Global Inertial Systems Market (Marine)

Inertial systems for marine are meant to enhance the movement and navigation of submarines, ships and essentially all heavy moving vehicles over water bodies. The technologies and equipment used for the process are Gyroscopes, Accelerometer, Inertial Measurement Units, Multi-Axis Centres and Inertial Navigation Systems (INS).

The motion sensing technology allows for exploration activities for oil and gas and the likes in the ocean. Deep oceans require real -time measurements of a particular location to help decide where the company should start a drilling exercise.

The end users for a technology such as this are the heavily equipped shipping industries and their respective countries. Since marine oil and gas exploration is taken over by global private companies as well, this technology is also heavily used in the marine industry.

Market Dynamics

The drivers of the market for inertial systems in marine are many. First, the very demand for shipments towards oil and gas exploration makes it important for such technologies such as these to help with movement and skilful navigation. Technological advancements have also paved way for more accurate studies and inventions that have led to easy exploration and mining and better safety. Coupled with the above, there has been a growing demand towards higher accuracy that has been decreasing average costs for such explorations and increasing efficiency as well as effectiveness.

The measurement of absolute roll, pitch and azimuth enhances safety and reduces risks for the vessels and the crew. The inertial navigation systems, on the other hand, help with geo-referencing data which can help calculate the impact of heave, surge and sway at sea. Drone services are also used to administer a certain location and bring back real-time inferences for the mariners.

Market Segmentation

While all key automobile manufacturers are looking at the world over to introduce this software, the US and the European markets are clearly ahead in terms of proper usage. The fastest growing market for inertial systems, however, is the Asia Pacific. The growth is largely due to the backing provided by countries such as India and China in this space.

Region/Geographical Analysis

North America and Europe rank high in terms of being the first movers into this space. Developing countries such as China and India are not too far behind in catching up.

Key Players

Some of the key players in this field are companies such as Advanced Navigation, Honeywell Inc, IxBlue, Northrop Grumman and Rockwell Collins.

Report Contents:

> Global Market segments

> Global Market Drivers, Restraints and Opportunities

> Global Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Global Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage