sensor market was valued at US$11.227 billion in 2021.

The inertial sensor market is anticipated to show strong growth during the forecast period. Inertial sensors consist of accelerometers and gyroscopes that measure specific force and turn rate, respectively. The inertial measurement unit typically includes three accelerometers and three gyroscopes, all mutually orthogonal. The inertial sensors market caters to a wide range of industries including aerospace and defense, automotive, electrical and electronics, and various other sectors. The increasing demand for consumer electronics and the growth of autonomous vehicles are the primary drivers propelling the expansion of the inertial sensor industry.

Growing electronics sector bolsters the inertial sensor market growth.

Inertial sensors are widely used in electronic devices such as smartphones, tablets, gaming consoles, wearables, and virtual reality systems, enabling features like motion sensing, gesture recognition, image stabilization, and augmented reality experiences. The demand for consumer electronics continues to surge, driven by technological advancements, and evolving consumer preferences, due to which the upward trend in electronics production is directly contributing to the growth of the inertial sensor industry. According to the Ministry of Economy, Trade and Industry (METI), the industrial electronic production of  Japan in April 2023, stood at 1,195,661 million yen, up 7.4% from April 2022.

The emerging automotive industry drives the inertial sensor market expansion.

Inertial sensors are used in automotive for electronic stability control (ESC), rollover detection, traction control, adaptive headlights, and advanced driver assistance systems (ADAS) such as lane departure warning and collision avoidance. The increasing emphasis on vehicle safety, comfort, and autonomous driving technologies, has prompted manufacturers to adopt various technological innovations in automotive which are being further propelled by booming automotive production. According to the International Organization of Motor Vehicle Manufacturers, in 2022, Germany’s automotive production witnessed a substantial 11% growth, reaching a total of 3,677,820 units. Such a surge in production is driving the demand for inertial sensors in the automotive sector.

Improved R&D activities and technological advancement drive the inertial sensor market.

The growth of the inertial sensors industry is driven by increased research and development activities and advancements in sensor accuracy. Ongoing R&D efforts are focused on improving the performance and reliability of inertial sensors, resulting in enhanced accuracy and stability. Technological advancements enable the development of more precise and reliable inertial sensor solutions, expanding their potential applications across various industries such as aerospace, automotive, consumer electronics, robotics, and more. For instance, in 2020, Purdue University announced its research focus on leveraging frequency-modulated continuous wave (FMCW) lidar technology to enhance object detection capabilities, particularly in distinguishing between moving entities and stationary objects.

The Asia-Pacific region is anticipated to dominate the market.

Asia-Pacific region will account for a significant inertial sensor market share owing to the region’s booming manufacturing and industrial robotics activities which is stimulating the demand for inertial sensors for precise motion control and feedback in such applications. For example, according to the International Federation of Robotics Report 2022, Asia emerged as the largest market for industrial robots, with a record installation of 380,911 units in 2021, up 38% compared to the previous year's 276,651 units with an average annual growth rate of 14% in terms of robot installations. Moreover,  according to the Society of Indian Automobile Manufacturers, in India, the output of commercial vehicles increased by 28% in 2022 compared to 2021.

Environmental factors restrain the inertial sensor market growth.

Inertial sensors are devices that measure the motion and orientation of an object using accelerometers and gyroscopes. However, these sensors are not immune to external influences that can degrade their performance and accuracy. For example, temperature changes can cause thermal expansion or contraction of the sensor components, resulting in drifts or biases in the measurements. Similarly, vibration can induce mechanical stress or noise on the sensor signals, leading to fluctuations or errors in the data. Due to the degradation of accuracy, it could hinder the inertial sensor industry as buyers might shift to more highly accurate sensors.

Key Developments

• August 2022: MEMSIC, a globally leading MEMS technology solution supplier, introduced the MIC6100AL, the first MEMS 6-axis inertial sensor (IMU). The product incorporates a 3-axis gyroscope and a 3-axis accelerometer, allowing it to enable motion-sensing interactive systems such as game controllers and smart remote controls with sensitive sensing while dramatically improving user experience. MEMSIC has a strong algorithm team to give users algorithm support that can fulfil the requirements of complex application situations.
• December 2021: MEMSENSE, the manufacturer of inertial measurement units was acquired by Inertial Labs, an industry-leading developer and supplier of orientation, inertial navigation, and optically enhanced sensor modules. Inertial Lab’s strategic acquisitions bring together two high-growth firms with a track record of tackling some of the world's most complex stabilization and navigation problems.
• April 2021: A new line of compact inertial measurement units has been introduced by Honeywell that are ruggedized to provide best-in-class accuracy and the toughness to withstand high-shock settings. The new HG1125 and HG1126 inertial measurement units (IMUs), which are about the size of a water bottle cap, are inexpensive and have both industrial and military uses. By introducing the HG1125 and HG1126 inertial measurement units Honeywell continues to offer reliable and robust solutions for inertial measurements.

Company Products

• 11206AC: The TE Connectivity model 11206AC angular rate sensor is a rugged uniaxial analog gyroscope that can accurately measure angular rate under severe environmental conditions. The sensor is packaged in a tough, compact housing with fully encapsulated and protected electronics and a shielded 22 AWG cable.
• LINS16488: The LINS16488 is an inertial measurement device with a small volume and high overload resistance. It can be used for precise navigation, control, and dynamic measurement of weapons¹. The device provides high accuracy through a MEMS inertial navigation system and supports dynamic rapid alignment. It has a 400Hz mixed mode data update, SPI, and 1-way UART. The device is small in size and low in weight, solid, and durable. It is fully compatible with ADIS16488A.

Inertial Sensor Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$11.227 billion
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Measurement Type, End-Users, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	TE Connectivity, Panasonic Corporation, Honeywell International Inc., ABB Ltd., General Electric, TDK Corporation, Bosch Sensortec GmbH, INERTIAL SENSE, Silicon Sensing Systems Ltd (Sumitomo Precision Products & Atlantic Inertial System Inc.)
Customization Scope	Free report customization with purchase

 

Segmentation

• By Type
  • Accelerometers
    • Piezoresistive Accelerometers
    • Capacitive Accelerometers
    • Piezoelectric Accelerometers
    • Others
  • Gyroscopes
• By Measurement Type
  • Acceleration
  • Vibration
  • Inclination
• By End-Users
  • Aerospace & Defence
  • Automotive
  • Electrical & Electronics
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Other

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. INERTIAL SENSOR MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Accelerometers

5.2.1. Piezoresistive Accelerometers

5.2.2. Capacitive Accelerometers

5.2.3. Piezoelectric Accelerometers

5.2.4. Others

5.3. Gyroscopes

6. INERTIAL SENSOR MARKET ANALYSIS, BY MEASUREMENT TYPE

6.1. Introduction

6.2. Acceleration

6.3. Vibration

6.4. Inclination

7. INERTIAL SENSOR MARKET ANALYSIS, BY END-USERS

7.1. Introduction

7.2. Aerospace & Defense

7.3. Automotive

7.4. Electrical & Electronics

7.5. Others

8. INERTIAL SENSOR MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1.  Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. UK

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Australia

8.6.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. TE Connectivity

10.2. Panasonic Corporation

10.3. Honeywell International Inc.

10.4. ABB Ltd.

10.5. General Electric

10.6. TDK Corporation

10.7. Bosch Sensortec GmbH

10.8. INERTIAL SENSE

10.9. Silicon Sensing Systems Ltd (Sumitomo Precision Products & Atlantic Inertial System Inc.)

TE Connectivity

Panasonic Corporation

Honeywell International Inc.

ABB Ltd.

General Electric

TDK Corporation

Bosch Sensortec GmbH

INERTIAL SENSE

Silicon Sensing Systems Ltd (Sumitomo Precision Products & Atlantic Inertial System Inc.)